Bigshort
BTC DECISION DAY!!!!!!! LONG OR SHORT?Call me crazy for this chart , but I strongly believe that this is how it will play out .
You can see how well it is respecting the curves before and now we are on the verge of decision .
With interest rates increasing and quantitative tightening , I think we will breakdown near 7-8 Nov 2022 .
Make sure to check out which side it will break .
XAUUSD Long- Term Position Trade ShortList of Confluences:
1: Double Top Pattern Formation
2: Trendline Breakout
3: Key Level Breakout and Change in Market Structure
After looking at the bigger picture, we have spotted a possible change in market structure on the monthly chart on Gold. This was result of over one year of trading in a range and consolidating.
We have listed the list of reasons why we think Gold has gone from bullish to bearish. We could see Gold push back down to levels last seen in 2019 before the Covid19 Pandemic as the dollar
continues to be extremely bullish at the moment. This setup requires extreme patients and traders could be holding their positions for between 6month to 2 years. Going forward we will be
looking to take only sells on gold until price changes from bearish to bullish.
Is the possible bigshort on the SPX SP500 obvious yet?Is the possible #bigshort on the #SPX #SP500 obvious yet?
The significant weekly 20ema/100ema bear crossover inches closer after the initial weekly 200ema support bull trap.
1980s similarities anyone?
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Perfect Storm Short on GoldPerfect storm for a 345 pip drop for Gold.
Fundamentally:
CPI was released. Traders felt it was negative for Gold and sold it.
Technically:
An Ascending Triangle which began on September 7th.
This was a range between 1691.83 to 1729.52.
The trend line was respected apart from two false breakouts.
The resistance was also respected other than a false breakout at the top-which could be considered an Upthrust because of its consequential effect.
These two happening together created a perfect situation to short.
The primary move happened within the first minute of CPI being released.
I wish I had followed my gut and traded instead of being away from the computer for this event.
Apple (AAPL) - Taking a bite out of its Market CapGood Day. We've seen recently in the markets, an over-exuberant reaction to the possibility of the Fed inexplicably changing course, in the face of generationally-high levels of inflation, that threatens to become endemic, and create longer-term problems for the US (and other global) economy.
Mr Market may have realised they could have got their bets 'slightly wrong'.
And these past few weeks, we've been tracking Apple - taking profits, and exiting completely in anticipation of THIS move.
Forget cognitive bias and your emotions - sometimes you can be bearish on the broader market, and yet still bullish on the stock. If that's the case, depending on the weakness of the broader market, it may be time to sell, take profits and wait for the next opportunity to scale in.
Let me know what you see in the charts above.
Order Flow, Liquidity, Market Structure = all the confluences we use and need to know, when trading.
Check our profile if you're interested - we look to post regularly here, and we're also posting frequently on our other platforms. Cheers.
Best,
Figuring Out Finance
The bear season begins in the American stock market The bear season begins in the American stock market (SPX500 - US30 - DOWJONES)
US stocks are in the important resistance range and the medium-term trend is still bearish
I expect the price to trade in the range this week and then the bears will take over the market and the Dow Jones will continue its downward trend.
SPX Bull trap?It is time to pause, I will look into and analyze history'because as they say "history does not repeat itself but it rhymes" I would like to present the comparison of the SPX with the fall suffered in 2007.
If we take as a reference the fall of the Great Recession of 2007, it was a fall of 57% during 518 days that means 17 continuous months of fall, the situation was terrible.
Extrapolating it to 2022, taking into account that the fall lasted that long and the fall was -57%, it replicates so far the trend and movements of 2007.
Are we facing a BULL TRAP or should we rather BUY THE DIP?
Today 20/08/2022 Best regards, good investment.
WTI Bearish breakout happening now!Hey guys! We havent been to active but here we go again!
We are taking shorts (swing trades) on WTI based on the current breakout + retest of the support turned resistance.
Our Stops are around the 94.2 level while our Take profits are between 80 and 85, we will seek to compound the shorts as the market moves.
We rarely take swing positions but couldn't resist this one.
Ofcourse we are just as ready to buy as we are to sell (one of our key trading rules), so if this fails, we will go long IF THE MARKET indicates a buy opportunity!
Are you trading WTI?
The Big Short on EURUSD: 546 days & 17% LowerDec 15th, 2020 : Buy to 1.232 then Sell BIG ...
Been short ever since.
Not happy about it since I am European but at least the chart worked perfectly.
After all we only need 1 trade like this per year, it's enough.
One Love,
the FXPROFESSOR
ps. we will probably see parity this summer..wow
THE BIG SHORT 2.0Please tell me I'm wrong!
I see a Head and Shoulder Pattern approaching the Neckline on US100 aka Nasdaq...
USTECH100 Nasdaq : The bigger picture disaster of tech :( 22.4 Simplicity is king.
1) Rising wedge 2019 - 2022 - Jan 2022 breakout down.
2) Nasdaq is falling from a crazy over-priced high, big potential downside.
3) Descending trend-line of lower highs since breakout confirm down-trend.
4) Current trading range of the down-trend is 14,600 - 12,800
5) Break below 12,800 - 11,900 to 10,700 will very likely follow.
6) A break above 14,600 with a weekly close will be the end of the down-trend technically.
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