TERM
Aussie Rest of Year Analysis 2022The yellow circles represent major turning points. After blasting thru the July lows this market has really punished the longs. We finally may have a correction. We still have some shorter term resistances to confirm, but assuming we continue up, we will run into resistance at the previous lows. Very simple longer term view
Sell off levels out on FSDFSD Pharma and it's subsidiaries have progress in advancing their three drug candidates (PEA, Lycid Psych. & Lucid-MS) through clinical phases. After partnering with covar pharmaceuticals and Acquiring Lucid Psycheceuticals (subsidiary of FSD pharma Inc.), HUGE was able to recently purchase a new facility in Cobourg Ontario (CAD $17 million) which will be closing of May 31st. Should be a break soon to come after sell off.
USDEUR Long-Term ReviewHello everyone, let's take a look at the USDEUR weekend chart as you can see the price has been moving in the uptrend channel since 2008 and has broken the downtrend line that has been going on since 1985.
Let's start with the designation of the support line and as you can see the first support in the near future is 0.95, if the support breaks down, the next support is 0.89, 0.84 and 0.79.
Now let's move from the resistance line as you can see, the first resistance is the support zone from 1.08 to 1.21, if you manage to break it, the next resistance will be 1.56.
Looking at the CHOP indicator, we can see that in the 1W interval, most of the energy has been used, but we still have some more for the next move, and the MACD indicator confirms the current upward trend.
When I expect the crypto next bull market to beginBased on the all-time pattern on the monthly chart, when next bull market would begin is expected to be somewhere in autumn 2022 or winter 2023, approx.
The red 'strong counter-momentum' diamonds on Momentum Master have always resulted in at least a %55 drop or more within several monthly candles, and that has already come true this time around as well.
This was calculated based on the average bottom duration after those signals on the previous two cycle-bottoms and some margin of error.
Preparing to catch the falling market knife - short-term tradersIn this video we recap the US stock market price action from last week and game plan for the week ahead.
We break down the 3 possible scenarios the market may take next week and how to plan/structure trades around them.
This video was specifically recorded for short-term tactical traders looking to catch a multi-day bounce, and does not acknowledge/discuss the fact that we are in a longer-term bearish market environment.
Sept 22nd - LINK - Possible Long if breaks triangle1D tf
Looking to see if LINK will break the descending trendline
Can enter now at 6.80 - 7.10 area with a SL at 6.18
OR
can wait for price to break and hold at the descending trendline at around resistance at Target 1 (7.622 area)
Target 1 = 7.622 area
Target 2 = 9.530
Target 3 = 12.287