this is the prediction of how index futures may go for next week starting 11 May 2020 as you can see there are perfect elliot impulse wave (12345) then correction wave ( ABC ) we are going to phase C this week so be prepare (to short trade?) !!!
As the title suggests. Have you ever been to the gym and threwn around the heavy ropes?? Well what happened to your forearms 'could' happen to your retirement savings accounts!! No long or short here. Long and short and long and short and long and short. In for some turbulence. So Buckle Up. Long term WXY complex zig-zag (ORANGE WXY). This is based off...
After that pullback, we can wait for a bearish trend next week so be ready to sell
No one is talking about the $EURDOLLAR trade which is a highly probable trade to put on. If you think interest rates are going to near 0%, this will reflect it. The technicals also line up for me on this with a 4 to 1 Risk to Reward ratio. Everyone is concerned with the stock market which can be a laggard in following the actual economy. The price of...
I spotted a 5 wave wedge pattern near the near of the previous up trend which tells me there could be a possible Elliott wave ABC pattern forming. The B should not break the start of wave A because wave A is 5 waved. It would be possible to short wave B to wave 5 for a nice risk reward ratio. Aim to short at 50 or 61.8 fib of wave A.
There is a Big probability that the market will try go for the resistance of (173.58) if it stays above . (172.61) . but if it ever returns to (171.64) . and it break it with power the market will drift worm (170.43)
Basic economics is the supply and demand curve. The United States is at war with other countries for catching up on oil supply, so the constant need for production even during pandemic times leads to a surplus. The demand curve for oil though is at one of its lowest, given we need to literally all stay home. This leads me to believe that the huge price crash was...
Oil got, as they say, rekt yesterday. Our trend following system has spent most of 2020 warning of the downtrend. This chart is a good example of why an objective trend following system is more effective than a subjective knife catching approach. NOTE: We provide charts every day, so Comment, Like, and Follow to help us grow! --- STRATEGY USED: Momentum...
the ZN has a bullish configuration at the moment. who try to go for point 138.45
Currently market is in correction, according to fib extension the target is drawn in the chart. Please comment your views. Disclaimer: the post for only educational purpose.
IF THE MARKET BREACK ( 22.73) WITH POWER HIS NEXT MOVEMENT WILL GO DOWN TO TEST ( 20.15 ) AGAIN
we can reach to 17.250 after the breakout 16.055
I’ve been following UVXY for a while, price continue to rise while the markets fall. Waiting to place a credit spread or something to take advantage of IV
Fibonacci Tool is Best Way for Prediction
Feeder Cattle breakdown of this R/S flip. Weekly chart.
Hope ES has insurance