Sublime_Trading

Sublime_Trading

What is clear based on the daily timeframe, the EURUSD is in a downtrend. This downtrend began in February 2018 and has since been on a slow decline. Traders with little patience and experience would have found it impossible to short this forex pair and remain short, but the rewards for doing so would have been in abundance. If we look at the highlighted...

Sublime_Trading

Monday 25th November marked another record-breaking day for the S&P 500. It looked bad for the Index when price started to decline on September 19th 2019 where we saw a 168 point drop over a few days. Something came over the buyers who were able to drive price back up, forcing its way through the previous all-time high at $3,028 on October 28th 2019. We expected...

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Price has been doing well since breaking through the previous all-time high at $1,615 on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it reached a high of $1,823 on 30th October 2019. A pullback, which was to be expected, came down and even dropped 122 points in 2 days. Day traders may have been scared off but as trend...

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At the end of last week, price finished with a gap up signalling that the buyers were taking back control and we have seen the bullish momentum continue into this week so far. We are seeing similar price behaviour as the 2017 bullish trends and if history is to repeat itself then we could be in store for a profitable 2020. From the October 3rd low, price has...

Sublime_Trading

Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every big move we can expect to see price become exhausted and form a pullback, reversal or consolidation. In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern. A cup & handle in an uptrend is a strong continuation pattern but only if...

Sublime_Trading

The current climb from the October 3rd low has now grown to 8%, that's a 1% increase from the previous week. As a reminder, price broke through the previous all-time high set at $3,028 on October 28th 2019 and we are yet to see a pullback. If you notice all the rallies highlighted on the chart, they were all followed by a pullback or consolidation. The previous...

Sublime_Trading

Following the 2+ years of consolidation from December 2015 to May 2018, it was likely that price was going to trend to the upside after breaking out. Usually, when price consolidates for lengthy periods of time, it tends to form a big trend in the direction of the breakout. As the breakout occurred above resistance, we may see a trend continue for weeks if not...

Sublime_Trading

Since the 20% decline up to December 2018, just after it seemed like doom and gloom for the S&P 500, the market has found its strength again and has climbed up from the low of December 26th at $2,346 to its current price of $3,078. This is an overall rise of 31% in just over 10 months. With a gap and break above the major previous resistance level at $3,028 on...

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With an overall bullish trend seeing a rise of over 1,955% in the space of 11 years, Apple has seen some impressive growth. Thanks to new popular products such as the iPhone and iPod, the growth continues and doesn’t appear to be slowing down anytime soon. Along the journey to the top, price has stumbled a number of times along the way in the form of...

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The S&P 500 has hit a record high with price finally breaking through the previous all-time high which was set at $3,028. With price making a new high of $3,044 we may see new records being hit with the emergence of a bullish trend. The first attempt at breaking through the previous all-time high on September 19th 2019 failed, which then saw price retreat to...

Sublime_Trading

The EURGBP is approaching an interesting point, technically and fundamentally. On the technical side, price may soon break out of consolidation to the upside or the downside, either way we are likely to see a big trend as a result. Fundamentally, we are approaching the Brexit date for when the UK finally leaves the EU on October 31st 2019. With a lot of news and...

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We have seen some good progress being made in the S&P 500 recently but price has struggled to find its footing over the past few months. This is a change from the period from December 16th 2018 to May 1st 2019. During this 5 month period, we saw how price rallied 25%, climbing from a low of $2,346 to a high of $2,954. This $608 rise soon saw a decline of $226...

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With Brexit just around the corner in the UK, the future remains uncertain for the UK markets. What effect Brexit will have on UK stocks or the British pound is anyone’s guess. In 2007 British holidaymakers were enjoying an exchange rate of $2 for every £1 which gave them double the buying power, the highest its been in history. Looking at recent activity in the...

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With an average volume of 6.3 million, Nike Inc is continuing to soar to new heights in the markets which is probably spurred on by sales being up 41% in the first quarter of 2019. Looking at the technical side of things, we can see from the weekly chart that price has been clearly trending to the upside over the long-term. Price was in a strong bull trend from...

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The EURUSD has been on a decline since February 2018 and appears as though it may continue its descent towards the major support level at 1.0462. Brexit may have a part to play in the decline but whether it does or not, we want to pay attention to the charts because the charts do not lie. The December 2016 low to the February 2018 high is a 100% Fib Extension of...

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The potential impeachment of President Trump coupled with the White House deliberating over delisting Chinese shares from the US markets could result in unexpected turbulence in the markets. Such news events can have a negative or positive effect on the markets. But it can be almost impossible to predict the effects these events may have, which is why we always...

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Often when we talk about commodities, the popular ones that come to mind are Gold and Silver. They have both performed well in the past. Gold is now looking interesting but has been stuck in consolidation since 2013 and silver is still range bound and requires multiple resistance levels ahead to be cleared before we will consider it. What good is trading an...

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This forex pair is featuring for the first time on our TradingView blogs. Current setup: Price is looking weak after failing at resistance which was a previous support level from January 2019. Conclusion: If price continues to fall then it may not be too long before we see a break of the previous low. Any comments or questions, do not hesitate to leave them...