EURO USD LONG EUR/USD LONG TO 1,35
As per technical side SANK as per 1M Stoch RSI.
That factor will certainly prevail which will cause stronger EUR and regaining the ratio in a favor of EU currency.
*MACD. multy cross on 1W
*1M KDJ bottomed.
*RSI hit the bottom on 1M timeframe.
Strong EURO will make Europe less competitive and leading towards implosion in certain timeframe (strong currency, bigger export prices, unable to " compete" and participate "under same conditions".
ECB made 2 stimulation packages in an amount of 500 bn + 250 bn euros in order to increase liquity.
US added few trillions too, now continualy increases interest rates.
As every other stornger economy, Europe will become less competitive, (gas price is 3000$) and so on.
Petro dollar benefits from this, but, eventualy, US economy will collide and EU will follow.
Droplikearock
Next 2 moths for ETC as depicted by airplanes**EDIT: I don't know how to auto-zoom out for the chart view for viewers... best view is at 2hr to 3hr interval view***
so, after much Fibonacci Spirals and as many sine waves, Gann Fans, Pitchforks and fixed Gann squares. I've come to 2 conclusions...
1 .) Almost none of that was necessary.
2.) ETC is undoubtedly(in my opinion) going to run nearly the exact track that my airplanes are flying and dive bombing.
now that ETC's market has been pushed down by the opposing wave, its about to turn right into it! ETC is heading to the moon! that last dip last night, that was it!!!!! that was the big dip I was hoping to be prepared for!! either way, buying back in at the base was a safe option no matter how you look at a market dip!
here's my story about how I came to this conclusion:
I had to figure out how to see where stocks are going in a hurry...
I made a single mistake the other day and hastily sold right before a climb & turned myself a whole LittleLotta too upside down and began going over every possible idea and trying every possible tool available on trading view.
What I found was that I cannot shift my Sine waves up or down to match the mirrored & upside down view I saw with every single wave versus the previous waves.
unfortunately, I bogged my browser down with too many lines..
this led me to search for any and every possible pattern I could to help me identify what the future of the market could be based entirely on what the past market was telling me...
I noticed this occurring on small scale examinations at the 1-3-5 minute intervals. Going from high point to low point, then reversing a sine wave going from bottom to top.
I could then study market conditions based on how the market line would act going into and out of the sine waves.
I found it works like this:
1.) they will not always mirror the previous month ( I just got lucky and happened to begin stock analysis 3 or so days ago.)
I can say that beyond a shadow of doubt in my mind that I've learned this (I do hope this is also true for every other market condition)... THE MARKET IS DEFINITELY TELLING ON IS FUTURE SELF.
**Do take my analysis at face value and with a grain of salt and please do comment anything that I may be doing wrong or right, every bit of feedback will help me learn this trade too**
I have absolutely 0 college education with no more than a high school diploma & an outdated certification from the 10th grade in HTML4..
This is my very first post here and my 3rd day looking at these charts.
Prior to all this, I had never seen a fib spiral, nor sine wave in any stock market anything I saw in the past.
2 days ago was the first time I had seen a Gann fan.. only minutes before writing this post, I finally googled about the Gann fan, realized I didn't bother with the 45-degree thing, it doesn't seem to make any difference when I have an idea of where in the fan the previous point hit, I just mentally adjust my view.
Thanks everyone, happy trading!
I would like to mention that for being 1 incredibly financially distraught, yet challenge hungry freelancing nerd working on all of this in the my office/grandparents shed...
When left to my own devices, I tend make them do cool things.
I do hope that I'm as correct as everything I've just figured out tells me I am.
*But no matter what happens with ETC, I 100% believe in me :)
TRY MY CONCEPT OUT YOURSELF, IF IT WORKS FOR YOU, CONSIDER A DONATION :) I don't even know what tradingview coins are for yet!