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Potential Diamond pattern-Head of a possible Head and Shoulders My current opinion (to be invalidated if there are signals that contradict my current view). On daily charts, we could probably see an ultimate outburst to the top next week before a progressive collapse (on November 2019?) of the US (and therefore worldwide) equity markets. If this happens, then we would have a perfect Diamond pattern which would be potentially the Head of a Head and Shoulders' pattern. I'd pay attention to the monthly diagonal supports, in addition to everything you know (whether it is linked to data analysis, indicators, patterns, momentum, volatility, intermarket analysis etc.). If this, which could appear to be too good to be true for long-term short-sellers, really happens, then maybe we could see the "Trump rally" become erased(Fundamental new could be linked to raise in corporate taxes again? Punishing the FANG etc?). Borrowing could become more expensive (increasing interest rates). This would go the same for the European Quantitative Easing. We would then be back to 2014-2015, where I think every equity markets started to become a Central Bank-engineered "price bubble". Volume could decrease towards the formation of the potential second shoulder, then spike while the neckline is being cut. The RSI could start going lower and lower until oversold territory. But this would be a positive sign for shorts.
OANDA:SPX500USDShort
by UnknownUnicorn569872
American Air (AAL) Sell $33.67 > $30.62 (Profit:Risk = 2:1)NASDAQ:AAL American Airlines Group, Inc. Information: Growing Channel was broken. Now we have formed a bear channel. At the opening with a small pullback considering sales. SPY/SPX/S&P 500 in the coming days may show weakness and fall on the mini correction (Gold is now in a growing local phase). According to the volume profile, we will have to preserve the main savings for the subsequent fall down. Today we expect reports. About stop loss: Stop loss for the top $35.27. Can be reduced, but given the day of the report. I reduce volume of the position stop loss a little more is obtained. ------ Sell Limit = $33.67 Take Profit = $30.62 Stop Loss = $35.27 ------ Profit:Risk = 2 : 1 Profit:Risk = +9.06% : -4.75%
NASDAQ:AALShort
by UnknownUnicorn285026
The American dream is a nightmare - Trump cool aid running out.In this screencast I review briefly some headline issues that point to deep troubles affecting the American economy. I look at the Dow Transportation Index which appears to be leading Wall Street in a southward direction. My list of troubles for America is not exhaustive - so I may well have missed something of greater importance. Do share other facts if you know more. If others know of reasons for optimism on the US Economy I would be willing to learn more. So far, I've not been able to find anything of true substance to support optimism. This post is compliant with Tradingview's house rules on text-based posts.
Education
by Captain_Walker
5
EUR/USD and the Fed !New channel The price has once again reached a key level on a weekly time frame: at the price of 1,127 a static support has formed, which tends to bounce the price and keeping it within this channel, with resistance at 1,146. Very short, short and medium term The trend remains bearish in the short term, while in the medium term it continues to be strongly bearish: with the macroeconomic scenarios that have been configured, the target area is between 1.10 and 1.08, despite this we believe that this week there may be a price rebound from this area because of the conference that will be held today by the president of FED Powell, who should still reassure the market, supporting the new very short-term monetary policy that will not lead to other restrictions. Consequences This should result in a sale on the US dollar by investors, devaluing the USD against the other majors, and therefore also against the euro (which remains highly unstable currency and will continue to depreciate for most of 2019). Join us for further analysis on: Instagram : www.instagram.com Telegram: t.me Facebook Page: www.facebook.com Web: www.bfcminvest.com
by BFCMInvest