FlyingWiener69

FlyingWiener69

The Federal Open Market Committee (FOMC) meeting held on September 17-18, 2024, concluded with a significant decision to cut the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This marked the beginning of a new interest rate-cutting cycle, the first since March 2020. In their discussions, FOMC members noted that while economic...

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After four challenging years, TLT is making a strong return. The key resistance level to watch is $100.00 or 50 EMA which can act as support or resistance. If we can break through this barrier, there's a strong possibility of reaching all-time highs within the next 12 months. This potential is fueled by expected interest rate cuts, which could significantly...

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Falling Wedge When a security's price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart pattern can converge as the price slide loses momentum and buyers step in to slow the rate of decline. Before the lines converge, the price may...

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Falling Wedge Pattern Success rate : Falling wedge statistics - In 82% of cases, the exit is bullish. - In 55% of cases, a falling wedge is a reversal pattern. - In 63% of cases, the pattern's price objective is achieved when the resistance line is broken. Why should you buy into bonds after a rate cut? HERE ARE 5 REASONS... When a central bank cuts interest...

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Short term price action has formed a descending wedge pattern that is attractive when it breaks. Keep your eyes on this and FOLLOW YOUR STRATEGY. Economic Uncertainty and Market Volatility: Recent economic data and geopolitical tensions have introduced significant uncertainty into the global markets. This uncertainty often drives investors toward safer...

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Many of you are confused on the recent price action of the market. When in doubt, zoom out. Pay attention to the next fib level and pay attention to GOLD & OIL. Feds only cut rates during market turmoil not during bull runs. To keep it SHORT and sweet. It doesn't end well for risk assets. On the other hand, have you seen the prices of cocoa??? Insane!

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Okay I had to hop on this and chart for you guys because there is a lot, and I mean TON of charts right now that do not make any sense. SHORT TERM THESIS : Anyways, so far price seems to be stable floating above 30 min 200 EMA and take note. There is a fib level at 5.13 . As long as we don't fall past current support levels, this could really take off...

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Bearish Falling Wedge Risk to reward ratio is 17.71 12% percenter in play. Play as you see fit. Have your stop losses set accordingly.

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Bulls appear to be holding on and pushing through the TREND LINE OF PAIN. Price has been holding up steady to the famous 50 yard line. Some of you might be using shorter EMA's and that's okay. Long term outlook suggests we may come across the 200 EMA line sooner than later. This trend line has been intact for almost an entire year. An upward breakout is...

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Good support into the year. We could see heightened demand as crypto currencies continues its upward momentum. There has been no confirmed signal of downtrend. CCI : 120 since posting. Usually a sign of demand. RSI : Sitting at 49. Above 50 usually means there are more buyers than sellers. And as always, stay vigilant. Set your stop losses accordingly.

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From a technical analysis viewpoint there are a couple of things to note. 1: Elevated RSI 2: CCI showing signs of recovery and confidence. And lastly.... 3: Where are the sellers? There is a positive outlook on stellar short term and long term.

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Don't forget that another man's trash, is another man's treasure. Volume speaks volumes, pun intended. You know what to do...

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Anything near the $3000 mark is getting a beat down. We currently have a pennant pattern in the making. However recent price action suggests this stock has been manipulated go higher then selling off nearing that $3000 mark price. This suggests institutions are looking for liquidity to exit . Overbought on the weekly time-frame and daily. I expect a...

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Major buying under 92.66 . The day closed higher even after briefly touching a new low. Fed Chair Powell : Long-term goal is to move to a balance sheet that's mostly treasuries Source : www.youtube.com

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BABA had a nice clean break through a descending wedge. Support zone indicates where price momentarily reached and recovered. Yellow Weekly support line indicates a strong support on a weekly time frame. Small upside is possible.

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Broke out of a falling wedge pattern. Oversold on the 1hr. There's a great risk to reward ratio here. Set your stop losses accordingly. Uncertainty still looms...

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Should gap up tomorrow. There was good consolidation today. Could we see an 8% day? Maybe.... OR Maybe im retarded... ONE THING IS FOR SURE! Guess which one.

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Im bearish on GOOGL, 3 tops and 3 bottoms logged. .... Market direction is indecisive. Until Russia signs diplomacy things will get better. This war will cost us a recession if we don't stop it now... Rsi crossing downwards.. Market Cap increasing and trend line broken upwards. Not exactly sure what the cause might be for this.