Theme of this video: "Beware the 50/80 rule. When a secular leader makes a major top, there's a 50% chance it will drop 80% and an 80% chance it will drop 50%. The average decline of a former leader is more than 70% peak to trough. I assure you, FANG stock WILL eventually make this list."
This technical analysis is for informational and educational purposes only. It does not constitute financial advice. Remember to always research and consult with a professional before making investment decisions. Good luck! ???
USD/CAD slumps to near 1.4400 as investors await Trump’s tariffs plan for Canada
Admirals Group AS reported group net trading income of EUR 38.4 million for 2024, down from EUR 40.9 million in 2023.
Two sharply different visions of AI were platformed on stage at the Mobile World Congress trade show on Monday. The true believer’s case for the technology’s potential — to merge with and transform human life for the better — was offered up by futurist and singularity priest Ray Kurzweil, who also has a research role […] © 2024 TechCrunch. All rights reserved. For personal use only.
- Brent broke support zone - Likely to fall to support level 70.50 Brent recently broke the support zone between the support level 74.00 and the support trendline of the daily up channel from September. The breakout of this support zone accelerated the active intermediate impulse wave (3) from the end of February. Given the clear daily downtrend, Brent can be expected to fall to the next support level 70.50 (former strong support from September to November).
Damn!! It's so fuckin bearish man you moon boys lol
### **Key Observations:** 1. **Sell-Side Liquidity (SSL) Taken:** - The price has previously swept the **sell-side liquidity** (lower stop orders), indicating a potential **reversal or accumulation phase**. 2. **Fair Value Gap (FVG) Overlapping:** - A **bullish FVG** is visible, meaning that price might revisit this area as part of a retracement before continuing upward. 3. **Internal Liquidity Target:** - The first **internal range liquidity (IRL)** target is around **18.67%** from the current level. 4. **Buyside Liquidity Target:** - The **major target** is at **53.98%** from the current price, indicating a strong bullish potential move. 5. **Expected Price Movement:** - If the price respects the **ERL (Equilibrium Range Level)** and does not drop below key liquidity levels, a **bullish continuation** could be expected toward the **FVG** and then toward the **buy-side liquidity**. ### **Potential Trading Plan:** - **Entry:** Look for confirmation near **internal liquidity** or the FVG area. - **Target 1:** **18.67% move** toward **internal liquidity**. - **Target 2:** **53.98% move** toward **buy-side liquidity**. - **Invalidation:** A break below **sell-side liquidity** could invalidate the bullish setup. This setup suggests a possible **bullish market structure shift** if the price holds key liquidity levels. ?
BTC filled the CME gap and almost retraced to the golden pocket fib level. There is a decent volume gap below before we get more support. This is a critical level for Bitcoin a CHofCH would be ideal.