DXYI want another pullback in the markets. But the market don’t care what I think . Hopefully this works out and we get a pullback large or small .
We could be at the end of the C phase and am looking for a retracement to the "5" wave 38% to 61%. Mac D and RSI is matching with the zero signal line having crossed over towards the down side.
What do you think?
Setups
GBPUSDWorking on Elliot waves so correct me if wrong.
Looks like we are nearing an end to the w-wave phase and entering the "x" phase. If so I would like to see a retracement of 38-61% of the "x" at the most recent double top. The 4 hour is oversold but the daily isn't yet. Could have more room to drop but I want to scale in now for a long term hold.
What do you think?
ETHUSDLooks like we broke out of a symmetrical triangle into a new wave phase! Could be wrong but let's see if we can hit target 1 or 2 as we move in the early phase of phase "3" before the next correction.
RSI is oversold and the MacD is on the bottom side along with the signal line with some small volume starting to kick in.
What do you think?
NZDUSDElliot Wave Spotted: Contracting Ending Diagonal 3-3-3-3-3
Trying something new here. Looks like we are in the "C" phase of our wave. Want to see price retrace 38.2% - 61.80% of the previous high ( 5 Phase). One can also argue that this could be a double bottom forming as well. On the Daily timeframe, we could be at the beginning of the 3 Phase. So i would expect price to move upside before the next correction.
What do you think?
EURGBPObvious ranging here. Strong support zone since January 2022. Looking for retracement of previous high between 15-50%. Buy volume slowly kicking in as well with Mac D losing bearish momentum.
News to come in the morning (Monetary Policy Report/Interest Rate Decision) This may affect the trade.
What do you think?
XAUUSD Mac D is losing bullish momentum. Sell volume starting to kick in slowly on smaller timeframes. We have been on a hot run and my ema's are starting to bend downwards. I want to see a 15 to 30% retracement of previous low.
A holiday cool off? Mixed sentiment from CPI data causes some investors to pull out at these levels? Who knows?
This is against the grain but hey....that's where big money is made and big money is lost!
What do you think?
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$CSCOTech sector. Has been ranging for a while (Orange lines) no home run but a small $1 or $2 move potentially depending on time.
Mac D on bottom side. Could be losing downward selling pressure. 50% to 100% previous Fib target!
What do you think?
Working towards becoming a full time trader one day. Dying to Live!
Not Advice!
Here are the coins that I've had to remove from "This Week's HotTraders,
I go through our list and remove 15 coins from the list, some of which have pumped and some which haven't. I'll give an explanation for the removal of each in the video. Six coins remain on the list. Link below.
⛓️ 🔗 Useful Links 🔗 ⛓️
(against house rules, see below)
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 25 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
CHPT Looking for 30% retracement on a company that may be being financed to keep them afloat as a new growth company and is still working towards being profitable. I like this company alot. However, I want to see if a W pattern is being formed and they are also negative cashflow and net income.
January 4th - 27th could be a pattern match at some point before continuation.
Let's see where price is at within the future.
EURGBPLooking for this reverse head and shoulders pattern to succeed.
Daily Candle rejecting a resistance from Feb 7th.
Trade is based off sentiment that the European central bank is still reducing net asset purchases and will wait until December meeting to raise rates.
Any adjustments to the key ECB interest rates will take place some time after the end of the Governing Council’s net purchases under the APP and will be gradual.
Monthly net purchases under the APP will amount to €40 billion in April, €30 billion in May and €20 billion in June.
-March 10th Monetary Policy Meeting (European Central Bank)
At its meeting ending on 16 March 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.25 percentage points, to 0.75%.
Given the current tightness of the labour market, continuing signs of robust domestic cost and price pressures, and the risk that those pressures will persist, the Committee judges that an increase in Bank Rate of 0.25 percentage points is warranted at this meeting.
-March 17th Monetary Policy Meeting (Central Bank of England)
sources:
1. www.ecb.europa.eu
2. www.bankofengland.co.uk
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$ADAUSDI like how this looks on the daily and 4 hour.
Overbought on both timeframes.
Mac D on top half.
If you look at price action of 4 hour , you can see the bears are putting up a good fight to control the territory.
Daily, 4 hour and 2 hour giving signals that selling pressure isnt over.
Set stop loss at a point where bears took control on potential reversal pattern/
Looking for 30 to 60% retracement to previous low.
What do you think?
"Dying to Live"
$ULI like where this sits on the daily. We may be gaining some momentum long term even with uncertainty in the market. In my opinion, $UL is not a failing company and customers still use their products for daily needs. I believe this here is a discount from its previous high. Let's see how much price can retrace the most recent high. Last time price was in this area was march of last year. How ironic....
What do you think?
"Dying to Live"