2/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
1/2 $VIX is breaking pattern BUT #VIX HUGE support @ white line, since 2018 $SPX nice rally from lows Reduced MORE LONGS - Cash is min 20-55% now #SPX STILL in UP TREND Never broke 50 RSI monthly LOOK @ VOLUME Rallies used to reduce exposure? $SPY #stocks $SPXS $SPXL
Today I entered into a put option position on Starbucks expecting a pullback to the 79-84 area. (golden pocket and .5 retracement level) Some reasons: - Bearish divergence on medium time frame oscillators - Resistance levels noted on the chart as trend lines It appears that Starbucks may be forming a head and shoulders pattern as well, I plan to hold some of my...
This is a 1W time-frame chart, showing the correlation between the U.S. Government Bonds 2 YR Yield and the S&P500 (blue trend-line). Some may perceive the recent 2-month rally on stocks as a coincidence but the US02Y price action shows that it is not and has a direct correlation with it. The 1W RSI on the US02Y has been falling within a Channel Down since the...
Hugh inverted HS, more than a year forming the pattern that already broke the neck. I'm holding this one for at least 4 months. Great risk and reward.
Bias: Choppy (leaning bearish) Top Watches: Long - OKTA, TSLA, KR, NTNX. Short - CRM, FREY, DG, BIG. Follow @JLaing for daily review/bias of the market and top stock watches for day trading every morning! Tune in to my livestream every morning from 9:15 - 10:30 ET to see real live trading and get a more thorough review of my top watches!
The DXY index was able to complete wave 5 in the support zone. The sign of the end of wave 5 can be considered a 🔨Hammer🔨 Candlestick Pattern. I expect the DXY index will go up at least to the end of wave 4, and then it completes correction waves. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 4H(Log Scale)⏰. Do not forget to put Stop loss for your...
Hello Fellow Global Stock Investor/Trader, Here's a Technical outlook on Indah Kiat Pulp & Paper! Support the channel by giving us a thumbs up and sharing your opinions in the comment below! Technical Analysis The Previous Breakout of the Bearish Trendline is confirmed as the starting point of the bullish trend. After breaking out of the bearish trendline,...
Carrefour - 30d expiry - We look to Sell at 17.48 (stop at 18.04) The primary trend remains bearish. Bespoke resistance is located at 17.50. Resistance could prove difficult to breakdown. Price action is forming a bullish flag which has a bias to break to the upside. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit...
Well, as you can see after Mr. Powell's speeches last night, the dollar index fell and parallel markets started to grow (stocks and crypto), you can also see that the fall of the dollar index strengthened gold! Now gold is trading in the range of $1784, and with what we see on the chart right now, it seems that gold is trying to attack to collect BUY STOPS...
Finally glosing that 4100 gap. And from there I expect a big take-profits wave - If we cross 4100 and detach from the fractal - I will need to redo an analysis based on fundamentals and upcoming news results (PCE inflation, CPI, FOMC, NFP). Cheers!
The overall bias for DJI is bullish on the H4 chart. Additionally, the price is above the Ichimoku cloud , demonstrating a bullish market. Price has tapped into my buy stop entry at swing high 34106. 01 for this trade. At the previous swing low of 33063.05, where my relative safe stop loss is located. Take profit will be at 35492.22, where the previous swing high...
Unexplicable after-news euphoria is calming down and we should take profits after last push ups. We are a week away from knowing if we will go into a big selloff - or if we're gonna detach from this path. Good luck ! I'm full short.
Icici bank complete 5 th wave & fall pending . Making short potion or booking swing & long profit at top & genrate short postion
Looking at the H4 chart, my overall bias for GRAB is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 2.89, where the 38.2% Fibonacci line is. Stop loss will be at 2.52, where the previous swing low and 23.6% Fibonacci line is. Take profit will be at 3.68, where the 78.6% Fibonacci line...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔽 XAU 🔼 WTI 🔼 Market sentiment was lifted as Jerome Powell, the Chair of the Federal Reserve hinted at slowing down rate hikes in December’s interest rate decision. EUR/USD then rebounded from a low of 1.0295 to 1.0404, currently at 1.0438. On the other hand, the British Pound and Aussie both rallied almost 100...
On the H4 chart, the overall bias for DJI is bullish . Furthermore, the price is above the Ichimoku cloud , indicating that the market is bullish . Price has tapped into my buy stop entry at 4031.44 , where the 61.8% Fibonacci line is. Stop loss will be placed at 3907.07, where the previous low and 50% Fibonacci line is. Take profit will be at 4177.51, slightly...
Today you can review the technical analysis idea on a 1M linear scale chart for the Dow Jones Industrial Average Index (DJI). In the chart, I added in the RSI as well as review the Great Recession history to get an idea of where the DJI is headed. It seems that the DJI has been moving up an ARC with a possibility to come down and touch it again. It is currently...