Plenty of support showing up on the daily after a Bullish Bat completion. Targets one and two on the chart for that pattern. If the Bat fails (0.886 retracement of XA), then there's also a Bullish Alternative Bat (1.13 retracement of XA) and Bullish Crab (1.618 retracement of XA) in the making. All of this is made possible by the close to 0.382 retracement of B...
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EURPLN next sell-off coming - S&P cuts rating on Poland's
EURUSD Non-Farm Payrolls 2015.11.06 ? big move coming?
Price direction on a Quarter chart is down, as new lower low and lower high appeared (Price direction is not the same as a trend direction) Last Quarter's close is below 5MA what gives a bit more power to bearish signals We have a bullish chart pattern (Quarter) Divergence on a Quarter chart with a current oscillator confirms the reversal pattern, what gives...
Look Out, There's a Monster Coming... II
Look Out, There's a Monster Coming...
Gartley drawn in a best outcome scenario. 618 C was held so that makes me think we will have a reversal. PRZ is not that narrow and since its a Gartley pattern we shall be looking for the AB=CD to complete. Stop losses a few pips after the X, TG1 and TG2 are on fib levels and in the best case scenario we will have a trade with around 4:1 RR. Just stare at the...
The stars are aligning for a pretty serious pullback in the US Equities Market. The chart uses my two favorite indicators; RSI and MACD. I've gone through and marked historical correlations on the chart for prior crashes for both indicators. RSI going above 70; signals overvalued RSI going below 30; signals underbought MACD Converging (Red) MACD Diverging...
gold still in a bearish trend and soon he will finish wave 5 and than we can see a bullish reaction. Last week we just broke the triangle (wave 4) and we are now going lower with target around 1,083 (0.50% fib of the record low and record high). Also watch the trend line (blue line) which is working very strong as support. Also keep in mind that this is a long...