US
FB / META making a come back?+ FB bounce back above 200MA (yellow line)
+MACD crossed up (although below zero line)
+ currently sitting at 20MA (red line)
+ hammer alike candle
immediate resistance at $340 (gap resistance)
Next R $350 ( 50&100MA)
SL if $320 violates.
_Please be informed that our analysis is based on historical DATA to predict/forecast upcoming movement, our bias may change due to market conditions. _
Disclaimer:
Please be informed that above analysis are solely for education purpose; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
You are responsible for your own risk management Do Your Own Due Diligence
US Dollar Trading IdeasThe US dollar has retraced from relative highs. We anticipated resistance 94.18 yesterday, and that is exactly what we have found. We appear to be establishing value between 93.82 and 94.18. Currently, we are clinging onto the 94 handle, barely hovering above 94.00 at the time of this writing. If we see another burst of momentum, we will need to clear 94.18, then the next target is 94.45. We will see further support at 93.60 and 93.43 otherwise.
Euro Situation I feel that the 4 in Elliott terms is pretty much there - this goes all the way back to my related idea in April this year.
We can now see the ABC in this move which is part of the higher TF count. It could even be complete here. Now what we are waiting for is the change of character before jumping the gun.
DXY is still playing respectfully -
So now it's just a little confirmation and we can expect to see divergence in momentum to price action.
Nearly there as they say. Would not be surprised to get a dip to the 123.6% level but less likely to give a full 1.618 here.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
US Oil (WTI Crude Oil) Analysis and trade IdeaOil has broken structure to the downside, and a return to the originating impulse was expected... and now fulfilled. What now? This video explains identifies the most likely scenarios... and the higher probability movement.
I believe price is indicating further declines, for a shallow pullback on the HTFs.
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.
Currently ascending. Do not think about sellingHello to all
If you look at the daily chart, you will see that the current trend of the Euro is upward.
You could have considered the loss limit less just to know that the general trend is up in 30 minutes time frame, I considered this amount.
Thank you for your likes and comments.
$NVDA: Scoop There It Is ⤴️Recent political environments regarding Taiwan Semiconductors have highlighted the world's economy's need to wain from the dominance of TSM in the semiconductor manufacturing process, I think a great deal of money is going to come into NVDA both private and government as the US seeks to retain harmony with political rivals. This could greatly benefit Nivida's market cap, the stock has also shown how effectively it can move in massive cycle's so timing a perfect entry could be difficult through this range, but try scaling in and keeping your cost basis as low as you can.
BOEING - Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
BA is overall bullish , trading inside our brown channel and since it is retesting the lower brown trendline and round number 200.0, we will be looking for trend-following buy setups.
on DAILY: BA is forming a channel in red, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, BA would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC - Weekly Short TradeCurrently at 78.6% fibonacci retracement, should this hold on the higher timeframes I would expect a downturn from here.
Lower timeframes look good, Daily closes on or around the retracement around $57K is what im expecting.
This could be pricing in some negative news coming in soon, around the 15th - 18th October with the US Government running out of money.
USD/CNH Triangle Apex Nears, Will Prices Break Higher or Lower? The Chinese Yuan's volatility versus the US Dollar has eased considerably in recent months compared to price action seen earlier this year. USD/CNH is quickly approaching the apex of a Symmetrical Triangle pattern, however. This may see the currency pair make a break higher or lower in the coming weeks.
Technically speaking, the triangle doesn't show bias to either side and prices are gyrating around the 100-day SMA. However, fundamentally, the Yuan's position versus the Greenback doesn't offer a strong picture given the prevailing housing market headwinds in China.
USD Strength: DXY Forecast Pt.2Overall USD strength is still Bullish on a technical standpoint
Price has rejected the previous zone as forecasted yesterday.
However we aren't 100% in the green for the USD just yet; It has to break above the white supply zone before we may see good USD strength. Watch out for the upcoming days and news releases also.
USD Strength: DXY ForecastThe greenback has made a very strong bullish push for the past month.
As we start the new month of October, I expect the USD to retrace towards either:
The the weekly trendline
Previous resistance
Support 93.000
...before continuing higher (Provided positive fundamentals for USD)
Things to watch out for this week (Fundamentals):
OPEC Meetings (Monday) (Today)
ADP Non-Farm Employment Change (Wednesday)
Average Hourly Earnings m/m (Friday)
Non-Farm Employment Change (Friday)
Unemployment Rate (Friday)
USD Super Strength ExpectedFundamental wise , The Greenback made a strong push with the ever-rising inflation concern. It seems that the FED is starting to feel the pressure of inflation however the situation remains uncertain as the Delta Variant is still rampant in the US. This seems to be a hopeful outlook towards a rate hike. We should we remain cautious as Final GDP q/q and Unemployment Claims is expected to be released later today (Expected to be good news as inflation is high and the FED announced that they're close to their employment goals.
Final GDP q/q
Forecast: 6.6%
Previous: 6.6%
Unemployment Claims
Forecast: 333K
Previous: 351K
On the technical side , remain cautious as price is currently testing the 94.300 Level and may reverse towards a weaker USD. If price breaks and retest level 94.300, I will be looking to go long USD across the board.
NASDAQ 100 WED REVERSALPossible breakout to the upside or trap to the downside and then reversal upwards.
First wait for breakout!