In today's analysis I would like to share my view on the sp500. Since the last FED meeting and the prudence by Jerome Powell the actual Fed chairman is viewing the rhythm of economic recovery, the market stopped his recent rally and started to sell off quite intensively. After the last Friday sell off we haven't seen much of movement and the broad market is...
Greetings, fellow traders! Gold has broken out of the triangle, and above the mirror horizontal level too, while being above the diagonal support trendline. RSI indicates the asset being overbought, so a correction is expected. After that, If the horizontal level and the diagonal support stand>>go long. The parallels with the previous breakout are too...
- On Friday, the index were trading a little flat against a basket of major currencies, particularly the Euro. Traders are also awaiting news from a European Union online summit, where Germany and France are trying to swing other members behind them on a joint EU rescue fund. - The main trend is down according to the daily swing chart; however, momentum is...
Today gold finished the week at $1,743 - just on top of monthly resistance. This is an important area because it's on every trader's gold chart, and is prone to fake outs for that reason. As pointed out in my chart this area has produced 4 fake outs to date since May, but is this one different? What I would like to see next week is for gold to stay above this...
Yesterday Comfort was down 20%, Fast Turtle signal need to advance 20% first before signal a buy.. Therefore, we go down to M5 or M15 to trade high volatility stocks like Comfort and TopGlove. FAT condition met and Fast Turtle Buy signal appears this morning for quick Hit and Run trade. Quick Tips :- When FiFT is RED, you can set an alert notification on...
Main items we can see on the chart: a) The price is above a well-tested Support Resistance zone b) It has been there for 70 days almost c) We expect that the direction of the breakout of the range would be bullish based on the technical structures of the current situation d) Our Target for the Breakout is going to be 1900
With the global lockdown in place, many companies have seen huge growth and one of them is Netflix. This is understanding as many people are confined to their homes and looking for ways to keep the family entertained. Netflix started to see its share price rise fast back in April this year but failed to break out of the two year period of consolidation in April...
Detailed explanation of the bull flag and why the bearish divergence isn't an end-all bearish sign in FB's case. All details are in the chart!
📌 Flows to illustrate end-game cycle chains -> Here we are tracking a very advanced flow, the struggle for Long Bonds to complete the final ⚠️ breakdown and trigger capitulation in debt . This would be more natural to develop ahead of US elections as it would imply maximum pain giving enough energy to help form a base on 'surprise' Trump victory. To...
First of all, please support our work by smashing that like button or following! These really help us to reach more traders like you! Summary: We think BTC will likely fluctuate within the 9k – 10.5k range this coming week. The fundamentals are looking more bullish compared to last week. From the technical analysis perspective, we believe we are at key...