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Goldenratio

S&P 500 Weekly out look to 2021 [long term short]We are seeing an aggressive stimulus from the US right now- where the re-opening of the economy looks to be strong. However with many companies with profit margins hit, it will look to be a big shock in reality when the new changes and consumer mindset shifts. We can only analyse the growth from the chart - and the large sell off showing a huge retracement - this cancelled out the growth of the US economy in about 4 weeks in terms of 26 million jobs on furlough and jobs lost. We have not seen credit crisis as yet, however the fact that bailout stimulus and money reserves being depleted - shortages will be created due to the demand and cracks will be evident. Take it to the supply & demand strategy using the record highs as a fresh supply - have to wait for the rally to indicate a rally base drop scenario. This will take a long time to play out but this is scenario one. Leave your thoughts and analysis. Lupa Capital
FX:SPX500Short
by LupaCapital
ETH fractaling inside huge MEGAPHONE. Indicators signaling DOWN.1. bearish RSI div 2. bearish MACD div 3. longer trendline resistance (broken with possible fake out. other trendline is not yet broken, and is forming a megaphone pattern) 4. megaphone pattern (usually a bearish pattern but could brake out either way. Expect very volatile price action very soon) 5. megaphone fractal within a huge megaphone (it should be interesting to follow the price. If smaller one resolve bearish, it could drag a bigger one very fast very low, and vice versa) 6. fib retracement of .618 & .786 which is usually a location for a trend continuation 7. long term downtrend - series of lower highs and lower lows. (even if ETH broke out of the trendline and created a small w pattern, which is known as a double bottom, on a bigger scale, it hasn't formed yet on a higher time frames) So if I have to bet, I would bet down, as long as the long term bear trend resolve itself, but for now, location is very good for bears. I expect them to show up very soon, but if they don't show up, bulls won't hesitate a second to take over.
Short
by AjnoudaSikret
6
EURSGD looking for a melt 🦐The market, after hitting few times the discending weekly trendline in red, created a double top formation. After breaking the ascending channel price could restest the yellow structure and then move first to the 0.382 fib level and then to the 0.618 fib level. According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
EURSGD rejected by historical trend line 🦐The market after the recent rally got rejected by the historical trend line in red. Now the price broke and retested the support line and currently trying to break the structure at the 0.382 fib level. IF the market will mange to break the structure we can set a nice short order according to our rules with a possible target around 1.551 or 0.618 golden ratio. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
Golden Ratio on Any Chart - Interesting Results Notice how the following numbers are resistance and support. Breakdown any stock using the fibonacci retracement tool and start at zero to a number listed below that is above the all time high of the stock. Notice how the 23%, 38% and 61% will match one of the numbers on this list. Now apply fibonacci retracement tool in between any of these percentages and you will again find key levels. Break it down again and again to find key levels for lower time frames. I'm fairly new to technical analysis , so I don't know if this helps. Any comments? 1.61803398874989000000 X 0.00118624128964227000 0.00191937872549970000 0.00310562001514197000 0.00502499874064165000 0.00813061875578358000 0.01315561749642520000 0.02128623625220870000 0.03444185374863370000 0.05572809000084210000 0.09016994374947550000 0.14589803375031700000 0.23606797749979100000 0.38196601125010700000 0.61803398874989600000 0.99999999999999900000 1.61803398874989000000 2.61803398874988000000 4.23606797749975000000 6.85410196624959000000 11.09016994374930000000 17.94427190999880000000 29.03444185374800000000 46.97871376374660000000 76.01315561749430000000 122.99186938124000000000 199.00502499873400000000 321.99689437997300000000 521.00191937870500000000 842.99881375867400000000 1364.00073313737000000000 2206.99954689604000000000 3571.00028003340000000000 5777.99982692941000000000 9349.00010696277000000000
SP:SPX
by UnlimitedTrading