Future
Is There Something Going On Here? And Some Deeper Thoughts The Dow
First thing I'm noticing is the red line seems to be the support on three occasions, with three distinct periods from 2018 where the DOW dropped to the red line and recovered.
2020 Corona crash has had a somewhat perplexing recovery, which to me defies absolutely all and any logic!
It's absurd the DOW has rallied like it has given the economic horror story that's unfolding and mass unemployment, none of it remotely makes any sense.
The absurdity of the recent gains on the questionable unverified results from Gilead shows that unless you're worth at least 8 figures, have wealthy connected family or friends then you shouldn't put your money in the markets at this point.
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Personal Thoughts & Musings
Is it setting up for another far steeper drop ? The logical brain of mine thinks that nothing lasts forever and infinite unending economic growth is impossible.
In history and in nature, nothing lasts forever!
The question is how long does this go on for ?
I think we are teetering on the edge of the end of the "20th century / American" era and truly the beginning of the 21st century era, much of the way things were will slowly come to an end in another 30-50 years memories of the 20th will be like the think of the 18-19th centuries today.
The defining moment that people will say the 20th century truly died is when Queen Elizabeth II passes in the near future.
Future LifeStyle About to Give A Breakout .Contraction After Expansion .
Price Above 13 and 34 days EMA .
Volume Expansion (Strong Indication )
Stock Looks Like In Accumulation Phase .
Breakout Level 164 (Breakout Should Be With High Volume And Bullish Candle )
Target 187 , 208
Book 30% On First Target And Trail Your Sl Above
Book 30% On 2nd Target And Trail Your Sl .
LTCUSD Risky LongHi
As you can see in my chart, there is a possible channel which has a lot of breakout or takeout during the time, and the price has broken it with strong momentum, that why I'll go with a long position till 48 prices. That might be a barrier. I put the stop below the price shadows on the channel. Take this trade at your own risk.
Why? Because in a bigger picture, the price has broken a more significant channel form downside, but I think it will bounce back in it. (I haven't drawn the channel in the chart.)
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What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
GC 15-06-2020THE GOLD IS RESPECTING THE SUPPORT AND RESISTANCE LINES AND THE VWAP INDICATOR IS TOO NEAR TO THE CANDELS
Trade setup on GA either way!! Easy 100 pips💯It’s in an uptrend so GA should b going up soon. Possible blue candle next, I’d scale down to 15 min when market opens for an entry then SL under last low then TP at 1.85475. If it drops more and makes a lower high, wait for retrace then TP at 1.81218 and SL above the high
Dedicating Some Time Back To Futures. (ES)Been wanting to get back into the e mini for some time now.
As you know I focus on trading stocks and cryptocurrency mainly.
I mainly already have my alt portfolio created for long term holds in crypto and I have a couple of stock picks to finish out on the current trades as mentioned in the last post. Plus a couple of higher cap stocks that are also in play for swings.
I'm going to cool off and enjoy the big gains I got from the last two months and shift my focus back over to the emini for some day to day scalping.
We will be using and combining the Crossover strategy and the ema dots for the smooth buy and sell opportunites. Our trading system can make scalping very effective and I want to focus on development of this skillset. Most know I like to look for long term swing trades as I mainly am a position swing trader.
I will be scalping the one minute and I had to post the 15 min because I cant post lower timeframes.
I am considering of starting to live stream on here so I can break down how I trade with you all on live plays.
I will follow up with my current positions but mainly I will not be sharing a lot of different pairs as I go back to focus on scalping the market.
Just wanted to let my followers know where I sit on what I'm looking to play as of right now.
Will share follow ups on updates to the emini on this analysis.
Best of luck to you all in the markets this week!
Happy trading, 😁
🥇MLT | TRADE LIKE A PRO
Why Bitcoin may never fall below $8,000 again If Bitcoin respects this curved resistance trendline, we may never see Bitcoin below $8,000 again. Of course, this is only a theory and not to be taken as trading advice. I am also using the Pitchfork fib to give us an idea of future prices. I have plotted a few prices at the $93,000 for the Stock to Flow projection and also the Pantera Capital $533,431 projection but respecting the upper curved trendline at end of 2022 instead of their 2021 projection.
NVDA: NOT overpriced. But don't buy too soon. Target $403Don't be tempted to chase the highs.
Some investors are taking profit, but NVDA still a distinguished player in its markets.
NVDA is trading at a fair price given its growth potential.
- Long term bullish
- look to buy on pullback for more preferrable trades
key levels:
$325
$307
$281
$249
MAY 18 > BLACK MONDAY < NASDAQ CRASH > ELLIOT WAVE WXYAs the title suggests. I believe we will see a stock market crash on Monday, May 18. (Or Tuesday/Wednesday if WXY morphs into WXYZ)
I called for the drop today, after completion of a perfect ABC flat. This however morphed into another WXY when another upside down ABC flat formed. We are now completing the 5 wave up into Monday's open.
3 (flat ABC) - 3 (flat ABC) - 5 wave impulse up. Completing a WXY complex flat
Also holding precarious levels within long term ascending channel. And exit.
Now BOOM. The drop.
If anyone has any questions regarding elliot wave. Feel free to ask. The pdf is free and can be found here:
0104.nccdn.net
Trendanalysis for the DaxAs you can see we can identify an upgoing trend since the middle of March. The short rise in the Dax from march till now could indicate, that investors are gaining trust and optimism in the markets and especially in the steps which the government took to keep the situation under control.
There are two major resistances (yellow) which need to get tested to continue the trend. With the moving average in mind, we will have a pretty interesting development when the Dax is going to cross the moving average. A potential development could be a continuing growth until we get to test the second resistance(second yellow line).
The second potential scenario could be an upcoming negative trend when the first resistance gets tested negative, we will get a negative trend shown with the red line. The short rise paired withe followed negative trend could then be identified as a bear trap.
I suggest that we can identify and see one of these developments this development in the next two to three weeks.
Let me know what you think, I am happy to talk and discuss my ideas.
Possible Outlook for the next couple days/weeksThis Idea is all about the two red resistances which will be tested in the next view weeks. If the Market tests those levels a continues the trend my idea is that we will move to a point anywhere between those two red lines till the next Trend can be identified.
Regarding the current Situation it can be possible that after the first resistance gets tested, we will get more negative news about Corona. In this case from my point of view the yellow trend line can be identified and the current rise could be understood as a typical bear trap.
Let me know what you think about this idea.