Waiting for callback completionAlthough there is a high probability that the pullback has not been completed, the EURUSD surge will be the theme for the next two weeks. Because the daily line mom indicates a deviation from the bottom, it has only risen for 3 days and is completely insufficient. So we need to wait for the moment. From the perspective of a chaotic system, the increase on the left side clearly breaks through the effective upper fractal of 6 hours, as shown by the red line. The bottom fractal of the 4-hour pullback did not catch up, and the 0.786 point of price intensive support in the next test is a good opportunity to participate.
From the perspective of lunar phase, it is currently in the upward cycle of the full moon, and due to the deviation from the bottom and the breakthrough of the upper fractal, it can be confirmed that the eurusd is in the upward cycle, that is, the full moon will help the eurusd rise.
The target is set at the daily pivot point R2 and between R3 and R2, two targets. Stop loss set at 1/3 or 1/4 of the target.
This analysis utilizes a combination of Eastern and Western methods, scientific calculations from Europe and America, and the impact of lunar cycles in the East on human activities.
Bill Williams Indicators
Cannabis Comeback?Cannabis stocks are rallying on news that the HHS has recommended the DEA reschedule cannabis to schedule 3. This would significantly improve financials for cannabis companies because it will allow them to begin deducting business expenses from their taxes, which has been a major hurdle for cannabis companies to reach profitability. It would also encourage more lenders to enter the market, lowering interest rates for cannabis companies which have been subjected to some of the highest interest rates in the country.
On top of the news, we have nice bullish momentum divergences and price action which is indicative of a potential bottom forming. Assuming the move towards rescheduling, banking, and eventually full federal legalization continues, it is possible that these are extremely discounted prices for most cannabis stocks long-term.
In the following months, we could see a major retracement of the cannabis bear market and in the longer-term some of these stocks could return to their all-time highs, as cannabis is likely to become a much bigger industry when it is fully federally and eventually globally legalized, and these companies will see significantly improved margins with lower taxes, lower interest rates, and the opening of interstate and international trade.
Callback EndThe Macd bottom of the golden weekly deviated, and there was a chaotic breakthrough phenomenon within 4 hours, which has already been corrected. It is expected to resume the upward trend soon, and this round of rise will create historical records along with the S&P 500, while the US dollar index will decline. According to Fibonacci's prediction, it can roughly rise by around 14%, with silver possibly better.
Waiting for a breakthroughSilver may experience chaotic trading opportunities. Macd has deviated from the bottom twice, and the upper branch formed by the recent rebound has broken through the red line of the crocodile line, as shown in the yellow line in the figure. If the pull-up price is above the yellow line, it is determined that the bottom is valid. After breaking through, the price can be pushed back and go long. On the contrary, if the price falls below the red line, which is an effective fractal, then the bottom does not hold. Currently, there is a tendency towards upward breakthroughs. What needs to be done now is to wait. The targets can be set at 0.382 and 0.618, which are precisely price intensive resistance areas.
Although it may rebound, we are waiting to shortThe weekly AO top deviated, and the daily line fell below the effective lower fractal and multiple support positions. However, the 4h AO generated a green bar without deviation, usually starting with a certain level of 4-wave correction rebound and 5th wave decline, which will be completed on Saturday and Sunday. So there may be a correction rebound next week, but it's best to give up this opportunity and wait for the correction to complete and take advantage of the trend to short. In the future, Bitcoin may fall by 30% to reach a supportive position.
Bullish after a pullbackThere are macd and ao bottom deviations in the 2-4h level. This mode of bottom deviation usually requires around 24 k lines, currently only 6. It is expected to reach the top of the cycle of this level next Thursday, and the effective upper fractal is broken in the 2h level. The red horizontal line indicates that the bottom deviation is true, and the price stabilizes above the crocodile line for 4h.
But the 1h level AO green bar is already quite long and needs to be recalled; And the AC has turned red, which further proves the need for a callback.
The price is above the crocodile line and there is no top deviation within 1 hour, so the AC and AO within 1 hour are a correction rather than a reversal, and the time period is also insufficient.
The target can be set in the purple resistance band, which is also a multiple support position on the left side. You can consider entering at the white horizontal line, which is also the position for multiple resistance supports on the left side. Stop loss can consider one-third of the profit or the lowest point near the left side.
The above forms a complete logical chain, and you can try to call back and go long.
The rebound is not over yetThe decline on the left presents a five wave structure, which generally means temporarily stopping the decline and requiring a rebound. RSI rebounded for 30 minutes and only reached around 50, and the bottom of cci deviated after 30 minutes, so the rebound indicates that it has not yet ended. It can be set as a target near rsi 60. And the highest point of the rebound is 0.236, which usually needs to reach 0.382 or 0.5 or 0.618. We set the lowest target at 0.382 because this is also a place of dense resistance, with a green horizontal line.
If there is a breakthrough in the effective upper fractal within 5 minutes, as shown by the yellow line and currently does not fall below the effective lower fractal, then it proves that the upward trend is the direction of the trend.
The rebound may have endedUSDJPY daily line has AC deviation, and there is a dual peak selling signal of AO in 4h. And the price drops below the effective fractal for 4 hours, as shown by the red arrow in the figure. At present, the price has rebounded, and the rsi is around 50, which generally means that the price rebound is over. This is also a price intensive resistance zone, as shown in the red rectangle. Combining with the pivot point, this round of decline may fall to the S3 support point, which is also the low point of the previous decline. The daily AC deviation usually drops by 9-12 days. All analyses are valid for 1-2 weeks.
Currently in supportMACD has deviated for 4 hours, which usually leads to a market trend of 1-2 weeks. Currently, it has only been moving for 2 days. So the indicator shows an upward trend in prices. Also, due to the strong price breakthrough of the 2-hour effective fractal, and the current price is on the crocodile line, with the green arrow section. Currently, it has been recalled. The current callback position is at the left multiple supports, as shown in the red rectangle. Currently, around rsi 50, it usually means that the callback is completed. We set our goal for this week at a strong resistance position, as shown by the blue line. This is also close to the pivot point target R3. This is a personal analysis of eurusd this week.
100% profitable gold tradingToday we achieved a comprehensive victory in gold trading
We shorted gold in the 1970-72 area yesterday, including chasing gold all the way down during the decline today, and achieved very good returns.Gold has been falling all the way today, and the bulls have no ability to resist, and every time gold rises during the decline is an opportunity to short gold. I clearly pointed out in the article yesterday,
Although gold has rebounded in the short term, it is not enough to reverse the short trend. I have warned you many times today not to open positions and go long on gold. At present, the warning to everyone is obviously correct.According to the current structure, gold will definitely test the support of the 1940-38 area, and may even pierce the 1940 position.
So when gold hits the 1940-35 area for the first time, you can try to do long gold in small batches, and stable friends can wait for gold to rebound to around 1960 to short gold again.
Every day, I make more detailed trading plans and trading signals based on the real-time market situation, which is also the testimony of every successful transaction and profit of mine. For more trading signals and trading plans, you can follow the bottom of the article to view the details!
Echo Bubble Nearing its EndPrice action on BTC is mirroring the 2nd half of 2021, wave analysis remains bearish, bearish momentum divergences are increasing, regulatory headwinds are getting stronger, sentiment is high and traders are becoming increasingly arrogant, memecoins like PEPE are echoing SHIB, BTC is stuck under a multi-year resistance line, fundamentally there are still several firms which have a very high probability of bankruptcy lurking about (Microstrategy, DCG, etc.).
It seems like these degenerate over-leveraged firms must be taken out before we can begin the next bull market. Smart money is waiting to buy their blood before pushing through regulatory clarity next year. Then a fundamental shift can happen and the real bull market can begin. After 2-3 years of bear market and an 85% drop in price, sentiment will finally be low enough for the market to find a true bottom, and this bear market will be similar time and size as the previous bear markets.
Longer-term wave structure, while not being specifically clear and giving many different possibilities, sets us up with a perfect Rule of Reserve Logic scenario which indicates that we are not at the end but near the middle of the bear market. Shorter-term wave structure seems to be mimicking wave-b, indicating we are at the end of this wave up which began in January.
All signs continue to point towards a bearish continuation happening relatively soon.
Short AMAT @ 113.49 Breakout FractalAMAT is just below the daily Balance Line, and just above the weekly Balance Line.
Price crossed a couple days ago the last daily fractal and tested the Balance Line and failed to cross it. This presents a good entry opportinuty.
The weekly presents good accumulated energy to be used in a down move.
Stop loss is price closing above the Balance Line (red). Target is whenever the trend ends, which is also signaled by price closing above the Balance Line.
FRC Short next 1.5-2.5 days followed by Long ReboundStandard disclaimers:
DISCLAIMER: This is merely speculative discussion. I'm not a certified or licensed financial advisor, securities trader, or securities broker; and, this is not intended as financial or securities advice.
DISCLOSURE: I own long shares of FRC .
At $12.85/share FRC is trading around 10% of it's 1 month high price of $123.46, and down to just under 5.8% from it's 2021 high prices of $221.80. Can its leadership turn the ship around quickly enough by fixing its long-term, short-term, and reserves mix?
Looking at Willy, VWAP, volume, and price charts, it looks like FRC is repeating a pattern of around 2.5 days of falling 3-4 dead cat bounces down to $11.50-$11.80, then a rebound in the neighborhood of $15.50-$17.00.
For this week, looking for low between $10.50 - $11.80. That, followed by a very short rebound between 40% - 55% of is then low price per share from $14.70 - $18.29, more narrowly within the same neighborhood as the previous two rebounds of $15.50-$17.00.
Mastering Forex Trading with the Alligator IndicatorForex traders are always looking for ways to improve their trading strategies and make better decisions when it comes to buying and selling currency pairs. One tool that can be helpful in this regard is the Alligator indicator. This technical indicator is designed to identify market trends and determine ideal entry and exit points based on the trend's strength.
What is the Alligator indicator?
The Alligator indicator consists of three lines: the jaw, teeth, and lip. These lines can identify when a trend is forming and its continuation or reversal possibilities. The jaw represents a 13-period moving average line, while the teeth represent an 8-period moving average line and the lips represent a 5-period moving average line. These lines can indicate if a bullish or bearish trend is in effect and where it is going to move in the future.
How to use the Alligator indicator in forex trading?
To use the Alligator indicator, traders should first select the currency pair they want to trade and monitor the market for a strong trend potential. When the Alligator is applied to a weak current trend, it is known as a sleeping Alligator. Traders should look for a weak trend that is converting into a strong trend, identified when all three lines are close to each other but not entwining. As the red and blue lines start moving in the same direction and the green line passes through them, a strong trend begins to form.
If all three lines are moving upwards, with the green line above the red line and the red line above the blue line, there is an uptrend signaling long orders. Conversely, if the three lines are moving downwards with the green line at the bottom, red in the middle, and blue at the top, it indicates a downtrend signaling short orders.
Traders can place an order in the same direction as the trend identified by the Alligator indicator. After entering a trade, traders can hold onto it until the green line crosses the red and blue lines simultaneously. At this point, the candlestick will close below the three lines, enabling traders to exit the position or execute a short order with an expectation of a falling market.
Traders should always monitor the market and wait until the Alligator lines are not crossing each other before exiting a trade. It is also possible to use the Alligator indicator in combination with other technical indicators such as the CCI indicator to identify overbought and oversold market conditions and place long or short orders accordingly.
In conclusion, the Alligator indicator can be a powerful tool for forex traders looking to identify market trends and make better trading decisions. By understanding how to use this indicator, traders can improve their strategies and increase their chances of success in the forex market.