Summer is a period when many investors and traders go on vacation. Accordingly, trading activity is reduced sharply. On the one hand, this leads to a decrease in liquidity and the emergence of the so-called "thin market", where even relatively small volumes can lead to serious changes in asset prices. But on the other hand (and this is a more general practice),...
Greetings all as we enter Summer in the northern hemisphere we are able to identify some important SUPPLY and DEMAND zones, shown in yellow and our usual Gann fans, Fibs, wedges/triangles and our trusty RSI showing us possible paths it has been shown to me and few others every 6th of the month has been a major pivot point, so will this come on the 6th of June...
BTC/ showed weakness after breaking multiple trend resistance lines. After the bullish move we saw a few weeks ago where bitcoin broke the longterm trend resistance, everyone was hopeful again. Nevertheless, we are now testing it as support at a much lower pricelevel. I expect the bear trend to continue during this summer to finally look for Queen trendline.
Back to the basics with this one. RSI and MACD are forming bullish indicators. Price is consolidating nicely and should continue to test the upper resistance. If it breaks through I'm looking for big retracements. We've seen similar huge leaps in price so here's to hoping history will repeat itself. I'll keep updating as we move along. *Delgado*
Has been consistently beating on earnings report, and it's looking poised to go on a huge bull run this year. Gains will occur this season, summer it will be a bulking phase, carbs are welcome at this time. "If you can't handle me when I'm bulking you don't deserve me when I'm cut." Can this stock double and hit 5? it's a possibility and a high one
everyone turned bearish again... -.-
I wasn't convinced about the crypto bubble till recently. I went and looked at the last few summers and there's always a bubble when students get out and then it fades as school becomes more serious. Fits some of the crowd I think. Anyway. I looked up the stages of a bubble and felt these looked pretty accurate. What do you think?
S and P 500 Vs Dax and Cac. Both Europeans have made major breakouts today and have over 400 points upside in them over the Summer with great charts. They're going to continue to outperform the S and P now with the French election is a foregone conclusion. Don't stand on the sidelines. Follow it before it's too late!
Scenario 1: Breakout above 1,265 USD and bull run towards 1,300 USD. Then consolidation between 200 MA and 1,300 USD Scenario 2: Consolidation around the 200MA until early summer. Then breakout. Scenario 3: Another deep pullback within the triangle. Breakout above 1,265 USD later in the summer.
This trade requires EURUSD to pull back to be able to increase risk-return and place s/l properly. Wait for pullback and bounce off the 1.1200 area for confirmation. Confused Fed and summer time for EU gov's are good combo for EURUSD to test pre-Brexit highs.
Consolidation Step - one idea. Trade ideas posted are only my journal, not a recommendation to buy or sell. I do appreciate all views be it a like or comment. Thanks