I find this long term chart of the Nasdaq Index with Fibonacci extension levels applied, to be quite illuminating. For me it puts things into a helpful perspective. By no means am I a "perma-bear" but I find this chart helps me to be honest with myself. Especially if I'm wanting to put money to work in this environment. Prices have extended well beyond previous...
Looking like we could be forming a sell setup here - i would be looking to see if price can pull back to the Resistance zone and from there see if we get the sells
Quick update on the BTCUSD market for the short term. Some analysts will have you guys waiting till you are old and grey at unrealistic SHORT TERM targets. We can see a lot more positive fundamental news coming out this weekend and the chart is reflecting that confidence. We can see that there is a nice channel building and the RSI is ticking higher...
Good evening everyone From what I see if this top area holds , sellers will be in play as we have been creeping down slowly with higher lows and lower highs. My analysis is if the market breaks to make new lower lows then I will expect the market to at least hit my first tp and if the market breaks down further the other tps maybe hit in the process. your...
Trend goes on and a downsloping flag is on the way. 0.236 Fib level give us a nice support. Good luck bros! best wishes, Jonathan Marin
Typical breakout and retracement play for EURUSD. I'm looking for a short entry at the 1.121 levels after a clear retracement to head lower
Nice counter trend trading opportunity here. Why? 1. We have fibonacci confluence from a previous high @ 618 2. RSI is overbought 3. ABCD completes close by 4. We are at a strong trend line support 5. We also have a diagonal trend line resistance (not currently drawn on) which would support the shorting bias. Depending on your strategy you might require...
I am selling this stop with a stop above the 1.4800 level Looks to be a wedge peaking out at a resistance zone with some MACD divergence The MACD seems to indicate that there was not as much strength in this recent up swing and perhaps bulls are losing momentum. Could form a double top and perhaps a cup and handle price pattern. If we reverse here this could be...
Breakout out of critical level followed up by a retest of that level and 61.8% fib level. Stuck in a ranging market since the beginning of the month, just awaiting a breakout to the downside confirmed by the careful use of MA's. Looking for a downtrend towards target 1 at 1.03602 (monthly critical). Price action at this level will confirm my further...
I expect lower EUR/USD due to hike rate from FED by 25bps and generaly weak fundamental view on EUR together with QE program active. Technicly i saw potential Wyckoff distribution and broken triangle. Be very careful when buying EUR/USD and watch for potential selling opportunities. Intraday TP at 1.0800. Major short term TP is around 1.0570. Best Regards, Petar