EURUSD was in the huge downtrend tunnel from 2008, and this year looked like that trend is gonna change the direction. But the CHINA-EURO deal has rushed, and the Biden administration is not happy about that. What is gonna happen to the EURUSD?
China starts hunting BABA by monopoly issues, but who is next? Maybe Tencent could be the next. If it crosses that 555 BLUE zone it will fall until the next blue zone.
It looks like time to rest for RIO because 2011 high is enough resistance to correct the chart. Company earnings and copper, iron ore prices aren't reached 2011, and that new covid cases will help for its correction.
It seems now a time to short on SPY ETF of SPDR500, 1M chart. Will it jump up and break that upper line of the tunnel? Or is that big correction is coming to the market? Why sometimes it looks as clear as a plastic bag but feels as hard as a solid rock?
May be long-term uptrend of DIS looks pretty strong, but for now, it is time to correct the way.
Could this fork line be a resistance? 13th fib time zone is bad or good?
Earnings reported, and now may correction will come?
Up or down which way to go? Indicators are showing bearish divergence but candlestick chart shows pin bar on the resistance (21MA) and ascending triangle pattern.
Good news, good correction, good support (also pin bar candle), and now a good symmetrical triangle. It is time to rocket.
Maybe I am too pessimist, but I think there is no room for ATH again. I hope it will fall at least until earnings report.
Maybe it is too much cross on that circle, but I think it is able to up until earnings report or after the earnings report.
For me, now the market is not stable. Because of the US-China situation and COVID-19. Could this bounce on support?
US and CHINA situation getting worse and volume accumulation and price movements look repetitive, for me now it is time to fall.
Will the green line repeats the blue line or it is needed to pull back?
The first small head and shoulders pattern completed. But the second one is too big to become real. I think it is not time for new ATH. RSI, stochastic, Bolinger band, and CCI are bearish and others are indicating negative.