Watch out for the triple top
تم تحديثه
Position trading would suit you better if you enjoy an analytical approach, like to uncover hidden gems, can sit tight through daily and weekly price swings, and don’t want to be glued to the computer all day to trade frequently, with the slightest change of direction. Swing trading is more technical, and swing traders frequently trade in and out of the same stocks over and over again. In the end, it all boils down to personality and style. Swing trading would suit you better if you're excited by market action, enjoy frequent trading and lack the patience to wait out short-term fluctuations to get the full benefit of an intermediate trend.
* This here is position trading.
The triple top pattern is a type of chart pattern used in technical analysis to predict the reversal of a long-term uptrend. The pattern occurs when the price of a security creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying interest is becoming exhausted, which leads many traders to predict that a long-term reversal is about to occur.
A picture is worth a thousand words.
20 pictures are worth 20 thousand words.
As for the fundamental reasons I posted them in my past Dow ideas. They are kind of spread out, but you can find them. To sum up we are at the top of the debt cycle, stocks are super expensive, price to earnings ratio ath outside of 2000, low interest rates cannot get much lower + why would the FED lower them and cause a bigger recession in later years, hedge funds are fully geared (top of the debt cycle ey), the top 0.1% is about to be more wealthy than bottom 90% unseen since 1930, populism is on the rise, I probably forgot some...
More technicals pointing down
Long idea:
The SPX might have a slightly better RR. I still prefer the Dow here.
How you trade triple tops is normally like this (plenty of ressources on the internet):
the target here would be ~20.000 which is close to my personal target of 18-19k
Gold hedge, can either go long on a break of 1250 or short it when it testes that price.
US dollar has no momentum here...
If we go up there, this is how I would personally trade it:
Pro tip: using a different broker for this kind of trading, helps you avoid "unfortunate accidents", sure you can always reopen and the end result is the same, but it's just not the same, it is just better to leave these long term trades alone with a broker you never log in too.
* This here is position trading.
The triple top pattern is a type of chart pattern used in technical analysis to predict the reversal of a long-term uptrend. The pattern occurs when the price of a security creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying interest is becoming exhausted, which leads many traders to predict that a long-term reversal is about to occur.
A picture is worth a thousand words.
20 pictures are worth 20 thousand words.
As for the fundamental reasons I posted them in my past Dow ideas. They are kind of spread out, but you can find them. To sum up we are at the top of the debt cycle, stocks are super expensive, price to earnings ratio ath outside of 2000, low interest rates cannot get much lower + why would the FED lower them and cause a bigger recession in later years, hedge funds are fully geared (top of the debt cycle ey), the top 0.1% is about to be more wealthy than bottom 90% unseen since 1930, populism is on the rise, I probably forgot some...
More technicals pointing down
Long idea:
The SPX might have a slightly better RR. I still prefer the Dow here.
How you trade triple tops is normally like this (plenty of ressources on the internet):
the target here would be ~20.000 which is close to my personal target of 18-19k
Gold hedge, can either go long on a break of 1250 or short it when it testes that price.
US dollar has no momentum here...
If we go up there, this is how I would personally trade it:
Pro tip: using a different broker for this kind of trading, helps you avoid "unfortunate accidents", sure you can always reopen and the end result is the same, but it's just not the same, it is just better to leave these long term trades alone with a broker you never log in too.
ملاحظة
Under pressure from the USA incompetent president that wants idiotic people that still think he has anything to do with the economy to think he was "good", the FED have let people know they weren't very interested in raising rates.This has caused the dow to move 600 points up.
Due to low IQ fund managers and retail are feeling euphoric and celebrating and heavilly buying, looks like this might give enough fuel for a triple top. Perfect.
If it goes beyond it will just end up being worse.
Nothing done to prevent ice melting/flooding.
Nothing done to prevent a mega bubble.
MMMmmm looks like a perfect combo for third world shithole worse than the Soviet Union when it split up.
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