Since September 20th, when we get close to the 200 ema (purple), we get a retracement towards the previous high before the next retracement process. A retracement of 61% would take the SPY to $463. The previous high was broken and we have a higher low as we are bouncing off of the 200 ema with a 20/50 cross.
For me personally I'm not not even considering trades on GBPJPY at the moment with price a little indecisive after making a large sell off. If price can make it back to 150.00 - 149.500 I will look for long term buy trades.
USDWTI H4 We didn't quite pullback to our $80/B price, but looks like we may be seeing reversals now at current S/R which is marginally below $80/b. Certainly a measurable trade down to $75.50 initially, offering circa 5R. Hopefully we can see a similar move to what we have seen on cable. A nice heavy drop to make positions risk free and bank profit early doors.
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Looking at the DXY, it seems as if there is a W pattern that is on the midst of finishing backdated to September 28th. Looks like on the daily, a small double top has been formed since the most recent crossover on the MacD. We are at a high right now and price wicked off of the 94.598 area from November 5th. The RSI on this time frame is in an overbought area and...
This has been one-hell-of a weird rally. Ugh...SORRY---Happy new month y'all. Anyways, back to what I was saying. This rally isn't it though. I made a topdown analysis in this video...But, ugh...who does that help! Lol! The weekly gave me my answer though. now I wonder why I stayed on that daily? Watch the video to know what the---weekly had to...
Looks like LTCUSD is ready for a retracement to the upside. If we can break above the 20 and 50 day ema, I can see us at least reaching the previous high between ($194.24 - $197.68). We have parabolic sars activated on the bottom of my candles.(Entered on the first one that kicked in). Looks like we have some buy volume coming in. Planning on holding until the Mac...
Hey, y'all! it's been so long. Anyways---in this video, I explained why that has been. I also took some trade. lol. . .you really don't want to know about it. But, watch the video to catch up. cheers!
It looks like we are currently at a high that has broken the previous high since August 23rd. I want to wait until price gets closer to my 20 (red) and 50 (orange) ema's It seems as if we started trading above the 200 ema after we had bearish candles that broke under temporarily where it reached and rejected a strong support level of around $29. Between Dec 2020...
Looks like we are at a higher high on the weekly and daily timeframes. Bank of America is a nice safe stock in my eyes. Although we are in a season where alot of shopping will go on, I can see this being bullish for banks and other holiday related tickers. Bank of America holds a high position in many prominent portfolios including my Uncle Buffet's. I want to see...
Looks like on the daily timeframe, we are on the top side of the MAcd which entails that we may be at a level to although on the weekly we are oversold, the daily looks like there "may" and i mean "MAY" be a small pullback to the previous low (38%) before it continues to the upside. BABA won't and can't be held back for long before it reaches its previous high up...
Looks like we are at a reasonable support seeing how price has tested this low that we are at about 4 times since December of 2018. In May, a previous high was broken and although since then, price has made a newer low we still need to be careful with our price targets long term. I believe that price retracing the previous of May of this year could be more than...
Looks like we are at a support that's backdated towards last Spring. I buy your tears GANG. I want a retracement of the previous high on the daily where we have strong resistance since November of 2018. We are oversold on the Macd on the weekly timeframe as well as the weekly. AsJay-z would say...."What More Can I Say?"
Looks like an accumulation stage here with a bullish candle breaking out as it's crossing through the 200 ema on the daily time frame. I'm looking for a retracement of the previous high up to 38-61%. Let's see what happens long term. I don't see price reaching the "Worst Case Scenario" area on the chart. The win goes to the longest holder!
It looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the...
I see a possible M pattern forming here. I'm thinking about more people being sick and pharmacy visits over the cold winter season. Walgreens is a great convenience store with solid customer service from my experience. They've been around for a long time. I want to see price retrace the previous high up to 38 - 61%. We are currently in consolidation. However, I...
Household goods. Cold winter coming. Holiday travel. Those family members you don't want visiting will need toothpaste and you will need dishwashing liquid for those thanksgiving plates lol. Seriously, I like household goods for this time of year seeing how people will be in the warmth of their homes. How does a household name sound for household goods? People...
I'm forever bearish on the dollar. I see a W pattern that's finishing on the daily. I want to see if we can catch 38-61% of its previous low. I don't want to be greedy. I see price may need to continue to fall in order to get closer to the 200 day ema. Head and shoulders? Double top? Reversal in progress? Let's see! Previous high was broken,I would love to see...