Great last week for Dow trading, trend line and DT neckline broken well and now retested, price closed right on the trend line and neckline. Second top bounced right from the 70 level with large RSI divergence. From this point, this still looks bearish and we could see further sell off, unless investors get some encouragement in 2019. There are good additional...
Looking at gold price at the end of 2018, back above the broken yellow uptrend line, approaching the 61.8% area (1287/1300 resistance). RSI now in overbought zone, potentially could short the bounce of resistance, while still holding the long trades. Price back above 50, 100 and 200 SMA. RSI still good, everything looks bullish at the moment. New Year approaching...
PRICE HAS BROKEN THE 111.791 AND WE GOING BACK FOR A RETEST OF THAT LEVEL .. THEN WE GO SHORT ON THAT TRADE...
Double top with great RSI divergence, triggered through 100SMA and neckline, MPO shows target at 86, also 50% fib and where the 3rd touch on the uptrend line could happen. Currently closed Friday at 38.2%. Still holding short, potential long when 50% fib is hit. 200SMA is coming up to it as well. Technically one of the best stock charts I have seen, as it is also...
Sell off from all time highs through the uptrend line, still waiting for a price to go lower to 61.8% fib, which is also previous support buy zone for a long and 100SMA for a better setup.
Overall ongoing Brexit conundrum made a retest of 78.6% fib (blue line) and bounced, but failed to make new highs and continues to sell and bounce from the current sell zone 1.27. Friday closed above 1.26 level, RSI below 50, still looks bearish and expected to go retest 1.25 next week. Could add another short on the break of 1.26.
Short trade on the broken trend line found support at 38.2% fib and 200SMA. RSI hit 30 oversold area, looking for a bounce here to retest broken levels before potential continuation.
Weekly H&S pattern still has room to go to MPO 195, currently closed at 100SMA. Still room to go lower, though level 200 is a strong support as a round psychological number. So still short on this.
Many major investors believe that next year will be the 'year of stocks'. After recent major sell offs, many big companies lost at least 10% of stock value in December alone. So now is a great time to look for potential bottoms for long term positions at the start of the 2019. This is a luxury brand of Bang & Olufsen, approaching the massive trend line and support...
Worst December since 1931, now price at a critical trend line and level 6000. 'Santa rally' did not happen as major tech stocks sold off since the double top and fear in the market continues. Currently additional short positions possible on the retest of the broken channel before continuation and level 6000.
Weekly H&S pattern still working, now at critical 61.8%, could retest the broken neckline. Still room to go to MPO. 4 hour chart shows downtrend line and resistance sell zone, wait for a break for a long. Adding a short on the break of the fib 61.8% level.
Pair topping out, forming H&S pattern, RSI divergence present, MPO at 1.5621.
From the chart, we could see that BTCUSD had failed several times to break the 3800 price level. An ascending triangle is shown in the chart. This is not a financial/trading advice. Goodluck! cryptovan168
If BTCUSD does not hold this level, we would see a fall to the 3500. if BTCUSD DOES hold this level, we could expect it to move within the wedge and wait for a breakout on 8th or 15th of December.
TRADING STRATEGIC BINANCE:DCRBTC Chart Analysis: -Chart Time frame: 1D -Time Frame: 3D I have been observing this coin over days, slowly but surely has been growing upward momentum, forming a ascending triangle. It also has formed several upper long wicks which can be interpreted as strong rejection or buying power vs small liquidity, meaning players are...
Great sell off today, price going to the 25000 level, this is a great opportunity to trade a potential bounce of the level and buy zone or look for reversal patterns on smaller time frames. This could be the pullback from the sell off.
The 2018 end of year close of $3,279.50 was based on 23.6% fib retracement using 2012 beginning of year candle close as low, to 2017 end of year close as high. This is not a firm prediction of actual 2018 close, but used as possible low if PA continues downward. This chart was simply to illustrate an assumed investment potential using the 6 year average price...