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The TRUMP Inflection LineUS markets are closed today so I thought I would slide on over to the German index and give it the 1.618 treatment. I was not disappointed. The 1.618 is the hallmark retracement of my favourite pattern, the Head and Shoulders. Why? Because it’s usually the most accurate of all reversal patterns both bullish and bearish. These particular 1.61.8 retracements are special interest to me because of the line in the sand that was drawn by the US president Donald Trump back in 2018. This marked a series of retracements from head and shoulder structures that are still playing out today. To start, I’ll go back to the 2018 UN meeting where President Trump warned Germany and UN leaders that they are becoming dependant on Russia for energy. Enter the first 1.618 bear Head and shoulder The bottom of 2018/2019 bear market also left a 1.618 retracement via a bullish H&S pattern with a key support level you see the 2022 markets as a major resistance level. In this retracement we see Trump was back at UN right at the test of the neckline which began the retracement to the 2018 bottom. Notice how the target for the 1.618 was reached at the same line that Russia invaded Ukraine. 🤔 Moving along. A less significant, but still relevant 1.618 played out in the shoulder that marked the first gap down of the covid crash in 2020 and connects with other smaller 1.618. and who’s neckline also marks the 50% retracement of the 2020-21 bull market rally. It also marks Trumps 2nd speech at UN and the Ukraine Documents. Next Exhibit Please! Now, even Covid bottom is now undressing its role in the 1.618 retracements with an inverted head and shoulder that marks the bottom of the covid recession. And again we see the significant strong resistance and ultimately the top of the 1.618 retracements. Zooming in, we see the other shoulder of the covid Inv H&S was a 1.618 retracement as governments scrambled to deal with covid, russia aggression and looming supply chain issues and energy problems. Now is when things start to correlate with the other 1.618 retracements. A top in global markets is formed with a rather volatile h&S at the top, but plays through exactly as Russia Invades Ukraine and is also the 2018 Bottoms 1.618! And Finally the Inverse H&S forming now that I present in this idea. From a macro perspective I don’t see this last inverted H&S validating. This setup would require positive news from US markets on inflation and to complete would mean an end to Russian aggression or sanctions on oil and gas and advert a humanitarian disaster this winter. Failure to validate this head and shoulders would lead the economy deeper into a recession and become just a shoulder for the next inverse 1.618. If it invalidates, then see S&P 500 1337 MAGA STRUCTURE that will instead follow through. Thanks for Reading. Please boost if you enjoy the article and follow @SPYvsGME for more market perspective from the >>GRID<<
XETR:DAX
by SPYvsGME
2
DWAC (Truth Social) Looks Ready To Recover (200% Potential)Truth Social SPAC DWAC looks about ready to recover. A very strong correction took place since early March this year that resulted in a total 78.40% loss of value. Now we are getting early signals that things are about to change. The current price action smells to liquidity hunt. A break below support just to quickly reverse. As usual, bottomed out; Very low risk with high potential rewards. You can find the targets and stop-loss details on the chart. Namaste.
DLong
by MasterAnanda
4
If Elon redefines Twitter, what`s the purpose of DWAC anyways ??I first bough DWAC at $12: Thinking that Truth Social will take some market capitalization from Twitter and Facebook: But since Elon Musk wants and most likely Will buy Twitter and enable true free speech on the platform, where Donald Trump won`t get banned that easily, then what is the purpose of DWAC (Truth Social and the rest) anyways??? Ok, let`s say it`s a republican new media platform, but then how you justify the approx. 10 Bil market capitalization at the current price, after the merger??? To be honest, i think this stock could easily go to the $23.50 support and even lower than $10, like most of the SPACs, if they don`t deliver great news for the shareholders. Since the Musk takeover of Twitter, DWAC has already retraced significantly:
DShort
by TopgOptions
6
Are Bears Playing With The Bulls Balls ??Weekly Time-frame Seems like we are respecting the Breakout Area or the demand zone we will see if we are able to hold this position we can expect more to the upside if this holds. We are currently in the High Volume Node in the VPVR which is a good Support. 1D Time-frame We are currently in the demand zone. which most probably will hold We are creating a Bullish Harami. Expect more to the upside for the day. 4H Time-frame Resistance is waiting at $42,911, $43,287, $43,926. We are making a double bottom and also the awesome oscillator is twin peaks bullish. RSI is also bullish, VPVR is Low Volume Node, Higher Volume Node in VPVR is waiting at $43,287. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar
2
Bears Controlling Dumping To 40K!!Weekly Time-frame We are currently sitting in the breakout area of the double bottom. If we don't hold this area we can expect more to the downside. If we hold this area we can expect a massive pump again but this has little to no probability at all. Bearish has more bearing to happen than the bullish scenario as we can see the SPX Russel 2000 stocks are dropping. Bitcoin is just following the bigger market. 1D Time-frame We have a bearish Engulfing in daily time-frame which we can expect more to the downside. To be bullish we need to go above $44,270 to $44,723 and make it as base then we can expect a rally base rally. For now where the pump started is now going back from it $40,972. Today is weekend so do not expect much volume. I suggest to trade alt coins during weekend. 4H Time-frame We are having a drop base drop at the moment. Expect a retest to $43,118 before it drops again but if the trend is strong We might bounce only up to $42,769. AO is bearish still. RSI is also bearish. 1H Time-frame How to trade Entry $42,769, $43,249, $43,746 SL 1-5% from whole portfolio $47,186 Leverage 10x-11x Use 1% from whole portfolio. TP 1 $42,527 TP 2 $42,089 TP 3 $41,106 TP 4 $40,881 TAYOR DYOR NFA We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar
2
Bears Are Not Yet Done !!Weekly Time-frame Still in a bearish picture. stock market are dropping so we can expect a bearish month if this continues. 1D Time-frame It seems like in 1D TF we have a doji candle which is neutral candle close to bullish harami. Rejection area still waiting at the supply zone $43,800. Demand zone waiting at $42,600 4H Time-frame Double bottom forming and that would be a bullish sign until we hold the area of EMA 233. Once SXP drop then this too will break to the downside. We have a drop base drop. 1H Time-frame how to trade BTC SHORT entry $43856-$43747 SL 1-5% whole portfolio $48326 leverage 8x - 35x 2% portfolio only TP 1 $43140 TP 2 $42692 TP 3 $42240 TP 4 $40400 TAYOR DYOR NFA We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Short
by Trade_Scholar
XRP Is Not A Speculative Investment, 5$ !!XRPUSDT formed support at $0.81 with the channel broken @ FIB 61.8% ($0.86). Price is getting back to the resistance, a pull back happened to create momentum which will break it. With the impacts of the current suit case, XRP has been bullish fatigue; however, a positive rumour drove the price to a high of $0.9 back on March 27-28, and if XRP is really winning, in long term it will cause a major market shake and taking the prices to $5 or above. In general XRP is bullish, but fundamentally speaking, the news is causing investors to hold, leads to lower market volume, we see that in the formation of 4H candlesticks We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Long
by Trade_Scholar
Whales In The Market, Could Break 50K ?Weekly Time-frame We confirmed breakout candle in weekly time-frame for double bottom and downward slope resistance. We can expect more to the upside for this week. Awesome Oscillator is bullish also. Ichimoku cloud Senkou span a is about to be broken as resistance. If We break it we can expect more to the upside. If we get rejected in the supply area we can start having a correction. 1D Time-frame We are currently in the High Volume Node in VPVR which is a strong trading area. We might go sideways in this area or if we break it then we can have a rocket pump to the upside. We need to turn this supply area into a base and continue pump to the upside. Awesome Oscillator is also bullish. RSI is not overbought yet in 1D TF. If we don't hold this as a base then it will end up as flip zone. Where you can expect a drop from this area. 4H Time-frame 4H time-frame Bullish Saucer. We can expect more to the upside. Greed and Fear index for crypto is now #60 which is greed. We might stay here for a long time now or this might be a good time to short. We have strong volume to the upside so we can expect institutional money entered the. market. we can enter in the retest of the zone. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Long
by Trade_Scholar
Could Bitcoin Be Forming A Support Zone? At 40,000 Weekly Time-frame We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral. 1D Time-frame We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection 4H Time-frame Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PLong
by Trade_Scholar
$DWAC - Bearish Descending TriangleA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. From Trading Sim: You can identify the descending triangle reversal pattern at the top end of a rally. This pattern emerges as volume declines and the stock fails to make fresh highs. The pattern indicates that the bullish momentum is exhausting. At the same time, price action forms a horizontal support level. After price bounces off the support level multiple times, posting lower highs, we can anticipate a potential downside breakout. The minimum distance that price moves prior to the breakout is measured from the initial high. This distance is projected lower after price breaks out below the support level.
DShort
by jaykenneyTRT
1