To put things in perspective, the Daily chart is showing a descending triangle formation. If volume comes into play as expected, prices should rally towards the trendline around 131.00. That would essentially put the bearish Shark pattern in play. Back in Mid-March, Gold sold off heavily around 133.00/133.50, leaving me all the more confident a retest will, at...
Coordinates are accounted for and displayed on chart. I've been correct on predicting we'd turn at point B and C but it wasn't worth noting as I didn't see those as opportunities to trade. I also use Tick Volume on Metatrader to help further my cases and will watch for an increase as we approach the PRZ.
USD/JPY has been in a range since the start of the year (2014) which has admittedly been getting tighter in recent months. The target profits coincide with key fib retracements. I am looking to keep this trade open for a good couple of months so People may consider this risky at the moment with the news surrounding Portugals banks which will drive demand for the...
I believe the S&P will continue to trudge higher until we begin to see great sell pressure at highs leading to the long awaited correction. This Gartley, along with RSI/MACD divergence and high VOL at the lows, presented a nice opportunity to buy relatively low in hopes of another push towards the highs.
Daily double top/reversal candle forming, 60 min subdivides into anticipated C wave.. obviously want to wait until momentum shift for confirmation
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...
1. moving averages are 20,50,100,200 and the 200 period MA is above all, 100, is above all except 200. 50 period MA is higher than 20 period Moving Average. Along with Lower Lows and Lower Highs in a downtrend this says the pair -EUR/CHF has been in a down trend. 2. Stochastics are oversold and losing momentum. IF you like my stuff please follow, like, share it,...
I predict the price will fall within the next few days down to the yellow target area (620-610) After a lot of buy pressure and a run from 560 to 660, this market looks like it is temporarily out of steam. Double top on the 660 which is a previous place resistance. MACD is still falling. RSI and Willy 21/13 MA is also falling. Additional with the 3-day weekend...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Pair formed its bottom around 1.35200 and broke up resistance at 1.35800. Above that traders accepted new prices and after break up of tight consolidation it accelerated to upside and topped at 1.36400. After such a big nove in short time it took some time to absorb this price action and it have built series of higher highs and lower lows - indecision pattern...
Bull flag from the recent run up... Let's see... Long on the physical stuff, charting the forex.
Tuesday brought news concerning VRX's plan to takeover AGN which saw a noteworthy spike in volume and price today. Prices faded into Monday's trading range creating an Inverted Hammer near major support. With the price action movement, we saw the mac-d histogram make its first higher low over this last leg down along with a bullish cross coming from the...
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...
Price action close on Friday should lead to prices retesting the 13.50s. We have a solid support level along with some bullish momentum divergence. We also saw volume increase as prices faded back to the opening prices of 5-21. Institutions holding this stock would not want to see it break back below 11.00 from here, but you should give yourself room below this...
Bounce off support yesterday brings a safe entry opportunity for Ebay at a good support level. Any institutions which are long this stock should be buying up more at these levels; otherwise, capitulation will ensue. I would look for at least a retest of 52.00. We have some bullish momentum divergence on the histogram and stochastic, and with the markets taking a...
With earnings right around the corner in July, SWKS has continued its' impressive run up. I have been following the stock closely since May when I entered at 43 with August calls. After hitting my first target of $48 and seeing my options more then double, I have taken half off and am allowing the rest to ride into earnings. SWKS continues to flex its' muscle and...
With SWKS running from 40 to 47 in less than a month, it is finally taking a breather. Price is currently consolidating just under the 47 mark. If SWKS can close above $47, it will trigger a buy signal for the next run up to $50.