Greetings, dear friends, traders and enthusiasts! Today, let's dive into a chart analysis that uncovers a phenomenon – the formation of a fractal pattern. As we explore the intricacies of this market movement, we'll navigate through key trends and potential shifts that offer valuable insights for our trading journey. On the chart, we can observe the...
Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead. Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years. Combining the "large-time-frame"...
US and European markets saw a relatively tame session to end the month. Major indexes remain buoyant and edge higher even as the USD gains and US Bond yields hold around long term highs. While traders focus on the end of a global interest rate rising cycle, share markets remain risk on. For me, the technical view remains positive for now with focus today on the...
US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of...
SELL SCENARIO Market is moving in a downward direction along with the trend line and price already breaked the support and that support become a resistance and here are chances that market may move in a downward direction following the trendline. if the price moves downward and break the lower support then we can expect a free fall.
US Stocks Rebound As A Result Of Positive Economic Data Key News: USA – Fed Chair Powell Speaks USA – Crude Oil Inventories Tuesday witnessed a notable recovery in US stock indices, signaling a turnaround from a recent string of losses. The resurgence was spurred by positive economic data, easing investor concerns regarding a potential recession...
Hello, Traders! Today, I want to share an exciting technical analysis finding on Aptos (APTOS). A bullish flag pattern has been identified, indicating the potential for a continuation of the previous uptrend, with a target of $20. Let's dive into the details! 📈 Ticker: APTOS 📅 Timeframe: Daily Chart 📊 Pattern: Bullish Flag 📉 Understanding the Bullish Flag...
Hello, Traders! Today, I want to share an exciting technical analysis finding on the cryptocurrency Total DeFi ( CRYPTOCAP:TOTALDEFI ). A rectangle bottom pattern has been identified, indicating the potential for a bullish move in the near future. Let's delve into the details! 📈 Ticker: CRYPTOCAP:TOTALDEFI 📅 Timeframe: Daily Chart 📊 Pattern: Rectangle Bottom 📉...
Greetings, Traders! Today, I'm excited to share a compelling technical analysis finding on the stock of Rivian Automotive ( NASDAQ:RIVN ). A falling wedge pattern has been identified, suggesting the potential for a bullish reversal in the near future. Let's delve into the details! 📈 Ticker: NASDAQ:RIVN 📅 Timeframe: Daily Chart 📊 Pattern: Falling Wedge 📉...
Market Analysis: Global shares decline, dollar recovers as Fed pauses rate hikes; ECB and BOJ meetings awaited. Key events on the economic calendar include: New Zealand GDP (QoQ) for the first quarter. Eurozone Deposit Facility Rate announcement for June. Eurozone ECB Interest Rate Decision for June. US Core Retail Sales (MoM) data for May. US Initial Jobless...
Wait for Choch at the 1H POI and also pay attention to the LQ at the left. Looking to take my Tps from those zones marked out in the chart. However, it will be a trade to watch for a confirmation entry.
Today's market action on NASDAQ Futures (NQM) provided quite a spectacle, as we witnessed an impressive pump that led to a new Higher High at 13683. With limited levels of resistance left in the upper echelons at 13817 and 13995, it appears we're running out of targets on the upside. Additionally, the VIX index is down, pointing to a relatively calm market...
In today's trading scenario, we witnessed a fascinating turn of events. The market initially opened with a downward wick, touching the previous day's closing level and the London session's support. However, the tide swiftly turned, largely attributed to President Biden expressing positive sentiments about the avoidance of the US debt ceiling. This optimism sparked...
BTCUSD could be setting itself up for a buyers territory below with matching fib level. A recent higher high allows buyers to target previous resistance that could turn to support if rejected. - Higher high - Lower low pending - Previous resistance turned support if rejected - Matching fib level at the 50% mark with potential - With positive outcomes for BTC in...
Today's premarket moves for NQM have presented an intriguing scenario. News induced volatility sent us for a wild ride, with a sharp drop back to yesterday's support near 13430. Expecting a bounce and a wick fill, the surprising strength of the subsequent upward push—smashing through the main resistance—has taken us into relatively unexplored territory. With the...
Looked like the bull wanted to step in. But this level of resistance between 27 and 30 is no letting up. IMO the bears look a little stronger. Im waiting to see what this week will bring. Id like to see price bounce off this lower triangle. If price fails to do so then we could see another drop to 20k. We need a Mothers Day Rally
My insights on the current crypto market, highlighting potential double tops and BTC's struggle at a historic resistance level. Understand how to manoeuvre through uncertainty, set a stop loss, and be prepared for other possible outcomes like falling wedges and continuation patterns. Don't miss this essential guidance for trend followers during this bull run!...