The Crypto market cap is breaking $3 trillion but it is also double topping. Even though we may get a pullback here, I would not panic sell out. I would instead add to my BTC long position as I think it will be short-lived. I did not post my long trade here on TV as it was only for my subscribers. To be updated as needed.
EURUSD is a great setup for an excellent long-term risk-reward to the long side. A break below and hold below previous lows would be an acceptable stop-out. Reward to at least the top of the channel area. Don't overthink it just listen to the message of the market. This removes any bias you may have and makes the trade simple black or white.
CAE is Cracking out here from a three-year downtrend. Provided the market helps this stock by not collapsing any time soon, it can easily run to a new ATH. This is a fairly simple setup with good risk-reward.
TSLA cracking higher with a gap up breaking out of a wedge after several attempts this year, Personally, I don't like wedges since they have a tendency to crack one way and reverse the other. But having the entire US gov't giving you a free pass to do whatever you want without fear of being prosecuted for illegal activity and getting even more free money from...
Gold is currently hitting a key resistance area that goes back to 1980 (44 year) trendline. Some time may be required to correct and absorb this recent bull move. However, I would not be selling out of it completely if that's what one wishes to do with this information. I prefer people read this chart as a good way to set their expectations in case Gold stalls...
VIX is for experienced traders, and I probably should not be posting this. However, from a BKC charting perspective, it's a great example of how people can become more familiar with my work and why it is so effective. No newbie should be taking this trade. Just observe and learn from it. Thank you. Experienced guys and gals you best be quick on the draw! Don't...
Congratulations to Trump supporters! you got what you deserve. Americans yesterday voted for Trump because he convinced them that the "economy "feels" bad." Nothing could be further than the truth. Never in the history of America have more people been employed. That's just a fact. In the next four years, Americans will experience what a real "bad economy" feels...
Unlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above...
It's hard to deny this powerful topping pattern in the making. usually, H&S are continuation patterns (contrary to popular belief) unless they are at a top. Which SMCI is. So with that in mind, I will urge extreme caution for the bulls. It is better to be out of the market wishing you were in than in the market wishing you were out.
Bearish Rising Wedge building pressure at the bottom of the structure. BAD JUJU!! Bulls don't be a "dick for a tik" CAUTION!
Rising bearish wedge that has now cracked with a H&S formation in the making. CAUTION! is in order should the H&S CRACK! See my SMH call that first signaled there was a disturbance in the force.))
Semiconductors just collapsed leading to a double crack of two trend lines after a completion of wave 3 up and topping M pattern. Caution is in order as this could lead to something much more.
From a failed move lower came a fast move higher. This is standard BKC charting. While there is a possibility that if it breaks the bottom trendline it can break the upper trendline. (BKC does allow for that to occur) No bull should be trying to be a dik for a tik. Take your profits and run!
MSFT is topping out at a key area. Bulls should be taking profits. Shorts have a great risk/reward setup.
Nice bearish rising wedge setup with a great risk reward. Wait for the structure to crack. Don't over think it.
Since June 1st, 2023 I have been educating people on trading oil properly. OPEC cuts are never a reason to buy oil. The opposite is true, OPEC cuts mean the oil demand is maxed out for the world economy. Yet I had ignorant people tell me about EIA reports (which were worthless), My oil education was NOT educational, (because to them they can't analyze...
After 3 long years, SDY (dividend stocks) are about to break out. If I am right, this is a good indication we are moving closer to a recession and money is starting to flow to defensive stocks in preparation. Remember portfolio managers are not like you, buy today sell tomorrow. Purchasing hundreds of billions of dollars without moving the market against you...
Inverse H&S setup in play for Gold. At the moment it is high basing. Worth keeping an eye out for a CRACK higher. Just a matter of time in my opinion.