Please see annotated chart for details.
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these levels. On the daily chart, the pair is contained...
Possible FX:CHFJPY Price Completed up ABCD on Monthly Now at 1.272 extension of Down AB Swing/ and .50 Retracement of UP AB Swing We may see reversal from 108.48 StochRSI Over Sold for long time Price Falling Since Jan 2015. IS IT TIME FOR A REVERSAL???
BUY FX:AUDCAD Price Broke Down Trend Line Went up from Back Side of Trend Line Price is reversing, above up trend line Price Retraced from 50% Retracement of UP AB SWING
Pushing downward, price has retraced suitably into a location of resistance on the chart, a static level of ~0.7080 and the 8 ema closing as a high test bar/bearish pin bar. Price has rejected both the 38.2% and 50% Fibonacci retracement levels. entry - below low of high test bar stop loss - above high of high test bar target - previous support level near 127.2%...
Cycling downward in a down trend GBP/USD has pulled back into a previous support area, now resistance (at ~1.5250), after breaking below hence retesting old support, and the 20 ema as well as the ascending trend line that it violated in its recent impulsive downward phase. Price found resistance at the 50% retracement too which is in near proximity to...
Nice pin bar from key resistance area which was previous support. Downtrend and 50% retracement of last down swing. Also note that the pin bar formed as a reaction to the daily supply zone 1.09368 - 1.09842. Retracement entry TP 2R B.E: at 90% of TP
With a low test close testing a support area and the ascending trend line , and rejecting the 0.382 Fibonacci level as well as the 50% retracement line , this a long continuation trade with a preliminary target at the next resistance level. Entry above high of low test bar and stop loss below low of low test bar.
Short set up/entry reasoned from: - high test bar close - resistance at ~2.1470 - trend line resistance (4th test) - rejection around 50 ema - 50% retracement and close below - oscillator bearish hidden divergence entry - below low of high test bar stop loss - above high of high test bar target - at previous low or lower (after break of and close below previous low)
Following oscillator divergence between the August and September highs price has had a deeper pull back into a suitable buy zone where bullish momentum is likely to kick off of. The buy zone is a region on the chart where price could find support in the 1.2780 area, at the bottom of a rising trend line and on 50% retracement line. Bullish signs in this buy zone...
Wholefoods has been declining for quite some time now, and with the activity that produced these falling prices, I have not seen enough as of late to foresee a major rally. I'd bet these prices slide or form some congestion over the next week or two. A simple Bear Call Spread should suffice. WFM IVR 100%
We have a bearish advanced Gartley pattern which happens to complete at the 50% retracement level from the previous highs (9/9) and also it completes where the current down channel crosses too.
0.7225 stands out clearly as a level on the EUR/GBP daily chart where price, it seems, is reacting in a bullish manner today. By day's end, should price close above this level, continuing bullish momentum could ensue. Evidently, this horizontal level, 50 ema and 50% retracement are acting as coalescent support. On the contrary, a close below 0.7225 may have price...
Corrections across all indices has presented many lucrative opportunities. Google had a healthy correction in mid-August that brought it's price to the notable 50 - 61.8 % pullback zone, solidifying a short-term bottom for the time being. Coupled with the fact that volatility ranks are in their upper echelon levels, selling options is ideal. If we experience...