2022 October
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S&P500 Huge confirmation of our bull pattern repeat.
- October 24, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
No CommentsRight on the October 13 2022 low, when the CPI number came out higher than expected and the market was in extreme fear mode, we posted the following idea on the S&P500 index (SPX), explaining how fundamentally the report was still lower than the previous month and more importantly how technically the index was
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TONUSDT Massive break above the 1D MA50. Potential +100% rise!
- October 21, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where TON is currently testing the 1D MA50 (blue trend-line) for the second day in a row. This test is carried out while the 1D RSI is on a strong rise,
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ORACLE Broke above the 1D MA50, first time in more than a month
- October 21, 2022
- Posted by: Tradingshot Articles
- Category: Stocks
The Oracle Corporation (ORCL) broke today above its 1D MA50 (blue trend-line) for the first time since September 14. Within the long-term Channel Down pattern that the price has been trading in since January 12, this is the fastest break-out after a Lower Low bounce. Basically it resembles the fast rebound after the February
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DELL Excellent buy opportunity on the break-out
- October 21, 2022
- Posted by: Tradingshot Articles
- Category: Stocks
Dell Technologies (DELL) is testing the top (Lower Highs trend-line) of the short-term Channel Down that started after the September 12 High. The 1D MA50 (blue trend-line) is right above it, all within the wider pattern of the long-term Channel Down since the March 29 rejection on the 1D MA50. However, while the price
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USDHKD Drop imminent on a 5-year RSI signal
- October 21, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDHKD pair naturally has a tight trade but at times gets volatility shocks. A signal that since 2017 has triggered such shocks to the downside has been flashing on the 1D RSI. As you see during that period, every time the 1D RSI formed Lower Highs while the candle action was either rising
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USDCNY Next week will probably top and turn sideways
- October 21, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDCNY pair has been on a very strong rise since it got detached from the 1D MA50 (blue trend-line) on August 11. The bullish channel resembles that of mid April – mid May, which topped on its 6.0 Fibonacci extension from its previous Support. The RSI is printing a similar sequence that was
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NETFLIX +15% near the 1D MA200 for the first time since January!
- October 19, 2022
- Posted by: Tradingshot Articles
- Category: Stocks
Netflix (NFLX) had its highest daily opening in over one year, rising so far +15.21% form a 240.86 close yesterday to a 277.50 intra day peak. This is of course a fundamental move due to the big earnings surprise yesterday (3.1 EPS against a 2.18 forecast). Technically, this brings the price just below the
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USDCAD Sell signal to the end of the year
- October 19, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDCAD pair has been following for a very long time our 1W trading pattern and as per our trading plan on November 01 2021, it reached our 1.36000 target for 2022 already: As you see the projection couldn’t have been better and this approach is a great way for long-term investors to benefit
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S&P500 Bullish Divergence on RSI targets 4000 short-term
- October 18, 2022
- Posted by: Tradingshot Articles
- Category: Stock Indices
The S&P500 index (SPX) has been trading within a Bearish Megaphone pattern through this Bear Cycle of 2022. Since August 31, despite having the candle action on Lower Lows, the RSI on the 4H time-frame has been on Higher Lows, i.e. flashing a Bullish Divergence. The only other time that this took place within this
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USDJPY Testing the top of its 5 month Megaphone. Rejection?
- October 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The USDJPY pair rose aggressively last week, breaking above its September 22 High, the Resistance at the time. The price came on Friday as close as possible to the top (Higher Highs) trend-line of its 5-month Bullish Megaphone pattern. That alone would be enough to reject the uptrend and pull the price back on