The Nasdaq 100 is in a strong uptrend, so selling would be risky- but a double top on daily chart could have begun Tactic- wait for pullback to ST rising trend line for buying opportunistic
The euro has reversed strongly from its range high at 1.18 with a weekly engulfing candlestick which implies weakness Scenario A) Price continues to drop from the weekly open Scenario B) A better risk:reward setup occurs after a rebound to 1.17, the 50% Fib of the bearish engulfing candle
Possible bearish positioning potential in line with weekly reversal candlesticks Scenario A) 1.305, the low from last week, holds and price rolls over Scenario B) a bigger bounce from last week's declines to 1.31 before price turns lower
Sterling rebounding from weekly oversold levels Scenario A) Rebound continues after break of old high at 1.305 towards 1.32 Scenario B) False break at 1.305 to mean another drop below 1.30
Gold has been consolidating at the bottom of a strong downtrend near $1200 per oz. We will follow the trend until it ends! assuming a break lower. The risk to this outlook is the monthly rising trendline holds Potential bearish scenarios Scenario A) The inside day breaks to the downside, targeting 1160 low Scenario B) Inside day makes a false break to the topside...
The breakout above 80 has been confirmed on a daily basis, but not weekly. Scenario A) Brent pulls back to 80.50-81 for possible buy setup - short term resistance at 82- then LT target is 88.50 Scenario B) Pullback extends further lower, risking potential false breakout on weekly basis
The news has been bad around China and the trade war- but perhaps some relief is due as fatigue sets in Copper has broken out of a triangle base Scenario A) Broken trend line provides support on a pullback for bigger move to 2.86 Scenario B) Old highs at 2.75 hold and price drops back into its range
Several weekly reversal candlesticks at the 80 level are bearish Scenario A) 77.85 acts as resistance and price falls to 77, with break of 77 leading to larger fall Scenario B) 77.85 gives way for another run at 80
A weekly close above long term down-sloping trendline is bullish Scenario A) Price begins to trend, look for 4hr pullbacks in line with uptrend Scenario B) Another false break of the down-trendline, price heads back to 111
S&P is trending higher. The January resistance breaking and becoming support is bullish Scenario A) pullback is over, price continues higher to 3000 Scenario B) small double top at 2900 pointing to break back through Jan high
BTCUSD: bullish while above 6k. Bearish engulfing weekly candlestick makes a bearish case Scenario A) drop back to 6000 present long opportunity Scenario B) 6000 breaks for huge short opportunity
The dollar yen looks to have formed a H&S pattern from top of recent range Scenario A) Neckline is broken and targets 107, bottom of the LT range Scenario B) Neckline holds / false break
The dollar index is in a pullback from an uptrend on the daily chart. 95 is key support Scenario A) 95 holds and price pushes higher toward 96.15 Scenario B) 95 breaks and ends uptrend for larger drop
Scenario A) 1.1390 to 1.1410 holds as support and daily hammer could mean a bigger bounce Scenario B) Downtrend resumes with break of 1.13
GBPUSD is in a solid downtrend and short term trades should still focus to the downside However, support from 1.265 and a weekly oversold condition could mean the market is ready to bottom out
Bitcoin is in a bearish trend but has run into key 6000 support again Scenario a) Price breaks above triangle consolidation to begin short term uptrend toward 7150 Scenario b) Price holds triangle top, possibly setting up major decline
Following daily trend lower with confirmation from bearish candle closing below 1220 support Scenario A) play break lower to 1205 Scenario B) Price rebounds for second touch of 1220 before downside resumes to 1205
A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart Scenario B) Follow 4hr trend lower as price breaks below 73