Coronavirus recession will come next and is going to be huge. Use reverse fibonacci level to constitute a long term short position...
Deutsche 10y treasury to go down even more ....
Netflix is one of the companies that benefits from Coronavirus crisis. The stock has been in large consolidation pattern for a while. NETFLIX has stayed in its consolidation pattern even during the recent extreme volatil market conditions.
While Coronavirus is spreading and the economic consequences are still uncertain, Gold is getting more and more interest from global investors. This 1Hour set up confirned by daily trend analysis should really be considered for the next few days/weeks. Good trading !!
Get ready to short teh SP500 !!!!!
USDCAD will find a major support to rebound at 1.34. I will then short the 1.3630 zone !!!!
The bitcoin usually rebound 61.8% of the previous market correction. We can also see a Shoulder Head Shoulder in progress ... If the market confirms the chart pattern, we are likely to rebound to 5200 points. As the trend is downwards, I will wait for the market to rebound to short again. But for those who have a current Long position it could be the right time...
The chart pattern will reach its theorical target just below 10 000. However, I think the market the support line around 9 500 before taking a break. At this level, we should experience a market rebound. Here is my forecast !!
In the coming down trend, I would pay attention to those key levels !!
Over the last 2 bear markets, the DAX index went down 75% from Market top !! The market just need 25% to 33% of the time it needed to go up to reach a bottom. We can then expect a down trend up to Feb-March 2020 with a market bottom at 6000 points.
After a long range on a daily chart, the USDJPY has break down an important support and have not reached yet its target. I will only trade the USDJPY short for now unless it crosses over the resistance purple line that suggest the continuation of the down trend.
While in an uptrend, MSFT stochastic and RSI show an hidden divergence. The stock is very likely to go up to its last top at least.