FUNDAMENTAL EURO FORECAST: BEARISH
The EU looks to be struggling to vaccinate its people against Covid-19, raising fears of another lockdown.
Moreover, the yield advantage of US Treasuries over German Bunds continues to rise.
Neither of these factors seems to have been fully priced in yet to the EUR/USD pair so a break to the downside is possible once the current...
The trouble with double tops is that, you don't know where exactly price will go. Have a look.
All you can do is take a controlled loss (aka stop-loss). If you can't afford it, don't take it (obviously).
Today was exciting!! USTech was heading south, whilst price on other US stock indices went madly north. The news said, that this was a about rotation. (Read...
It's a kill zone. But note carefully there are losses here.
You can't win in this business unless you're prepared to lose! I would welcome arguments on that one.
The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the...
In this chart I dig deeper into price action and trends on the DJI on the 4H time frame, exposing a potential trap - mainly for new traders and some seasoned traders. What you don't see is most important. Lots of indicators in here - requires study. I use them only to expose what's happening.
In other charts/videos I've shown that the DJI is weakening based on...
I'm looking at some price action based on the 4H ATR line going back to Feb 2020. There is a repetition of a certain pattern, which may mean something or nothing.
Have a look.
On 30 min timeframe see below (no promises of anything).
Disclaimers : This is not advice or encouragement to trade securities on live...
we can see,
from the Monthly prespecive a strong Resistance line "TREND LINE",
Weekly, the price brom the Resistance line and confirmed it with red candle stick,
Daily we have strong Resistance area, the Red line, before reaching the new High price,
4H frame, i drew to white arrows, predecting the movement of the market, wait for the last confirmation from there,...
Big divergence here on the rsi and macdh on the Dow hourly below a rising 200 moving average
Great buying opportunity, entered at 29370
Stop at the low of the long wick 29220
Expect a few hundred point move at least
I show why the DJI (Wall Street) is still a bear market - at this time (only). Expand the chart for a better view.
There is what looks like a parallel channel heading south and two sharp ATR switches. Price moves around in the channel, breaks out and back in. Note also that what looks like a channel now, could change into some other formation. The market does as...
What we can expect to happen on this upcoming trade is for the pair to reach this bearish trendline that broke out last week and on the retest of this we can expect price to start pulling back up.
This along with the stochastic starting to become oversold shows us that we should see some upward momentum. We have already taken a nice profit on the sell of this...
Yep - it's beaten me. This is a very weird market where hope and greed rule. America is basically burning down with COVID, supply demand chains disrupted everywhere, no sign of a vaccine "momentarily" as we've been told - yet this market struggles north.
Every drop of good news moves it further north. In the last few days we were told that the cure was found for...
In this screencast I show some pretty interesting price action on the 1H time frame. I've used the 'theory of curves' to average out price action.
The 1H is pretty risky now for trend following entries going south. The price action is looking rebellious, in that the bulls are fighting hard to keep this market afloat.
There are two amazing 1H ATR switches which...
It doesn't matter what time frame you find stuff. Just share. That's what I do, so others can benefit (if they manage their losses properly).
The 15 min channel is so curious. The obvious questions that will pop into minds are like:
1 - is that for real?
2 - how far will it go?
It is real - if you see it. How far - nobody knows!
Disclaimers : This is not...
On Thursday 3rd Sept 2020, the DJI did an important about turn on the 1H time frame. Price collapsed 1100 points in one day (not on mid-point pricing). A correction was not unexpected, as many had known that the DJI was heavily overbought. As this is a trend-following set up, you will find no predictions .
However, 1100 points was rather more than expected and...
This is a 1H time frame. The perspective is confined to this time frame only. There are no predictions on this chart.
There is evidence of an important trend switch for the south, visible to everybody. Trend switches do not mean price is gonna fall. It only creates a greater probability of movement in the direction of the switch.
For every probability in one...