As you can see stocks are dumping hard. It started on Friday and since then index has lost 2.47% (out from 3.95% from ATH) which is huge for two days. Now at 4374 SR and potentially close to my favorite "dead cat bounce" effect. But no confirmation for it yet - no bullish engulfing candle or long lower wick with volume. So early to jump in. Once we see at least at 4H chart signs for bears running out of steam it will be a signal for temporary bounce. Then we will plan our long scalps and swing shorts.
Dollar Index at 93.45 resistance and the edge of breakout. If rejected we will see it back to ~92.86. That will be the last moment to exit longs and enter shorts at the best prices. And I'm talking about all - crypto, forex and stocks.
@WiseForex #Stocks #DXY
Dollar Index at 93.45 resistance and the edge of breakout. If rejected we will see it back to ~92.86. That will be the last moment to exit longs and enter shorts at the best prices. And I'm talking about all - crypto, forex and stocks.
@WiseForex #Stocks #DXY
These are two stocks I want to buy at POC in case global market dumps. If market won't dump that low - higher. US lifted restrictions on incoming international flights for vaccinated, and I saw my Lufthansa stocks bounce. Lifted restrictions here, the other stocks may bounce like Carnival or Royal Caribbean International. Possible cinema giants will also get a slice of that bullishness.
"POC" - point of control - long horizontal red line from volume profile
@WiseForex #Stocks #RLC #CCL #CNK #IMAX
"POC" - point of control - long horizontal red line from volume profile
@WiseForex #Stocks #RLC #CCL #CNK #IMAX
#Gold moving to the bottom of this huge triangle. POC at 1750. Bounce or die
Dollar Index at the edge of global breakout on weekly. Can pump to 95-96. Not the best time to hold longs against USD.
@WiseForex #ВЧН
@WiseForex #ВЧН
Potential breakout of bull flag (haven't yet grown above last high). Will long on pullback.
🔥 Trade Forex, Stocks and Crypto with BTC deposit at PrimeXBT
@WiseForex #USDJPY #Forex
🔥 Trade Forex, Stocks and Crypto with BTC deposit at PrimeXBT
@WiseForex #USDJPY #Forex
Wise Forex & Stocks
Potential breakout of bull flag (haven't yet grown above last high). Will long on pullback. 🔥 Trade Forex, Stocks and Crypto with BTC deposit at PrimeXBT @WiseForex #USDJPY #Forex
Unfortunately my 50k long didn't get filled 😔 Bounced a little higher. Could have been a great trade as price action was forecasted perfectly. Hope at least someone of you did it.
🔥 Trade Forex, Stocks and Crypto with BTC deposit at PrimeXBT
@WiseForex #USDJPY #Forex
🔥 Trade Forex, Stocks and Crypto with BTC deposit at PrimeXBT
@WiseForex #USDJPY #Forex
Stocks bounced and broke bear flag up. Unusual pattern invalidation, but it gives stocks a chance to return back to uptrend (which is broken now). Might get to 4440 on that impulse. Otherwise expect return back to triangle for re-test of support.
Dollar Index tried to breakout again yesterday but failed forming lower high on lower timeframes. It doesn't change the big picture which is bullish for DXY. Just give other assets more time to recover before potential dump.
@WiseForex #Stocks #DXY
Dollar Index tried to breakout again yesterday but failed forming lower high on lower timeframes. It doesn't change the big picture which is bullish for DXY. Just give other assets more time to recover before potential dump.
@WiseForex #Stocks #DXY
#Gold found support at POC (3D chart).
#DXY bullish re-test of 93.5 - chances for bounce and uptrend continuation are still high (3D chart)
#SP500 made higher low (8H). Global uptrend is lost but we may still expect recover as it was in September 2020. Got to stay above POC on the next swing down.
@WiseForex #Stocks
#DXY bullish re-test of 93.5 - chances for bounce and uptrend continuation are still high (3D chart)
#SP500 made higher low (8H). Global uptrend is lost but we may still expect recover as it was in September 2020. Got to stay above POC on the next swing down.
@WiseForex #Stocks