Entry at 14.407, Point D Stops at 13.304, a few pips below the X point (not much structure below the X Point so hard to find a suitable stop. Though this can be adjusted through the ATR (i.e.: X Point - ATR Value) at the time of Entry) Targets at 15.700, below 38.2 of AD and minor support/resistance
3 day ATR% finally broke out yesterday. Historically this has been a long term trend defining moment in the chart. So far, all is looking like an uptrend is coming.
Fireeye Inc is eyeing the February $46.44 high earlier this year for a breakout. This would be a 52 week high as well. Chart on left is the weekly, while the chart on the right is the daily. I can wait for a daily close above this level or a pull back from this $45.07 close on Friday. The MACD on the daily chart is trying to move higher. For Fib extensions you...
After the bullish engulfing candlestick pattern in Golds market, the price continues to surge higher despite the fact that theoscillators are showing overbought conditions. The long term trend is still down as the price remains below the 200 period golden moving average. The volatility in this market continue to increases as we can see through the Average True...
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom. This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility Be Careful Of Using w/ Market Tops. Not As Reliable. ***Ability to Control ATR Period and set...
Coming off an impressive long from last weeks bullish bat pattern, the pair has now come back to retest previous structure highs. Although i wouldn't consider this to be the optimal structure level, the risk reward that is available on this trade makes it worth the take. A single ATR stop above the highs provides me with a less than 20pip risk (if i'm wrong, I...
The MTAutofib indicator is picking up the highs of 2006 and the lows of 2012 on the GBPNZD - current market structure was can see a sideways channel or volatility zone the lower which was set in 2012 and 2013 and is still in play 2014. The most notable effects of time must be the range of this volatility zone and the range contraction of all FX markets from this...
Price appears to be correcting in a wave iv. Heavy fib resistance zone between .92566-.92910. Wave ii correction was relatively deep. so I expect this one to be more shallow with lots of consolidation. Probably will false breakout of the upper channel formed by projecting trend line from wave i to wave iii from wave ii. Wait for price to enter reversal zone and...
There are a great many oscillators that seem to be either entering or in OVERSOLD mode now. UO has not been giving any divergences but we can still look at its OB/OS signals it gives. What I initially noticed when firing up this chart was that I swear it was a Deja vu (god TV when can I post the correct way to write Deja vu?) that I swear the way the market had...
Overall most of the indicators point to the fact that we are not breaking the trend. There is SOME volume, but not volume the way we saw in the bubble. If anything it's volume that supports price stability around this range, however I think selling could be imminent. The same pattern of volatility has taken place all the way down the trend line in respect to the...