Hello. Reached 5200. Ofcourse i can draw resistance like one the screen below, but i dont think that this could be predicted. Volume falling, divergence forming, good possibility to correct, my periodic theory says the same. However, chart should be drawn a bit more to finish this figures, 2h frame tells about this too . So according to channel it`s possible to...
Good day time! Simple doesnt mean bad, yep?:) I was partly right about trading near 4700. Check it in previous idea. I see the following outcomes: three lines from the existing chart displays possible movement from now. Considering the consolidation of 4700 i believe we will bounce to one of this prices with the next reasons: 1. 4900-4940 because this is the...
Nasdaq 100 Index: Now probing the main conrolling parallel that's been guiding this rally ever since Election day and likely to find it hard-going to penetrate. Caution required here with the possibility of shorts on any failure of nearest support at 5759.
Price on GBPMXN is at a possible band of horizontal support. But at least it is an important structure level. Price has also broken the 200 EMA on the weekly chart. However, it has recovered in the in recent months from such a level. Disclaimer: This is not a recommendation or encouragement to take a position, or invest any money. GBPMXN makes both...
I have not been able to find any conclusive data regarding whether or not this rally has been all time record for the Russell 2000 Index. Investor confidence has soared to all time highs via 3 week rally. Although I am glad to see this rise occur, I do not seem to understand the logical or fundamental justification for it. How much longer can the Stock Market...
Overall I dislike the sentiment in BTC. Still to many people bullish and willing to buy a dip. I was previously looking at the 580-600 area to buy. But I don't like the way price is reacting so far. I heard a lot of people saying; everybody is looking to buy 590, so we might not get there. Well if everybody buys 590, but price gets pushed lower aggressively,...
Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both...
Even though the australian dollar gained considerable strength against almost all currencies, fundamentally speaking, the RBA made a remark about the australian dollar to be preferred trading around 0.65 against the USD. Technically AUDJPY even though BoJ keeps dovish stances, is at an important confluence point. Trades taken at this point may carry a danger of...
Weekly: the down-trend is still rock solid. We are within the support area of 1840-1850. Some price volatility is to be expected here. Daily: the market covered a lot of territory yesterday (around 80 points), but ended with a big shadow in our support area, similar to previous attempts at testing these levels. Also worth mentioning that big volumes were...
The price rise since mid-September certainly looks bullish with an impulsive 5 wave structure. Volume rose and MACD, RSI & Stoch all trended upwards, even into overbought on a daily chart. I see potential for this to be a blow out from a large wave (B) expanding triangle considering it took a parabolic structure in a short amount of time. The big wicks on the...
Nobody talks about Tobacco, but has been one of the strongest Industry-Sectors of Market in a very Long Long time TREND in US equities history. Take it as a strong fundamental breath indicator!
The S&P500 has been bullish from it's 396mEMA since 1943 with both Volume (Buy to Sell Pressure) & Price Percentage Oscillators reaching their median LongTerm high's. I don't say that armagadon will right next to the corner, but this indicators as "Breath" yells a soon to come correction to this "Magik LongTerm Average" IMO. CASH IS KING!
Notes have been added in the chart. TLDR: Be cautious, wait for strong signals.