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A powerful confluence of technical levels has formed on the Hang Seng Index (HSI), setting the stage for a potential rebound: - 2024 Yearly Open Support - 618 Fibonacci Retracement - Channel Breakout Retest Will the HSI capitalize on this triple threat of support and bounce back? Share your insights!

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The WTI trendline is exhibiting a parallel to past crude oil price crashes, specifically the 2014 oversupply crisis driven by booming US Shale production and the 2020 COVID-19 pandemic. Given this historical similarity, a critical question arises: is the current trendline breakdown a warning sign of an impending recession?

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Copper is on the verge of a major breakout, fueled by a shift in market sentiment after Jerome Powell's clear signal of impending interest rate cuts at the Jackson Hole symposium last week. With rate cuts expected to boost economic growth and drive copper demand, the stage is set for a significant price rally.

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Caution alert for gold enthusiasts! The price has encountered resistance at the channel top, a level that has consistently capped gains since 2022. This rejection suggests a short- to medium-term correction is imminent, potentially followed by a retest of support levels. While long-term fundamentals remain bullish, a near-term pullback is likely before gold...

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Bitcoin has exhibited its first sign of revival, sparking the question: is this a genuine resurgence, mirroring the May 15th breakout, or a brief rebound akin to the June 30th false break? Interestingly, the recent supermoon event has prompted me to consult the moon phase indicator, which suggests a heightened likelihood of a sustained upswing, potentially...

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The S&P appears to be exhibiting short-term exhaustion following the strong rebound from its recent correction. A retest of the trendline breakout, aligning with the 23.6% and 38.2% Fibonacci retracement levels, is likely in the near term. This pullback could provide a buying opportunity before the index resumes its upward trajectory, potentially reaching new...

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The unwind of the Yen carry trade has led to a significant breakdown in the USDJPY, shattering the ascending channel that had been in place since early 2023. We're now witnessing a retest of the channel's lower bound, where crucial resistance levels come into play. As asset managers continue to unwind their short Yen positions to mitigate risk, we may see a...

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Silver might be primed for a breakout to recent highs here as the Gold/Silver ratio looks stretched at the moment.

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Ethereum “sell the news” of ETF launch is done. Time to send it to all-time highs. Bitcoin took 64 days from its spot ETF launch to reach its peak. We’re 7 days into Ethereum’s spot ETF launch. The same playbook seems to be repeating. More upside to come.

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With Joe Biden likely to drop out of the election race, Kamala Harris seems to be the current favorite to replace him. Kamala Harris on 15 Mar 2024 said "nobody should have to go to jail for smoking weed,". Showing her support for the marijuana industry. This marijuana ETF should see a breakout to new highs should Kamala Harris' chances of running for president...

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We could see some profit taking at this critical resistance level on Ethereum. Though I'm expecting much higher prices after a pullback.

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Trump’s failed assassination attempt triggered a Bitcoin breakout, seemingly solidifying his chances of winning the election. Trump has strongly supported the crypto industry during his current campaign. Bitcoin has also held its price channel well while absorbing Germany’s dumping of 50,000 BTC, which is now completed. The Bitcoin bull run seems primed to resume.

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The lagging Dow Jones Index is looking to breakout and play catchup to the S&P and Nasdaq

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The bottom for altcoins seems to be in. We're likely in for a bullish altcoin summer.

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Last chance to buy Ethereum before the spot ETF launch expected next week.

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Putting the Wyckoff Distribution pattern in the context of live charts with Fibonacci levels. Figured I'll publish this to use as a guide for trading entries if price continues to track it.

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Update on previous cheat sheet after the recent massive short squeeze on Bitcoin. Trendlines and support/resistance levels mostly unchanged. We had a protracted Phase C second test followed by a move into Phase D which was confirmed after we broke out of the trendline at 33k. Sign of strength came from a massive short squeeze as we broke through 35-36k. This...

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Update on the previous cheat sheet with new trendlines and support/resistance levels. Have also included the cumulative volume of each swing high and low since the Spring/Shakeout, to better show accumulation with lower volume on each pullback compared to up swings. (Note that volume is only based on BINANCE:BTCUSDT ) It appears we have just formed the second...