Wolfe Wave
SOX : Trendline to watch!!!!Trendline to watch!!!!
Indeed, the “SOX” semiconductor index, known as a leading indicator, seems to be showing signs of weakness. Although it has returned to its uptrend line, we can still be wary of Wolfe waves which indicate a possible breakout. Not to mention that major components like “Intel” or “Nvidia” are either very high and overvalued (Nvidia), or have experienced a fairly phenomenal series of consecutive increases (Intel). Breaking the uptrend could be a negative signal for technology
chfjpy udpateThe CHF/JPY is a major cross-currency pair and is most widely traded during the Asian and European sessions. With the Swiss economic and political environment considered stable, demand for the Swissie spikes during periods of geopolitical and economic uncertainty in Japan and beyond. The pair closely follows the EURJPY pairing. While a liquid paring, total transactions account for less than 2% of total transactions across the FX market.
Japan Switzerland
Interest Rate -0.10% 1.75%
23-Aug
sp500 update:the Quasimodo patterntechnical view:the Quasimodo pattern formed as targets of this pattern are depicted on the chart
fundamental view: Given the current economic landscape, mixed signals from major corporations, the looming rate hike uncertainty, and the escalating U.S.-China tech feud, markets are poised for heightened volatility. The overall sentiment leans bearish, with investors advised to exercise caution and closely monitor forthcoming data releases, particularly those that could influence the Federal Reser
usoil update
Brent futures and WTI crude surge, echoing OPEC’s bullish demand outlook and tighter global oil inventory projections.
Tightening supply concerns remain at the forefront of the oil price surge. Libya, an OPEC member, recently closed four eastern oil export terminals due to a severe storm. Additionally, Saudi Arabia and Russia have extended their voluntary supply cuts until the end of the year, further limiting the market supply. Russia expects its oil production to decline by 1.5% this year, as
VIX: “BUTTERFLY” was detected in (H4)-A bullish harmonic pattern “BUTTERFLY” was detected in (H4)
-On the downside, 11.82 should be watched.
-But the probabilities are stronger on the rise.
-The ECB’s speech will perhaps “change the situation”.
-Don't forget that Volatility lives up to its name VERY well!
-Be careful and “stay covered!” » ;-)
gold updateAmid China’s promising economic data, XAU/USD spot values surged, though gold faces challenges with rising global rates.
-----Highlights
Gold prices rise as dollar weakens against the yuan, fueled by strong Chinese economic data.
Potential U.S. rate hikes cast a shadow, making investors wary despite positive signs.
Robust U.S. economic data may delay anticipated rate cuts, with hikes more likely.
Gold (XAU/USD) prices experienced a surge as Friday saw the dollar declining against the yuan, follo
DAX: Bearish BUTTERFLY DAX: Bearish BUTTERFLY - Beyond the technical aspect, we can see that the DAX will spark a huge bullish rally following Madame Lagarde's interest rate hike announcement. As far as I remember, interest rate increases rarely increase 1% at the same time. Today's excuses for "buying rising rates" include: “We buy because we feel the upward cycle is over, and this makes stakeholders happy.”
But no one brings up the fact that we didn't expect this raise. Because we had the same feeling at the previo
wti updare :wolfe wave and dip-down confluence Despite major crude oil supply cuts, U.S. dollar resurgence and China’s recovery fears curtailed bullish trends.
Short-term Forecast
While the extended supply cuts and the recent U.S. inventory draw provide some bullish sentiments, the evolving economic landscape, especially in China, and possible Russian export boosts due to seasonal refinery maintenance, present a mixed short-term outlook. It remains cautiously bearish until clear signs of sustained global demand emerge.
Price-wise, it’s nest
WOLF Wolfspeed Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WOLF Wolfspeed prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $3.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ADANI ENTERPRISES - NSE INDIAN STOCKAdani crashed close to 80 % from its peak before it bounce. 1st bounce is impulsive, which generally considered as fake bounce. The geniality of the bounce will will be tested with series of whipsaw movements which we are presently witnessing in this script.
Also in this script we have seen GAP's. GAPS are generally get filled but not necessary, confirmation GAPS take long time to get filled, some time it doesn't fill also. NOTE - A fundamentally robust company GAP's get filled but not al
Gold Idea....
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Wolfe Pattern + AB=CD Reversal ZoneTaking note of a few items on the ETH/BTC chart.
After the SEC Binance and Coinbase legal complaint there has been a noticeable drop of in ETH/BTC's performance. This deviation from the trendline might mark a shift in the trajectory for eth for a while. OR, it was a fake-out, and can be seen as such.
On a higher timeframe the chart has been correcting. If elliott waves can be counted, perhaps this is near the end of a corrective wave 2.
There are noticeable pivots to identify a rather clean 0






















