PRAJINDThe stock is coming out of the Supply Shadow of the "BC" bar. The Relative strength is turning positive. Buying Pressure and Money flow are already positive. Another upbar closing above the shadow preferably above today's High will ensure that the stock will move much higher.
Also on the weekly as well the stock is moving above the supply shadow of a BC bar. All key parameters remaining positive.
Wolfe Wave
GAP Short under 18.50Retracement play for XETR:GAP after major earnings pop. Beware this still has momentum , but we are reaching an overvalued territory.
Big volume gap also seen above 19 , which is unlikely to fill with this overextended trend.
Price target - $15
GShort
GOOGLE:BAT/BALCK SWAN/Wolfe WaveGOOGLE:BAT/BALCK SWAN/Wolfe Wave
Google/Alphabet is one of the “Magnificent Seven” and the performance of recent months is indisputable. However, even though the fundamentals are all green, there may be a "Black Swan" nestling within Mountainview society, this black swan might even have the face of the Department of Justice. Indeed, for several days, judges have been digging into the past to find out whether Google would not have abused and used financial manipulation to obtain this dominant po
Unlocking Trend Reversals: Mastering Bollinger Bands and VWAPsIn this comprehensive video tutorial, we will delve into the powerful techniques of utilizing Bollinger Bands and VWAPs (Volume Weighted Average Prices) to identify and master trend reversals in the futures market. ES1!
You will learn how to leverage these volatility-based indicators to detect potential turning points in price trends. By understanding Bollinger Bands' ability to highlight periods of market consolidation and expansion, you will gain an edge in predicting trend shifts and take ad
Two Possible Trade Setups on GoldIn this video I give you a brief breakdown of the structures and setups that I am expecting to see unfold on gold. This indicates a possible short, followed by a really nice trade to the upside.
Remember to apply your own strategies and risk management to your trades as this is not a guarantee.
Happy trading!
Linton
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






















