Considering that the recession scenarios have not subsided we can maybe say that situation A is more likely to happen.
But we can also consider that the worries about the recession are already priced in and the market already factored in the worst. In such a case situation B also have a possibility. What is your take on the same?
U.S Dollar currency Index tested our target level 111. I was predicted this on 13 may 2022 post.
It is working in parallels channel and currently trading at upper line resistance. it may correct soon.
Negative Divergence also seen on daily and weekly chart.
Oil has given the movement as expected in our previous chart
we expect the oil to touch the box I have drawn
from there onwards we start our buying in oil
it can go further down. we are taking a stop loss of 65
but it is impossible to catch a falling market
so we will start buying the movement it touches our zone
Time of playing out might change but this trajectory has a high probability imo. Idk how/where to trade this yet, but you can also use it to guage the macro picture doing this and know when to get risk averse.
Difficult times all across looks to be brewing. Time to research what should one be doing in those times is NOW.
Long, short term, swing short long term...
The US VIX (volatility index) is over heated at +32 which is unusual. As the US indices have been corrected up to 20-32% from the swing high, technically it is already a crash and enter of bear market especially the technology sector, the most hit one. Next level is recession. My observation is, the increasing VIX is alarming further potential sharp correction in...
Hi guys we will buy trident because it has fallen quite a lot after the crash and has stabilised a little bit and if we look at the Us and
the India markets they are looking bullish so trident will also show signs of bullishness and it would be pretty good trade.
That's all make sure to follow and like
Netflix has formed a pennant pattern and currently its in a position to either give a breakdown or a breakout from this point. A proper trade can be initiated after either of those happens with good volumes.
US Dollar Index Buy Setup found
accoring to elliott wave analysis,
market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all.
i will be in buy as i analysed us index.
Best of luck
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he Cboe Volatility Index (VIX) is a real-time index that represents the market’s expectations for the relative strength of near-term price changes of the S&P 500 index (SPX). Because it is derived from the prices of SPX index options with near-term expiration dates, it generates a 30-day forward projection of volatility. Volatility, or how fast prices change, is...
0.618 Levels is facing good resistance since 3-4 trading sessions. And according to fibonacci retracement this the levels where wave c can start and S&P 500 can show one more leg of correction in the coming days.
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