This analysis shows warning signs of gold's uptrend could potentially see a solid correction over the coming weeks.
There is some very bullish price action being observed in Biontech. This could mean a catalyst for all the vaccine stocks could be coming soon.
It seems like a massive accumulation phase has been completed in paypal and potentially a markup phase has begun. If an impulsive move has begun, then its a good trade to go long on a correction.
Moderna has gone through panic selling which tells me a generational bottom has probably formed.
I've analyzed the putcall ratio in this video to show how valuable the sentiment is in determining the direction of the market.
For the past couple months, it seems like bitcoin has made a typical head and shoulders top. If this plays out, we can see a sizable drop in the near future.
It is quite apparent that PFE and the vaccine space as a whole is witnessing capitulation. Details are explained in the video as to why a major bottom is forming.
Once again, Tesla has gone vertical which leads to a short squeeze and buying climax. Based off today's reversal price action, it seems like the top is behind us.
Pfizer is showing signs of accumulation past few months which means a markup phase is coming very soon. I am assuming the market already knows some major catalyst is in the pipeline.
In this post, I have shown the put-call ratio which is a reliable measure of sentiment in the market. When everyone is optimistic, that's typically when the market tops out.
Using Elliot Wave and COT data, I am making a case that gold is probably topping out very soon and a sharp correction should follow. When everyone is bullish, that's typically not a good time to be bullish.
1. Moderna is extremely oversold and we’re starting to see a very reliable bottoming pattern; i.e. bullish divergence on the RSI. This exact setup was seen few months back (see chart) and that’s how I called the bottom back then. 2. Given all the news about bird flu, not only does it put a floor underneath this stock but makes it quite likely a major rally...
After the selloff in early August due to the Yen carry trade, panic levels exploded. However, over the past 3 weeks, the market is back to extreme complacency and that's not a good sign for the bulls.
Over the past 10 days, the SPX has had a very strong bounce. These aggressive moves are typically indicative of bear market rallies, as opposed to bull market rallies.
This video is an analysis on the Wyckoff accumulation setup. All aspects of the method are being checked off so it's just a matter of time before we get a breakout due to a "catalyst in the news". Obviously, good news for the vaccine sector will probably be bad news for the overall market.
This setup is a swing trade which could last a few weeks. It seems like zoom is forming a major bottom due to the reasons mentioned in the video. Appreciate your feedback !
I've used 2 indicators, namely, RSI and Bollinger Bands to make a case as to why price is unlikely to go higher.
Global indices are are not supporting this recent break to new all time highs (by the American indices). This is a negative divergence which is a warning sign as per historic signals.