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Retrace

US Recession? We will Sink at least 50% For a Recession.Between the 2008 great financial housing crisis, the end of the dotcom bubble in the year 2000, the 1970s stagflation recession, and the great depression of 1929 all have one thing in common. The market retraced at least 50% from it's peak. I personally believe the US economy is in conditions for a recession that will at least sink 50% or more if we were to compare to past indicators and technical conditions of a recession. Just my opinion take it with a grain of salt. At the end of the day past is no indicator of the future. However history doesn't repeat itself it often rhymes. There's been a lot of rhymes I'm seeing. Much peace, love, health, and wealth!
SP:SPX
by peacefuljustin
5
GPN Weekly Options PlayDescription This is essentially a "buy the dip" index play intending to ride a retracement as GPN tags and bounces off of a major support level @ 119. Sort-of Hedge for heavy short account. Using a call debit spread to bring the price down and reduce risk. Call Debit Spread Levels on Chart SL < 119 PT : 135 *Stops based off underlying stock price, not mark to market loss The Trade BUY 12/17 125C SELL 12/17 135C R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose
NYSE:GPNLong
by BarnardR
Good long opportunity on GoldEvening everyone, As you can can see based on current price action Gold managed to make a new low with today US session. This is due to the fact, that we were missing out one last downside leg in our Elliot Wave count - on the other hand the speech of J. Powell ahead of Congress was the catalyst for the sell-off reaction. However,I think that we have high chances to go up here for an at least 50% correction in order to get our wave 2 IF this is really the beginning of a bearish Cycle. Since we have seen a lot of selling pressure in the last days, I am leaving the door open in case Gold is becoming bearish all of a sudden. On the other hand, I will analyze the inner structure of Gold once we get closer to 1822 in order to understand if Gold is still bullish or not, BUT in my opinion the tab of 1822 is out of question. This is no financial advice, just my opinion. RT
FOREXCOM:XAUUSDLong
by RT_Trading_
5
EURUSD might fall towards swing low if rejection occurs at 1.165This week might provide a slight correction from last's week aggressive down move in EURUSD. As the downmove happened last week, the monthly EMA was pierced and M candle closed below it. This indicates the path towards 1.1500 is well and truly open to be tested. Here we currently look at the 4H chart for this pair. a possible head and shoulders developing on 1H TF might result in a slight retracement towards 1.16500 level and 4H EMA. Shall the retracement be completed, it is advisable to look for rejection of the 4H EMA which can be confirmed by the TRENDLINE break. Shall the rejection take place, we can expect the price to target the swing low on 4H charts. However it also depends on where the weekly pivot points are present. Shall all the criteria meet, i will update the trade details here
Short
by FX618Analysis