Fibonacci retracement levels connect any two points that the trader views as relevant, typically a high point and a low point.
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- Stimulus, Gold and BitcoinMarkets open for trading on Monday and our thinking is that the major theme for the week ahead is going to be stimulus, gold and Bitcoin.
- The blue wave lifts all shipsVery often it's better to not listen to the news, or the hype of all the mad things happening in the world around us. Most of the time, it's better to just sit down and focus on the things that we can measure. So to a large extend we try to do that this week, although we must admit the the blue wave in the U.S. is probably the primary driver behind the strength we saw last week. It's very likely going to be the source of a whole lot more strength in the week ahead.
- Technical trade ideasThis week I am keeping things a little less 'opinion' and focusing just on technical trade ideas. Well, trying to keep opinion out of it at least and just following what the chart says. So let's get into it.
- No pullbacks, only new highs pleaseMarkets bounced hard in the second half of last week. It's almost hard to believe how fast things are changing in the current landscape. Although there are so very many reasons to be cautious, if not flat out bearish, the market is just pulling its ears back and making its way higher despite the conditions of the world around it. Thus, given the strong footing the market ended on last week, and of course the charts, we think that we'll likely see new highs in the week ahead.