USOIL bears couldn't hold below key support level around previous high of $66.66. Failure test is pretty much evident at this point but there's still a shimmering light of hope for bears. Oil bulls have already taken back 61.8% of the correction range, if supply fails to turn the tides around here, bears' stop buy orders will add on to the upward extension and the...
How many lines does one need to describe the markets? Well, if you know about the universal law of Action & Reaction, there's not much to draw. Keep it simple, but know what you draw and what to expect from. P! ...don't miss the ForkTrading BLUEPRINT on my website...learn to earn.
There we have the bump. Now price will blow off to the downside to visit the white A/R line probably. Here's the link to the original A/R Post where I started it a while ago.
EURUSD MAY REVERSE TO BULLISH AFTER ENTERING 150% BULLISH TRAP ZONE.
Next level target is 0.88595 to reach by 7.5.2017 and then next target will be 0.89213. Reversal confirmation will be after entering bearish trap at lower Fibo level 1.75. Watch out all pin bars & hammers appears along nearest support and resistance level.
BEARISH Continuation Pattern Down until resistance level 129.382. Then back to support level 130.037 and drop again to next resistance level 128.936.
Possible trend reversal pattern may happen if USDCAD fall below 1.29172 support level as well the 175% Fibo level and fail to retest 1.29172. Gold is currently on reversal to bullish. BEARISH TRAP IS BELOW 175%.
So Forkers - here's your Bond Trade I've mentioned in the free ForkTrading Group Weekly Outlook. Next Station, WL4. P!
According to the A/R set, FB will rise. A good target could be the GAP-Fill at the Center.
Price bumped it's head at horizontal center. From here we will see price heading towards the L-MLH... It's a far ride down. P!
Yes, I currently have positions on in this market and yes, they perform very well. If you are interested in learning how to analyze markets instead of predicting markets (...which is NOT possible), then you are welcome to get my free ForkTrading BLUEPRINT Video Course. Read the footer of this post! P!
UJ just brek the support at 105.443, and it has tested the new resistance, now you have to look for selling opportunity, next stop is at 100.250
Here are a lot of lines cooking. According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork. In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline. A break of this dashed orange CL' would...
Hey guys, this is my drawing for Bitcoin. Since I am not really an expert in crypto, my analysis is purely based on using technical without really reading or analyzing fundamental about BTCUSD. I think this area is kind of 50-50 for trading, so if you already bought BTCUSD at 6k, take 70 - 80% of your profit out of the trade. Just leave 15-20% with stoploss at...
If you followed my blog, then you know this chart. It's about Action/Reaction. What does it tell us now? Well, it's telling us, that price missed to crawl above the pink one, instead cracking the magenta reaction once more. This is a weekly chart. So the week is not over yet, but guess where price is likely to go? ...expect the white R-Line! P!
Price has com up to hit the back of a sliding parallel, and is showing a bit of weakness. I think that we will see more overall consolidation here at the 2791 area as price is losing momentum.
Price has dropped down as predicted, and now we are at a possible resitance point to the downside. Look to see if price will break down from here. We could see a possible ABCD correction to the downside here with an eventual target near 2425. Look to see what develops in the next few days.
Price had formed an action reaction set to the downside as marked, and now we are following the pitchfork to the upside. If price breaks out of this fork to the downside, look for continued downside pressure afterwards.