Gold There is no clear signal right now
keep your eyes on it until it breaks the triagle.
it will be a big move after this consolisadion
Wallstreet
USDCAD, Bearish FlowAfter a Successful Bull Run taken Earlier Last Week, I'm looking to find the next possible entrance in this pair. Carefully we will speculate if price gives us more definition on its intentions in the market as price action has reached its Respected Trend Line within Month(s). We are Prepared for both scenarios as we use proper RR in the Market, if price does decide to break out of its trend then we adapt to the conditions given to us and wait patiently for price to make its way to our next Bearish Selection (Double Top).
Weekly US Market Update | Week Ending on 1st of May 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 1st of May 2020.
The Dow Jones Industrial Average closed on Friday with a loss of 2.55%, losing 622.03 points and closing at 23723.69. On a weekly basis the Dow Jones had a loss of 0.22% while from the start of the year it has a loss of 16.87%.
The S&P 500 closed on Friday with a loss of 2.81% losing 81.72 points and closing at 2830.71 points. For the week the S&P 500 had a loss of 0.21% while it's YTD performance is -12.38%.
The NASDAQ Composite Index closed on Friday with a loss of 3.2% losing 284.6 points and closing at 8604.95. For the week it was down 0.34% while from the first of the year it is only 4.1% down. As you can see the NASDAQ composite has better performance than the other two major indexes.
The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 28th of April we had a distribution day on both Nasdaq and SP500. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day.
So we have 1 distribution day for the Nasdaq and 1 distribution day for the SP500. A lot of distribution days on a short term means weakness for the rally.
Nasdaq broke the Trendline Support (2). Personally I wouldn't be afraid if we have a pullback at our Trendline Support (1) and then the markets continue up. If this happens, it's normal. If it breaks the Trendline Support (1), more downside will happen. But the Friday's Candlestick shows that the market will fall a little more.
We remain on an UPTREND right now and we have to see if it will break the Trendline Support (1). As long as we are above the Trendline Support (1) we are ok.
See you next week for another Weekly Market Update!
DJI (Wall Street) - 1H - patterns sometimes repeatMuch of good trading is about time spent stalking. Trade execution by the most successful traders happens only after much patient study.
The current position of the DJI, resembles a previous one. Patterns tend to repeat. This means vigilance to see if they do repeat. There could be losses involved. I never avoid talking about that.
Sometimes a pattern may appear to be repeating and then fail. That's when an affordable loss comes into the equation (it's called a stop-loss). The stop-loss limits how wrong one is in estimating a projection. Avoid predictions, is my motto - which is not everybody's motto.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
SPX SHORT THE 200 MA ?SPX 500 looks toppy here
The daily and 4 hour 200 sMA are very close (at 3010) so we can expect a rejection from this level
The 2850-2800 zone should be the next target.
Dow Futures now short. MACDH divergenceHere we are with another go at a dow short after the failed attempt last night (but with some nice follow through longs today).
Now we can see a 1hr MACDH and RSI divergence in overbought territory. We can also see an inverted hammer candle showing potential reversal. There should be some downside potential here. These types of divergences are my A* trades and often give good profit due to the extreme divergence on the MACD histogram. Stop is at 24220. If I get stopped out again that would indicate a lot of buying power and I would expect a run up again, so another opportunity to simply reverse and go long if this short fails.
Dow sell. Lower high post breakoutHere we have a lower high on the 1hr chart on the dow after a breakout of the rising wedge on the daily. Nice engulfing pattern too on the 1 hr candle. Its currently trading above the 200HMA but with all other moving averages are crossed under so its good value for a short here. We could expect some selling pressure here in overbought territory and a test in the first instance of the rising trend line and maybe lower. 4 Hr 200MA is still sloping downwards and daily MA's are still bearish. I'l be looking to scale out some profits at the rising trend line and a break of the swing low on the hourly charts.
SHORT EUR/USDWe are into a down trend on EUR/USD and due to many aspects (fibonacci and DXY...) we can say that the price will hit 1.0650 wich is a weekly key level.
INSTAGRAM: addictedtrader
LONG XAU/USD (gold)LONG once the 4H candle closes abouve 1738.00 because then we will be trading the 5th wave
First take profit will be 1755.00 wich is a weekly key level
Second take profit will be 1787.00 (next to the monthly resistance)
FOLLOW MY INSTAGRAM: addictedtrader
LONG " GBP/JPY"Due to the last month huge rejection; the price has been ranging between 132.50 and 135.80.
Meanwhile the price has been rejected by 132.00 wich is a weekly key level
As well this move will be the 5th wave.
LONG position will be taken when the 4H candle closes above 133.20 and Breaks the trendline.
Weekly US Market Update | Week Ending on 24th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 24th of April 2020.
The Dow Jones Industrial Average closed on Friday with a gain of 1.11%, adding 260.01 points and closing at 23,775.27. On a weekly basis the Dow Jones had a loss of 1.93% while from the start of the year it has a loss of 16.69%.
The S&P 500 closed on Friday with a gain of 1.39% adding 38.94 points and closing at 2836.74 points. For the week the S&P 500 had a loss of 1.32% while it's YTD performance is -12.2%.
The NASDAQ Composite Index closed on Friday with a gain of 1.65% adding 139.77 points and closing at 8634.52. For the week it was down only 0.18% while from the first of the year it is only 3.77% down. As you can see the NASDAQ composite has better performance than the other two major indexes.
The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day.
We remain at 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally.
Personally I wouldn't be afraid if we have a pullback at our Trendline Support (1) and then the markets continue up. As we told on our previous Weekly Market update we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday 17th of April we saw a pinbar . So there was a 65-70% probability for the markets to have a pull back to the Trendline support as it happened. But now we have also a test at Trendline Support (2).
We remain on an UPTREND right now and we have to see if it will break the Trendline Support (2). If this happens then it may move until Trendline Support (1).
See you next week for another Weekly Market Update!
COVID-19 ATTACK, Fake news and the DJI (Wall Street)I present Tradingview data on COVID-19 infection rates and death rates in the USA - and compare those with the DJI (Wall Street).
Contrary to what we've been told by our leaders and mainstream media, there is no plateauing of infections or deaths in the USA.
NOBODY can say that the virus has peaked. The virus is charging north on exponential curves. Most of it's attack was in April 2020.
This bug is just getting started.
The chart shows the FED's QE infinity approach and how it has been failing.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile, and you lose your money, kindly sue yourself.
USA30 (WALL STREET), BREAK OUT!!! we all waited Anybody think it's a fake break ?!
let's watch and see,
enjoy it.
P.S. wish you all the luck with your trades
#Stayhome
WALL STREET (US30USD), MOVEMENT CATCH UP, BEFORE BREAKOUT!!!I've got you FULL info of the current movement of the US30USD until the breakout,
the last update of this idea, is goint to be a start of breakout in the market,
enjoy your follow,
and you are more than welcome to ask anything,
#stayhome
Weekly US Market Update | Week Ending on 17th of April 2020Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 17th of April 2020.
The Dow Jones Industrial Average closed on Friday with a gain of 2.99%, adding 704.8 points and closing at 24,242.5. On a weekly basis the Dow Jones had a gain of 2,21% while from the start of the year it has a loss of 15,05%.
The S&P 500 closed on Friday with a gain of 2,68% adding 75 points and closing at 2874.57 points. For the week the S&P 500 had a gain of 3,04% while it's YTD performance is -11,03%.
The NASDAQ Composite Index closed on Friday with a gain of 1.38% adding 117.8 points and closing at 8650.1. For the week it was up 6,09% while from the first of the year it is only 3,59% down. As you can see the NASDAQ composite has better performance than the other two major indexes.
The current market outlook right now is that we are on an UPTREND. An Uptrend that was confirmed on 2nd of April 2020, the date that we had our follow through day. A follow through day is a day of a new rally between 4th and 7th day with a gain of 1% at least and volume higher than the previous day. On 7th of April we had a distribution day which has been deleted after the huge gain of 4% on 14th of April. A distribution day is a day when a major Index falls 0.2% or more with volume higher than the previous day.
So we have 0 distributions days, which is a positive sign for the market. A lot of distributions days on a short term means weakness for the rally.
Personally I wouldn't be afraid if we have a pullback at our Trendline Support and then the markets continue up. As you can see on the graph we are on 61.8% Fibonacci Level, we crossed the 50 moving average and on Friday we saw a pinbar. So there is a 65-70% probability for the markets to have a pull back to the Trendline support. We have to see also the earning season. If the results are not good, the pull back has more probability to happen.
But whatever happens, we are on an UPTREND right now.
See you next week for another Weekly Market Update!
LOW /MID / HIGH VOLUME TRADE, QUIZ !!!! #HIT_THE_RATELet's Play a game,
before the market hit one of the circles,
lets vote by comments,
which volume the trading at WALL STREET US30 index going to be,
LOW
MID
HIGH
don't be shy to try guessing,
i'll update the post after the market hit the target,
if we hit more than 50 comments,
i'll make a new quiz on what ever you request!!!
let's enjoy it,
regards.
#stayhome
WALL STREET INDEX BREAKING THE HEAD AND SHOULDER PATTERN
for that i gave you the opportunity as soon as i saw it,
cause it's an head and shoulder patter, who doesn't wait for it!!!!!
for who trade with the stratgey of 70% 20% 10%, I gave you the rates you need to put the TP,
for whom trade regular trading, you can put the Second TP to gain your profits from the movement,
for all the traders don't forget to put your stoploss of 23,700$ rate, thats what the Fib res is showing,
RSI confirming a start of bullish trend,
Volume oscillator is low,
these two indecators with these to signals, give us a sgood posibllity of strong bulish trend,
lets watch and enjoy it,
regards,
wish us all the best and a lot of profits.
#Stayhome
GET READY: A big fortnight ahead!This is an educational post - compliant with the house rules on text-based contributions - showing some of the tension between monetary policy taken by the FED and real world fiscal issues at deeper levels. Click and drag chart if all text does not show. Thanks.
The tension has caused whipsaws in the US Dollar, and price of Gold. The IMF has declared a global recession and several countries have gone into recession.
Reputable opinion out there is that the world is heading for an economic depression based on a 50 to 75 year cycle, which is coinciding with a 10 year recessionary cycle.
I have no doubt that central banks around the world will have limited success in propping up economies. I'm more concerned for the longer term view.
Last week extreme volatility took a break compared to the previous week. The next 2 weeks could see a return of volatility to indices and forex markets.
Stay safe, fellow traders.
Back to the past - 2008 - is this our future?In this educational post, I look back to 2008 to get a rough idea what may be in store for us in 2020.
This is a cautious exploration because what happened in 2008 was very very different to what's happening today (though there are many similarities).
This post does not exclude the possibility that the US and other stock markets may recover totally and head to the moon. Possibility is not the same as probability. How? It's possible that the sun may rise in the West tomorrow morning, but that is highly improbable.
Technical analysis is a good thing, but relies totally on historical price movements. Ultimately technical analysis is not immune to the real-world issues that affect price. The world is moving into a 50-75 year cycle for depressions - which is very different to the 10 year cycle for recessions.
Do NOT be influenced to make trading decisions based on this post. You have been told.
DJI (Wall Street): Potential limited move north. At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up.
This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below).
Note: this is not advice - if you lose our money sue yourself. The position is labelled long only from a microtrend perspective.
Dow head and shoulders, rising channel reversalNice H+S reversal pattern with a breakout of the rising channel. Sell
DJI (WALL STREET) - STIMULUS SHIMULUS 😂🤡Well, this is one to watch. This is a 30 min trend following setup. There are no targets.
NOTE: only about 20% of all traders are true trend-followers. Trend following is very difficult and far more risky than other forms of trading. There are serious losses involved if anyone follows this developing trend. You have been warned.
