USA
Exceptional times Watching the charts over the last 2 years now have been "INTERESTING" & even then, it's probably an understatement.
But in all fairness; although the news is often priced into the chart, we have seen exceptional circumstances. We saw a de-coupling of Britain from the European Union, what a cock up that was & only now the fall out's are becoming obvious for many.
We had the whole Trump <> Biden saga, possibly the most intense and viewed battle for the power seat! Some people say Trump would have finished world war 3 before it began, others say Biden struggles to start his pace maker. (not an American, or bothered by the political situation). But you have to take note of the global impact these events have had, over all tradable instruments and asset classes.
We can't forget this as also been during the COVID era. World wide disruption; amazing how it's ravaging the air above 4 feet, but if you sit in a restaurant - it passes over your head. We have seen world leaders have BBQ's at the G7, Policies being changes prior to campaigns and ever increasing vaccine mandates. All of this will impact the charts!
Now we are heading towards a potential world war - Politicians, screwing whoever they want. Simply because they can. Another major issue for the charts and various instruments; you have to sometimes wait for the market to settle or search for unusual opportunities.
** This is not political or giving any bias or view in any way**
It's merely highlighting what we have been through these last couple of years, market sentiment will change and evolve with such events. So the message is stay safe, think of the impact such events could have when trading - deploy proper risk management!
Have a great week!
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.
FEAR, TIME TO ADD LONG POSITION.Weekly Time-frame
We are still bullish, and inside the Ichimoku Cloud Tenken Sen Support Area is in $40,467. Relative Strength Index (RSI) is still bullish. We got rejected in the final strand of EMA Ribbon so we went inside the could, and we will still retest the resistance area soon.
1D Time-frame
EMA 144 and 233 was a strong resistance level, we got rejected and even broke the Ichimoku Cloud Senkou A. Bouncing area is $40,594. If we still break the support of $40,010. if it doesn't hold, next support is at $39,056.
Greed and fear Index is 33 back to fear.
alternative.me
Liquidation is $222M mostly long position. That would be a potential bullish in the coming days as all long position gets closed so it will pump again. We are still expecting it to form higher low to continue the up-trend.
4H Time-frame
We have broken Tenken Sen and Kijun Sen support of Ichimoku Cloud. Next support is 144EMA and 200MA are both located at $40,745. EMA 233 support is in $40,961. 4H TF still in the Retracement period in our Awesome Oscillator.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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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.
DOW JONES - DAILY UPDATE - THE CHANNEL TRADING Hello trading friends,
This is an update for US30 depending on the last trends.
This is an update with the channel trading way.
- It's possible that Dow Jones will hit the channel lines and over with increasing trend first - but it's more about the confirmation and time frame
also, a small time frame increase can happen before the breakdown trend.
Dow Jones is still into the breakdown trend - there is still no green trend activated - also on the channel we see that dow jones is still into the breakdown trend.
that would be in some times better - as the trend volume needs further action.
In most cases, the breakdown trends and uptrends start difference. from history when whales want breakdown markets - they pump the markets further on the low time frame, after that there will be a new volume that will breakdown - and this exactly also for the uptrend.
And depending on TA - Dow Jones is also still into breakdown trend. (maintained)
Coming times are important for dow jones - if it makes the changes that we expect could happen - BTC will have also a chance.
Channel trading is at a low time frame - and TA gives more data.
Have a great time.
Reverse Head and Shoulders Setup on SPX, Target at 4480Trend Analysis
The main view of this trade idea is on the 15-Min Chart.
There appears to be a reverse Head & Shoulders chart pattern setup on the S&P 500 Index. The Left Shoulder is seen around 4250 support level. The Head of the chart pattern setup is observed around the 4120 price level. This is initially seen as the lows of the current S&P 500 Index correction. The Right Shoulder is seen around the 4240 support level. The Neckline of the chart pattern setup is constructed from the lower highs of the 4360 and 4295 resistance levels respectively. This setup produces a target around the 4480 price level.
At the time of publishing the S&P 500 Index broke above the neckline and is currently rallying towards the 4480 target. A breakdown of this setup will be observed if the S&P 500 Index were to break below the neckline.
Recommendation
Given the current price levels. The recommendation will be to remain neutral until a buying opportunity arises.
Disclaimer
The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
JOE BIDEN AND EU CAN BAN BTC - SINCE THE SWIFT SYSTEM - READ most ask about my reasons for this predicting of 10K.
i did add in before viewing why I expect BTC can become 10K. and one of the reasons is the swift system.
Since USA and EU have to get Russia out of the internationally swift system, Russia could go to use crypto - but what then will happen are a big ban of BTC - USA and EU will ban BTC this will end in a huge crash - I am not the only saying this
Economist Alex Kruger Warns Russia Using Crypto To Escape Sanctions Would Send Prices Crashing ( more experts saying the same - you can find this all back on google.
# these are my personally expecting and I could be wrong, never trade depending on someone's post, and do always your study.
This are not a trading advice - i personally cant see the future - i just add what i expect personally will happen if russia use BTC.