Good evening and i hope you are well. Markets want green across the board and that means acceptance. Bears can’t deny it because they are not doing anything to stop this so higher prices are the higher probability here, no matter how overbought everything is. The only possibility i can dream up currently is that this quarter was so utterly overbought, that we...
Imagine You buy a stock or business, that You think was undervalued based on the "circumstances" and that you think has great value. You bought this at 1$, during 2020 November alongside with the oil rally. Nobody knows the price. Everyone has a price target... Imagine my price target was 7$ - based on the previous highs. Chances are everyone will look at it the...
Good Morning and i hope you are well. Last week the dax bulls created a potential exhaustive very big island gap, US indexes ranged at the highs, gold ranged after the uber bullish move up and oil did exactly what i have been writing for many weeks now. No matter how you want to draw it, Nasdaq made lower lows, printed 2 consecutive weekly bear bars (last time...
Traders, Bitcoin is likely to start making daily lower highs this next week. Of course, we have another FOMC meeting coming up which will add a level of uncertainty and possible volatility. I have been hoping for a retrace down to that 64.8k level (ascending multi-year support/resistance) and I think we'll get it. Above I have the proposed path that price might...
Good evening and i hope you are well. Markets another selling round today, after the much higher than expected US PPI created big bear bars that were quickly sold, just to break below again. Bears then could not keep the momentum going and most markets ranged afterwards. Oil did exactly what i said it would do for many days now and the 82 target is within...
Good evening and i hope you are well. wti crude oil bull case: Bulls stayed above the daily 20ema which is around 78, they bought where they had to and today was strong enough for at least a second leg, which would bring us back to 81, which is last weeks high. I still expect 82 in the near future. If we get a third leg, that’s the obvious target. The fact...
Good evening and i hope you are well. tl;dr: do or die here at 170 for the bulls. If we break below the bear channel line, bulls covering will fuel this further. Strongly bearish. Last week i wrote the following: "bear case: Price action wise was this a wedge bear flag which broke down and now market will test 175 if there are more buyers than sellers. Not...
Yes bank can be to the sell side in upcoming time, because the price action is showing the selling pressure therefore...
Yes bank can be go more selling to the downside to the price of next support line 16 rupees in upcoming time
Good evening and i hope you are well. bull case: Everything above 2100 is uber bullish because most long term bears already covered, so we could range much more at the highs. Bulls see the sell off by the bears today as weak and they keep the buying pressure on. If you look at the 1h chart, we currently have wild swings up and down on some 1h candles. Some are...
Good evening and i hope you are well. The FX markets are not exciting, since most central banks are doing nothing but waiting currently. Short update it is… eur/usd Quote from last week: bull case: Bulls bought where they needed to because if 1.08 would have failed, that would have been a clear sell signal and 1.075 would have been next. Now they need good...
Good day and i hope you are well. There is a theory of markets, that the ‘Generals’ usually lead the way for the next impulse. I have no idea about the proven probabilities of that but let’s just talk about some big stocks here, which supports my bigger bearish market thesis, that this still might be the blow-off top at the end of a very long ongoing bull trend...
Good evening and i hope you are well. Today bulls got another very strong day and either retested the highs or made new ones. ECB paused as expected but markets did not care one bit. Just bullish price action since EU open. Tomorrow more macroschmackro data which could lead to big spikes on a choppy week. I can not rule out market will interpret numbers bullish...
Good evening and i hope you are well. After yesterdays bear surprise (no new ath - big surprise), we got an expected inside bar on most daily charts. I expect another leg down this week, followed by more trading range price action (could chop before too though). nasdaq bull case: Bulls want to reverse the sell off from Tuesday and keep this a trading range at...
Good evening and i hope you are well. Today most markets showed some restraint and bulls actually began taking profits, which is very unusual for the last weeks, to say the least. We don’t know if bulls will be more cautious buying at the highs this time and we go more sideways or bulls will continue the pump further. I will give an update on Bitcoin tomorrow on...
Good evening and i hope you are well. I did not adjust my wave outlook since 2024-02-11 and so far it's pretty perfect. My thesis is we are in w3 and this will be a treat. Late and perma bulls are still long and or will buy 180/175. So if this bear channel breaks down, the short covering will be epic. Market was/is at the strongest and this stock is in a broad...
NSE:TATAMOTORS has achieved a Higher High and entered into the All-Time High area. This is a reflection of a Strong Up-Trend. The expectation is price will continue its upward movement by creating Higher Highs and Higher Lows on the candlestick chart. Based on Fibonacci Calculations I predict that the Target will be 1014 which is approx. 60.10% Return on...
Good evening and i hope you are well. Quote from last week: Bulls got their major trend reversal and i conclude the bear trend from the 2023-12 over. I drew my next best guess on how this new trend could play out. It’s a small trend inside a bigger trading range, so it will probably be choppy and weak. Bulls managed to trade above the daily 20ema and made it...