Community ideas
$BAT Abandon Ship!Ladies and gentlemen, one of the things that has been the absolute hardest for me to overcome or get a lasso on over the years is estimating time frames… Throughout the years, I have an uncanny tendency to find out I was right the first time, but everything always takes longer to occur that I think it's going to… But it almost always occurs...
Let me break it down for you with a live 15 minute analysis, I think you'll like this one… I am out of this position at about .326. I am now looking for at least 29 and possibly as low as 24.5 and this is something that I outlined in the very first video I posted.
This is going up in the long run, it will return to new highs, but I think that we're going to see some panic right now that will weeded a lot of people out and make room for new investors that wanted to get in, but thought they missed the rally… It is natural. It's like a heartbeat. It has to happen. You can't have huge incredible days every day without some kind of ameliorating sell off..
You've witnessed me buying and selling a lot over the past few days... That's what I do always ready with my finger on the trigger. You can get it wrong but if you're honest, and you know when you're wrong and you take action, you won't lose money..
Maybe you long-term guys aren't even concerned about a pull back to something like 24… Maybe something like 29 sounds like a stupid crazy waste of time to you.
But I am a trader by nature, I can't help it, It's what I do. I can't be an investor, I tried.
I refuse to ride these things down.
If I'm wrong, I would rather lose a little value on the way up than watch the balance in my account tick down like a backwards cab meter, but that's just me. I have made a lot of money in this thus far and I don't wanna see it vanish.
SPY New historical highSPY has hit new highs recently, but current data isn't available ¹ ². To confirm, I'd recommend checking a real-time financial platform for the latest info on SPY's performance. Typically, when SPY hits new highs, it indicates strong market performance, with more stocks reaching 52-week highs than lows ³ ⁴. Would you like to know more about what drives SPY's movements?
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NAS100 I Potential pullback and more growth Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSD I Possible retest and decline within the channel.Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURJPY I Potential retracement and more downside Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
A $660 Target? Is META Ready to Break Out ? Since its breakout above the resistance line at $544, NASDAQ:META has been consolidating for almost 2 months within a parallel rectangle. The consolidation area is highlighted in yellow (B). This consolidation could potentially end with a breakout above the resistance line at $602.
Considering that the next 2 weeks are expected to be volatile (the first 2 weeks of December in an election year), I believe NASDAQ:META will test its support line, possibly close the bull gap (C), and then rise with momentum to break out above $602.
When we zoom out, we can see that NASDAQ:META is within an ascending channel (A), right in the middle. We can also see that NASDAQ:META tends to consolidate towards the lower boundary of the channel and then rise, which supports the analysis of the consolidation area in (B).
Conclusion: In the short run, we may see some downside, but in the long run, I believe NASDAQ:META will continue to rise and potentially reach the target price of $660, which is the height of the consolidation area (B).
$BAT now begins another steady climb before parabolic accel.We just had a large market buy at the top of the ongoing intraday trend producing a large wick and a small candle body with no retracement and no sell-off, historically on this chart price then takes a slow steady march to the top of that wick before a large, emotional run-up powered by FOMO
I think we'll experience a slow down possibly at 40. I'll show you a trend line that would seem to confirm that. I'm not 100% certain but I don't think I'll let go of it at that point. I'll keep my eye on it. I think that I will hold until 48 and I'll show you a trend line and a historic high that I believe represents an extreme psychological resistance level. We'll see what happens after that but perhaps I'll buy back at 40 and then I'll hold again until perhaps 73 or as high as 75.
EURUSD - A Fundamental & Technical Long-Term Outlook I wanted to follow up on the EURUSD idea that we looked at a few weeks ago & share with you how the opportunity has progressed since we last looked at it.
From a fundamental perspective we are seeing some big shifts in how the market is valuing the US Dollar due to a handful of upcoming global monetary policy shifts & a brand new threat of tariffs by soon to be president Donald Trump.
From a technical perspective we have a handful of supportive signals including a violation of structure, a weakening trend a a potential classic reversal price pattern.
I know it might be a lot, but if you have any questions or comments please type them in below. And of course if you want o share your views I'd love to see them as well.
Hope you have a great weekend!
Akil
Weekly Market Wrap With Gary Thomson: 25 - 29 NovemberWeekly Market Wrap With Gary Thomson: SP500, US Dollar, Brent Crude Oil, Black Friday
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights
- S&P 500 Index Hits a New Record
- Dollar Declines Following Weak Macroeconomic Data
- Brent Crude Oil Consolidates Ahead of OPEC+ Meeting
- How Black Friday Could Impact the Stock Market in 2024
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