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Crude oil mid-term trading outlookWTI crude oil prices rose significantly with a very modest rally in the last few sessions!! on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend. however, the move may be corrective because the price may form a continuation pattern or (Pullback) to the downside..!! the potential targets are fibo50% and Fibo61.8% Taking into account the previous AREA GAP DOWN. :=) P.S. Personally. I work only intraday:=) Good Luck Folks.
TVC:USOIL
by MANOLIS
2
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.
TVC:DEU40
by JRuls
2
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.
DJ:DJI
by JRuls
What deos BTC mean to the world?BITSTAMP:BTCUSD Mainstream adoption of BTC will be similar to the early adoption of automobiles in the turn of the 20th Century. Ability to participate in world economies thru a crypto wallet will be made increasingly available thru financial institution adoption of block chain and possibly BTC. In such the same way as early in automobile history the construction of highways and gasoline station facilitated higher rates of ownership of cars, increased owners travel distance from their home to their destination. BTC's early age is similar to automobiles early time, where cars were not safe, there weren't mandated or voluntary additions of safety guidelines fro seat belts, airbags, and even traffic light infrastructure. Cryptocurrency market places and exchanges have seen their bout of attacks via ransomware, hackers, black hats, even fraud. Even still despite the perspective of cryptocurrency not being safe or secure, the early adopters continue driving there crypto wallets to all time highs (BTCUSD $9800~). Innovations to security and speed of transactions will be a accepted standard for all cryptocurrency and those that lack it will not catch on. The world now is dealing with the COVID-19 pandemic, a tragedy which has caught industrialized nations off guard. World governments ability to bring in new treatments and a sar-Cov-19 vaccine for their citizens will be a large determinant of how well their economies will gain a foot hold to claim their place in a new technology age. BTC will be a part of this age the value of BTCUSD will be dependent on how well public health solution to COVID-19 are applied to the governments citizens, and in a what length of time. BTC is not out of the woods in regards of devaluation, their is still tremendous risk of BTC droping to $5000. Even with this, there is still a very strong likelihood of BTC reaching $30,000 or higher.
BITSTAMP:BTCUSDLong
by Merlin_020
SPY-Decision Time , AlphaOverBeta Market OutlookHello traders, The S&P 500 lost 1.9% last week ending the week at 283, below the next resistance of 285, as more and more countries around the world reach deep into the government pockets to get the much-needed funds to get the world economy going once again. The US, Europe and other global markets declined last week as a meltdown in oil prices increased volatility in the markets. The May WTI oil futures contract price dropped to a negative price before expiring, and the June contract price dropped too, this is the first time in history that oil prices are negative. The very bad move in oil prices is a result of many factors, such as selling pressure due to technicals prior to contract expiration, plus limited storage space due to a drop in demand for oil. Stock prices improved later in the week with the government enacting another coronavirus relief package that includes additional funds for small businesses. AlphOverBeta Next Week Forecast The next few weeks are decision time for the market and cherry-picking for specific stocks that may be the early ones to come out of this current crisis. The market has been range trading for some time as traders as contemplating which way to go, up or down, range trading usually means very good time period to cherry-pick specific, high-quality stocks at favorable prices which is what we did last week and will continue to do this week as well. Our models support the more optimistic side of the market with a 310 target for SPY in the near future that will be followed by a correction and then another leg up. Are we in a stock market bubble? Our models support a slow recovery in the market, with a sharp disconnect from main street and the economy and that's for a number of reasons : 1. Massive stimulus packages 2. Massive rate cuts, together with 1 that means a lot of cheap money that has to go somewhere 3. Many bargains at current price levels 4. Deep optimism within the trading community that usually translates into an uptrend That's our forecast and we follow that in our portfolio BUT we also have quite large hedge positions and tight risk policies. Is it time to buy Oil-related stocks? An experienced trader should know to filter the noise and look at the market reality from a neutral, non-judgmental stand, The current meltdown in oil creates many good opportunities for companies relying on oil-related products to lower costs and provide high-quality products at cheaper prices. Oil is not only the source for transportation but also serves as the basis for other related products, such as: soap, perfume, and other cosmetics fertilizer, insecticides for the agriculture industry tar, asphalt for the infrastructure domain and last but not least Plastic, which is the base for many products from kitchenware, furniture all the way to packaging. So when doing research for opportunities these sectors should also hold some of them. AlphaOverBeta uptrending watchlist Using AOB Dashboard to spot trending opportunities in the market. APA MUR FLR XOP SIRI EBAY Check out the list on our Dashboard Out top-ranking stock for the week is Apache Corporation (APA) Apache Corporation is an independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids (NGLs). The company has operations in onshore assets located in the Permian and Midcontinent/Gulf Coast onshore regions; and offshore assets situated in the Gulf of Mexico region. AlphOverBeta Sectors rank As we stated last week, the biopharmaceutical and healthcare sectors are picking up momentum, we estimate that this trend is a long term one and is here to stay, the next 6-9 months are going to be all about protecting ourselves from the current and future pandemic, so these sectors make complete sense to investors, Our long equity portfolio is long on the sector and specific picks in that sector Trade Smartly, Alon, AlphaOverBeta
AMEX:SPYLong
by Alon_AOB
2
[$BTC] La sortie du biseau ascendant - Signal Baissier à CT Bonjour à tous, J'espère que vous allez bien ! Comme évoqué dans video d'hier ( ), nous arrivions à une zone de forte résistance et les acheteurs n'ont pas tenu la pression , et on a assisté à une belle baisse (entre 5,83% pour le $BTC, 7,63% pour l'$ETH au moment où je vous parle) Le $BTC est sorti du biseau ascendant, ce qui crée une mouvement baissier, à voir pour la continuité du mouvement. En effet, si on regarde la Lagging Span, elle est en direction du bas du biseau mais pas encore traversé, à voir si on rebondi ( retest du prix ? sur le bas du canal pour confirmer le signal baissier). Je revois mal une réintégration du biseau au vue des l'ensemble du mouvement du prix depuis un mois: nous avons réalisé les 5 vagues d'impulsion se terminant par un biseau ascendant. Coté $ETH, on est arrivé pil poil au bas du biseau... Maintenant c'est simple, soit on reste dedans , soit on casse et c'est parti pour les étapes de retest des différents supports ! Si vous avez shorté, bravo, j'espère que vous avez pris vos profits ou alléger si vous pensez à la une continuité baissière. Stay safe :) PEACE !
COINBASE:BTCUSDShort
by NicoDCrypto
FALLING MARKET AHEAD ?My suggestion on the market right now is that if wee see another selling period, we will see it today or at least within the next few days. (Look for the 20EMA in the daily and the bearish cloud in the H4 chart.) In my view the market also was a bit to optimistic in the last few days especially about the virus situation in the US. As you can see we're standing right in front of key levels in my technical view. It would also be the 5th wave of the wave count in bearish direction. So look for another phase of selling pressure, get some liquidity to take your chances if you see the same constellation. But be careful, look for your risk management, all trading involves a substantial risk of loss.
TVC:DJIShort
by macrolukas
Bitcoin Outlook 2020 Q1 - The Beginning... AgainRevisiting my long term outlook on Bitcoin, I have advanced us forward in the time line. Even though I believe the chart shows us much higher up than previously thought and also giving me reason to give validity to "The Halvening is already priced in." ... I am convinced this just shows how epic and parabolic the next Bull Run will be for Bitcoin. *** Don't Forget to Follow me here on Tradingview for more Outlook Updates *** The Halvening is Already Priced In Measured move down from the previous ATH in 2016, right about when the 2nd Halvening happened, we were -31% from the all time high. In June 2019 we hit that same -31% from the previous ATH. This leads me to believe the claims that the Halvening is already priced in could be true. However, I only see this as positive to the parabolic nature of Bitcoin and ultimately will propel price much higher than expected. Trades should proabably be to the Long side and should watch for big pull backs after the Halvening in May 2020. Be cvautious. The 1 & 2 Rise up from the Never to Return Double Bottom In 2015/2016 there was a 2 step push up (green numbers) from the all time low to the -31% of previous ATH. In 2019 we saw an enormous push to the upside from $3,500 to $13,000 to the same -31% from previous ATH. Both of these moves gave ~+300% gains in less than a year. Once again I see these comparisons as proof that Bitcoin is moving even faster and more parabolic than previously thought. In some other ways, the current price action is lagging or taking longer to consolitdate, but there are still instances of quicker and sustained reactions with less volatile wicks as before. Touchback Confirmations The Point of Reference (POR) I have noted (red box / yellow dash line) was a previous price level of support on the way down to all time lows. Therefore, it served as a good level to bounce off of as support to show confirmation of further price movement to the upside. In 2015 this happened very quickly at the #1 push up passed the POR and price never came back again. In December 2020 we had the same pullback/touchback confirmation at the POR level prior to any #2 push up. To me this once again shows me that Bitcoin has more sustained movements in price rather than multiple ups and downs testing limits. If historical patterns hold true we should not hit the POR level at $6650 again. Trading the Future My own personal investment advice to new traders or unconfirmed successful traders is to HODL a large majority of your Bitcoin portfolio and utilize leverage trading only to enhance your portfolio. Any OGs will tell you that so many people would be RICH if they just HODLed everything they had. Me included. ;) For actual trading advice I would say, always go with a LONG bias on high time frames like Daily and 4H. Smaller time frames it is just normal trading as usual. Don't get REKT and hope to see you in my next 2020 Q2 Outlook chart. -= Bonavest =-
BITFINEX:BTCUSDLong
by Bonavest
USDJPY REVIEW ABOUT THE TRADE POSTED ON 23 JANDear traders, I posted a sell trade on USDJPY on 23 JAN. It already started to move in our favor. We are already in profits. This will go to the TP(108.968). It has broken a upward trendline. And the selling pressure is a lot. According to volume analysis, its indicating a downward movement in the future. __________________________________________________________________________________________________________________________________________________ Guys if you like my ideas, please drop a like and follow me if u like my trades. Post comments about your idea too. We can manage the trade together. __________________________________________________________________________________________________________________________________________________ DISCLAIMER: __________ This is just my personal opinion. Every trader is independent. Every trader has the freedom to place a trade in any direction. Thank you for your support, FX Specialist
Short
by ForexSpecialist
USD/JPY: Outlook and great OPPORTUNITY!Hey tradomaniacs, welcome to an outlook for USD/JPY. We were retesting the daily trendline with a strong bearish reaction and are waiting for the market to retest this price-zone. This is a very nice chance to follow the primary trend and would give us a great risk-reward-ratio. Still it is important to see a confirmation for this setup since a potential S/H/S-inverse could cause a break above the trendline for more bullish momentum. ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
Further downside on the cards for EUR/USD?On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged. For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was only for 4 billion dollars of 7-, 12- and 20-year bonds but there was extremely high demand, around 20 billion euros worth. With that, the bonds priced about 20 basis points below China's initial target, according to a report. Why this event is so important? For few reasons. The big one is that the euro is increasingly the preferred funding currency. It also signals the increasing cooperation between China and Europe. Finally, it signals China's efforts to diversify its FX and economic exposure away from the US. With this demand and the near-certainty that eurozone rates will remain pinned to the floor, expect more countries and corporates to issue euro-denominated debt and promptly invest it elsewhere. That should keep the downside pressure on the euro, but could also give it further positive potential during risk-off phases. In additional, take in mind that intraday strength in the US dollar index is a key factor behind weakness in the EUR/USD. From technical analysis point of view, a clear break below 1.1062 support suggests completion of the corrective rebound from 1.0879. On the daily chart we have seen also clear break under the short-term support trendline. Now, intraday bias in EUR/USD is turned back to the downside for retesting 1.0879 bottom next. But if the common currency manages to protect the abovementioned support, the technical picture would change. On the upside, a sustainable move above 1.1093 minor resistance will turn intraday bias neutral first. Further break of 1.1179 (October 21st high) will resume the rise to 1.1412 key resistance next. Ultimately, I am a seller of this pair until we break out above the 200 day EMA on a daily close at the very least. Look for signs of exhaustion after short-term rallies, and then take advantage of any opportunities you get to pick up US dollars “on the cheap” going forward.
Short
by ForexTrendline
S&P 500: Week 37 OutlookLast week’s move on the S&P 500 invalidating our daily rising wedge pattern, requiring us to revise. There is no doubt about it, the S&P 500 (along with other U.S. markets are rising.) However, we are still bearish as the patterns offer higher probability then pure price movement. Positive U.S and China news along with U.S. Fed decision to keep the plans to cut rates later this year is inspiring the bullish rallies. The S&P 500 closed up +2.06% for the week, showing quite a bit of strength behind it. We still carry a bearish outlook on the longer term, however, we are cautious in this market due to its sentiment. After revamping our outlook we have a short term downside target of $2850. THE PLAY: Sidelined until we see bearish candle patterns to show us S&P 500 weakness.
OANDA:SPX500USDShort
by KingdomRichOffical
OIL: Week 37 OutlookOil finished Friday up just +$0.45 cents (+0.82%) despite the Iranian surplus news last week. We are feeling a bit more confident on a gold rally as it has broken out of the bearish flag pattern showing investors are in good faith over the trade war and OPEC keeping prices down. On the technical side, we saw Oil creep with low momentum, telling us this could be a possible extension of the correction and not an actual rally. However, we are bullish because it did close above on negative news. We still have an overall $61.00 target. If trade talks with U.S and China stay in working good order we could see Oil pop beyond $61.00 before the years out. THE PLAY: A bounce on the top of the downward trendline (in yellow) for a rally higher or small bullish correction pattern forms before taking intraday buys.
OANDA:WTICOUSDLong
by KingdomRichOffical