Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GOOGL has been overall bullish, trading within the rising rainbow wedge pattern.
Currently, GOOGL is in a storm 🌪/ correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at...
Have you ever wondered what happens when a growth stock, well, doesn't grow anymore?
Netflix is, at the moment, just a few bucks (I mean billions lol) below the 100 B dollar market cap.
kinda big uh? it's like 100 unicorn start-ups together :D
Anyway, let's get to the point.
In the past, the company now considered OLD for us, the younger, simply exists, and they...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURUSD has been overall bearish , trading within the falling wedge pattern in red.
Currently, EURUSD is approaching the lower bound of the wedge.
Moreover, it is retesting a strong support in green at $1.08.
🏹 Thus, the highlighted red circle is a strong area to look for...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 SNOW has been overall bullish , trading within the rising channel in red.
Currently, SNOW is in a correction phase and approaching the lower bound of the channel.
Moreover, it is retesting a strong support in green at $140.
🏹 Thus, the highlighted blue circle is a strong...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NVDA has been overall bullish, trading within the rising wedge in green.
Currently, NVDA is in a correction phase and approaching the lower bound of the wedge.
Moreover, it is retesting the previous major high marked in red.
🏹 Thus, the highlighted blue circle is a...
It's always important to look the US Dollar when determining the outlook for Bitcoin. Remember, when the US Dollar rises, Bitcoin does the opposite, which is why the price of BTC is experience in the red.
However, looking at the US Dollar Chart, the DXY is oversold on the Relative Strength Index. This is a bullish momentum for Bitcoin, as the US Dollar can...
Hello TradingView Family / Fellow Traders,
NKE has been hovering inside a range in the shape of a symmetrical triangle.
Moreover, it is currently sitting around a strong support and round number $100.
🏹 Hence, as long as the $95 support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 TSLA has been overall bearish , trading within the falling channel in blue.
However, TSLA is currently approaching the lower bound of the channel acting as a non-horizontal support.
Moreover , it is retesting a strong demand zone at 150 - 165 marked in green.
🏹 Thus,...
Homemakers are making money over fist.
Does this confirm that the housing bull market will continue.
It seems like it doesn't it
This ratio highlights the housing bottom in the 90's
this Ratio also topped out in 2005 before the housing bubble popped
#Roaring20's
On the FRED:UNRATE dataset, we can see that since 1953, every time the unemployment rate make a significant move above the 24 months SMA, with the sole exception of October '67, we saw a large spike in unemployment allong with a recession.
Currently, FRED:UNRATE rose above the 24 months SMA in August 2023 and has been stochastically moving higher ever...
UnitedHealth's share price has fallen sharply in recent weeks. However, it showed a reaction at the support level of $472.12 and has now risen a little. Our expectation is that it is currently working on the magenta wave (Z), the last sub-wave of the green wave (B). As part of this movement, the price should dip below the support level and form a low there. Only...
PMI Report Update
The PMI Services report is due out in approximately 2 hours. Last month, the index rose from 50.6% to 53.4%. This month, the forecast is slightly lower at 53%.
There is not a significant difference between the actual figure from last month and the forecast. However, the key point is that the figure is above 50.
In general, a higher than...
Ladies and gentlemen, my fellow Americans, and all you Zoomers out there, gather 'round! Uncle Joe’s got some thoughts about our greenbacks and those sneaky Chinese Yuan. Buckle up, because we’re diving into the financial rabbit hole. 🐇
1. “The Dollar’s Got Swagger”
You know, folks, the U.S. dollar has been strutting its stuff for centuries. It’s like that cool...
Over the past four days, Bitcoin has surged by 20%, while the US500 index experienced a modest decline of 0.35%.
This notable discrepancy in performance reflects significant market movements, influenced by recent events such as the approval of Bitcoin ETFs and the impending Halving.
Let's delve into these factors and their impact:
📈 Market Sentiment:
The...
This is a higher time frame analysis. Gold retesting on a higher time frame could be 100s of pips.
Use this information to your advantage and flow with the market.
We will post biweekly analysis. Stay tuned and Follow for more updates.
Republican-led shutdown: What's at Stake for the USD??
We are four days away from a potential partial government shutdown, and negotiations among lawmakers have yet to produce a resolution.
On Monday, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Speaker Mike Johnson, and House Minority Leader Hakeem Jeffries meet in...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 As per my last analysis, attached on the chart, DXY rejected the upper bound of the red channel and traded lower.
Currently, DXY is hovering around the lower red trendline acting as a non-horizontal support.
📈 For the bulls to take over, and start the next impulse that...
The enduring downward trajectory of the USD appears poised to persist in the coming years and even decades. With a staggering $33 trillion debt load that seems insurmountable, coupled with dwindling confidence from international partners who are divesting from the USD, the currency faces significant headwinds. The inevitable repatriation of these dollars to the...
