The spy has closed below a key support which has now become resistance. Closing Below this level for 2 consecutive weeks leaves it vulnerable to retracing lower to the next major support. A retrace down to to the major trendline breakout will be very healthy consolidation if it manages to hold that level.
The DXY is on watch for an hourly breakout. This is coming on the back of China inflationary numbers. 2.1% YOY inflation 0.8% MOM inflation. The Month over month came in slightly hotter than expected which could be signaling maybe a hotter US CPI next week. The China Reopening may be the cause of this.
apple is in range bound trading and could potentially move towards 178/180 area before it takes a pounding and move towards 115/110 Area.
Crazy action and reversals. Once again the volatility continues but the vix didnt spike. We discuss the US Dollar, Yields, SPY.
#Gold is about to make some big moves, testing the pivot , is it going to be making a triple top or will it pierce through 2100 this time and move towards 2500 level. Patience can be rewarding in this
Into massive resistance. Likely see a 6-10% pullback in the near term
Breaking of a strong support and two price peaks shows strong confluence to double top pattern
The stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
The bearish rally has seemed to bottomed out after formation of bullish divergence and subsequent higher low. Buyers are advised to wait for the breaking of strong resistance level before going long in this trade.
Hello Traders In the past few years, the volume of bitcoin has decreased each time Christmas and New Year are close. This can also be seen in the candles; we might see less volatility in the price. So let's dive into today's analysis; as shown in the chart above price is consolidating after the bearish momentum. On the On-chain side, I screenshotted two metrics...
A pair driven strongly by support and resistance shows a bearish downturn by breaking all support levels.
Tried this a bit earlier when RSI started to break trend but was stopped out after seeing a quick profit, trend was still too strong. Entered again when confirming overbought area. +DI started to break its trend and trend downwards, RSI broke trend & candle was starting to close within Bollinger Bands. As I type this has continued a bit further down and you could...
The continuation of a strong bullish trend in euro against USD will be verified once the currency breaks the cup and handle pattern it's forming as of now. By projecting two TP limits via chart patterns, a good trade plan can be seen.
I have mentioned all the technical tools which are indicating a strong bias towards selling the stock.
The crypto shows breaking of the neckline of a possible double top pattern; indicating a bearish rally till 1173 price.
Monthly chart analysis show a bearish December bias on Natural Gas against USD. Since 2017, the pair has always been bearish in December, making this year 6th in a row!
A bounce back and subsequent trend-reversal is seen after a C retracement point from ABCD harmonics pattern. Combined with the formation of a lower high, and bearish candlestick pattern, a good short entry point is seen.