Peleton has been downtrending due to market conditions and the huge recall and lawsuit they are facing.
Overall I am bullish longterm but think we will see a continued downtrend to list key support levels
Happy trading
Never financial advice
nsadaq 100 is currently in a pennant pattern on the 4hr and uptrend on the higher timeframes.
because of heavy resistance due to penneant we should see a pullback and potential breakthrough to the bottom of the uptrend on the higher timeframe
As always
never finacial advice
trade responsibly
Potential inverse head shoulders setup on the daily time frame.
Direction will directly correlate with us treasury bond yields.
If we see a further spike in bonds, the market will continue to crash to key support.
If yields decrease head and shoulders pattern will follow.
As always
Never financial advice
Trade responsibly
us30 has been continuing the trend line and currently sitting in an awkward zone.
the trend is overall bullish, meaning we could see a continuance to the upside or retest at major support before continuing trend.
never financial advice
trade responsibly
head and shoulders potentially forming
if it does we will see a pullback to resistance before continuing the downtrend
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trade responsibly
Bitcoin has broken out from inverse head and shoulders, continuing the bullish trend on the higher time frame.
The next resistance level has not been tested often and could reject resistance.
If the bullish trend fails against new resistance, we should see a retest at the key support level listed.
As always
Never financial advice
Trade responsibly
usd has approached major resistance and could see a short term pullback before continuing trend
with the stimulus checks approaching the dollar is expecting to break shorterm uptrend and continue long term downtrend
never financial advice
trade responsibly
stock market overall should see a pullback to key levels, if this is true we will see a huge pullback off the trend on the higher time frames!
this is just for practice and i will not be trading this
never financial advice
trade responsibly
eurusd is on an uptrend on higher time frame and is fresh out of inverse head and shoulders
could see breakout of same length of head before becoming invalidated due to resistance
1500 pip potetntial/ 750 pip potential loss
2:1 r/r
not financial advice
trade responsibly
