SP TO 1796 OCT 10 2020 BEAR MARKET RALLY TO END 2660 THE CHART POSTED IS THAT OF ONE OF 3 OF MY FRACTAL MODELS DATED BACK TO 1902 WE ARE NOT STARTING A NEW MARKET LEG TILL OCT ALL RALLIES ARE WITHIN A BEAR MARKET THAT STARTED JAN 2018 .
Rally
XAUUSD BULLISH FORECASTSup metal heads
Gold next stop is 1660, simple as that, follow the hegemony.
As always, keep the risk managed.
Cheers :D
GBPUSD continue rallySince the price already break the Trendline,price will continue rally to 120000 before going down to make another retraces
BEAR MARKETS HAVE THE STRONGEST RALLIES!VOLATILITY AND VOLUME LACKING!
I AM NOT TRADING THIS BUT A PRETTY CLEAR OPPORTUNITY!
AMD nearest future. Expected end of the rally. I know that it may look a little saturated, but if you are serious about investing in AMD (which is a good idea IMO, but not at this moment), look closer and you'll find a lot of useful info.
TL;DR:
1) Rally triggered by the launch of Zen2 processors got exhausted.
2) RSI divergence on both, weekly and daily charts.
3) Upcoming earnings (April 17, 2019) not promising anything good, Zen 2 sales declined.
4) AMD cut the prices for the latest Zen2 CPU's which indicates that sales are dropped and they are trying to squeeze every a little bit before upcoming earnings to don't show absolutely awful numbers.
5) Announced MOBILE Ryzen 4000 CPUs is in fact have older Zen2 architecture, not Zen3 as some may think based on the name.
I shorted at 56 and to be honest I'm really eager to re-enter, but we have to be patient, especially in current market conditions.
AMD developed a small wage which may retest the previous high. It may look like an opportunity for some day traders, but expose an extreme risk for long term investors. The target of the wage is right near the previous high, and if the price will bounce from it, we will have a Double-Top after which the price decline may be dramatic.
The targets are ~$35.50 and if after testing the trend line at $48.50 it will fail, the next support must be at ~$25.
From $25 to anything lower I'll buy like there is no tomorrow.
USDJPY D1 SUPPLYThis is a low probability supply zone. If this pair keep pushing up without stop, there can be a chance of a good bounce. BUT if doesn't rally up.... forget it
AUDUSD shifting into gear!Sup traders.
The AUDUSD is shifting into fifth gear to reach my target of 0.6.
If you go back to some of my last ideas, i posted a prediction of 0.6 as the target.
It looks like its well on its way to hit that mark sooner than i thought!
As always, keep the risk managed.
Leave me a comment if you like!
Cheers :D
ETH/USD potential reversalGoooood morning traders
Ethereum is possibly shaping up for some buying activity around the $190-180 level.
If you move down to the shorter TF you can see that bearish momentum is slowing down and we can currently see a 5 drive pattern in the making which would end right in the level I spoke of.
As always, keep the risk managed!
Cheers :D
bitcoin potential longSup cryptomaniacs
From what I can see, bitcoin is setting up for a long, its a level of demand/support.
Ill be watching this closely!
As always, keep the risk managed.
Cheers
BEAR MARKET RALLY! GAPS WILL BE FILLED!BEAR MARKETS SLIDE DOWN A SLOPE OF HOPE!
RETAIL INVESTORS PILLING IN! 401Ks PRAYING FOR A BOUNCE!
GAPS AT 17994.6 AND 28402.9!
UPDATE: #AEX End-of-year rally 2019 seems to have kicked off.UPDATE: #AEX End-of-year rally 2019 seems to have kicked off. Winning!
POWERSup cryptomaniacs
Power is about to go full throttle to the recent high, holding lots my self!
Keep the risk managed!
Cheers
USDJPY SHORTING OPPORTUNITYGood afternoon traders
I wish i could of uploaded this as soon as the us session closed but i didnt get the chance..
Purple box : US SESSION
Anyway, the us session did not break above the days high which made me think the usdjpy would stall, which what i predicted was correct.
Im expecting more down side to come in the US session once a possible retest of the trend line that is marked out.
As always, keep the risk managed!
Cheers :D
STRONG SELL AREA AUDUSDGood afternoon traders
Happy monday!
As you can see we have a strong rejection off the 38% level of the fib retracement.
From what i can see, i am expecting another move thats greater or the same amount as the previous impulse.
As always, keep the risk managed!
Cheers :D
Bitcoin will rally and altcoins are going to plummettAs we can see, Bitcoin has successfully broken a very strong resistance meanwhile majority of alts are still under the resistance as well as that, the bitcoin dominance chart appears to be reaching support, all of this data would suggest that bitcoin is about to have a decent bull run and the alts are all going to drop soon, I have picked out 2 alts (ADA and ETH) which I believe are the most likely to fall
UPDATE:09/02/2020 "A big upward movement is coming for Ethereum"UPDATE:09/02/2020 "A big upward movement is coming soon for Ethereum"
The upward movement for Ethereum dominance will also be larger than I expected earlier .
Will we have a bitcoin rally and a altcoin doom?As we can see, Bitcoin has successfully broken a very strong resistance meanwhile majority of alts are still under the resistance as well as that, the bitcoin dominance chart appears to be reaching support, all of this data would suggest that bitcoin is about to have a decent bull run and the alts are all going to drop soon, I have picked out 2 alts (ADA and ETH) which I believe are the most likely to fall
GBPUSD is rangingpay attention closely to price action
the rally dimmed by fundamental
it caused a sideway range during last rally
overall trend = bullish
set SL TIGHT and be patience
gbpjpy long gbp jpy consolidated after rallying from daily demand, however price rallied up from there an created new demand zone. Waiting on price to consolidate at the current demand zone so I can enter on the rally.
GWO Double Bottom 200SMA GWO has recently passed the 200MA on the weekly chart signalling a strong reversal in the price trend from bearish to bullish. after price showed a double bottom reversal, the price rebounded to break the resistance and cross over the 200SMA indicating a strong bullish trend. Price showed a similar pattern of a double bottom reversal crossing the 200MA in late 2011/early 2012 leading to a strong rally seeing the price increase almost 50% after breaking the resistance. the price target is 45-47.50 (35%)
TSX:MIN Bullish FlagTSX:MIN is forming a bullish flag on the daily chart after a brief rally. The last rally saw the price rise almost 0.20 or 21%. If price breaks out from the bullish flag the increasing volume may shoot the price to the target zone of 1.37-1.43, another possible 20% price rally. growing volume indicates possible strength in price momentum for the breakout to hit the target price.
