Looks like the diamond pattern has broken completely and price project is down to approx 25 - 23. Coincidently the june 16th $23 puts have seen massive action yesterday (3/16/23) and today 3/17/23 Do you see what I see, yes or no, any thoughts otherwise or in agreement?
What do you see here? Personally screams short to me.
This week, Bitcoin has led the recovery in cryptocurrency markets. The Fed's indirect monetary policy expansion has increased demand for riskier assets, which has benefited Bitcoin. The following resistance levels for BTC above the current price levels are $26,750, $27,500, and $28,730. This week, Bitcoin has been on a steep upswing, leading the cryptocurrency...
We now have reached what I would call the LINE in the SAND for the bank sector . You can see that over the last 20 years this zone . But going back to 1971 when the funny money started it looks like we are about to see how weak the system Is .
Just asking for my investing friends ;-) Cuz' this bullish fear pattern seems to indicate something more is coming. Stew
Apologies for the click-baity title, but I did want to get your attention to make (once again) my point that inflation is ON now and that the FED has actually pivoted while many are watching and don't see it that way. Let me explain. Back when the FED started raising rates rapidly I grew worried that at this unprecedented pace of rate hikes, something would...
I will wait for a distribution formation on 1min on EURUSD on the red area, which is a FVG on the 5min tf. I am waiting for it to form around 8:30 NY time and then I will look for a sell.
Interesting situation with the collapse of SVB (SIVB), the people have yet to realize we control the market not the central planners. and the collapse of SVB is a realization of that power. So , here is what i know from the very little articles and podcasts that I listen to and I will give you guys the why its important. From what i know is that SVB business...
While Bank Regulators are trying to put together a package to save FRC First Republic Bank with JPM and Morgan Stanley, other hammered regional banks are looking like a bottom. PACW has a book value of 29.50 and a cash per share value of 17 dollars per share. FDIC Insured deposits account for 40 percent of total deposits, making a run less likely than FRC which...
Hello TradingView Family / Fellow Traders. This is Richard Nasr, also known as theSignalyst. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If...
I am looking for EURUSD to go down here this morning. I think that Unemployment Claims news release will bring it down here. I may fall directly on 8.30 or another scenario will be it mitigates the 1.06500 (bank number) level and than falls. I am not taking a trade the first minutes of the news, I will look for an entry on the 1 min timeframe after it makes the...
The price spring should it break and hold should be fairly large and fast. It currently broke a major trend to the downside and hit an exit. It also has fairly smooth sailing should it break to the upside tomorrow. Exit trade should the blue trend break or should the stock price reject off the red trend. Buy the dips on the trend until it breaks, and then sell on...
Traders, In light of the recent Silvergate and Silicon Valley Bank crashes and the Fed following this up with a guarantee to depositors, its spells inflation on. This gives us a big clue to how the market will respond and continues to support my thesis of a blow-off top in the next few months. Let's take a look as to how we should handle this information. Stew
We have a very strange finding here and something quite different. This is the 10th largest banking corporation in the USA by market capitalization. All the other banks had very similar if not identical charts, the exact same patterns, the same cycles, the same disconnect... TD Holdings, Inc. (GLG) is absolutely different. The stock GLG peaked in August 2020...
Didn't get the bottom but got most of this intraday rally. Went green & we covered all exposure done today. Very nice day! Could rally more but WE ARE DONE. Going to park in a few to hang out with the girls. $TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
We can see intraday that #banking exposure is less on the #QQQ vs #DJI Nibbled on #TQQQ this morning. Don't be surprised if it goes green today, at least short term. We may get some sort of push before EOD, doesn't mean risk is over. TRADING $QQQ $TQQQ #stocks
I started a series with the TOP10 largest bank in the USA. I went all the way through 8 and stopped... Let us finish now. Capital One (COF) is the 9th largest bank in the USA, the chart is also bearish and has been bearish since August 2021. This banking corporation as well as others have been going down for more than a year and the final phase of the bear...
I like this bank, I personally use it and they have been around for more than 100 years I think... I can see now why they are panicking but should they be worrying after being around for so long? The market moves in cycles... After a crash down comes a wave up. Anyway, the main support for the Bank Of Nova Scotia (BNS) is the Fib. retracement level at 64.95. ...