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THE PAST IS PROLOGUEThe past is prologue in this daily bar chart of the Dow Jones Industrial Average circa 1929, just before the infamous "Black Thursday," October 24th, 1929, helped usher in the most damaging portion, the C wave, of the correction that was to become known as "The Great Depression." Much like today, the 1920's saw a rampant, unchecked rise in stock and land valuations fueled by an omnipresent and still young Federal Reserve System. In his 1955 expose' of the 1929 downturn entitled "the Great Crash," John Kenneth Galbraith famously wrote that "There was far more money flowing into the market than there was intelligence to guide it!" That quote seems apropos today, as we have merely seen the initial "shot over the bow," in this unfolding "Great Downturn." In my opinion, we are clearly on "The Road to Sefdom," as F.A. Hayek so famously warned about in his classic tome of the same name. The parasite, (the government in all its forms, including the Federal Reserve System) have drained the last ounce of blood, (capitalism) out of the host. What is left now is an empty shell of an ideal that many men better than I have fought and died to protect. Over the ensuing years we will march happily down the Road to Serfdom, grasping readily at "helicopter money," and other "fast-passes," to socialism, as one after another "saviors," come forward with their' own particular flavor of totalitarian rule. The veil of socialism will engulf us all if we do not act when the puppet masters prophesize what F.A. Hayek coined as "The Great Utopia." The Stock Market, as well as civilization itself is on the cusp of a monumental turn. "When the course of civilization takes an unexpected turn, when, instead of the continuous progress which we have come to expect, we find ourselves threatened by evils associated by us with past barbarism, we naturally blame anything but ourselves!" Choose wisely my friends!
DJ:DJI
by unforgiven
GbpUsd - BREXITOn Friday I analyzed GBPUSD for a short opportunity, I was wrong. After the currency pair was broken down, I identified a strong sell opportunity as displayed with my technical chart work. The GBPUSD currency pair was in a 4hr range for the past few weeks and is now showing signs of a breakout emerging. In my opinion that breakout was to be to the downside seeking to 1.295 region or below. Now I have adjusted my analysis and I will be taking along position due to the approval and confirmation of BREXIT
Long
by UrbanGeniusOfficial
$12 or $8 dollars after... for Afterpay - Double Top TBCHi All, At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it? We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally speaking (besides the ratio), as I know a lot of people are bullish on this stock but at least from a technical analysis perspective, one has to ask are we about to witness a major trend change with APT? Now the supporting TA; Double top pattern As already mentioned, this is a yet to be confirmed pattern. The break of the middle trough between the peaks @ 20 dollars would confirm the pattern. The red arrows provide us with a possible drop range that we might expect. The larger the variance from peak to middle trough, the larger the expected trend reversal, and this is in fact supported by the underlying trend line established from April 2018, certainly a significant trend change IF confirmed. This alone of-course is not enough, and we do have additional supporting indicators below. RSI We have a bearish divergence on the RSI, with a down trend quite clear. The last pump to the second peak was not accompanied by wider market participation, and this trend seems as though it will continue. RSI would confirm at this stage that APT is currently out of steam. A cross of the trend line with accompanying price action would invalidate this indicator. MACD & Histogram MACD is showing signs of turning to negative cycle. Interestingly the strength of the recent up trend seems to be quite great albeit short and quick as Histogram clearly shows. This would support the RSI indicator reading and might suggest the last pump was really led by a few bulls, and not wider traders/investors. MACD and histogram fall in line with a double top scenario. MA's We can see the last pump pulled back our 7 day MA's over the 50 but has failed with the 20. It does not look like its going to cross especially with the drop we had following the second peak. The 7 day is largely going to indicate where we head from here. Both 20 and 50 are some what flat lining. Interestingly, the major trend reversal suggested by the double top would not only include a down break of the 18 month trend line, but also the 200 day MA. All confirmations of major trend reversal. The MA's do tell a similar story as the above indicators and fall in line with a possible double top scenario. VPVR Our volume profiles strongly support the above TA and Double top possibility. Our value zone is below the 18 dollar mark, with the final significant profile in this zone stopping around 11.37. Below this we find the next significant profiles 8.13 and below. These targets do also coincide with FIB levels as the 23.6 sits at that 11.37 dollar zone. Failure for this too hold would give us an 8 dollar possible buy zone target. Ichimoku Clouds Its looking like we are going to break again, and we can see trend change confirmed with this indicator. Summary We have a very strong case for a double top pattern with most indicators falling in line with the same scenario. A break below 20 dollars would provide us with this confirmation and I think things might get a little ugly from there. Important FIB levels also all coincide with critical pattern events, 78.6 current support, 61.8 double top resistance line, 23.6 assumed target . I think it will be a great buy opportunity, around that price technically speaking, but accompanying fundamentals should also be closely monitored with APT in the coming weeks. 36:1 price to revenue ratios are simply not sustainable, and it is not unfathomable that we see an APT stock lower than 8 dollars. SELL / STOP TARGETS Stop loss @ $20. Profit taking above highly suggested. The above is not financial or trading advice but possible mitigations if this scenario were to unfold. BUY / LONG TARGETS Target 1 @ $12 Target 2 @ $8 and below. The above are also tentative as even at these prices we still have quite a large price to revenue ratio. Technically however we could see a bounce from these point and accompanying TA at the time would have to confirm any possible trade. Confirmation Support @ $20 fails. Invalidation; New high created > $29 with a clear and strong candlestick close. Again, in the long term this stock might be a great performer, but the analysis would suggest we are due for a trend change. Thanks guys, leave a comment and let me know your thoughts, Traders-Corner *** Any trading advice provided has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information provided you should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should seek professional personal financial advice before making any financial or investment decisions. All investment and trade decisions, no matter how well investigated, involve risk. ***
AShort
by Traders-Corner
USD/CAD GREAT LONG OPPORTUNITY Hey Trarder, So we find USD/CAD on a Daily channel. We all wanted it to break it but it rejected it strongly. It appears to be looking to get to the Weekly Retracement of 78.60% (1.4120). I expect a small retracement to 1.31720 and an amazing entry in that area. It´s a great Risk/Reward ratio of a minimum of 1/2 and a maximum of 1/8. The TP´s I marked with the pink horizontal lines are out objectives to secure profits. It has an amazing probability to be a succesful trade. The only thing you need to wwait for before entrying is to reach that area and a strong rejection (strong bullish candle). What do you think? Happy profits.
Long
by JoseMier
$GO Signal Give You 116% On My Entry! BAM!You can confirm the chart that i published here: ------------------------------------------------------------------------- www.tradingview.com Rules: #1 Always obey tradingview.com house rules #2 Always read the description #3 Don't spam on the comment section #4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after #5 My opinions are not financial advice, follow it at your own will and your own risk #6 Together, let's build a better community on this platform -------------------------------------------------------------------------
G
by blockchaindedi
Volvo Short-SETUP! WHAT A R-R-R!#High-potentialHey tradomaniacs, great chance that we are facing now! WHAT A CRAZY Risk-REWARD-Ratio! All I`m concerend about is the fact that VOLVO-Stock seems to love the October! If we break out of this pattern - DAMN BUY! As soon as we bounce off that double-resistance it`s more likely that we`ll see the market going down! Type: Swingtrade Stop-loss: 163,- Sell: 158,- Target1: 150,- Target 2: 137,9 Let`s see what happens! :-) Both scenarios are very nice chances! Peace and good trades Irasor Trading2ez WANNA SEE MORE? Don`t forget to follow me. Any questions? Need more detailed signals or education? PM me. :-)
OMXSTO:VOLV_AShort
by Trading2ez
Great Chance! DXY retesting the SUPP- of trendchannel?!#BreakoutHey tradomanics, seems like a great chance is coming soon! :-) We are curently back in the recent range and I expect a retest of the trend-channel. Might be a good chance! We are moving within an ascending triangle and created a very weak S/H/S caused by a fake-out! Guess there is not enough demand to puush it and traders still wait for a lower-price to buy! ;-) Peace and good trades Irasor Trading2ez Wanna see more? Don`t forget to follow mw Any questions? need education or signals? Pm me. :-)
TVC:DXYShort
by Trading2ez
2
A long position looks to bring great reward today for GBPUSDI am placing a buy here with the bulls on GBPUSD because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an opportunity to buy for the GBPUSD pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out of the market by 5pm EST each day with my profit or loss taken.
Long
by UrbanGeniusOfficial
Eur/Gbp getting exhausted (Short)-We're getting to the top of long-term range -Jackson Hole conference at the end of this week will host both Yellen and Draghi -Draghi will IMO be dovish to smaller or higher extend as per his latest comments of Euro "overshooting in repricing by financial markets" -Other circumstances indicate he wont be hawkish (no QE tapering for now -Will enter the trade as soon as market opens -"Sources familiar with the matter" said that Draghi will not deliver no new policy message at Jackson Hole -North Korea might spew out some aggressive headlines since there will be joint military drills in Japan (US and Japanese forces) - this might weight in to this pair as well Cheers
Short
by Chuck-Norris
1