RizeSenpai

RizeSenpai

There is a Bearish Harami at the HOP level of a Bearish Bat with Impulsive RSI BAMM Confirmation. Alongside that, we also have 2 Major Squareups significantly below the current level and also an unfilled gap. If these Bearish Signals at the highs are to play along, this should be the start of an even greater retrace to fill the downside gap and to complete the...

RizeSenpai

USDNOK after giving what has been a very nice performance off of that Bullish Butterfly has now confirmed a Partial-Rise within the Ascending Broadening Wedge it has traded within and now sits just below the 21 and 200-day SMA. We would now expect a heightened chance of the price breaking down and hitting the measured move target down at 9.4 NOK, which so happens...

RizeSenpai

OMUSDT is trading within a Falling Wedge, holding onto a congestion zone at support with heavy amounts of Bullish Divergence on the RSI. If this level holds, I think we might get somewhat of a Bull Flag type of move which would take it up to around $0.40 and also happens to align with the 1.618 Fibonacci Extension from here.

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XRP is currently taking back a Daily Support Zone after rebounding from the PCZ of a Bullish Gartley. Though the setup looks nice, it should be noted that the entry here is a bit late overall in relation to the PCZ so in trying to catch this late move it will be best to use a tighter stop in hopes that the upwards moves accelerates above the Support Zone but if...

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Some weeks ago TLT was trading within a Falling Wedge and Double Bottoming at the 0.382 with Bullish Divergence on the Hourly Timeframe and from there rallied to hit its 0.618 Profit Target. Since then, it has come back down just below the level it started at but in doing so has yet again formed Bullish Divergence near the 0.382, this time on higher timeframes. If...

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The EURUSD is attempting a secondary breakout of a Falling Wedge Pattern at the HOP level of a Bullish Gartley. It is also holding on to the 4-Hour 21-SMA with Bullish Divergence on the MACD. Taking all this into account, the EUR has a heightened probability of confirming a Break-Hook-and-Go from this Falling Wedge to confirm the bottom and begin a 61.8% - 78.6%...

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I suspect as the Japanese Carry trade is pressured, that there will be an effort made by institutions to convert to AUD in anticipation of Australian Interest Rates potentially rising above US Interest Rates, this would revive the more traditional Australian Carry Trade and serve to reduce the downwards pressure put on the Japanese carry trade while also reducing...

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NYCB printed a Bullish Hammer followed by an Inverted Hammer at the low and has Bullishly Engulfed it, I now think there is a decent chance to attempt to use those Hammers as a Support which would act as a macro bottom and perhaps fill the upside gap. I will be buying At The Money Call LEAPS at the strike of $5.00 just to see if we can get anything out of this...

RizeSenpai Updated 

XRT on the hourly has started to form what could be a Bullish head and Shoulders, if it plays out it could result in the XRT making a 0.886 Fibonacci Retrace likely starting before the end of the week. Additionally, the RSI has a Bullish Shark formation which could serve as further confirmation of the low.

RizeSenpai Updated 

The Futures market went down a lot after the CPI release and stopped at a congestion zone which may act as a support level. If it does, I think we could at least recover the $4995-$5000 area, which could be good for Bull Put Verticals

RizeSenpai Updated 

The RSI on the SPY has Double Bottomed while confirming a Bullish Divergence as the SPY was testing the PCZ of a Bullish Deep Gartley, in addition to the RSI Divergence, the MACD has also confirmed Bullish Divergence and it would seem that the SPY may make its way up to the 100% - 161.8% retraces in the coming sessions.

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GBPAUD is pushing above the range resistance and into the PCZ of a Bearish Shark with elevated volumes, at the same time there is a Bearish Gartley formed on the RSI and the RSI is setting up to breakdown while in the overextended zone. I think we will likely see the AUD take back dominance for a few months in many of its pairs, particularly in the GBPAUD and...

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VIX Futures are currently sitting at the 200 SMA on the 1-Hour Timeframe at Resistance with Bearish Divergence a looks to be preparing to go down to fill the gap it created on the spot market, likely after the CPI release.

RizeSenpai Updated 

Costamare has a history of following the moves of the Baltic Dry Index which tracks the charter rates of various different Dry Bulk Ships and recently we've seen BDRY (the ETF that tracks the BDI) double in value and it has taken many marine shippers up with it but CMRE despite trading at good valuations is yet to move out of its trading range which is typical for...

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AUDUSD appears to have confirmed the potential right shoulder of a Bullish Head and Shoulders pattern after Bullishly Engulfing with Bullish Divergence at the 0.786 Fibonacci retrace. If it plays out I think AUDUSD has potential to go all the way up to the 61.8% retrace at $0.70, from there I think the bearish trade would continue.

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The 30-Year Bond seems to have found support at the 89 EMA aligning with a trend line, it seems that demand for this maturity will pick up soon which would result in the 30-year Yield dropping to around 3.5%. I do however think this drop in yields will be temporary, but the move down in 30 year yields and the move up in the 30-Year Bond Futures will likely be...

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ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards. The Shark pattern here is...

RizeSenpai

Archer-Daniels-Midland is sitting at the HOP level of a Bullish Gartley aligning with support with a Bullish Harami Visible on the Weekly Timeframe after setting record-breaking weekly volume into the test of the Support Zone. ADM will close and confirm the Weekly Harami in less than an hour and from there we would expect to see ADM make an effort to fill the...