Chimbarosa

Chimbarosa

Historically, an inverted yield curve has been viewed as an indicator of a pending economic recession; hence the inversion of the yield curve might be perceived as a leading indicator. Once the yield curve is inverted, it may be several months before we see GPD contracting; and it is not guaranteed that we will see a sharp drop in GDP. First pane: You can see...

Chimbarosa Updated 

I like the set-up. It seems that RWE tries to break out of a triangle. Even though we have some MA in the way to a possible TP around 36, I like the set-up. It seems as well, that we have some support around 30. Take care!

Chimbarosa Updated 

Source & Credit: thepatternsite "My testing of the bearish three-line strike candlestick pattern shows that it acts as a bullish reversal 84% of the time instead of the bearish continuation that candle theory suggests. Unfortunately, with a frequency rank of 94, it will be difficult to find. The overall performance rank is 1, the best out of 103 candle patterns....

Chimbarosa Updated 

Support: 1,800/2,000 Resistance: 2,800/2,900 Pattern: Potential bullish wedge break-out; alt. range (2,000 - 2,800). I like the set-up and I went long yesterday. My TP is around 2,900. Since we are at the daily PP, we might see some pullbacks. Patience. Take care and travel save.

Chimbarosa Updated 

The procedure as the last three times. In the media, if this is going to happen than xyz is going to happen. This time it was the Fed guidance on interest rates. And the Fed did do what they had to do and surprised the market a little bit. We saw an initial sell-off. But on the other hand the Fed said: Guys go on with wathever you want to do within the next 18...

Chimbarosa Updated 

We are just at the bottom of the trend channel; which is valid since Nov. 2020 (violet lines). I just bet that we don't leave the channel. I we do, it becomes ugly; very quick. I opened a long trade around 4,170 and I target 4,300. Take care mates.

Chimbarosa Updated 

DAX is pretty oversold in the 4H. Which could provide a long opportunity with TP around 600/650. Possible support around 15,300. Take care mates.

Chimbarosa Updated 

DAX is still forming a bearish wedge. If the DAX breaks below the 15,650 we might see a small sell-off till: 15,450. Additional pressure might arise from the weekly RSI, we are slowly leaving the overbought area and moving below 70. The SMA 55 just crossed the white line and the market might want to test if the break-out can be confirmed. This would take us...

Chimbarosa Updated 

Today another perfect example of a bear trap: In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS. What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still...

Chimbarosa Updated 

DAX might form a rising wedge. If the DAX breaks below the violet line this could trigger a sell-off. If the DAX breaks below the violet line the TP could be around 14,800. If the DAX breaks above the violet line, this pattern is busted and the rally could take us to 16,200. I am waiting patiently to see what is going to happen. Take care

Chimbarosa Updated 

ETH sets-up an ascending triangle. Which means, if ETH crosses 2,900 it might have the potential to target 3,200/ 3,900. I have already opened my first position around 2,600 (not according to the playbook). SL is below 2,480. The ascending triangle are the orange lines. Support/ resistance: Please check the rectangles. The arrows and tick-marks are the old ETH...

Chimbarosa

It is a nice example of a bear trap. A very good combination of support, worse than expected data, Fed speeches... The only question is, is this spike going to last) Is this the spike bulls have been waiting for to start a rally which takes us above the 14,200? Or is it just the spike to kill shorts... I guess the future will tell us. None the less, I never sell...

Chimbarosa Updated 

I am bullish on DXY. IMHO: It seems that DXY has found some support around 90. DXY is forming also some positive divergence in the Daily MACD. Both, the support around 90 and the positive divergence, triggered my long entry with a target around 95. So take care.

Chimbarosa

First of all: I am bullish only if we break above the ascending triangle (on the right). IMHO: Are you wondering why silver is not moving above the 28 USD? Scroll to the left :) XAG is forming right now an ascending tringle with resistance around 28 USD. The 28 USD has been the support of the massive falling triangle (from 2011 to 2013). If XAG moves above, XAG...

Chimbarosa Updated 

I like this set-up, even though it is not confirmed. But most coins have set-up a "possible" complex head and shoulder bottom. I am really curious, if this is going to work out. If we manage for example "ETHUSD" to move above 2,900 USD. Then we have a good likelihood for a rally towards ATH. Nothing is confirmed, nevertheless I have opened already 1/3 of my...

Chimbarosa Updated 

The trade is already active (since 4,070). Two major resistances are ahead: 4,120 4,155 My main assumption is, that we stay within the major channel (which started in Nov 2020; I gonna post a picture afterwards). In addition to my main assumption, we have some positive divergence in the 4H MACD. You might want to wait until the cut is done.

Chimbarosa Updated 

I am back to my DAX shorting zone. DAX broke the support line on April 29. I guess we might see some efforts to reconquer the support line and if we fail, we could finally see the retest of the break-out line (white line). I never buy just one position, so I will use the whole area between 15300 and 15600 to buy some shorts (I prefer 1H MACD cuts to buy a new...

Chimbarosa Updated 

I am back to my SPX shorting zone. SPX staid wihtin the violet channel. I guess we might see some efforts to move towards 4,250 where we might move towards 4,300. I never buy just one position, so I will use the whole area between 4,200 and 4,300 to buy some shorts (I prefer 1H MACD cuts to buy a new short position with decently overbought 4H MACD ); if we break...