8/10 BEARISH DIAMON PATTERNHey dear community,
this one is an educational one.
Introducing the Bearish Diamon Pattern.
So, basically, this pattern is a bearish pattern, which appears at top levels, as well as an inverted version of it at possible or temporary bottoms.
Therefore I used this Key takeaway from Investopedia, which helped me a lot and I wanted to share with you:
-Traders use price patterns such as pennants, flags, and double bottoms and tops to forecast profitable trading opportunities and explain market dynamics.
-One useful price pattern in the currency markets is the bearish diamond top formation.
-The diamond top signals impending shortfalls and retracements with accuracy and ease.
-A diamond top can be located by isolating a head-and-shoulders formation and applying trendlines to the peaks and troughs.
-Utilizing price oscillators with the price pattern can increase the accuracy of a trade by gauging price action momentum.
-Key levels are 30000
-Expect to trade within the extended range of the Diamond.
-RSI looks okayish, there's is plenty of room growth, as well for the downside.
This pattern will possibly reach the right end of the diamond pattern.
Let´s see if this works on the Dow Jones (US30).
Happy trading everybody!
US
12200 to watch, pullback will still bias for short...
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
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EURUSD: Two Points to SELL From:
Friday's structure breakout is a very important bearish clue .
I am very bearish biased on EURUSD at the moment and look for shorting opportunities.
Next week consider two areas:
Resistance around 1.196 based on the previous low
Resistance around 1.202 based on a local daily structure
I will look for a retest of these areas and look for shorting opportunities from them.
I will wait for the intraday confirmation before I open the order.
Please, like this post and I will show the confirmation that I am looking for in my next idea on EURUSD.
Is it going to sting...There are 2 way to calculate GDP:
GDP method 1
GDP = C + G + I + NX
For investments I don't have a good source, but this one is something, seems to stagnate, lots of investments are made in China I'd bet:
www.census.gov
The INSANE net export chart from the FED:
fred.stlouisfed.org
Consumer spending chart
fred.stlouisfed.org
===> When you adjust for the increased population & official fake inflation numbers it is up by 14% (Pop increased by 17%, 12k today => 8k in 2000)
GDP method 2
GDP = Total National Income + Sales Taxes + Depreciation + Net Foreign Factor Income
What we take out of this is that:
The Soviet Union was the world second economy, developped, a superpower, no one went hungry, Ukraine is the "bread basket of Europe" but still when it collapsed people STARVED, even in Ukraine. They went back in time a century.
It will obviously be worse than Greece. I'm not trying to be a perma bear I am not riding a short like with Bitcoin 2 years ago.
Let me take my bear uniform 2 seconds: It will be MAD MAX. If you think this is not possible, look at Somalia.
There is this whole list of issues to tackle, demographic first, Greece, Rome, the USSR had the same, there are ancient letters casting blame to Rome & Greece nobles "you are so eager to let your bloodline die", of course workers are important but it's the elites that build a civilization, that make it happen. Elites now are all (not literally...) corrupt, pedos, orgie addicts and so on. A complete mess.
Working age populations peaked in ~2010 even with the mass immigration going on, lmao at Denmark that got desperate and begged men to sleep with women.
Liberals have been lowering taxes in a desperate attempt to attract entrepreneurs but that barely helps there is too much.
Now they are killing small businesses and helping enforce multinational monopolies. This is not rational. These are the actions of a desperate ruling class that KNOWS what is going on.
In the best case scenario, where debt is cancelled, migrants stay to work, there are no riots and no civil war etc, it's unrealistic but assuming it all goes perfectly it will still be a catastrophe when it ends (obviously foreign nations like China won't export for free forever like a slave country). When it ends the standard of living will nosedive, all the free stuff taken from net imports won't be here anymore.
How about the debt?
The internal debts can be cleared, I mean... look 21 of the top 25 biggest hedge funds are jews, they could go to court to fight it, force the states to pay but surely they learned their lesson last time. Let's not repeat what happened. Anyway peacefully or violently internal debts will be cleared or almost cleared imo.
Who holds external debt? Well obviously China, but then a little of everyone, the Saudis, Israel, Norway, idk who else?
Some rich countries and big japanese businesses I guess?
China can come to Europe take factories, doctors, engineers etc, but they can't do this with the US.
What China can do even if they don't want to force the US to pay up immediately is seize factories such as Elon - hype man with 0 results his whole life - Musk Gigafactory 3. That's a given. Bare minimum.
Doesn't help that the west over-delocalised their manufacturing, including of medications.
Nah don't worry with covid they learned their lessons and actions will be taken. HAHAHAHA!
How do nations bounce back when their population is almost entirely made up of seniors?
It's not all about the money, where to invest. If you have parents that took care of you, prepare early, to take care of them later.
Elders that had no children well they'll die welcome to nature. But hey no one will be sad.
Pretty funny that all political sides are so eager to win, especially the US, like it's the most important elections that you absolutely have to win. It's hilarious, using every dirty trick and trying so hard to win to get the right to get blamed for the collapse.
Dumb tv anchors with shinny eyes filled with joy saying "this is a return to normalcy" I am pissing myself, "back to normal", oh it's going to sting them.
So ye to sum up the EU and US are basically big frauds ran by crooks, like the CEO of Enron or Wirecard.
It's like a husband that lost his job 5 years ago (20 here) and has been borrowing from friends the whole time to continue to drink champagne and hide the truth from his family but boy will you be in trouble when your buddies stop funding your lifestyle.
Let's just say globalist-leftist-liberalism will not be very popular in 20 years. Heads are going to roll.
Ah screw it I'm not pessimistic, let me not potentially give the impression that I am worried or upset.
I'm smiling because I'm getting the f out of this s***hole, I'm probably going to a beautiful beach in Tunisia.
Good luck with your old people and rich in diversity and megadebt and tolerance and masks and curfews and purple hair and return to paleolithic soon westerners, oh no Tunisia have made strict shariah laws against extreme LGBT acts oh no they are a muslim country they won't even let perfectly fine people do sodomy orgies in the street in front of schools how will I survive in such an intolerant place? Muh liberty to do orgies in public and play with feces and get guidelines on how to safely do butt licking muh democracy muh progress 😂
You know I used to care, but now knowing the west will suffer & millions will die actually makes me laugh 🤣.
They don't even suspect it yet, they're so joyful "return to normalcy" gosh they will eat their words.
I don't even want to help anymore, just watch and laugh and rub western neo-liberals face in it.
Keep bombing Syria children "for democracy" I'll eat popcorn in front of the elderly death count when you can't afford care anymore.
You reap what you sow. If they look for investors to bail them out I'll invest my ***** in Europe and the US.
The die is cast. Let this economy die in euphoria and mass delusion. This is long term so no need to short sell this very instant. But 2021 could be the year the stock market tops, if they don't go for hyperinflation.
Sorry for getting so brutal. Don't waste time arguing with deluded idiots, do you insist when a crazy person incoherently screams at you in the street no you try to help first then you leave them in their mess, each man for himself. Protect yourself, your family, your assets. Don't pay for the mistakes of others. Don't help people that don't want help. Ex-USSR countries are very eager to attract entrepreneurs, so let's all pack our s*** and move to greener lands.
As George Soros said, "doesn't matter what I do they will die anyway, so might as well profit from it. It was the happiest period of my life". Looks like I'm a huge sociopath, nice I got all the tools to succeed as a trader.
Oh hi people in 20 years digging dirt on me 👋 This is sarcasm please. They are doing porns in religious dresses I mean c'mon I get a free pass here please no hang me.
Oh hey and if you want to stay in "the west", I don't know how Australia is doing I think they are doing ok, and any businessman (/woman/8000 other genders) with 100k and a business gets a free ID and house or something. They have bats though.
The AWARA study on US Russia Europe net growth:
www.awaragroup.com
From a 2019 Wall Street report: "Real US debt could be 2000% of GDP". Talk about being overleveraged.
www.cnbc.com
NASDAQ US100 Chart Analysis March 3
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for March 3.
This is a 30-minute chart long position strategy.
Pay attention to the convergence section of the green resistance line / red support line.
* Red arrow on the path of movement,
Long -> Short switching strategy.
Stop loss break away the red support line.
After liquidating from the final target at the top,
Short Short -> Long Re-entry.
*On the path of the sky blue finger movement,
Long -> Short -> Long switching strategy.
In each position,
We hope that you operate safely in accordance with the stop loss.
Tomorrow's analysis will be conducted privately.
Thanks for reading.
DJ30 - running blue 👍Entry details are shown on the chart.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
NAS100 Buy Now Valid... 🤗Entry details are shown on the chart.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out do they.
Also, see my 'related ideas' below to see more just like this.
Interested in access to my strategy so you can be in these trades the moment they're valid? Drop me a DM .
The stats for this pair are shown below too.
Thank you.
Darren
EURUSD: Still Bullish. Price Action & Swings
Market maker this time outsmarted buyers who bought the breakout of a daily resistance
and sellers who shorted from that.
For now, for next week the outlook is still bullish though.
With the sequence of higher highs and higher lows, with our classic price action rules the market is still bullish.
From 1.203 horizontal support a bullish continuation will be expected.
I will look for intraday confirmation to buy it.
Good luck!
Time to press euro Longs EUR/USD has recently broken below some key technical levels of support such as 1.2050. Recent USD resilience could wane over the next few days as positioning in euro cleans up. Coming into January, many managers had the reflation bet on, which encompasses the long EURUSD trade. This trade caught them wrong-footed, and many managers squared out during a period of heightened volatility. The risk is now for a move higher in the euro as the consensus position has decreased in size. euro fundamentals remain bullish, albeit with some negativity around vaccine distribution. That said, global risk remains bid, and euro should be no exception to this tone. Across the macro landscape, oil is reaching yearly highs, the 10Y yield in the US is flirting with its recent upper bound, and gold is breaking down. The only signal that doesn't confirm the current reflationary landscape is the dollar. Many are calling this the start of the dollar move, but I would much rather fade this move with a tight stop. EURUSD likely rises to over 1.25 in the next few months. If I am wrong, we have a short stop and we re-asses.
Oil is Still a Good Buy at this PriceThe Price of Crude Oil has recovered after an awful 2020 year. With a new president elect bringing new sanctions, there is a lot to like about oil even above $60 a barrel. The massive decrease in supply due to the shutting down of the Keystone XL, will cause a continued uptrend overtime, similar to the one we are currently seeing regardless of demand (which is relatively low all things considered). As mentioned before while oil hasn't seen a huge relative shift in demand since late 2020, with airlines and cruisers opening on a larger scale as the corona virus vaccine is distributed in many first world countries, a continued adjustment of price is likely to follow these reopenings. Furthermore, with similarities in policy between Joe Biden and Barrack Obama, Oil could be worth $90 a barrel again by 2023. This of course would be a result of a full reopening which seems clouded at the moment by new COVID cases occurring, but a direct result of this is a slow recovery of the dollar and this is what allows for this thesis to be more sensical on a short term basis. Between inflation rates and economic scarring, as well as the fact there is a new stimulus bill on the way, the US economy is receiving large amounts of money inflow thus drastically chaining the value of the US dollar, while the impact may only be a small hitch to overall recovery of the dollar, the near term liquidity in cash across the US makes has made for higher prices across the board (Gold, equities, consumer goods). Yes $90 a barrel seemed unlikely/near impossible a year ago but things have changed since then and with new policies (may they be energy friendly or not) oil is bound to see a bounce. My projection would be $75 a barrel by the end of 2021 and possibly $85-90 by the end of 2022 be that if my thesis holds true.
February 22 NASDAQ US100 Chart Analysis
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for February 22.
This is a 30 minute chart short position strategy.
From the current position,
* Red path arrow,
Short -> Long switching strategy.
Stop loss break away the red support line.
The target value is the break through the green resistance line.
If not, short position switching.
* Sky blue movement path finger,
Long -> Short -> Long switching strategy.
Break through the green resistance line, stop loss.
Failing to break from the red support line moves sideway move.
Final blue support line / long position entry,
This is the major support line.
That’s all for today’s strategy.
I'll see you in the public analysis on Wednesday.
Thank you.
Why I Don't Fear A Market Crash...Check out the Coronavirus Crash on the Nasdaq Daily...
If you were to have rode this up from the daily breakout, you can can see the daily movement of each candle. As soon as I know the daily candle is falling below the 50MA I'm closing my position and locking in the profit. Then I'll wait and see where the market goes from there.
Individual stocks can bottom out like they didn't exist, but established indexes and ETFs like the Nasdaq for example, are not so easily tripped over.
NASDAQ US100 Chart Analysis February 19
Hello,
“Make it simple, make profit”
It’s BitcoinGuide.
Don’t forget to
“Follow” me and press “Likes”.
If you "follow" press,
In real time, you can check major sections and move,
Real-time "update I dea" can be checked.
I will begin NASDAQ ZeroMarket US100 Chart Analysis for February 19.
It's a 30-minute chart neutral strategy.
Based on the green support line,
It seems that the direction will be decided.
* When the red arrow moves,
Long -> Short switching strategy.
The stop loss is the green support line.
In the section in contact with the sky blue finger,
It looks like a direction will come out.
* When the sky blue finger moves,
Short -> Long switching strategy.
Stop loss when entering a short, red resistance line
When switching long, the stop loss is the red support line.
Likewise, in the spot where it touches the green arrow section,
Direction is determined.
Today's strategy will only proceed to this point.
Thank you again this week.
Thank you.