Several factors suggest a potential downturn for the Dow Jones Industrial Average (US30) in the near term: Technical Indicators: • Overbought Conditions: The Relative Strength Index (RSI) indicates that US30 is approaching overbought levels, which often precedes a price correction. • Bearish Divergence: A rising wedge pattern coupled with bearish divergence signals a possible downward movement. Economic Data: • Manufacturing Slowdown: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating contraction in the manufacturing sector. • GDP Growth Concerns: Recent data shows the U.S. economy grew at its slowest pace in two years, with a 1.6% increase in GDP for the first quarter of 2024, missing forecasts. Federal Reserve Policies: • Cautious Approach to Rate Cuts: Federal Reserve officials have signaled a cautious approach to future interest rate cuts amid strong economic performance and cooling inflation, which may impact investor sentiment. Market Sentiment: • Strengthening U.S. Dollar: A rising U.S. dollar could pose challenges for stock-market bulls, potentially hindering further equity-market gains. • Technical Caution: Analysts warn of potential market corrections, with models indicating possible downturns during the holiday week. Considering these factors, there is a potential for US30 to experience a decline in the near future. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
Gold (XAU/USD) Market Analysis: Indicators Point to Potential Downtrend Several factors suggest that gold prices may experience a decline in the near term: 1. Technical Indicators: • Moving Averages: Current analyses indicate a ‘Sell’ signal based on moving averages, reflecting bearish momentum. • Oscillators: Indicators such as the Relative Strength Index (RSI) are neutral, while others like the Stochastic Oscillator point towards a ‘Sell’ signal, suggesting downward pressure. 2. Economic Data: • U.S. Economic Growth: The U.S. economy grew at a 2.8% annual rate in the third quarter, driven by strong consumer spending and increased exports. This robust growth reduces the appeal of gold as a safe-haven asset. • Manufacturing Orders: In October, U.S. factory orders rose by 0.2%, the first increase after two months of decline, indicating a potential stabilization in the manufacturing sector. 3. Federal Reserve Policies: • Interest Rate Outlook: The Federal Reserve’s regional survey reflects slight economic growth, with stable employment levels and modest price increases. This may influence the Fed to maintain or adjust interest rates, impacting gold prices. 4. Market Sentiment: • U.S. Dollar Strength: A stronger U.S. dollar makes gold more expensive for holders of other currencies, potentially leading to a decrease in gold demand and prices. • Geopolitical Factors: Recent geopolitical developments, such as cease-fires in conflict regions, can reduce demand for gold as a safe-haven asset, exerting downward pressure on prices. Considering these factors, there is a potential for gold prices to decline in the near term. However, market conditions can change rapidly, and unforeseen events may alter this outlook. It’s advisable to monitor real-time data and news updates for the most accurate information.
$VTHO has been in Wyckoff accumulation for a number of months now. We are now entering SOS (Sign of Strength) where we consolidate before Phase E. Phase E is set to be explosive and i expect us to move very quickly. Good luck!
4hr Uptrend, 1hr demand entry into prior high. 5:1 RR.
I am on record more than once here saying that I don’t like trading stocks without long trading histories. I stand by that “rule” but on this occasion, I’m going to break it. That lovely uptrend is only part of the reason why. NYSE:CR has only been publicly traded since the spring of 2023. It has produced some of the best results in the entire spectrum of stocks I follow in that time, though. I won’t dig into all of it - I’ll just focus on the last 12 months. 16 buy signals, 15 wins and one (yesterday) incomplete. What is amazing is that 14 of the 15 before yesterday would have closed profitably in just 1 day…and the one that didn’t would have only taken 2 days. The average gain for all of them is 1.59% (including the one from yesterday that is currently a “loser”). In case you’re scoring at home, that’s an annualized rate of return of just under 400%. Now I won’t make any promises here, we are dealing with a small sample size. Also, a couple of the trades right after it went public took quite a while to play out. One of those trades gained 13+%, though. But I don't break the rules for just any stock and this isn't a hypothetical buy - my money is on the line here. I resisted temptation yesterday, but I just couldn’t today. Per my usual strategy, I'll add at the close on any day it is still producing a buy signal and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation. Especially given the short track record for this stock.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # VanEck Retail ETF - Double Formation * Resistance At 195.00 | Area Template Uptrend Bias | Subdivision 1 * Pattern Involvement | Neckline At 182.60 - Triple Formation * EMA 20 & 50 | Support Entry Bias | Subdivision 2 * 012345 | Angle 1)) * Wedge Structure | Pattern Alignment | 50% |Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
? Exciting times for TASE:NSTR @nostrafinance ! This all-in-one DeFi solution on StarkNet is set to expand to Monad as well. ? The chart shows strong support around the Bollinger Band center, and my oscillators are starting to curl upward. ? According to DeFiLlama, the TVL is approximately 20x the market cap, and we've consistently seen trading volume matching or exceeding the market cap since early November.
Entering a low risk buy here based on pattern formed with the take profit my sell zone. Using low lots to see how this plays out. Pattern visible but would want more confluence before entering standard lot sizes.
Nach Albus Dumbledore gibt es das nächste spannende Casting-Gerücht zur Harry Potter-Serie. Offenbar gibt es einen ersten Favoriten für die Rolle von Severus Snape.
Hallo zusammen, nach meinem Count sind wir derzeit in einer Welle 2 der übergeordneten Welle 3. Dort fehlt nun noch die Welle, die bis ca 0.55$ reichen könnte, bevor dann die nächste impulsive Abwärtsbewegung entsteht. Die komplette 5er sollte dann die Welle C der sehr komplexen Welle 4 abschließen. Dieses Ziel wird mit den kommenden Bewegungen dann noch genauer angepasst.