CONGRATULATIONS GUYS enjoy with big profits wait onther trade guys
Taking a page from Lumber futures back in May, coffee is the latest commodity to party like it's tech circa '99. I don't trade the "softs," but I did find a coffee ETN symbol: JO and may look to fade the caffeine rush when the extreme sell condition cools off. Hot coffee! DOn't get burned. :)
Trend Analysis The main view of this trade idea is on the 2-Hour chart. MSCI Emerging Market Index Futures (MME1!) appears to be in a double bottom pattern setup, with the price currently trading around the second low of the setup, around the 1300 price level. Expectations are for MME1! to rally towards the top of the double bottom pattern setup, 3.3% away from...
SUSHI is currently forming a rising wedge that is, fundamentally, bearish in nature. Coupled with the fact that BTC's recent rapid recovery was more or less fuelled by "The ₿ Word" conference with high expectations (which were not met), SUSHI is looking bearish, at least in the short term. One might consider shorting it at the current level (I already have) and...
The pattern is currently doing a sideways or consolidation in 1 HR and below. It looks like the selling pressure is present unless if its breaks the red line resistance with a strong buying force. Other confluence for shorts are: 1) Pattern making a reversal at a 61.8 Fibo level 2) Seller coming in, can be seen in Volume 3) Bullish momentum getting less and...
This is my view on MIcro Mini S&P. Currently, there is less buyer coming into the market. Price is heading towards the 4250 - 4220 previous resistance zone/key level before the rally breaking the trendline. Good luck.
Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Corn Futures ( ZC1!). Trend...
By price action, I have highlighted the important surfaces in two colors. If the green surfaces break, you have to wait for the red surfaces to react I have also created a channel where you can open futures trading over and over again in a small time frame.
My view is DOWN for today so, I short NIFTY FUTURE @15850 and STOP WILL BE @15915
trend analysis is all over the place currently as bitcoin will just blow it out the water... if bitcoin is at a local bottom NOW, then look for rejection off top of wedge level... if bitcoin does not recover look for very simple dip, lower marked price levels...
ETH 20% price swing, very high possibility YELLOW = LONG RED = SHORT
potential breakout of bullish decsending wedge... watch these levels!!
The weakness of the DAX versus the SPX has to be watched closely.