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FB Update + Spinning Top ** AN Update on my previous FB post FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares for the long term On the weekly chart we have seen FB create a BULLISH spinning top candle, indicating bullish momentum. This is a good indication of short term trend and was where I entered spreads and shares. For this play, we are looking at the short term. After breaking down from its upward channel, it was on a strong downtrend for around 6 weeks, moving back into a demand zone at the $325 area. We have seen a strong bounce on both the weekly and daily charts indicating a strong demand zone, and a possible reversal. Has been playing out perfectly and I am already in spreads for January. I still believe we are at a good price and will be accumulating more shares as well. Good luck everyone.
NASDAQ:METALong
by GringoRiley
THE GREAT CRASH IS COMING! This Fractal Pattern Tells Us Why!Hello friends! It's been a while. Many apologies for that. Life has been busy so I haven't been able to dedicate much time to T.A on TradingView. I have recently pulled out of Crypto, just waiting to see if Bitcoin decides to break-through or crash. Patience is key here - keep cash handy. You want to be sure of your investments (easier said than done in these very strange financial times). I have been researching the U.S Economy lately. How is it that in that there is no correlation between the workforce economy and the stock market? The U.S have recently averted default (when you're unable to make a repayment) by once again - lifting the debt ceiling to 28.9 trillion US dollars (yes, that is correct). This situation, better known as Cockroach Motel is a game that has never been played to this extent before. Keep avoiding a recession by printing your way out of it. Negative consequences? Yes. Many. Here is a dump of my notes and why the US isn't in as good as a position as you may believe: ✓ Uncontrollable Inflation due to the U.S's printed economy. ✓ Debt highly leveraged across all trading firms. ✓ Feds left with no further tools due to 0% interest rates. ✓ Commercial property vacancies increasing. ✓ Energy shortage crisis in Europe and China. ✓ Rising expenses, declining incomes. ✓ Gas and oil prices at an all time high in Europe. ✓ Commodity prices at highs not seen since 2011. ✓ Irresponsible government spending and federal policies. (Yes, the Biden Administrations 'Build Back Better' agenda is a little too pricey for their current situation) ✓ Evergrande and Fantasia Holdings on the brink of bankruptcy in China. ✓ 2008 GFC was the housing bubble crash. Every asset is currently in a bubble. We are in a debt crisis. ✓ 40% of the money in the US economy has been printed in the last 12 months - now more. Feds have printed their way out of the 2008 and 2020 COVID-19 recession and made the debt bubble larger. ✓ Effective Federal Funds Rate is down to 0.8% - cheap money. ✓ Post 2008 recovery is an ongoing untried experience. ✓ Market is currently parabolic, as seen in 1929 crash which results in 90% drop. ✓ Wealth gap is increasing due to printed money. Asset prices increase as yearly salary stagnates/decreases due to inflation. This makes the rich richer and the middle class and poor poorer. ✓ No correlation between the economy and the stock market. Money is staying in the investor market. ✓ Velocity of money is plummeting. People are not spending. The Chinese economy is growing while we are stuck with a massive debt. ✓ Saving going up and spending going down. Debt/GDB ratio is extremely high. ✓ Huge underemployment. ✓ Massive social unrest. Fed and treasury haven't invested in the working class. ✓ Superannuation is going to crash which will force many to convert their portfolio to liquid money. ✓ Armed the Taliban in Afghanistan. Weapons will be used against our only ally, Israel. ✓ Yallan and Powell work for the Fed and treasury which is essentially a communist organisation. ✓ Bullish Gold, Silver and BTC ✓ Michael Burry and Robert Kyosaki predicts crash of 90% and American financial system collapse ✓ The US Government is inviting inflation with its MMT tinged policies, brisk debt/GDP ratio, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus and reopening to boost demand as employee and supply chain costs skyrocket ✓ Consumer price index reaching all time highs. ✓ Biggest speculative market of all time - Robinhood generation ✓ Real-estate is currently experiencing hyperinflation. Back to the Chart: I found a fractal pattern from the 2008 GFC which is quite similar to this crash. I wouldn't compare it to the Dot Com bubble as that was far more speculative. This crash is similar due to greed - the belief that the economy will never crash and just continue in the upwards direction despite increasing debt at levels never seen before. Enjoy this fractal and better yet, enjoy the rest of your day. Love, peace, Seb.
OANDA:SPX500USDShort
by SXTrading
9
Can Netflix find TP today❓🎯Entry details are shown on the chart. Working the H1 time frame on this strategy. We're only looking for TP3. Stock ideas is something I'll be covering more going forward. Can Netflix find the TP target today? We'll see. Previous trades shown on chart for reference. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
NASDAQ:NFLXLong
by pow_removetheguesswork
1
Taking Assignment (IRA): MJ SharesComments: Although the shares haven't appeared in my account yet, they will be there by Monday, since MJ finished sub-18.00 at expiry. These started out as August 17th 18 short puts (See Post Below), for which I received a .49/contract credit, so my cost basis in the shares will be the strike price (18.00) minus the credit received (.49) or 17.51/share. Next week, I will proceed to sell calls against my shares, looking to reduce cost basis further. I'll have some work to do, since my cost basis is 17.51 versus 15.95 (where it closed Friday), so the trade is currently 17.51 - 15.95 "in the red" (1.56/contract).
AMEX:MJLong
by NaughtyPines
5
ATOMOSI have been building a position on this one for a while now a bit after the covid crash and its been trending well with a bit of volatility bouncing around this trend. We are heading into an EQ level right now after a fairly impulsive move this week so expecting price to pull back a little before continuing up again. Keeping a close eye on the Supply block from just before the Covid drop as an over all target for now but if the trend continues with momentum and we move into price discovery then could be exciting Bullish on the business in the video content creation world in general
ASX:AMSLong
by DeNomics