find it interesting, this is the sum of all commodities divided by the money supply. probably doesn't mean anything, anyway interesting. Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets. give me your perspective and ideas
dxy looks bullish but will have to correct last few day's move
I ve noticed that trend is not always a line that goes from tip to tip of the waves. Some time waves(especialy the first big one as in the case of copper) just pass through the line, i guess it represents human sentiment (over bought, panic buy!!...dale al boton dale al boton). i'm betting on the red line as a trend and a simple trend test it's recent growth. o...
cant win dynamic resistances, rsi divergence expect it to fall another resistance level
if the sucker goes and closes candle(4h) bellow 1.5766 same sl(1.58) and giving the current position a higher tp on 1.57 just in case, and leave the actual position in looking for the 1.56 tp thell me what u think don't take this trade please, if u knew me u would probably take the counter trade trade safe
2 possible set ups: setup 1 bull: bullish upside break of the wedge setup 2 bear: bearish downside break of the trend
idea on btc, as you can see the fib retracements have been respected in past, i don't see why it shouldn't respest them in the future. waiting for B and C to confirm, respectiveli 58ish and 38ish if you knew me, you would simply take the opposite trade. lol
depending on opening i might enter a short. waiting for a test of trend or a direct down. recent market conditions make think of a correction, nasdaq was only the beginning, i guess we can find in all markets the same conditions.
saw @secondtonumb8 idea, digged in and found a smaller cup and handle. courrently running in a channel built from 2015(res) 2018(sup) the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area. look at @secondtonumb8 idea...
if the sucker goes more parabolic it will go back in time.
sucker currently GBPUSD is in a descending channel inside a bigger rising channel formed in 2020. the sucker should go down on a tecnical point of view. could go straight down or start bouncing on that grey dynamic resistence giving birth to a descending wedge. the first scenario would bring new lower lows possibly breaking the year trend the second one would...
depending on witch line it breaks, it will go up or down. have no idea about these country's policies, but i guess that japan needs to sell off the yen to have competitive prices on their electronics and industrial products. on the other side NZ is an economy based on agriculture and tourism, they kind of want a strong dollar. but no idea, since from a tecnical...
my bet is that it wont go further low, it will bounce off the decade or so trend line, or at least is what is convenient for both of the economies. us depends on chineese exports and china needs to sell. won't open any trade at the moment. will observe the developement. if you have any political macroeconomical suggestions please comment below, thank you
the sucker is following a downtrend since the pandemic hit it's realy building some manual type wyckof. verry respective of divergence with rsi. 1.a risky trade could be entring now long, untill it meets the main trend. 2.another is waiting for the meeting with the main trend and go short. 3.this trade could be opened with 1 for a long short option if it breaks...
SHS has formed expect retest bouncing from the strong res area
wait for re test of trend if u knew me, u would take the counter trade