DESCRIPTION: The chart above is an analysis of the VIX and it current pattern formation of a SYMMETRICAL TRIANGLE FORMATION .
POINTS:
1. Strong Support for VIX at 19.50 with current Demand Pocket Ceiling for FIB is at 25.
2. Move should occur by the 9th of January as price action would have to compress a lot more by then.
3. Current overall trend is a down...
As you can see from the title, GJ is in a very crucial area. GJ has rejected the D/Pivot level, retested has fallen down to the 4H/Pivot level. If buyers step in here, we can see them re-test and potentially break through the D/Pivot level, marking the end of the corrective wave and the start of an implusive wave out.
On the other hand, if buyers fail to step in...
Strong break of the flag on RBLX, yesterday price action was solid. A break of $90 and I think we could see a retest of previous highs around $94. $90 is crucial point to see if it could hold the trend or else rejection might happen. RBLX is one of Cathie's Wood favourite stock as well.
Under the black horizontal lines, huge volumes.
Above the black horizontal lines, huge volumes.
Between the black horizontal lines , volumes are lower, calm.
The blue uptrend line mark the trend, general trend of the market.
But, on the 17th of September we have seen forces coming into the market to push the market down under a very important point.
Now we are at...
THE MARKET COULDN'T KEEP THE UPTREND THAT STARTED ON JUNE
LOOKS LIKE A REVERSE IS GOING TO HAPPEN
I CAN SEE THE MARKET FORMING A HEAD AND SHOULDER REVERSE PATTERN
THE RIGHT SHOULDER FORMING CORRELATES WITH MY FIBONACCI 61.8, 1.3 CRUCIAL ZONE AND A RETEST OF THE BROKEN TENDLINE
OVERALL I HAVE BEARISH BIAS ON THIS PAIR BECAUSE WE HAVE AN UNCLOSED GAP AT 24...
- BTC is moving inside a channel for more than a year
- Close under this channel could be a very bearish signal
- In that case likely to bounce off support before travelling further South
- Bounce off this channel could mean bullish momentum for the following days
- We want to see a clear close above resistance with enough volume to push price further North
We are at a crucial support, if the support hold we are going to see massive profit.
If it doesn't, we could see substantial loss.
Break the support on the 4h chart would be a signal to sell and buy back lower.
We are at the most important point of the last weeks. If the support hold we should see the beginning of the wave D which will be a bullish signal. If the support doesn't all, we gonna reach 8500 area or worst.
For the first time daily MACD could sent a bearish signal
RSI is shortly oversold.
People should wait a little before take any position.
Crude Oil is currently trading around the 38-39$, as weekly bias for this week remains bearish as long as we are below 42.14 - 42.83 Pivots as Crucial Point with fibo50%.
a move up above 43$ would be a bullish signal and indicative of a resumption of recent bullish gains.
* Im not trading this , just internal use*
