Red day for the Markets. Took chance of some corrections.
NASDAQ:COST was over-speculated by retail groups. Extreme angles of ascent do not hold. The severity of the recent angle of ascent due to speculation warned well ahead of time that COST would have a meltdown when buyers evaporated. The first strong support level is at the black line. The Weekly chart shows stronger runs up than down. Costco is frequently...
It is important to know when the NASDAQ:NDX and a few of its components are overextended and that a minor correction, aka retracement, is imminent. It doesn't really matter if you can guess the exact day, but it does matter that you can see the risk coming so that you can plan to take action on open positions and plan ahead for new positions for swing or...
Is this a top or just a sideways correction to pattern out excessive price gains that are above current fundamentals? This is the big question when studying stocks right now. NASDAQ:AAPL is definitely not a sideways trend right at the moment, but is it a downside run after a top? What is missing? There are 2 lower highs BUT just ONE lower low. To confirm...
More sells anticipated on Gold, we are in a double correction on a higher timeframe/ Degree. Potential impulse pattern on a wave (C), we already have a 1-2 sequence.
Check notes on the chart. 1) Bearish Rising Wedge 2) Descending Triangle 3) Ascending Triangle Expansion Creating CME Gap, aka Futures Liquidity Gap. (These almost always get backfilled.) 4) Current Pattern, Bullish Ascending Channel. We had a fake out to flush the longs, and create liquidity, and to backfill the CME Gap. All other narratives are fun stories....
Mina/Usdt on Binance 4h Needs Some Correction and Fear Index RSI Dropping Lets See What's happen, if have your idea please share with us, Thanks
Weekly Chart of CAT: this is one of the Dow components that is nearing its previous all-time high resistance levels. It is one of the first few Dow 30 stocks to challenge prior all-time high prices. Caterpillar Inc. has been running with momentum that will now pause or stall at this level. Now, watch to see which support level holds as profit-taking...
DXY H8 - The breakout is very much upon us, and we are seeing the likes of GBPUSD, EURUSD and XAUUSD falling quite sharply in line with Dollar corrections. Really hoping for a retest of this 107 support price before continuing much higher. This would offer us additional elements of entry point.
GBPUSD H8 - Dollar bullish means we are generally seeing the YEN offload and vice versa. We are still technically in the bull trend here on cable on the H4 and H8. We have pinned into 1.20 which is a psychological price, and yet to see anything major on a pullback front, so that does concern me. Similar outlook on gold, we seem to be exhausting
CULT is new. It has become very popular lately. Wouldn't be surprised to see this trade higher in coming months/years after this bear market has passed. It's not unusual for cryptos to correct 80%, 85%, 90%, 95% or more. I would not be surprised to see CULT dip to these prices.
Hey, shout out to the XRP Army. I don't hold any XRP myself, but I see all the bs ya'll go through. lulz rough go. Don't be surprised if it returns to a 97% decrease from all time highs. Of course, it could always drop more...
HEX is experiencing it's largest correction in it's history. Historically speaking, about 85% was it's largest correction before. But, as we know, cryptos can dip 99%! This could happen.
Don't be surprised for a moment if ADA dips 99% AGAIN. lol This is absolutely in the cards and should be prepared for.
DOGE has corrected 96% before. I would not be surprised if that happens again.
The chart suggests BNBUSD has had 84% corrections from all time highs. I would not be surprised if we see the same thing. It's also worthwhile to note that since other crytpos have dumped 95% before, BNBUSD could too. Be prepared for that.
It's not uncommon for ETHUSD to dump 60% or more from all time highs. In fact, it has dumped 95% before and held those low levels for months and months before. Don't be surprised if it does it again.
This is a macro perspective on the cycles of DIA. I want to focus on all time highs and the corrections that come after. Currently DIA is sitting at about a 19% decrease from all time high value. As the chart suggests, this market could drop even further. Don't be surprised if it does. These things happen.