Today we are showcasing our dear and favourite NASDAQ:NVDA . Suprisingly latest FOMC news delivered a strong 15% move only in a couple of days. I have structured a descending channel that forms withing a triangle formation. Resolution of both is coming soon, expected before EoY.
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I'll keep it simple we want a break out and retest current support/demand are. Once confirm SELL ENTRY Is Fully activated. Use proper risk management regardless if the market go sideways or in the direction we predict that market is going.
BTC is still presently being treated as a risk asset. IMO, only when the need arises globally (i.e. significant or even hyper-inflation), could it then potentially decouple (i.e. think Venezuela), and be treated more as a safe-haven. This chart shows the Bitcoin (XBT) chart normalized by the S&P 500 index (SPX). A 50/200 SMA golden cross have only just emerged...
Gold was chopping around in this broadening top formation, and ended up breaking it to the downside. We then tested the previous rising support trend line as new resistance, and were rejected. Gold is now trading underneath the previous rising support trend-line, and is hanging on by a little bit to this 1490 support zone. Ultimately I think Gold heads lower...
I like when charts show fresh highs, you just let it do its thing till it signals which way its about to go. Looking to get short on this one as its coming up to a nice past resistance level. Not financial advice. Trade safe.
I believe there is a very strong argument that the SPX has entered in the complacency phase of the Wall Street, "Psychology of a Market cycle". The SPX has been on a 10-year bull-run, and at this point, I really have my doubts with how much longer this can continue. Of course it is being propped up for a variety of things (stock buy-backs, plunge protection team,...
For those that are following this market and are invested into this index, it looks like there is some consolidation that we can expect in the very near future at some point. The Indian markets are not immune to the same thrusts, ebbs & flows of the general markets. As of right now, the DJI is currently getting pounded and so is the SPY as well as any other...
Hey Everyone, Happy Monday from where I am here in Bangkok, currently! Looking at BCH, I haven't added my Elliott Waves to this chart, but have decided to go with some move traditional charting and super easy with Crypto. Crypto LOVES LOVES LOVES triangles, it thrives on them, it is a key part of trading and simple to use. All you need to do is draw support...
CHFJPY: Buying at fresh demand zone. Confluence with Daily Pivot
GBPAUD: Buying at fresh demand zone. Confluence with D1 Pivot (S1 traditional and S4 camarilla)