Is Wall St prepare for losing streaks?So close to make official breakout but question is are we prepared, for losing streaks after the celebrations.
Monkeypox still on the spread , Omnicron Variant emerge mutated worse “ BA.2.75”
China launched missile at Taiwan.. could possible lead WW3.. if china troops set ground troops at their land.
Please becareful as well as Dow jones 30 will have a huge fall as well, watch any reversals
Retracement
Retracement another bitcoin biggest fall yetBitcoin retraced from the big fall of bearish tossed up the wedge meets the strong resistance.
Highest chance we will see the another biggest fall.. bitcoin was very close to hit 25K I don’t think we be able to hit it just yet.. but has to crash down after the retraced.
Bet y’all made a decent money but time to sell it and pressure up. 17500 area isn’t a bottom and experts had said and announced that bitcoin isn’t bottomed yet.. it’s too soon and sky rocketed up like that which showed a danger to the buyers to watch that fake pump. So here what’s going to happen and I know we all expected a huge rocket.
Bitcoin has to crash and break the support of the uptrend we have corrected but the bear market is NOT OVER. Once the retracement corrected then have to make the big fall along for Wall ST. Has to prepare for the losing streaks worse.
Hear me up so the experts announced and said bitcoin hasn’t BOTTOMED YET. They are expecting around 10-12500 is the bottom and stronger floors for the bulls to keep going up.
Now you hear this and prepare for the crypto crash true colors.. please trade said and buy safe at the area the actual bottom is heading.
Any argument?
Tossing wedge meets strong resistance..Big fall ?Retraced from the big fall. Failed to merge the breakout and made a bearish reversal movement at 1641 area seemed to be made a double top nearly.
Amid hit the strong resistance and formed rising wedge.. still in bearish we should be expecting the big fall.
The experts said Ethereum haven’t bottomed yet but a bear retracement, expecting to bottom about 500 or around 600.
They said.
Waiting for that long position if that haven’t bottom then prepare for the worst and watch for reversals
Going down, for nowHi everyone,
Yesterday I talked about how VETUSDT might go back to its demand zone. (link down below)
Today, as I expected, we are not going to have any volatility and it is going to be a bit quiet than the last couple of days. This is only a probability but we might still have some moves.
For DOTUSDT, we are in a wedge and we are most probably doing a retracement to at least the 0.5 Fib level where we also have the support trendline of the wedge.
Please comment if you have any questions, I will try my best to answer them.
Thank you😊
NIFTYHello and welcome to this analysis on NIFTY
From the high's of 18600 made in October 2021, every pullback leg of Nifty has been approx 88%
18350 on 18 Jan 2022 was 88% of the decline from 18600 to 16410
18115 on 4 April 2022 was 88% of the decline from 18350 to 15670
The current rally is at 78% of the decline from 18115 to 15185.
So what lies ahead, lets try to decipher probable scenarios
1. 88% retracement is near 17765 that coincides with the falling trend line - History repeats itself, rally ends near it, "tata, bye-bye, see you Longs."
2. It will breach above the falling trendline and continue its rally towards 18400 at least - Bull party continues, almost everything from A to Z eventually moves up, everyone (except those looking for a pullback and/or short) are happy!
3. It has completed its pullback and will do a pullback/resume downtrend, earliest confirmation as of today would come once it starts sustaining below 17375. - Just when everyone was hopeful that stocks are coming closer to their purchase cost, those stocks which have made us FII - "Full Invested Indians", because we bought them at very high levels and exiting in decline would have cost a huge loss, so holding onto these till .... ! PS This is not for Investors, this is for traders who become forceful investors in stocks where exit did not happen.
Until then
Happy Investing & Safe Trading
GBPCHF mehTaking in account that it was able to handle the support of 1.15283 for a while now and by taking in account the trendline making an ascending triangle and also taking in account that it already got out of the triangle but with barely any strength, we may see a retracement to 1.15283 again to gather liquidation (also if you pay attention the STOCH V RSI, the STOCH line its preferable to be at the lowest point if we wanna see a big move which RN its in the middle)
I'm in a long position but I'm expecting for lower to long even more
Is this recent rally a bull rebound of a bear retracement? To make an assessment if the market has turned bear, during the closing second quarter on 29th June 2022, we discussed on the topic “Using S&P to Identify Recession
and on the 19 Jul, 2 weeks ago the tutorial posted here, we studied and expecting this current rebound, topic “Nasdaq a leading indicator of Dow Jones, S&P & Russell”.
In today’s tutorial, I thought of doing a recap between the two videos and explore if the current market and its development, if it is a bull rebound heading to break another new all-time high or if it is a bear retracement?
I have included both the video links below.
Before we get into this topic, please also take some time to read through the disclaimer in the description box below.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
Tutorial example:
Micro E-Mini Nasdaq
0.25 = US$0.50
1.00 = US$2
(12,900 - 11,900) x US$2
=US$2,000
(Note: Opposite is also true)
• During the closing second quarter in June, on 29 Jun - “Using S&P to Identify Recession
• On the 19 Jul, 2 weeks ago - “Nasdaq a leading indicator of Dow Jones, S&P & Russell”
GOLD UPWARD CORRECTION CONTINUESGold rallied BULLISHLY as predicted in my previous analysis and is approaching the initial target.
This week, We'll get a bearish pullback before the price rallies further to the Resistance/broken support level at 1804 from where we can identify sell opportunities.
Alternatively, if the price breaks below 1762, we'll get to see 1733 initially.
⚡️ #BTCLIVE - 29.07 ⚡️⚡️ #BTCLIVE - 29.07
60:40
Bearish:Bullish
I promise I am not a bear!!! The price smashed through the last point I was expecting a retracement. Amazingly it looks like BTC is finally doing what it was born to do and be a store of value and a safe haven during torrid times like these!!!
We are coming up no to the key resistance of the longer term range and it is definitely the business end of the deal. I feel going into the weekend with alot of bearish TA on the cards will likely result in a retracement of pretty epic proportions.
I am usually pretty bearish on weekends simply due to lower volume and generally more retail heavy traders being active. A lot of folks might be getting a little nervous too now they have made some nice and unexpected gains this week so might be happy to take the profit and chill for a bit.
We are looking at a big bearish divergence on the 1 hour which is overbought too along with an exhaustion signal. The POC line is sitting very low along with the Future Pivot which carries more weight as the week nears the close. Orderbooks are looking a little bearish too.
I am thinking that we will be seeing $22.9k in the pretty short-term with a more max pain target of $21k and possibly lower.
There is a bullish scenario, there is ALWAYS a bullish scenario - but if we break $24.8k or more reliably $25k then it is likely we will see the tracking up to the CME gap at $27k+
Volatility is not over I feel so stay safe!
ADTN - Pullback - shortADTRAN Holdings, Inc. stock shows to be oversold on the stochastic oscillator (over 90). Moreover, We notice the presence of a bearish pin bar that is way above the Bollinger band of EMA as well as the 20 ema lagging far behind. Therefore, we anticipate that price will drop in retracement down until a potential resistance level in yellow.
Entry, stop loss... are shown in chart.
EURUSD before ECBToday, we have ECB Interest Rate decision.
We should see a higher interest rate.
However, this won't reverse the trend and our main idea is to look for short positions!
Best case scenario would be if price moves up to 1,0360 and it then leaves a rejection wick.
This will be our entry signal and we will then expect a lower low!
We're not looking for long positions at all! Also, any trades before the news are not recommended!
The rise on EURUSD has not finished yet The pullback on EURUSD continues and it's now moving towards 1,0360 where we may also see higher values than that.
Tomorrow the ECB will announce the interest rate and this will be a suitable moment to see price at our expected levels.
We will be selling this pair only after a confirmation!
AUD/USD Double Bottom Pattern On The 4-Hour ChartHi Traders,
I hope you are all doing well today. It is Monday and the start of a brand new week. Let's smash those trades this week!
Today I am looking at AUD/USD on the 4-hour time frame.
We have an interesting double-bottom pattern playing out.
I say interesting because the second bottom of the pattern wicked quite a bit lower than the first peak. Usually, I wouldn’t call that a double bottom but because of the clear divergence we see across the MACD, it enticed me enough to wait for an entry on this setup.
Notice how the histogram and the MA lines across the MACD are both sloping upwards. This indicates true divergence as we can see that the sellers or the bears have been weakening, so we were waiting for the bulls to come back in and take control.
I have highlighted the neckline in yellow. I wanted to see a break and close above this yellow neckline zone, which we clearly can see. Now I am waiting for a retrace back into the neckline to confirm that this area has been flipped from resistance to support. My long entry will be triggered once we see that retrace.
I have used the trend-based fib extension to find my two targets. Notice on the chart how these two areas line up perfectly with previous areas of support and resistance. Target one is around the 0.6915 price level and target two is around the 0.699 price level.
Remember, depending where you place your entry and your stop will result in your risk to reward fluctuating. I always aim for a minimum of one to two risk to reward. If we can get more than that’s great! But make sure your risk management is carefully monitored. Don’t risk more than needed. There are always further opportunities.
So, let's see what happens with this one. As usual, I like to see lower bearish volume to accompany the retrace, otherwise, this bullish move could potentially just be a fakeout and we do not want to be caught on the wrong side of the trend. We are seeing some green today across the forex board so let's see if we can capitalize on these moves. I usually like to wait for Tuesday before jumping into any positions, but that clear divergence across the MACD interests me. However, if that retrace does not happen then so be it. We move on to the next one.
Trade safe out there!
Enjoy your Monday!
The Vortex Trader
CADCHF BEARISH CONTINUATIONCADCHF strongly bounced off the weekly resistance zone dropping and closing the week below the pivot.
A break below 0.7470 will open the way to 0.7408 support initially.
If the price consolidates above 0.75250, we can expect continuation of the bullish retracement to 0.7584 and 0.7646 resistance levels.