I find this interesting about the traditional market - thought i'd share. From the looks of things based on Eliot wave pattern count, it does look like we are at the top of a 50 years market circle. There is only so long the market can defy gravity before things come crashing down. Looks BTC may indeed be the safe haven. At this time, we are stuck at 7,200...
ENTERED AT 1.2799 WITH A 15 PIP SL AND 30 PIP TP. M FORMED ON 1.28 P LINE
Chart speaks for itself. If this doesn't break to the upside, it's going down. I see no indication it'll go up, personally.
Long SPX500 @ 2,828; TP @ 2,950, SL your choice
Get Ready, Head and Shoulders Pattern forming
We have a 4hr close below the CTL, looking for a retest in the yellow region to sell with profit levels at 1276, 1271 followed by 1266
simple setup once again, no need to over complicate the charts, confluences + great RR provides great chance of profitable setups. Short position from the supply zone at 1.84175, we are over extended & due to retrace. This supply zone gives us the opportunity to do that
EURCAD facing a break or bounce scenario providing good setups either way. A break and retest of the TL for long positions or the more favorable is a rejecting of this TL for a small intraday short position down to the previous low where I'll be looking for a double bottom to form in the yellow range highlighted.
Bearish momentum has slowed down on the 4hr timeframe, also breaking the descending TL, formed and upside down h&s. It's looking to break the neckline and we will enter long positions on a retest if it was to hold.
USDCAD - change in bias after breaking to the upside of the consolidation range, looking to see a retracement leg to the upside. a clean break and retest would give us the confirmation we need to take a long position with initial targets set at the 50% retracement level
EURUSD is coming to touch a strong ascending TL once again, also looking to form a double bottom along with a strong S&R level, giving us enough confluences in this region to look to take a long position after we see a clean reversal candlestick off the TL for confirmation
AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement , 100% Fibonacci extension ). Stochastic (89,5,3) is testing our...
This is the weekly chart of the S&P500. It won't take long before the stock market will crash again. Correction is needed, after every swing up, you get eventually a swing down. We had a crazy bull run last 10 years. Don't look weird if the upcoming two years will be bearish. In my opinion it's a great moment to take profits from stocks and invest it in physical...
to meet new highs. Elections in Europe are of great importance. Keep calm and growing up
Go long the S&P 500 ; see entry, stop loss and profit exit price information on chart. Leave a like!
Well logically is to reason a path bearish or quite powerful, in or have been prudent in trying to make a model based on the effect of brexit, but amplified and magnified