I have no idea how the Macro conditions would allow for a fake rally back to $26,200 but the chart says it could happen. If you take the measured move of the bull flag pole and extrapolate the break out, I get $26.2k as a target and its also really good resistance. I think eventually a $10k has to happen to be a true correction.
Micro vs Macro It's a big play right now! If the volume comes in, It could breakout very badly. But following Btc, i think that it will top max around 400 $. That's why the Macro view is for. ----- Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks for your support!
Hello, Let's start with a macro view. Beginning with the 4wk chart, we can see that a doji star has formed. On the 2wk chart, we are nearing the end of a hanging man. Here, the Money Flow Index is overbought and heading down. The MACD is also showing signs of weakening. Zooming in closer, on the weekly chart, we can see a bull flag formation. The bottom of...
JNJ micro picture currently contradicts macro one. On long term basis, JNJ has held the test of 10-year trend by falling below and then bouncing back up above the 10-year uptrend border (marked by 1st standard deviation from 10-year mean, now at 91) On short term basis, however, price has fallen below 1st standard deviations from quarterly (66-day) and 1-year...
Exxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st...
GBPUSD is on risk of a macro breakdown (see related chart) On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean) Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375)...