ISM Manufacturing PMI Remains Contractionary ISM Manufacturing PMI (released today).
Rep: 47.2 🚨Below Expectations & contractionary🚨
Exp: 47.5
Prev: 46.8
Anything below 50 is considered contractionary.
ISM Services PMI
ISM Services PMI is released this Thursday 5th Sept 2024. ISM Services is currently expansionary at 51.4. Lets s
A Trade as Simple as "Shooting Ducks in A Barrel" Soybean ShortIf you follow my channel, you know I love to trade a strategy that I like to call "Ducks in a Barrel". Its a strategy that is as easy as shooting ducks in a barrel.
We have a setup forming on the Daily timeframe for the Soybeans market.
Step 1: Identify trend (I like to see the 52 & 39 period SMA'
Meta (META): Watching for a SetbackIt has been a lovely rise within META since 2023. However, we are now continuing to range for some time, which is usually a sign of a possible setback before a continuation. This setback could be beneficial for sustainable growth and further rises.
Zooming in, we can observe a range building sinc
DOUBLE BOTTOM IN NATURALGASNatural Gas (NATGASUSD) 1 DAY Chart Analysis
Bullish Indicators Identified: Bullish breakout above the neckline of a double bottom pattern, previously acting as horizontal resistance.
Break of a falling trend line, signaling potential trend reversal.
Expanding Demand Zone: The broken structur
Radiant: High Volume = High Potential For Fast Move! (100%-200%)This chart is so clear that it hardly needs any explanation. For some we go deep into TA, while with other charts we go deep into the psychology of trading. Some other times we focus on courage, inspiration, success and personal growth. Some others are meant for profits; potentially fast growth.
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TradingView Auto Chart Patterns - AMZN LULU GOOGL META NVDA I've been playing around with the auto chart patterns for a few weeks now and so far it's been pretty accurate. I think it's great to have an automated tool to help identify a lot of the common patterns I look for so I wanted to share. It also gives extra confirmation to my current bias. We'll see h
September Effect - Up/Down/Sideways - How I'm Trading ItSummer trading is officially done and the market will be news sensitive leading up to the big bad FOMC Rate Decision on September 18.
August's monthly candle is a wild one with a massive wick to the south and the bulls pushed the SPY within a whisker of all-time highs, Dow to several all-time highs
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all ti
X, Starlink and Tesla: Musk's Conflicts Shake Wall StreetElon Musk's companies, X (formerly Twitter), Starlink and Tesla, are in the spotlight on Wall Street, impacting risk perception and market volatility. X faces blockades in Brazil after refusing to remove profiles linked to the far right, which has led to regulatory tensions that extend to Starlink,
USD/JPY trade setups using 146.50 for protectionSitting in the middle of its recent range at the beginning of a week laden with risk events, 146.50 looms as a potential level USD/JPY traders can build setups around. With price and momentum breaking their respective downtrends last week, and with no meaningful sign of further deterioration in the
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