This is how I see it. One top of broadening top pattern already made, second in progress. + fundamental stuff that puts DXY lower.
Currency wars. Everyone is printing money: Japan, Europe, USA. Every superpower is trying to weaken their own currency. Why? Because of export. Your product is cheaper if your home currency is weaker. In these situation no wonder if the EurUsd is topped in a broadening top fashion. As the two trendlines diverge from the apex, the pattern resembles a reverse...
FTSE 100 Index on the weekly chart has formed a bearish engulfing candlestick pattern at the top end of broadening triangle. The mentioned pattern requires confirmation in form of a lower weekly close. The immediate downside support is at 7120 level. A breach of this level will lead to a failed breakout in the index and it may head lower towards 6700 - 6600 level....
Here is a very nice formation on FX:AUDCAD . The structure looks like this: After a quick rally up price decided to go sideways and during this process it made a broadening top pattern. Currently we have 5th touch on the trendline structure and it is a good opportunity to go short. T1 is our target, but T2 could be reached as well if the price breaks the...
Breakout already started upwards but throwback occurred. Watch for the next pullback and then buy, as it would then return to the same upwards trend but with stronger momentum if that occurs.
the INDEX:DAX was is running out gasoline, and seems to have formed one of the following patterns: cypher ascending triangle broadening wedge or all three. =) indicators: The CCI has already shown its downtrend forming a divergence from October 28 THE "RSI" from November 3 MACD from the 9th It seems that they will be good pips. ideas, corrections,...
Parital rise confirmed on Friday so now this stock is heading down. Target price is 60.65 but watch for pullback. thepatternsite.com
It seemed to break the bottom trend line oddly after having the good earnings surprise. Friday showed a reversal and now it is heading back up. thepatternsite.com thepatternsite.com
Ride the swing to the bottom trendline but watch for pullback. thepatternsite.com
The partial rise appeared and confirmed on Friday. This stock will now drop to the bottom target price.
After the last bounce off the bottom trend line in this Broadening Top pattern, a partial rise appeared. Friday confirmed the partial rise and it's heading down from here. The target price of 47.65 isn't too far away for much of a profit from shorting it but the partial rise is a great indication of the downward trend to get there. thepatternsite.com thepatternsite.com
In addition to the other 2 patterns that were previously recognized (Horn Bottoms & Good Earnings Surprise), there now appears to be a Broadening Top pattern appearing. There may be a short drop over the next few days but then we should see a return to the $33 target mark. thepatternsite.com thepatternsite.com
ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. thepatternsite.com thepatternsite.com
Started rebound down off top trend line. Overbought. thepatternsite.com thepatternsite.com
Positive or negative year for the DAX? The last trading days of 2014 will decide whether the DAX profit will make this year. In mid-December the DAX stood in the same zone of January 1st. Last week there was an uptrend that brought the DAX back to 9900 zone. DAX 2014 could be described as a Broadening Top or megaphone. DAX created higer highs and lower lows. Once...
As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly...