I suspect the market will go towards 8000 before will make a major correction to 61.8 fibonacci and drops to 5800. I based that on previous market movements since 2008.. The move won’t occour as smooth as on the chart, we can have very choppy market for few months before we reach 8000. Of course I might be wrong, don’t take it as a trading advice
With Russia being excluded from SWIFT, Russian payment will probably go via China. The Asian market is opening soon, I expect European indices to struggle this week in favour of China, and NIkkei225 could drop again to test recent lows. Technical indicators don’t entirely convince me about bullish momentum on China50, it’s solely based on funtamental analysis,...
Does anyone else notice this dangerous pattern? With Russia further sanctions, two BP directors resign, and it’s just the beginning before markets will settle after recent events…. I see big sell opportunities
It reached very strong resistance TP1 - 2700 TP2 - 2600
We went higher but RSI is losing momentum. It’s time for correction. TP 7450-7200
AIG was struggling for a while now but I think it has potendial for trend revelsal, if we close above 165 on daily chart. MACD is still positive and I believe RSI can build up the momentum to push it up.
RSI is pretty low, MACD can have bullish cross soon but it’s in negative territory. Today’s candle stick is not very optimistic but I think we can go higher to 563 before we drop lower.
HSBC is oversold, divergence pattern on daily chart + doji candle. I expect drop to 50EMA - 480. If BoE decides to rise the rates tomorro - we will test 200EMA
Scottish Mortgage is currently in bear market. MACD bullish cross suggest we will try to go towards 200 EMA around 1328 but that is a strong resistance. RSI is pretty weak. Pesymistic scenario: we test 50 EMA around 1250 and go lower (but 200EMA more likely) I think SMT will stay in bear market this year
There is a major resistance around 8838. Will it break? I don’t think so but it’s worth to follow news tomorrow on ECB rates decision. Definitely we’re living in the times of great economical uncertainty
I’m not a fan of FTSE. I don’t think is very exciting to trade but at the moment looks like the market will go up- if BoE won’t rise the rates tomorrow. RSI, daily candle stick and MACD are bullish and I do believe there is enough momentum to reach new ATH - but wait for rate decision Thursday 12pm.
I like this market because if you have the right set up, that can be very profitable. And it’s not as volatile as NAS100. As of today it’s interesting situation. We have bearish candle stick - but not very strong, MACD - bullish crossover coming soon. RSI is in the middle but doesn’t have enough momentum to rally to the upside. Russia/Ukraine - we’re not sure what...
NORSEK is slowing down. I don’t think it will go all the way down to trend line but somewhere between 50 and 200 EMA. Divergence is forming on daily chart. Looks like MACD bearish cross over is about to happen.
There is a lot of resistance near 90 area, not enough momentum to break it. Possible pullback towards 50EMA- on 4 hrs chart divergence is forming.
Too late too buy, the oil is becoming overbought and also USD is weak so price will still go up. I’m waiting for divergence to enter sell trade. Based on previous rallies this year I expect 87-88, and maybe even 90 area in early Feb (definitely will be watching closely when it gets to 85). Once the dollar gets stronger, the oil will go into correction. I’m only...
I opened short position, TP1 - 1.0200, TP2 - 1.0100, based on indicators. It’s the first time I’ve invested in this pair but it seems like nice small profit. I’m not professional trader so please do your own risk assesment.
Only for educational purposes, I’m not a professional trader. I want to see if I’m right. Based on what I observed in 2021 and Elliott Waves. We’re about to see the third wave(after we finish with the second) which will be longer than ‘Santa rally’. I expect market to go up until some time in March. Then we will start a correction phase ending some time in...
The market just reached 50EMA, I am surprised it went that high and we might stay here for a while or drop slightly. I expect another bullish attempt towards 9000 - I will be looking at sell position then Please trade carefully, I’m not a beginner trader, not yet a pro