S&P was hit by CPI news release with about a 2% drop from the 1H candle. Prices started climbing there after, but this could be a result of price-action, take profit at a key level. We see this in the 1D chart, for a rally base rally which was printed from 20-24 June 2022. Double top potentially forming if price does break the 3760 RBR zone. Where do we see...
Still inside the green wedge lots of other valid trendline currently in play too. Normally on these ideas I would delete all but one or 2 patterns trendline so you can see it clearly. This idea here is just mainly being posted so later when I click play on it I can see how many of these trendline s came into play. This is really just an idea posted for me to...
Lots of pressure on the dollar today with inflation and jobless data. Overall weak us new which has been very manipulative and encouraging growth in other currencies. It will be interesting to see if the USD can stabilise of the back of todays trading sessions. 95.00 to 94.00 could provide support should the index drop off into the final hours of this week. We...
The Yen and Franc continue to take leads from Dollar moves over and above the general market mood, outperformance against the Euro aside, with the former back above 104.00 and the latter paring losses from sub-0.8900. No real independent drivers for the Chf on the horizon, but the Jpy has Japan’s latest tertiary industrial index to look out for tomorrow and a...
I've been drawing this one up for a while now... Never thought they would work or even link up with each other. A bit of a Chaotic mess haha but a few different timescales. Anyways will the bulls finally meet their match? Thick white line.
A close-up to support the idea I just posted, of what might be a last 5-waves down. If the fib channel plays out, we'll see a move up to the 50% line around 1760, and then a move down. Support to break is around 1350 (big significant previous low), and if we pass the that point people will dump their BTS and we dip down to 900 sats levels. Or not! As always,...
Here's something new: a bearish count from me for Bitshares. After countless wrong counts on the long side, the pattern unfolding seems to take a clear shape for me. But who knows, I might be wrong again! :-) What I'm seeing: a market where everyone is watching everyone else. Everybody's trying to make a speculative buck (myself included) and waiting to jump on...