VESTAS to benefit from Biden's victoryBloomberg:
Biden has outlined plans to spend $2 trillion on clean energy as part of his economic recovery plan.
Europe has a global advantage in so-called green tech and the region’s solar and wind energy leaders would get a major boost from a “blue wave” of Democratic victories.
Technically:
Measured Move Up and the target as mentioned.
Measuredmove
BItcoin Update - 4H and Daily Chart | Measured MovesI expected price to show some rejections from 11150 area and it played out well.
We have break below the previous low or local support.
I am expecting price to retrace around 10625 area for another short set-up. It is less likely to test 10742 but we should consider it as another level of resistance.
Possible targets for bitcoin are 9300 area as you can see good confluence for Support there.
I have also talked about the use of Measured Moves of different types.
Note : Avoid some mistakes in the audio when I say These uncertaintiesadd up to measured move down.
SPY - Measuring Flag WarningThe $SPX sell-off from September 2nd highs, created a consolidation range (orange rectangle) from $330-340 approximately.
Making a measured move, with the consolidation constituting a half-way measuring flag structure (blue arrows).
100 exponential moving average is now the trend support, coincidental with June highs. Unfortunately, this is not a support trend historically market makers pay special attention to.
Bitcoin likely to start Bear Leg upto $10,000Contect for the Resistance at $12000 levels is very good.
Wedge, Measured Moves Based on Height of Trading Range, Bull Breakout.
When did you see 2 Bear Bars Closing below mid point and this much big bear body in last 30 Days ?
Bulls have taken profit at the Resistance. I can say that Bull Trend is Over, We can see Trading Range or Bear Trend. With good follow through for Bears, It is very likely to see Bear Trend.
ERD:BTC - Patiently waiting for an opportunity to buy in.Head and shoulders registered.
Measured move down to 78.6% Fib (about where thick orange daily 200 SMA line is at -- Note that this chart is the 3hrly , showing excellent confluence between my Cyber Ensemble Buy/Sell signaling algo at this timeframe for this chart).
Not necessary if it will be fulfilled, but will start cost-averaging if it hits about 61.8% Fib level. Won't buy in at this level -- there are other good opportunities that I am already holding, having bought in at good positions of strength. The most recent one that I had decided to share was Kusama: after having previously accumulated Polkadot (DOT) prior to its mainnet launch @ Huobi.
Note: The head and shoulders measured move not necessary to be fulfilled, but merely to serve as a rough idea of how far it could go.
Ichimoku Cloud still bearish, however some bullish W-ing accumulation pattern have been going on prior to the more recent short term pump to retest the 3hrly 200 SMA, at the last trigger of the buy signal by Cyber Ensemble. If it gets rejected there, plus if it falls below the red 21 EMA and the green 50 SMA, then the likely hood of this buying opportunity playing out increases.
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Daily Chart:
Note: There is not enough candle resolution for Cyber Ensemble to capture certain more volatile/sudden moves on the daily chart.
However, a bullish signal has been triggered, lessening the chance that this buying opportunity may play out (which is ok).
Breakout on Medical-DevicesTechnicals
IHI is breaking out of a parallel channel with an RSI(14) = 69.
A measured move to continue to a new channel, would take us to to $322 approximately.
A close below $285 would negate the current up-trend.
News
ABT has come out with a COVID-19 test kit, which reveals the result in 15 minutes; it will cost around $5.
IMM 50% BREAK!!Immutep Ltd is a biotechnology company working primarily in the field of cancer immunotherapy using the LAG3 immune control mechanism. The company was originally built on CVac, a therapeutic cancer vaccine.
Break out of ascending Triangle confirms, Targeting Supply @ 0.30
- Ascending Triangle Confirms
- 4th touch on Fib .236 breaks
- Measured move lines up with Supply
- RR 3.33:1
- Supply sitting in the Golden Pocket
- MACD still spread BUT starting to turn
- Ichimoku BULLISH and clear to run
Aware of the GAP at 0.15 - 0.165 but with more positive news it will stay unfilled for the foreseeable future. Also Bearish Divergence on the 4HR but again I do not think it is strong enough currently.
These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
GBPUSD Update: Cable is under selling pressure UK gilts flash a negative sign for the Bank of England - FT -
Should the BoE walk down the negative interest rate policy, Gilt investors have a reference point in the government bond markets for Switzerland, Germany and Japan. A rise in bond prices boost capital gains for holders of debt as yields fall, even below zero. Rather than provide a fixed income, a negative yielding government bond behaves more like equity that pays no dividend and provides scope for either a capital gain or loss. Not good news for UK seekers of income, particularly when plenty of FTSE companies are slashing their dividends.
"Ultimately, this situation suits the UK government as it borrows heavily to fund spending in response to the health and economic shock. If markets are willing to purchase negative yielding bonds and keep gilt yields low, the BoE will be under less pressure to add further measures, leaving the job of propping up the economy to better-placed fiscal spending" Source : FT
We keep selling the cable.
Levels as described.
EURNZD - Long above the the resistance zone Hello Traders!!
Wait for a break of Resistance (Ceiling)
Wait for a RETEST (Price Closes Above the previous level of Resistance)
Once Price Confirms Resistance as New Support(Floor). Enter the Trade.
If Price fail to reach above resistance zone, we have a continuation of a downtrend and only sell order will be place.
Good luck to you all.
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This idea does not provide any financial advice.
NASDAQ Caught The Coronavirus + Rising Wedge BreakdownI think it's obvious that we had a fake out/ liquidation grab coming out of the rising wedge. Ultimately, this pattern broke down within reason and as expected. I think a good measured move should put us about -$25 out of the wedge, that being around $79-$80. I have highlighted some levels in blue that I think you should watch for, especially if you like to scalp, $98, $90, and $82.
Please give me a Like/ Follow if you enjoy the charts. Check out my other work and drop a line if you agree or disagree!
This is not financial advice.
Multi Time Frame Fibonacci Convergence on WTI 4HHey Traders,
Do you see a bounce here at the former 78.6% acting support?
There is Fib convergence in this area at three layers across both the 4H and the Daily time frame.
Watching out for any consolidation or slow down at or around the 47.80 zone.
This may open the door for a move much higher to achieve a potential bullish Equal Measured Move.
Until next time. Happy Days Happy Trading!!!
MountainGuide.
March-May macro outlook XBTUSDAfter that hard rejection recently making a lower high I believe we will re-test the broadening wedge breakout (88xx) and that will be a hard buy for a swing/position play. My plan is to ladder in from 90xx-87xx with equal weights. This area is also the golden ratio from the whole move, which is historically a great place to buy in uptrends. Will update with stops thinking I'll place it around 7-12% from entry.