congress providing fundamental promise with passing a bill that could influence markets to buy this ETF, Technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from oversold levels, setting a stop below the recent swing low allows for a technical trade plan that removes emotion. The simple R/R lines up with the bottom...
Nancy Pelosi bought calls for these companies... what more do you need to know?
Break of 4 month downtrend in a big way. Bipartisan regulations in congress.
Double bottom on the daily. Cannabis regulation in congress.
NYSE:CMC - this company is in the correct sector to directly benefit from the infrastructure bill. It is forming a Cup basing formation. If the market reacts positively to the news of the Infrastructure Bill getting signed, the vertically integrated steel producer stands to benefit from all of the national construction products that will ensue, especially if...
The US debt problem has caused increased weakness and caused a downtrend since October open ! The problem has been stemmed on by many people in congress and i have little faith this problem will get resolved fully in a timely manner. While this is bad for America , this would provide the perfect opportunity for a parabolic leg in crypto and potentially increase...
We've been on quite the bullrun this year. I think it's time to go short. Technically: For the first time this year, we have fallen below the 50ema on the Daily and failed to recover above it. We normally recover same day or next but its been 6 trading days below the 50ema. We made a lower low in June which signaled a sign of weakness in the uptrend. Now we are...
WKHS (Workhorse Group, Inc.) is a swing-trade idea that presents the following (Bullish) conditions: 1.) The 5-day moving average is about to cross the 21-day moving average price. When short period moving averages cross above long period moving averages, it tends to indicate an upward price movement. 2.) The monthly "Moving Average Convergence/Divergence"...
From the beginning of the year, a downtrend in H4 gold began. It represents a correction of the rise in 2020. And the main question always, is it time to buy or will we see another drop? It will become clear today! We are currently facing resistance from the trend line, as well as resistance from previous peaks. This is an opportunity to look for a new...
What is up trading family, Comin back at you with my December 20th , 2020 analysis on XAU USD. This week we are watching for the market's reaction to the vaccine rollouts as well as congress approving a stimulus package, in relation to the resistance zone we are nearing on the weekly timeframe. We will continue to hold our positions and monitor gold's...
Hello traders! I hope you are having a good week. We will follow up on the analysis from a few days ago talking about the recovery or fall of the US dollar. We can see how the market ends up confirming the bullish flag pattern, also breaking the weekly resistance (in blue) located around 1.2200. It is still possible that we are facing a false breakup before a...
facebook bout to take a dip and make asuper hard run to 300 in a day or two after congress shuts up about social media and hand out or stimulus money!
This is a NIFTY 50 chart mapped in terms of Dollars. This is how I feel the FII & FPI look at our charts and measure their CAGR in Dollar terms. This is for educational purposes.
Today we are talking about a possible demarche by the Irish Democratic Party and, accordingly, the text of the treaty that could be not approved. Therefore, the GBP movement stuck. On the one hand, growth needs to be continued, because on brink of Brexit deal, on the other hand, everyone suddenly realized that the deal still has to be approved by the Parliament of...
The best day for the pound over the past six weeks. Sum up, the result of its growth was the highest among the 30 other currencies on FOREX. Causes - a general correction in dollar pairs and possibility of Brexit progress. It is about the progress in the negotiations between Government and the leaders of the opposition Labor Party. As a result, by the middle of...
April 12, 2019 is the official Brexit date. There are two options: leaving without a deal (both are afraid of it, Britain and the EU, therefore, we regard this outcome as highly unlikely) or a delay. In our opinion, the second option is alternative. It is all about the terms. The EU summit will show whether it takes a year, as the EU wants, or a couple of months,...