Happy Saturday to all traders! I Respect the GRIND. Today I happened to take a look at Cannabis and the chart looked fantastic, let me know what you think: 1) Cannabis has been in a rising wedge pattern, which almost always shows a upcoming breakout. It is also at the end of the pattern, so it should happen soon. 2) Secondly, 20 day SMA crossed above the 50 day....
Today we are explaining the Business Cycle. The business cycle is pretty simple, and only consists of 4 major stages. We decided to describe it using intermarket analysis, and analyzing each asset class. There is no place where the cycle really begins, but we decided to start at the recession stage. This happened because of the pandemic. During this stage,...
The S&P 500 was down almost 3% yesterday! Big name stocks are falling, and it seems like there is no good stocks to run to. Well, the airline industry might actually be the best place. In march 2021, they started to peak and took a 15% correction. Now, rising rates could actually be good for them. This is because rising rates show a sign of economic demand or...
I bet that’s what every trader has been wondering. This is because we have seen Tesla just hitting support and resistance over and over again (for months), and nothing ever really happening. Well this could change in the next few weeks. I believe Tesla could be stuck in a reversal pattern, where we will see the price start to fall. The first reason is because...
Hi all, as you all know it has been pretty depressing for crypto the last few months. But we pushed through it and handled the pain. However, there might not be any more pain. In fact, there might be a crypto breakout coming. So this is my analysis: Firstly, Crypto peaked in mid-April, and since then has been falling. However, it found a long-term support level...
Hi all, I was looking at global interest rates, when I came across this idea. This is the Japanese 10 year interest rates. Historically, Japanese rates are super volatile, while US rates are very calm and move slowly. Anyway, my Technical and Fundamental Analysis is below: Technical Analysis: According to this charts technicals, it has a flag pattern. In case...
Hi guys, today I will be explaining how to use the Relative Strength Index (RSI) to your advantage. First of all if you have not already, please follow me. Okay, so the RSI is commonly said to buy when oversold and sell when it is overbought. However, this strategy does not always work, and can result in you predicting what the security will do. First Step: You...
Hey guys, switched my account. Follow me at Liam_Coyne_Incorporated.
SPX has a Ascending triangle forming. Due to rising rates and technical indicators, it is due for a correction. It will most likely fell to the previous resistance level, which will act as support. Be ready to watch for the break of the triangle! Thanks, like and follow.
Hi guys, you should expect Bitcoin to hit support soon on a long term trend line. It is give or take a 15% pullback. As you know you should always buy low and sell high. So, if you see this pullback, then it is a great buy. After this pullback, nothing is stopping Bitcoin! Bitcoin to $100,000! Thanks, like and follow!
Please post a comment on what cryptocurrency you think will be the next bitcoin, and try to give a reason why. Thanks, like and follow!!!
Ge has developed a bearish flag pattern. It includes a pole and a rising channel. Secondly, in my illustration I marked a possible exhaustion gap that occurred right when the bearish pattern started. This is it, but make sure to watch and see if it breaks below the support line. Please like and follow, thanks!
The Japanese Yen had a rising wedge for the last few months, though lately they broke through support. Now it is at a small time support level, waiting to be broken. Make sure to watch out for this. Please like and follow, thanks!
Gold has been in a falling channel, but has bottomed out (possible double bottom). Secondly, the stock price is flat though the RSI is using which shows there is built up momentum, and is a bullish divergence. Lastly, if you want a confirmation, wait for the MACD bullish cross. Thanks traders, and make sure to lookout for gold. Don't forget to like and follow, thanks!
PCTL is in a consolidated channel that has a possible breakout. Firstly, we see nice rise in the RSI. Most traders would think this means it is overbought. Though it actually shows a bullish divergence, and shows there is built up momentum. Secondly, the MACD has a bullish cross. This shows us that the stock is likely to rise. It is up to you traders, but PCTL is...
Bitcoin is consolidating in a rising triangle. The trend should continue up, but the RSI is decreasing. The stock will most likely not breakout, and breakdown instead. Thanks.