LOL! 😀 Right this is an amazing thing. You could see whatever you want in there. Is it a scallop? Is it an inverted cup and handle? Or if you're mathematical it could just be a curve. Some may even see a double bottom. With trading, you can see what you like. The formation may mean something or it may mean nothing. It's attractive though, so something could...
It was 69 days of real hell, as Bitcoin crashed to a 61.8% Fib. Some will recall (or not) that I had said the daily trend switch was important. I was not flavour of the last 2 months for sure. Was I a doomsday predictor? I was not! The chart said something - not me. And now there is mounting excitement at the 61.8 Fib. Depending on which news you read, you...
I show two zones of advantage. The first has happened already. Those looking to short the DAX may be interested in another zone. Certainly shorting after a significant fall is not a great idea, especially as bulls may be looking at a possible double bottom. The zones do not mean that the market has to obey them! The zones create probabilities. An additional...
The choice is yours - you can see it any way you like. The technical features here are: 1. Reducing peaks of squeeze momentum. 2. Recent RSI is below 50. 3. Rejection of 4H ATR line. 4. Large area of consolidation. Caution: none of the above means that price has to crash. Just to be clear - price could well go to the moon. The technical situation in my...
A pattern with Gold could repeat. No predictions. Get ready. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following...
It's a kill zone. But wait - that doesn't mean that if you short in the kill zone you're gonna make loadsah money! It means that you need to be able to afford the loss. I never hide potential losses in any set up. Trading is about risk of failure and losses, so I always keep that in focus. One does not have to trade a 1D time frame. There are numerous...
Some may not be aware of the importance of lumber price movements. Basically lumber rocketed like nobody's business, then crashed (>50% correction) pretty quickly. This post is not an analysis of why lumber prices rose so crazily. Viewers will need to do some background reading. The collapse was the worst seen since 1978 . That's something to chew on. In...
It's not quite a head and shoulders just yet. This is about watching for potential situations and preparing for them. As I showed in other charts, sometimes we can get a a second right shoulder in ultra-bullish markets but there is no law on what can happen in these markets. Readiness is (almost) everything. Disclaimer: This is not advice or...
In the vid, I overview interesting moves in the DJI. Tensions are rising. The latest market burn down doesn't look great for the FED. But.. but.. when you have access to literally and endless supply of money, you can do whatever you like (almost). The FED has been throwing money into the so-called economy in the hundreds of Billions per week. I'm using economy...
This is a short and different take. The DJI could be about to correct - significantly. No promises. The Heiken Ashi candles are telling us something. Sound traders will listen to their 'voice'. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions...
A dollar surprise can still hit. There is a last line of defence for the Dollar. Price has come into a structure area, either a double-bottom or triple bottom, and the 3D ATR line is just below price. Some say that the US Dollar is bound to crash. That's not necessarily true. Read up on 'Dollar Smile Theory'. Disclaimer: This is not advice or...
This looks like a channel, so I say it is a channel. The interesting thing about channels is that you will almost never get all price points on the lines. Price can break up and out then return in, or break down and out and come back in, or break totally out and stay out. But it's an opportunity for those who plan carefully. Stay safe. Don't get the Indian...
A potential kill zone is shown. DO NOT enter if you cannot lose money! It's this simple: price below amber 4h ATR. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of an advantage. No predictions and no guarantees...
This is a simple structure level situation. It's at what seems to be a resistance area. There are no predictions here. It's this simple: if you can't lose stay out. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and not intended to assure you of...
This is indicative - not predictive - of a reversal pattern. See-saw patterns at market tops and bottoms generally mean something. What that means is 'be careful'. What more can I say? Nothing. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions and...
More and more my posts are about controlled losses. I'm doing this because trading is mostly about controlling losses. Seriously, it is about taking affordable controlled losses at key areas in an instrument. This 3D time frame may not be the one to trade in. The value in higher time frames is about advanced vigilance for potential reversals of trends. A...
I didn't say that this post is 'red hot'. And I don't know if or when the housing market is going to crash. The captioned question in a popular search engine rose 2,450% in the past month! That must be super red hot! What's the RSI on that? 😄😂 Expand the chart by pressing the + icon, for a clearer view. There is extreme chatter in the blogosphere about housing...
Oh boy! Where were you when all this was happening? Cannabis (aka weed) stocks as a group set to take off. This could be bigger in percentage terms than Biotech pumps we saw in the pandemic period. As some will be aware major changes have been happening in the USA and Canada to 'legalise' certain aspects of cannabis. GTBIF and CURLF were ahead of the race....