ABCD down pattern; i could be a more optimistic, but think this target shown at chart above is conservative and safe.
Investing.com provides average year end forecast of 18050 for the DJIA based on the April poll of 25 analysts. How realistic is this target? The DJIA is currently trading at about 19x trailing earnings while the historical average of 15 is about 20% lower at around 14000 range. The market lows of last August and January of 15500 range was around 16.6 x trailing...
Pullback on SPX500, target at 2100
The SPX has been up and down more than a yo yo over the past year. Should traders and investors expect more of the same going forward? What's next for the SPX? The index has enjoyed a solid run up to this point since February lows gaining over 16%. In early May the 50/200 moving average 'golden cross' gave a bullish signal. Backtests show the 'golden cross' 4/5...
According to investing.com, the average of 27 analysts polled in April shows year end target forecast of 13550. Weekly RSI is approaching 60, with the upper weekly bollinger band starting to level off. Technically the chart appears to indicate the price trend is now towards the upper side of the trading range and offering a less attractive 'risk-reward' ratio...
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of...
Bio tech industries are supposed to have a bright future. Technical analysis also supports this view. IBB is hitting almost 52-week low with very strong support in place since early 2010s. Careful for structure and 0.2 Fib (0.3 short term) at 278-279. GL
* First one is a Gartley Pattern, not a BAT* Advanced patterns work best when the market is in consolidation. A great example is the German Dax where we recently saw two advanced patterns both hitting two targets. Now there is a third possible chance to get involved in form of a bullish cypher pattern. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
The S&P Index is hovering above the 2068 mark which remains a crucial support zone at the market, measuring 3 multiple tops since early 2015 the S&P index is likely to test its 4th Monthly top in early 2016 at 2105 which is very likely to test in a few trading sessions. From measuring the distance between June 2015 lows to early 2015 tops, we have a 9.23%...
Updating my previous entry that was based on the trend... It seems the support level may be rising and a potential break out of resistance levels. We'll have to wait and see, I'm not going to trade this for now. Clearly the market has been particularly strong the past few days....
I have a solution. Use the moving average 50 period low. Check the 4h chart on US30. Insert a 50 period moving average low. Insert support and resistance lines. You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
Janet Yellen once said global markets is a factor .. Well HERE IT IS AGAIN Find opportunities 2 take advantage of a investors fleeing away from the dollar around this time
Weekly chart indicates UK100 in a bearish trend setting lower and lower highs. RSI and CCI show overbought market which means that bearish trend is going to continue for at least few more weeks. Stoch RSI is at 96.47/98.08 which is a clear sign of over-bought market. Given the fact that Goldman Sachs increased its recession expectations from 20% to 30%, one...