Idea Strong Res RSI oversold Divergence almost a BB% break short Double top Long term still rally
1 thing for sure both of em gonna be good moves... gut feeling for longs but on the break of support most def gonna ride this one out till 1.618 :)
They have tried to repair the already broken cable but despite this, after several attempts and years of trying fixing it we are now at the offcial beginning of a major downtrend of the once oh so royal currency.. NOTE Technical analysis is very dangerous to rely on, seen the politcal position of the US and the UK in the world alot of FUNDAMENTALS can have...
Fundies... Gap fills + BoJ + Fed Gaps 102 - 103 107 - 108 Fed Fold on Wednesday BoJ Thursday Brexit "Stay" On June 23rd Also...that wedge ;D
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck. A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down: 1) Bullish RSI Holding 60 Support 2) Established Uptrend - Long Term 3) Bounce off 150 EMA 4) Long $4.46...