CL bullish bias as a wedge gets a wedgie.You can see the formation here of a down wedge within a down wedge (wedge gets a wedgie).this is the yellow wedge and the black wedge. This points to a bullish bias longer term. Though you can see I am a seller right now from 65.10 with target price of about 63.70. This is where the yellow and black wedge intersect. I love this kind of confluence. You can see an example of how price may become bullish (red arrow) by bouncing off the demand zone.
However what if the demand zone doesn’t hold and price breaks through this. We could see a drop to about 59.60 as price takes the path represented by the black arrow.
So watch what price does at the demand zone. If the demand zone doesn’t hold wait for confirmation of it becoming resistance and take a short position. There really isn’t great support in this area so it could be a lucrative trade.
Thoughts and comments always welcome. Please give thumbs up if you like this idea.
Short-long
CL- three possible scenarios
3 possible scenarios. Represented by green up shade box and 2 red down shade box.
So far path is following my prediction from earlier chart (see previous CL post)
- green box trigger if price breaks black resistance
- first red shade box triggers if price do not break resistance
- second red shade box triggers if double to forms.me which would also end the green box trade
As always aggressive entry on break of resistance or failed break of resistance and conservative entry on retest of this resistance.
Please hit thumbs up if this idea interesting and please leave comment.
MARKET CRASH - JUNE 2022 ?Hello everyone
I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in the same direction. That means if short-term bonds(STB) rise,then long-term bond yields (LTB) should rise as well...so what is wrong ? Every time in history before a market crash these STB and LTB yiels were going in different directions - STB were rising whereas LTB were falling. We can talk about divergence.
Crash Confidence Indicator is in it s highest value since latest market crash in 2007 - that means that many investors believe that market crash is not going to happen... the same scenario was right before 2007 crash
Citi group‘s indicator about euphoria or panic in the stock market is in euphoria sector and is steadily rising
Another indicator..VIX ..is down 28%...that means that fear has crashed
Stocks are expensive relative to 10-year average earnings. We are above number 24 which is much higher than the long-term average of 16.
Relative to GDP,the US stock market looks very expensive
Now look at the chart below. As you can see there is the VIX indicator, SPX (S&P500 index) and 10-y Bond (blue line).
I found interesting correlations between these instruments. As you can see, before every market crash we had scenario when VIX fell and Bonds rised. Afterwards bonds lost their value,VIX skyrocketed and SPX and economy crashed. These days we have a lot of "positive" sentiment in Bonds and we are grateful that VIX is falling...really ? look at the chart...VIX is falling and bonds are rising. From history performance I expect an upcoming market crash in 2022...and in my personal opinion I expect this carsh in the beginning of June.
Take it serious, I am not joking and I put a lot of my time into this research.
Thank you for your time and good luck !
MARKET CRASH - JUNE 2022 ?Hello everyone
I was doing a research about market crashes in history (what was the reason, what happened next and how it was solved) ...So I read many titles about financial instruments in US (Loans,credit cards,mortgages etc) ...yeah and those freaking BONDS...we have two types of bonds - short-term and long-term..and here comes the trouble. They should go in the same direction. That means if short-term bonds(STB) rise,then long-term bond yields (LTB) should rise as well...so what is wrong ? Every time in history before a market crash these STB and LTB yiels were going in different directions - STB were rising whereas LTB were falling. We can talk about divergence.
Crash Confidence Indicator is in it s highest value since latest market crash in 2007 - that means that many investors believe that market crash is not going to happen... the same scenario was right before 2007 crash
Citi group‘s indicator about euphoria or panic in the stock market is in euphoria sector and is steadily rising
Another indicator..VIX ..is down 28%...that means that fear has crashed
Stocks are expensive relative to 10-year average earnings. We are above number 24 which is much higher than the long-term average of 16.
Relative to GDP,the US stock market looks very expensive
Now look at the chart below. As you can see there is the VIX indicator, SPX (S&P500 index) and 10-y Bond (blue line).
I found interesting correlations between these instruments. As you can see, before every market crash we had scenario when VIX fell and Bonds rised. Afterwards bonds lost their value,VIX skyrocketed and SPX and economy crashed. These days we have a lot of "positive" sentiment in Bonds and we are grateful that VIX is falling...really ? look at the chart...VIX is falling and bonds are rising. From history performance I expect an upcoming market crash in 2022...and in my personal opinion I expect this carsh in the beginning of June.
Take it serious, I am not joking and I put a lot of my time into this research.
Thank you for your time and good luck !
Why pay attention to head and shoulders?Head and Shoulders is one of the most reliable patterns in trading. You could find the stats on this - I've long forgotten them.
Many H&S pattern fail and you have to be prepared to take controlled affordable losses when engaging them. But when they do fall in your favour, they could be big earners.
As always, these patterns do not 'predict' - they create probabilities. For every estimate on probability in one direction there is a residual probability that it won't work for you. That's where the stop-loss comes in.
Strang things can happen with these - based on experience.
1 - the pattern fails completely.
2 - a second right shoulder develops (usually in bullish markets).
3 - price stalls in a range for a long time.
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
ETH/USDTHello again.
The green rhombus target was the red rhombus that was struck and also the red rhombus target was the area of 2000 that was struck!!!!!!
The first target is the current rhombus pattern 4500 and the second target is 5000. If the price rises and the price stabilizes in the range of 2000, we will expect this target.
And if we start modifying the tag, we have $ 1,000.!!!
What is your analysis? Please write in the comments.
Market structure (supply & demand) $42,100 - $42,999 (March BTC)Good evening traders,
I'm sorry for not being active over the past week (I started a new full time job and finished my training week) HOWEVER, I will be posting 2-5 times every week going forward but wanted to make a quick technical analysis because it's now March 2021.
What happened in March 2020? One of the biggest crashes in crypto and stock market history.
Do I think history will fully repeat itself? Of course not.
Do I think history will rhyme? Of course I do.
The timing of price action and the current month of the year (2 months left remaining in Q1 2021) is no coincidence and wouldn't be surprised if bitcoin decides to completely nuke in the month of March.
MARKET STRUCTURE:
Previous all time highs:
#1: $20,000 (still not retested)
#2: $42,100 (still not retested)
ALSO, we haven't yet completed a 30% pullback on this current downtrend we've seen.
(a similar correction from the previous ATH would take us to around $38,000, give or take a thousand dollars)
Please get this technical analysis to 30+ likes to unlock more content (please smash that like button or leave a comment to show your support) 👍
Stay tuned for daily/weekly updates around daily close (7pm EST)
TESLAHi again .
If the price returns and goes above 1000, the probability of growth up to the green prz can be considered higher!!
If we face a decrease in price, if the purple prz is broken, we can expect the price to reach the red prz!!
Purple prz Target Lozenge Pattern.
Red target prz Orange channel height.
what's your idea?! <3
Adhh... Adhh... Ada Know What To Do With My Cardano!Adhh Adhh Ada Know What To Do With My CardaNOOOOOOOOOO! LOL
"I personally feel that buyers are going to increase their exhaustion buying dumps. Also Minimum Wage Hike hasn't hit fast enough for the little guppies to nibble up all the Whale crumbs.. As things sink down toward the inevitable abyss."
"Noobs please understand some people have had bags bigger and longer than you."
(Placer note Emoticon Shoulder Shrug)
What are your thoughts? Is it bad that people like to realize gains say "Cool! More Dollars now!" Or am I really the only person that's down to pull profit and even short a little??? LOL
-No advice to give just thoughts that I can't shake after the last 6 years in the world of "CRYPTO"
"KEEP CALM AND MANAGE THY RISK!"
LONGAs we can see, first ascending triangle broke, as i expected. Now waiting for the second triangle to break.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go for sure up to .61.
DJI: Kill zone ahead - scary stuff! It's a kill zone. But note carefully there are losses here.
You can't win in this business unless you're prepared to lose! I would welcome arguments on that one.
The chart shows that the rebellion of price looks powerful but on the squeeze momentum assessment it isn't that powerful. Price movements tend to scare new traders. Well, okay - if you can't take the loss stay out.
In this position I cannot predict that price will fall nor can I predict that price will bust up and through the kill zone.
All I can do is take a loss - an affordable one. There is a natural bias for winning positions. Hence seemingly unlikely positions tend not to be shown.
When price moves north it is natural to think it will continue moving north. But what if the trend picture is showing probability for the south at the same time. Scary stuff!
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Bitcoin - Recovery or further decline? - I think down. BTC/USDTMore trade reviews on my channel.
Good day, dear friends, traders.
Bitcoin on review. 1 candle = 4H TF.
The trading chart shows a symmetrical triangle. (wedge)
This indicates that the market maker is forming a large accumulation of orders (accumulation / distribution) for a further rise or fall in the price in the desired market direction.
I pointed out each level to you on a chart, but expect to see a price in the region of 36000-38000. Maybe I'm wrong, maybe you are throwing tomatoes - but this is my opinion and how I see the situation on the market.
There are certain margin values. There are levels and statistics, there is a specified range of work.
Everything that is between 44000-47500 levels can be regarded as a flat zone.
By reversal levels and whether the direction of the trend - the indicated levels: 47550-48500 - update of the tops, 44700 - 43700 - update of the lowlands and the price hike to 38000-36000
Everything will change only if the price is returned for the level of 48500, there will be a trade for 2-3 days above this level, then now we can say that the price will be charged for the new ATH.
All my actions, I again pointed out to you on the chart, the white small rectangle is the area from which I will start working.
All my previous trading ideas worked 100% Let's see this time
If you are interested in my trade, I invite everyone to my channel. Link in the description of this profile.
By the way - today we did not manage to break the record profit positions (14 positions), which we have already had 4 times ...
This Channel is not financial advise, It's My opinion and My observation: @opptrade
❗️❗️❗️Disclamer:❗️❗️❗️
Dear friends, traders.
My trading ideas here are not financial advice or coercion into action. I am not responsible for your trading and how you follow all aspects of correct trading.
- I do not recommend that you trade AT ALL if you do not know what risk management is, money management.
- I do not recommend that you trade without a STOP LOSS.
- And I'm not responsible for your "make millions of dollars fast" gag
- I am only showing you the charts that suit me for certain positions.
- For each position - RESPONSIBILITY LIES ON YOU.
If you don't use all of the above, your deposit will soon become $ 0
- Therefore, if you decide to follow my positions - Take responsibility for where the bad outcome may be.
In time, i to bee wrong too, and have a loss.
But with the correct observance of the indicated points, which trade with me others traders - they earn (NOT IN A DAY, but in the medium, long term)
I am only showing you how this or that scenario can work in trading.
For all your actions, only you are responsible.
💠💠💠I am not a scammer and I am concerned about your trade.💠💠💠
Gold- short working so far.GC is moving in direction of my trade. I will take at least half profit at where my target zone is. I have tightening my stop to my entry now. So this now be like a free trade. Yellow line channel being followed nicely. The bottom yellow line is weaker support then upper yellow line give resistance. Also pivot at target is weak. These 2 confluent things mean GC may continue lower than my target. Depending on how chart looking at target I might stay in short and make a trailing stop.
Bitcoin over US dollar potential breakoutHello traders, hope you are all doing well
In my opinion I believe there will be a breakout. Needless to say even though if bitcoin does not go short (which I highly doubt within the timeframe) I believe that a breakout will occur from the the yellow large resistance line in the graph as shown. If predicted so, a high upwards trend will likely occur and will go upwards of 50000.00. Also following up from the RSI, maybe not in the timeframe shown but maybe the 1 hour period, it shows a potential upwards trend to take place and then predicted to go down.
Again this is just my opinion and everyone has their own. However I do believe this will be the case and would love to get your opinions and ideas in the comments.
Thanks!