just now This is some major support at 49. it looks like it wants to go trough it, testing it multiple times. We have had a nice retrace up to 52 and is encountering it's downtrend since the crash in march. This downtrend is strong, and with the crash in oil it is draging the markets down. We having a negative RSI divergence indicating a price drop. BMW, just...
Taret 32$ reached in Uranium. It is showing a lot of strength. Next target is 40$, but a retracement lower is possible, altough very hard to predict what the next move is. The last bull market in uranium was 20 years ago in the year 2000. And i think this is the start of the new bull market . Entering early will prove highly rewarding in the future. The...
BUY THIS NOW!!! What trading instrument are you using?! can't find any !
isn't the saying Buy Low, Sell High? Well here you have it. the lowest since almost .. ever. The Risk vs Rewaward is extremely favorable for Reward. Can it go lower? sure it can. Make sure you can't get liquidated. I don't see oil going below 4 (just to be sure).
Energy buildup = violent move The end off a penant = decisive move! happens more often then not. Trading psychological levels. How is the majority trading? It is all emotional. Stock market = reading the mental/psyche/emotional health of the herd. Also markets want to 'fuck' you over, carefull of false moves! Nothing is certain, they are all probabilities with...
Determining entry and leave positions excercising restraint, patience and sticking to your analysis is key to being a good trader!
Nevermind my chaotic chart. DJI has had a nice upward retracement to the 50% fib level at 23800. Could retrace further to the next fib lvl at 25200. Enter short between those. I dont think the DOW can exceed the 50% fib level, as that is seen in many markets. 200 weekly MA is at 23700. A weekly close (today) below 23600 would be bearish, since we then have a red...
This is one for the long term. Uranium went from 150$ to 18$ and is now trading at 27$. Broke out above it's 200 weekly MA and 200 daily MA. Seems to be breaking out of its black support/resitence line. and respecting it's red uptrend since 2017. Uranium is also 'clean energy' with no/low CO² pollution. Countries are still building more nuclear power...
The EURO is so bearish .. it's unreal. Fundamentally a currency reflects the state of the country. There is not much to gain confidence in the euro. Since the crisis off 2009 the ECB lowered the intrest rate to combat the crisis. now, 10 years of failed policy later, we still have that 'emergency policy'. Intrest rate are ZERO and many short term eu-country bonds...
Fundamentally The market is overreacting. Stop losses are being hit, algorithmic trading putting the market down. unable to repay margin calls, SELL EVERYTHING is active (partly to raise money, fear).. Technically Montly RSI = 30 Udervalued. Perhaps going into Extreme Undervalued. 200 Montly Moving Avarage = 15150 2016 lows retesting the high off 2007 "from a...
Kopen ALS de Colruyt hoger gaat op 16/3 - verwacht een 'relief rally' - nu 39% drop Low RSI, positieve RSI Divergence Support/bounce op long term uptrend (4). Goed in het nieuws gekomen. omzet zal stijgen door coronavirus. botst op 2010 high & 2017 low (double bottom?) HIGH Volume drop -> verwacht prijsactie in de tegenovergestelde richting
Would i dare to say? But a potential long opportunity is presenting itself in this very bearish environment.. A summation We crossed the 200 MA to the downside which is a very bearish indicator RSI is oversold - below 20 Important resitance levels around 110 - 90 from FIBO level 0.236 and 'long term' (in terms off crypto) trend lines MACD might be...
EURUSD found resistence at its previous highs 1.17 - 1.16. It did fell below it but rebounded since. Pure from a technical perspective i see EURUSD climbing towards 1.244. That would be a major high. Touching its long term DOWN trend. A perfect time to initiate a small short position. Crossing that 1.244 are wouldnt be an indication off a furthur rise. Beware of...
XRP has had a nice run up. Sold most off it. Buying again @ 0.61 and 0.51
XRP breaking its short term trend. BREAKING OUT!
Maybe u have allready heared the good news for Uranium. Cameco CCJ has shut down its largest mine. This accounts to 10% of global Production. Together with another cut from other companies this totals 15%!! France was going to stop relying on nuclear power. It came back on that promise and will continue to build nuclear power facilities. Asia has a...