BTC on the weekly timeframe has formed a mother candle. A close below or above that zone could signal a significant move.
A bullish chart for Silver suggesting that a 5th wave is imminent or perhaps even started already. Elliott Wave theory says that the 4th wave often comes down to the level of the 4th wave of the lesser degree but in that case it hasn't done that so I am a still a bit wary if the 5th wave has started or not.
Fundamental Perspective: Crude oil prices face downward pressure as US production rises, fueling concerns over an oversupply. Recent data showing a significant increase in stockpiles has only intensified these worries. However, tightening sanctions on key oil suppliers and price hikes from major producers offer some support, helping to cushion the price decline. Geopolitical factors, including ongoing trade tensions, add layers of uncertainty, though the direct impact on global energy imports remains limited. Technical Perspective: USOIL extended its decline following a breakout of the ascending trendline. If the price sustains its bearish momentum, a further decline toward the following support at 69.00 may occur. Conversely, a close above 72.00 could prompt a further rise to the following resistance at 75.00. Author: Li Xing Gan, CMT, CFTe, Financial Market Strategist Consultant to Exness
Global equity markets is at all time high similar so some indexes like those of US stocks and Nikkei 225. MSCI ACWI is on a strong bearish divergence both on the volume and RSI. Expecting global markets to drop 63% from here. IMPLICATIONS of 63% Drop in MSCI ACWI: On Global Equities: - a massive crash in global equity markets, likely leading to a severe global recession or even depression. Investor Confidence: -Confidence would plummet, causing widespread fear, leading to a potential freeze in investment activity. Wealth Destruction: Significant loss of wealth for investors, especially those with retirement savings in equities, could lead to reduced consumer spending. Corporate Impact: Companies might face liquidity issues, leading to layoffs, reduced capital expenditure, and bankruptcy for some firms. Valuation Reset: There would be a sharp correction in stock valuations, potentially aligning them more closely with fundamentals but at a high cost to investors. Sector-Specific Effects: Cyclical sectors like technology, consumer discretionary, and finance would likely suffer more than defensive sectors like utilities or consumer staples. On Cryptocurrencies: Increased Volatility: Cryptocurrencies are notoriously volatile, and such a dramatic drop in traditional markets could lead to wild swings in crypto prices. Flight to Liquidity: If there's a rush to cash or more liquid assets, cryptocurrencies might face significant selling pressure, causing prices to drop. Safe Haven or Speculation: Depending on the narrative, crypto could see: Increased Investment: If viewed as a hedge against traditional market failures or inflation. Decreased Interest: If investors see all markets as correlated risks, leading to a sell-off. Regulatory Scrutiny: A crisis like this might push for more stringent regulations in the crypto space, affecting growth and innovation. Market Sentiment: The crypto market might be seen as either an alternative to a failing system or as another speculative bubble to avoid, influencing investor behavior. Gold (Commodity): Safe Haven Status: Historically, gold is considered a safe haven during financial crises. A 63% drop in equities might drive gold prices up as investors look for stability. Liquidity Preference: However, in extreme scenarios where liquidity is paramount, even gold might see selling pressure as investors liquidate assets to cover losses elsewhere. Inflation Hedge: If the drop in equity markets leads to aggressive monetary policy responses, gold could benefit from fears of inflation or currency devaluation. Mining Stocks: While gold prices might rise, gold mining companies' stocks could be more volatile, affected by both the commodity price and the broader stock market downturn. Physical Gold Demand: There could be a surge in demand for physical gold, potentially leading to a disconnect between spot prices and ETF or futures prices due to logistical or supply issues. General Economic Implications: Global Trade: A significant hit to global equities would likely reduce international trade, impacting economies worldwide, especially those reliant on exports. Monetary Policy Responses: Central banks might lower interest rates further or engage in quantitative easing, which could have varied effects on different asset classes. Currency Fluctuations: Expect significant movements in currency values, with investors favoring currencies seen as safe havens. Geopolitical Risks: Economic instability can exacerbate geopolitical tensions, leading to further market uncertainty. Long-term Investment Shifts: Investors might permanently alter their portfolios, potentially moving away from equities to bonds, real assets, or alternative investments. This scenario paints a dire picture, emphasizing the interconnectedness of global markets and the potential for widespread economic repercussions. However, the exact outcome would depend on numerous factors, including the speed of the drop, policy responses, and how different markets and investors react.
The price couldn't close above the previous ATH and only swept it. It made a market structure change on the weekly TF and retraced back to the weekly BKR and weekly bearish FVG.
Multiple Bullish Patterns.. Breakout Retest in Daily TF Pole and Flag in 1 hr TF active above 1280 hourly candle closing Can Expect Bullish Move Idea Invalid if todays closing below 1260 Reliance in range from 6th Nov.. Breakout will lead to rally in long term above 1380
Technical Analysis: * Trend: The chart indicates META is forming an ascending wedge, signaling potential bullish continuation if the price breaks above the resistance at $720. * Support and Resistance: * Immediate resistance lies at $718.90, which aligns with the highest positive NETGEX level and CALL resistance. * Support is observed at $704.87 and a stronger level near $690 (PUT support). * Volume: Volume is moderate, suggesting a balanced interest in both sides of the market. * Indicators: * MACD: Shows bullish momentum, with the signal line crossing above the MACD line. * Stochastic RSI: Near the mid-level, suggesting a potential upward move if momentum sustains. GEX Insights: https://www.tradingview.com/x/kXimfg5I/ * Call Wall: $720 represents significant resistance, with a 70.09% probability of holding strong due to heavy call options. * Put Wall: Strong PUT support is seen at $690, indicating a robust bearish floor. * Options Sentiment: With GEX showing 18.9% call bias and IVX at -1.41%, the market leans towards limited upward momentum. Strategy Suggestion: * Bullish Play: * Entry: Above $718.90 (confirm breakout). * Target: $730 (psychological level). * Stop-Loss: Below $704.87. * Bearish Play: * Entry: Below $704.87. * Target: $690. * Stop-Loss: Above $720. Price Action Note: Market dynamics can change significantly after the open. Ensure you verify the real-time data and adjust entries accordingly. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always conduct your research and trade responsibly.
Buying EUR/JPY now. A wonderful BAT formation just formed on DAILY chart. Already forming lower highs and lower lows on smaller timeframes. I have my stop loss 10 pips below previous low. Stop Loss is: 156.650 1st Target: 159.554 2nd Target: 160.388 3rd Target: 161.254 4th Target: 164.060 Happy trading! :)
Forget the past and move on to another Fresh Look. Because of the Higher TF's (like the 3-Day) and especially the Daily, urgent for a reset within their indicator levels. We find PA reacting to this as a massive downtrend. PA has to do this, and as a result, traders can confidently enter into new LONG positions. I have identified TWO trading channels that are merged together because of this large move. How to trade now? Here is a visual note I have added for us. https://www.tradingview.com/x/X9thh2D3/ Identifying a solid Daily Trend position can help immensely with decisions on placing an order. This can help us expect certain trading results. With or Against the Daily Trend you have identified, can help with a limited movement towards the Middle Trend Line for a bounce and/or a Larger movement away from the Middle Trend Line. Good Luck !! This is only a piece of the puzzle, a piece that can help us with a piece of mind while trading.
price has recently reacted from a weekly internal liquidity and i think it will seek external liquidity at around 1.06. to get there we will need enough volume and what better way to get it than from the NFP?