Remember that you only need three points to paint a CHANNEL. June's bottom was predictable and it is now confirmed that the price will likely continue to hit the dashed SHIFTING POINT OF CONTROL from the technical perspective. I rarely speculate on news in forex markets, but fundamentals are so strong for this pair, that I can not ignore them.
The South African...
In the short term a SELL, in the long term a BUY!
SELL/SHORT
ENTRY: 5.08 EUR
TARGET: 4.35 EUR (+14%)
STOP: 5.55 EUR
1.) Medium-term resistance level at 5.20 EUR seems to be too strong for the actual company situation!
2.) This stock could be of great interest to investors looking for returns.
3.) Now it's getting political!!!! The German government's...
Just checked WallStreetBets and they are striking again. I want to make a few points.
• Before opening a position, it is good to have an exit strategy.
• Successful market concepts are often built upon the recognition of institutional accumulation and positioning oneself before it is over.
• Market doesn't care about one's ideology or the news (unless it is...
I had a few friends that lost money investing in NYSE:BABA for their upcoming Ant IPO. The reason Alibaba stock got crushed was pretty apparent to me and I wanted to do an illustration on Tradingview so that others can have the knowledge going forward in their own investing.
USDCHF D1 - Carried forward from last week, big daily S/R structure here, seen the downside break, looking for the subsequent retest and to find resistance at circa 0.90400. No stacked confluences here, just a simple break and retest of daily S/R, daily candlestick confirmation would be a must. Probably be more inclined to use this pair as a comparison pair, to...
Before we begin with this analysis... This time it is suited for people who are playing the long game...
All ideas that are expressed are of my opinion and interpretation of the political situation.
So...
While the world waited anxiously to see who will become president - so did equity markets.
On the technical side:
A Triangle pattern has emerged on a...
The aftermath of the election
The presidential election is over, so it is safe to start trading again?
First of all, as of writing this, we actually don’t know yet who has won the Presidential Election.
As of this morning, Biden leads Trump in the Electoral College 264–214, and we are waiting for an update to see who won Nevada.
If Biden wins Nevada, this...
The S&P 500 has had a violent rebound from Friday’s oversold levels. It’s rallied more than 5.5 percent so far in the week, the index’s best three-day gain since early April.
The bounce has brought prices back to a new level that may be resistance: 3465. This was the high on October 21 and near the close on Friday, October 23. (Daily and weekly close.)
The level...
Hello traders and analysts,
Basing the QQQ upon the Nas100 - this is the fund version.
We will be seeing two areas where price will fall to over the election period.
No write is needed as our previous analysis's on SPX, DAX, FTSE cover all information.
It is earning quarter, but the political and social landscape of the US is something to consider and not over...
S&P 500 Index (SPX) (October 26th through November 9th 2020)
Low: 3362.9 points
High: 3455 points
How E-mini futures market started off yesterday:
My previous SPX forecast:
My adjustments today are more to correct the trajectory and duration I was originally expecting. Will be interesting to see how this spooky week turns out. Time for temporary...
Tesla soared in August and consolidated in September. Now it may be poised for a breakout.
As we highlighted on September 25 , TSLA was forming a triangle with potential for a move toward $440. That panned out last week and the stock has gone nowhere since.
But Elon Musk’s electric car maker could be doing some important work along the way.
First, TSLA is...
Technical Analysis and Outlook
As noted before, the small-cap Russell 2000 index is an excellent overall market indicator; The index shows us resuming it the Main/Intermediary uptrends since Sep 24. A buying zone is identified at Mean Sup $1,502 , with the exit at Mean Res $1,553 and Mean Res $1,591, and completed the Inner Index Rally marked at $1,602 ...
The "collective consciousness" as some have called it in the past, the market is an almost perfect diagnostic tool for determining where we are and where we're going. Millions of minds in their buying, selling, and even political voting decisions determine what we value as a society collective. We can see this everyday on charts — the price of stocks, bonds,...
The death of socialist United States Supreme Court Justice Bader-Ginsburg is a wildcard thrown into the mix during these difficult times. The reality is, President Donald Trump and the people working towards the elimination of the Chinese Communist Party will move to install an upright Supreme Court Justice in advance of the November election, as much of whether a...
Elliot Wave Theory basically says there are 5 waves up and then a correction. The size of the correction depends on the time frame and size of the waves. The chart gives my interpretation of the price action. This is subjective and like all complex images different folks see it various ways.
IF my interpretation is correct we are at a major critical point....
Apple has hit the peak and now sliding down to the following zones.
The eyes - are sell targets
The eyes - are potential buy zones.
Why are we selling?
The reason is - over exposed buyers, tech stocks need to retrace.
Price is expensive and volatile - during the election and huge interest in the previous months up to September.
The election is coming closer...
