comparison between PSTG (pure storage) and NIO (nio).on the right we have nio, trying today to break over the MA 50 dynamic resistance, and on the left we have pure storage, trying to bounce off the MA 200.
as you can see, both of them bounced off the MA 200, but while nio did jump high today, pure storage didn't yet.
because of that, I believe we will see a jump within 2 weeks in pure storage too, not a big %, but yet not a trash can.
anyway, rejecting the MA 200 4 times is an amazing thing, and if the price can start to climb again, we may see it reaching a new high in both nio and pstg.
lastly, I would suggest you to check nio and compare it to pstg whenever it is possible, as long as the correlation between the 2 remains.
logarithmic chart
basic chart
US
US Dollar index (DXY) close to a key Support Zone (1)The US Dollar Index (DXY) is close to a key support zone (1).
-Maybe we will see a strong reaction there, not very probable though
-However, if the US Dollar loses this important support zone (1) things will turn very bad, and very fast
RSI Precision looks also similar to January 2008 and October 2017.
G. Protonotarios
US500 - Video Detailed Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for US500, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
NASDAQ US100 Chart Analysis April 16
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for April 16.
It's a 30-minute chart long position strategy.
*Red arrow on the path of movement
Long Position Strategy
Stop loss when the green support line is deviated
The final target is the green resistance line at the top.
*At the time of the sky blue finger movement path
Short -> Long switching strategy
When entering short,
Stop loss when breaking the orange resistance line
The final red support line is long position switching.
Stop-loss is essential and I hope you operate safely.
Nice work this week.
Have a good weekend
Thank you.
DOLLAR INDEX (DXY) Potential Reversal Zone to Watch
Greenback keeps losing its value against major currencies.
However, technically speaking the trend still remains bullish.
Currently, the price is forming a retracement leg.
The next zone to watch for a bullish continuation is 91.0 - 91.4 area.
As a confirmation, rely on a bullish breakout of an underlined expanding wedge.
In case of a bearish breakout of the zone, the index will most likely go even lower.
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US INDEX/DXY: IDEACurrently DXY is trading @ 92.138
In our previous analysis we expected the pair to fall to 92.3 which was 50% Fib Retracement,
However the pair has fallen below this & is currently @ 61.8% retracement
DXY is currently trading near support @ 91.980
If it breaks below this support then we would expect it to fall to the next support @ 91.330
But if the pair continues to treat it as support & manages to break above the current downtrend line
We would expect it to go back to 93.4 & attempt to reach 94
Link to our previous analysis below
SP500 HISTORICAL ANALOGUE POINTS TO CRASHSo we hit the 4080 level which is the most extreme point the reversal can happen. I predict we will start to drop this coming week.
What I will be waiting for is a STRONG impulse to the downside on the 5 minute and then WAIT for price to bounce, that is where I will look to enter.
Reasons for Bias:
Volume and price divergence
Parabolic moves dont last, price over-extended
Historical analogue points to bear crash.
Viacomcbs Inc - Long Opportunity Buy at $40 - stop loss at $38Fundamental Point of View:
ViacomCBS has recently featured heavily in the news due to it's $3bn stock offering, resulting in a large sell off which has had a role to play in the misfortunes of some hedge funds. Ignoring the misfortunes of Archegos Capital Management, ViacomCBS successfully raised $2.65bn at $85 a share. ViacomCBS now has a significant opportunity to pursue it's aggressive strategy to compete with the likes of Netflix and Prime.
Technical Point of View:
I've labelled levels of strong support and resistance on the chart and what becomes apparent is that the sell off witnessed over the last couple of weeks has stalled at a very significant level. This level is where strong, historical, horizontal support intersects the corona recovery line of support. This presents the perfect risk vs reward opportunity of a bounce back up to prior resistance. The three price targets highlighted are recent areas of support that were broken and are now acting as resistance. Price target two lines up perfectly with the Fibonacci retracement level of 0.5,therefore if a bounce occurs i am looking to take profits at this level.
Buy in the range of $40 - $41 with a tight stop loss at $38.
At present i am not in this stock but have entered a buy order at $41.
Rolls Royce - Are You Ready For The Ride?Hello everyone, if you like the idea, do not forget to support with a like and follow.
RRU formed an inverse head and shoulders pattern , but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the neckline to buy. (gray area)
Meanwhile, until the buy is activated, RRU would be overall bearish and can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Largest economies in the US and in EuropeI think every one should know what the 4 largest American states and 5 largest European ones are. After the Chicago state I really don't know what the other ones are and I do not think they carry the same weight as the biggest ones, I don't think it's that important to look at what's happening there.
In Europe Spain has had huge unemployement and people living with their parents for decades, Italy is sort of on a path of dying like Greece now, the south countries basically are doomed, the ones around central-north Europe (Germany Netherlands Belgium) are still doing very well, France is ok for now, and the central/east Europe ones are on an uptrend still recovering from the USSR and oh boy I was talking to Czechs and Slovaks today and I dared to speak not completely negatively of communism and gosh the reactions it's like going to an Antifa group and praising Hitler. It's not just Hungarian & Polish politicians, the typical population hates communism with a passion and is very skeptical of the European central power.
So to sum up I'd divide it like this:
The economic gap between Europe North and South is the reason why the Euro is under stress and might have to be changed, OR - and this might be part of the plan - why Europe needs to have even MOAR power over the nations to make the Euro work. Italians do not want to end up like Greeks, there is a possibility that the EU collapses like the USSR.
The divide between the US "camp 1" and "camp 2" is the reason why you cannot have shared laws and shared media and so on, or maybe it is a reason for the federal government to tighten its grip? Stubbornness and totally different ideals but also realities means there is a possibility that the US collapses like the USSR.
In any case the government securities bagholders will be the greatest fools the world has ever seen.
France has been vigorously fighting and spreading propaganda against Sputnik, the Russian vaccine.
But oh joy, Germany started to import it.
Now is the time we will see if France is Germany counterweight, Europe second power, or if France is a Chihuahua that will follow its master.
I already know the answer :)
The difference between the EU and the US is the EU has been stagnating for 20 years and will fall from that stagnant point, but they still retained a neutral trade balance and some manufacturing possibilities; whereas the US has been printing magical money and severely net importing to increase their wealth (not just stagnate) WHILE getting lazier and producing relatively less. So they will both fall from much higher and end up much lower.
Some states have it worse than others we all have an idea I think? I can't mention the subject without offending the cry babies.
You can look at the stats for the EU here on the link below, it goes back to 2002 it's the same story for 20 years just has kept balooning with more net importing from China and more net exporting to the USA. "Unsustainable" they said, now been going on 2 decades, nothing to see here.
trade.ec.europa.eu
NIO - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
NIO is approaching a demand area in green, we will be looking for new buy setups.
Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Our red trendline is not valid yet so we will be waiting for a third swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it. (gray area)
Meanwhile, until the buy is activated, NIO would be overall bearish and can still dive inside the green demand before going up, or even break it downward.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Us30 ( downward)-Stabilize above flag will be upward
- Stabilize under flag will be downward till 33220 then 33000
Ivey PMI could boost Canadian dollarThe Canadian dollar has reversed directions on Tuesday and posted slight losses. Currently, USD/CAD is trading at 1.2549, up 0.25% on the day.
The Ivey PMI rebounded in impressive form in February, rising to 60.0, well into expansionary territory. This followed two straight readings below the 50-level, which indicated contraction. The street consensus stands at 62.0 for March, and a read within expectations could boost the Canadian dollar.
A booming house market in Canada and elsewhere has raised fears of a housing bubble. Soaring house prices are nothing new in major urban centers such as Toronto and Vancouver, but this red-hot market has spread across the country.
However, the Bank of Canada will be unwilling to make any moves such as raising interest rates, given the fragility of the Canadian economy. The recovery could be a long one, as Canada's vaccine rollout has been unimpressive, and Covid continues to weigh on the economy. BoC Governor Tiff Macklem has called the price increases in housing "unsustainable", but with mortgage rates at an ultra-low 1.5%, demand will likely remain strong, keeping house prices at very high levels in the near future. If mortgage rates suddenly rise, it could trigger a significant drop in house prices and drag the Canadian dollar down as well
The US dollar has lost some of its lustre, as US Treasury yields have retreated. The greenback failed to take advantage of a stellar Nonfarm Payrolls report on Friday, which rose to 916 thousand, up from 379 thousand. With the Biden administration working on a massive infrastructure package, there are expectations that upcoming NFP prints will exceed the 1-million mark, as the US economy continues to gather steam.
There is resistance at 1.2640. This is followed by resistance at 1.2703. n the downside, there is pressure on support at 1.2521. Below, there is a support level is at 1.2465
WAIT TO BUYWait for this daily small correction to previous resistance to buy. As we can see on the graph, there is a shoulder head shoulder pattern in an ascending trendline, which is a very bullish sign.