The price is close to channel, high probability of reversal
Hello Traders, Looking at the chart we can see price has been in a well defined channel for the last 10 years. It has taken that long for the price to crawl back up to the previous 2007 top and I mean crawl. From an Elliot Wave perspective these are some unhealthy looking waves with deep retracements each time basically invalidating the EW principle. Either way,...
Price is approaching to August 2018 High - that is power level. The huge chance that price will bounce from it. I wait on fake broke of 6381 Potential profit could be in 5 - 10 times bigger that a risk
Completion of reporting season which followed after the financial sector royal commission. Will start to see profits taken from this months small rally before a second chance of accumulation will present to target the prior top
I will open buy near 5940 if there will be a pullback - Price broke up a powerful level - Daily candle close above it - The middle-term trend is bullish.
Long until Fisher bounce 50 EMA about to cross 100EMA - Long until cross. Most likely will double top at 4.41. Rules from daily still apply... except $6 looks unlikely for now. Highest volume week for a while approx 2 weeks ago.
The price broke down key level 6199 and D1 close under it. On the chart we see that the price bounced many times from that level and made a fake broke. It is powerful signal that big players are interested in that level. I look for a short near: 6189.9 S/L: 6218.5 T/P: 6044.7 C.C.L. — Candle created level C.A.P. — Candle Approved level F.B. — Fake broke P. -...
Hello, lets look at Australia 200. Critical Zone: 5640 ~70 There has not been much action for Australia 200 this year. With this type of condition, if we stick to the plan, we can all make consistent profits until the pattern ends. As Chinese economy stalls, we will expect to see Australian market stabilizes. As we can see on the chart, since February 2017,...