Somehow, the news passed unnoticed that Elon Musk was going to distribute $5,000 to each US citizen. The money will be taken from the funds saved by the DOGE department. If this is the case, we will receive a liquidity injection of $2,000 per person, as during covid. After that, the markets grew very poorly and well throughout 2020-2021 Now think about which coin part of the population will carry the money received from DOGE? ?
Today's chart analysis uses the Fibonacci fan line and extension. Today, the 10-year treasury note touches the 114/423.60% of the 1st wave, and then U.S. stock markets rebound from falling in these days. Accordingly, QQQ has a nice 497/61.80% support level. But if 10-year treasury note go over this resistance 114/423.60%, the next target price is 119/423.60 of the 2nd uptrend wave. The US stock market continues to fall to the next support level.
To all my supporters of yesterday's SHORT idea; It's sad but it happens, we fell short of sellers to drop the price lower than 78,200.2 Yesterday Fri 28. hence no profit from my SHORT position yesterday. I see a trend change to the upside but I am counting on price to drop this weekend before continuing up. Support if you're with me let's flow with the trend.
CL has formed a triple bottom pattern, a strong bullish reversal signal. The price has confirmed the breakout above resistance, suggesting further upside potential. ? Key Levels: ? Entry: Confirmed breakout above resistance ? Stop Loss: 87.41 ? ? Target: 98.48 ✅ This setup looks promising for a continuation to the upside! Let’s see if bulls can maintain momentum.
EURUSD has broken Triangle pattern with bearish momentum.
Publishing these for myself to look back on and for anyone who finds them helpful. Trading plan. Price has just made a significant push to the upside. Waiting for a retest of the support resistance flip. (Blue line). Also co-aligns with the 0.618 fib retracement from the move. Look here for the entry. My stop loss is very generous but still grants a 2 to 1 reward structure. Can move stop up if a significant reaction from the 0.618 appears. Look to do this all again at the next SR line.
DownTrending Nasdaq is showing retracement from major support.
Bitcoin has shown momentum Breakdown of the triangle, 61% retracement possible
If you've been following the narrative here, you know what we are looking at. This dip is to establish the yearly low in BTC as forecast before the new year's candle started. Let me know what you're seeing and we'll discuss it in the next video. Be sure to sub & like. Thanks for watching.
Each Arrow drawn are the next points price can potentially reach, we can see that price has reached the stage of equilibrium which is 50% of the range and it has also tapped into a daily FVG, price reacted of both of these levels beautifully showing clear signs of rejection, next we look for the previous daily high which is the next area of low resistance liquidity where is rests above after that we see the daily FVGs which can be areas of resistance if these levels are all breached then we can see a potential new ATH to be placed in, remember this won't just happen in the matter of a couple days...