Long term short position on the Dow Jones entered.
Entered at 26750 (26,800 on my broker price feed) which is my previous support now resistance. Lower high, trendline in this zone and Fibonacci Retracement level.
Targeting new lower lows at 25,200
Had 3 trades on gold last week and it was not playing nice. First trade was running 40+ and took a -20 pip loss, we then entered again a took a full 1R loss on this and then last minute at 4pm on Friday and we now running over 80+ and will be looking for new entries on this pair. Ive seen there is more china news speculating over the weekend and we have seen gold...
I assume based on Dows failure to rally, perhaps this is a sign that market wants to turn around
At each test of resistance, after dropping more than 500 points, the market has continued to push bearish as well as the Divergence also validating the direction.
DOW30 - Intraday - We look to Sell a break of 27325 (stop at 27425)
Price action resulted in a new all-time high at 27403. Momentum is stalling with the posting of new highs and indicates bearish divergence. Prices have reacted from 27400. The overnight rally has been sold into and there is scope for further bearish pressure going into...
The S&P is now continuously making all time high in its freshest burst of price discovery. This is more of a speculative trading pattern, a rising wedge which indicates there could a break down to 2950, and maybe down to 2750 support.
However, in strong markets, what tends to happen is price breaks out upwards out of a rising wedge. This would indicate serious...
Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Trend line resistance is located at 26890.
Bespoke support is located at 26725.
There is no clear...
US30 - Intraday - We look to Buy at 26075 (stop at 26000)
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days. The move higher is mixed and volatile, common in corrective sequences. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. With our medium term bias...
Hello my fellow Cryptocurrency lovers, let's take a look at Bitcoin now on the monthly time frame and also how the recent drop in the stock market can affect its price.
So please hit like now to show your support and allow me to entertain you for a few minutes...
Bitcoin Monthly Candles
Here we have Bitcoin on the monthly time frame and we want to keep it...
The dow bull market is over, the coming recession will cause the initial dip in the Dow which will correspond nicely with the upward lower bound trend and fibonacci retracement of around 22000. Then I'd expect a lower target of around the 50% retracement level of 16000 which will be at the height of the next US recession.