HDFC at Support TodayThis is the support for Angle going UP . IF we break this and the RED UMVD continues may see the lows again. DOWN Trend is intact with ANgle 3 Down at the moment.
Banks
Bullish potential detected for WFCNYSE:WFC represents a potential bullish opportunity should momentum continue and newer highs be made.
Entry condition:
(i) breach of the upper confines of the Darvas box formation - i.e.: above high of $61.76 of 23rd April.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 3rd May (i.e.: below $59.12) - most conservative exit, or
(ii) below congestion area composed of volume profile zone and rising 10 day moving average (i.e.: below $60 area).
BANKINDIA Looks like a Multiple Breakouts .
Rounding bottom , Range Breakout .
Price Consolidated for a long time.
Above all Key EMA.
Good for Short term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
IOB Price gave a close above the Trendline.
Looks so good on Charts.
Consolidation done .
Volume Buildup seen.
Above all EMA.
Good for Short term and Long term.
Do Like ,Comment , Follow for regular Updates...
Keep Learning ,Keep Earning...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
WAL Western Alliance Bancorporation Options Ahead of EarningsIf you haven`t bought WAL before the previous earnings:
Then analyzing the options chain and the chart patterns of WAL Western Alliance Bancorporation prior to the earnings report this week,
I would consider purchasing the 52.50usd strike price in the money Calls with
an expiration date of 2024-6-21,
for a premium of approximately $6.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
#FED causing Commercial Real Estate/ Banking CollapseCommercial real estate
"..talk of black swans of an economic nature forcing the Fed to print trillions again. Commercial real estate may be the next domino to fall. Back in 2008, default rates rose to 9%, up from 1%, as interest rates rose.
Today, the damage to commercial real estate loans which total about $2.7 trillion could be far greater. Over 40% of the US work force now works remotely since May 2020. The decline in demand for commercial properties has worsened by recent tech layoffs. The value of office sector REITs have fallen by about 55% which translates into a 33% reduction in the value of office buildings.
The default rate of between 10-20% in commercial real estate which was the lower end seen during the worst of 2008 would result in about $80-160 billion in additional bank losses. This would be ruinous for hundreds of smaller and midsize regional banks that have already been weakened by higher interest rates. The 2008 financial crisis spread from the housing sector to the rest of the economy as large banks with exposure to housing took tremendous losses.
Today, the Fed has created a moral hazard in guaranteeing depositors. Bank executives may take bigger risks if they believe the Fed will step in to protect depositors."
BLK BlackRock Options Ahead of EarningsIf you haven`t bought the dip on BLK:
Then analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week,
I would consider purchasing the 760usd strike price Puts with
an expiration date of 2024-5-10,
for a premium of approximately $11.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
#Bitcoin if Banks go Bust (Ciao Draghi)Watch the video and original text here:
News:
''Italian Prime Minister Mario Draghi has tendered his resignation after populist coalition partner Five Star withdrew its support in a confidence vote.
The former head of the European Central Bank (aka SUPER MARIO of Printing) has led a unity government since February 2021.
However, the president refused to accept his resignation.''
In the meantime EURUSD is not 1.40$ anymore, it's 1$
Protests in Holland remind us of the 'Great Reset' that WHO has announced
To make things worse, the perfect storm is complete with the Ukrainian war and Europe's dependency on Russian energy. Ask the Germans for example.
So what happens to Bitcoin if the situation goes out of control?
There is a previous, very real very bad example of a small European nation going bust: The 2012–2013 Cypriot financial crisis . Also known as the 'Cypriot Haircut':
No insured deposit of €100,000 or less would be affected, though 47.5% of all bank deposits above €100,000 were seized.
They said it was exposure to Greek debt but in reality it was an attack on Russian money being laundered in the island.
This is what happened to Bitcoin then:
In other words: situation is becoming scary in Europe. Bitcoin could be a good way to prepare for the worst.
That's my personal opinion. Let me know your thoughts.
One Love,
the FXPROFESSOR
BTCUSD Wyckoff Accumulation Phase completedLets assume that the strength in the US dollar wont last for too much longer, as Central Banks try and work out how many more trillions are needed in the system.
The BTCUSD had been in a trading range for some time and this week we convincingly left it, with a big dose of Bullish price action.
Will it last? IDK. I am long BTCUSD so I am fundamentally in the Bitcoin 🚀 camp so I am also talking up my own book.
However, if we look to Wyckoff and transpose his teachings on the stages of the accumulation phase, we get quite a convincing outlook to the upside.
It could all be down to the fact that we see what we want to see, or it could be a run on the banks to the crypto-sphere.
JP MORGAN -15% correction very likely.JP Morgan Chase (JPM) has been trading within a Channel Up since the October 12 2022 market bottom. Friday's high is technically at the top (Higher Highs trend-line) of that Channel Up. The 1D RSI sequence is similar to the one that led March 06 2023 High and subsequent correction.
As you can see, every Higher High rejection (two so far on that pattern) has corrected by around -15%. As a result, we expect a minimum pull-back, below the 1D MA50 (blue trend-line) and towards the 1D MA200 (orange trend-line) of -14.77%, giving us a target of 173.00. That would be exactly on the 0.382 Fibonacci retracement level of the last Higher Low of the Channel Up, similar to March 23 2023.
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Lloyds Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-23-2024
Strong downtrend with RED TrapZone established for days now. Price is retracing a bit with GREEN UMVD coming in now. Bunch of Trapped Buyers !
SBI Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-17-2024
RED TrapZone with Divergence after Green UMVD. Lets see what shows up after the divergence on UMVD.
ICICI Bank Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.
* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand
--------------------
1-18-2024
GREEN UMVD pushing the price UP with a strong RED TrapZone at the moment.
Immediate support around 975 price area
SOFI: Bearish until channel is broken convincingly Sofi does banking differently and has great potential, but it is still a bank and banks are not a great investment right now. I don't see the price getting above the channel anytime soon. But that doesn't mean the stock is untradable. There are a couple of bearish scenarios at the moment.
1.Crash now: In this scenario price is on the intermediate C wave. In that case wave 3 should be in progress right now and price should be taking a nosedive. Breaking $6.4 will confirm the scenario.
2. Crash later: In this scenario price should complete Minor B wave triangle for intermediate wave B. In this case price should move sideways for a few more weeks before making a move higher to test the upper range of the channel. The channel might get broken as a fake out move before heading south.
Until we see another all time high on SOFI, bull case is an alternative scenario for the moment.
Standard Bank just made a huge signal to SELL to R150Standard Bank has formed an M Formation.
The nature of the analysis is down and is a sell as it's broken below the neckline and the price is below both the 20 and 200MA>
So it looks like the next target is R150.00.
FUNDAMENTALS
Fundamentals also came out today and yesterday which could influence the price and the large candle today.
Standard Bank Group Says FY Headline Earnings Per Ordinary Share At 2590.4 Cents
Standard Bank posted a 27% in annual profit.
And there was an appointment of a non-executive director
$PYPL turnaround storyNASDAQ:PYPL looks as if it wants to bottom. It surely has taken a beating.
Took a position in it a few days ago, waited for earnings. Could be a good turnaround story with activists.
First time, since the last 4 earnings that it didn't go lower on announcements.
Would like to see this close above 66. That would be a nice confirmation.
This could be like our NASDAQ:META call sub $100. If it is, #Paypal can go to 120-180.
Buy OCBC @ $12.60Encountering strong resistance and rejection from $13 strong psychological level now
Expecting a pullback to support
Buy point 12.6
Buy and accumulate
Buy into DBS Double bottom DBS established a strong support zone at the $31.6 mark
Double bottom structure played out nicely
MACD @ oversold
Consider this a pretty safe buy entry for accumulations
Personally, I bought in at @ $31.9
$RY out of correction?A good earning report can pop the price of TSX:RY to the upper channel line.
3 reasons why?
1. A decisive move about the parallel channels line will signal the end of the correction marked by me on the chart as the abc correction.
2. But if the report is negative or more precisely the market view of the report is negative we could stay in the correction for longer.
3. MACD histogram is positive.
That's a stock that I will watch closely.
What do you think? Bull or bear here?
Legal Disclaimer: The information presented in this analysis is solely for informational and educational purposes only and does not serve as financial advice.
WELLS FARGO - LIKE really, how far can this stock go?Personally, I think a lot of banks are going to get hit really hard.
WFC is on an edge and it doesn't look good.
Here's the chart
price targets and trends are marked.
If this thing pumps to some of these rejection zones, I'd look to enter short.
Who knows, we might already have hit top.
The drop from current price to the targets low is around 40% and 60% or so from the high.
BNGA: Banking's Bullish Outlook May PersistsHi Fellow Traders!
The current trend indicates a bullish continuation pattern , characterized by the price making new highs and new lows. Following this, there is a significant breakout from the falling wedge pattern, accompanied by substantial trading volumes and the appearance of a bullish marubozu candlestick. Additionally, the Stochastic has also formed a golden cross in the oversold area, indicating the potential for an upward movement in BNGA. Through a comprehensive analysis of these technical factors, it is reasonable to conclude that BNGA is well-positioned to sustain its upward momentum and advance toward the target area.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered as a recommendation to take a long or short position on
IDX:BNGA ."
New York Community Bank: Bullish Hammer TestNYCB printed a Bullish Hammer followed by an Inverted Hammer at the low and has Bullishly Engulfed it, I now think there is a decent chance to attempt to use those Hammers as a Support which would act as a macro bottom and perhaps fill the upside gap. I will be buying At The Money Call LEAPS at the strike of $5.00 just to see if we can get anything out of this price action.
When Banks Go Bust (3): Bitcoin ETFs, The Big $$$ way to Hedge📊🚀 Bitcoin ETFs: Bridging Finance and Crypto 🌉💼
🌐📉 The Banking Crisis Echo: Bitcoin's Historical Resilience 🚀💸
News: US bank stocks sink after New York Community Bancorp cuts dividend
Link: www.reuters.com
In the wake of the NY bank's dividend cut and unexpected loss, the financial sector is feeling the ripples. This development aligns with the narrative in my previous Tradingview posts that show a historical pattern: when traditional banks falter, Bitcoin often surges. My analysis suggests that Bitcoin's decentralized nature may appeal to those seeking stability outside of the conventional banking system. Currently, the advent of Bitcoin ETFs marks a new era where substantial funds are poised to hedge with Bitcoin, potentially mitigating financial risks.
🛡️📈 The Hedging Horizon: Bitcoin's New Role in ETFs
While concerns about the broader financial system's risks linger, the allure of Bitcoin as a hedge grows stronger. These newly minted Bitcoin ETFs signify a pivotal moment, intertwining the fate of cryptocurrency with traditional markets.
🤔💡 Reflecting on Impact and Opportunities
As we ponder the unfolding narrative, these developments could spell out a new chapter for Bitcoin's adoption and its influence on market dynamics. Caution is prudent, yet the potential for Bitcoin to serve as a hedge in ETF portfolios is an intriguing prospect.
One Love,
The FXPROFESSOR 💙
When Banks go Bust Part 1 and Part 2:
#Bitcoin if Banks go Bust (Ciao Draghi)
📜 HISTORY LESSONS: When Banks Go Bust .....
