Testing ATH and reversing. If you are a bull you want to buy on the break of the bull flag Bears short as close to ATH stop out at ATH. This is a longer-term play with good risk-reward both ways. Choice is yours.
After a monster move up from the bottom it seems Russia index is getting tired and needs at least a pause (correction through time) if not a nice correction. Of course, this is part of the overall market analysis outside of the US.
This is a perfect example of reading the message of the market and finding a good high probability setup at a key area. With China in a big bear flag point to another move, lower CEA will likely follow through to the downside as well. Probably even more so than the index offering more profit. Keep it simple with the highest probabilities and you will make money...
I am hearing and reading a lot of fluff about GDP numbers. Locking down an economy and then comparing it a year later to the lockdown will produce these kinds of numbers. but the numbers are misleading and silly to praise them if you understand what they mean. I can certainly understand a layman to cheer the numbers but I am seeing self-proclaimed "economic...
A very nice simple bull setup in an asset class that is hot and commodity that is lagging.
I have been harping on commodities for a long time now. Way before they even made their move. While I am still not in the inflation camp in terms of the way CPI . I am very much in the camp that commodities will continue to soar till the market cracks. Excessive deficits that lead to excessive savings will lead to money flows causing commodities to soar. Back on...
TSLA was first featured here back on Dec 10 2020 as a ratio TSLA was again featured on Feb 22nd, 2021 by itself as getting tired. April 15 2021 I once again posted a bearish setup I got the usual pushback for the TSLA cult telling me how I don't understand it and earnings are coming and it will shoot to the sky, bc Elon is a genius, I am stupid, I don't know...
On April 18th I put out a special update on ETHUSD saying it looks even finer! Since then it is up over 22% at all-time highs battling with resistance.
April 15th I posted this chart saying "Sugar is SWEET" Since then it's up over 10%. if this is the major breakout I believe it is, hold on to your seats.
Food Inflation will soon be a concern for people. We don't eat lumber but we do eat corn! While the FED only looks at core inflation (ex food and oil) if this new reversal trend continues they will care very much believe me! Excessive deficits, ZIRP (zero-interest policy) causing monetary inflation, coupled with some fear is causing money to flow into...
As explained in yesterday's video BTC was in a bullish falling wedge formation. Soon after I published the video BTC broke out. We are now in a key area it must breakthrough. If it fails here we will have an expansion of the previous structure and down we go again. Likely to that previous low target I mentioned in the video.
What is the message of the markets?
A simple risk-reward setup. The first target, a Head test of the Head and Shoulders pattern. With ETh at all-time highs now small caps breaking resistance from long-term support risk on is back in vogue. At least for now.
TRX is essentially a penny stock with a cute story for crypto. No one should be trading something like this. Cute stories = loss of money over time. All degenerate gamblers can tell you about their great stories of how they beat the casino. None will tell you about their ongoing losses. Having said that, this chart is good for teaching charting and risk-reward....
On April 19th I posted this "ETH looks even better". I drew out the likely waves to follow and structure on that day of what we can expect. The drawing has not been touch since and here are the results. Now If I could do that about everything daily I would be a billionaire but the reality is I can't. The point is people should really learn how to read charts...