EL has been cropping up on my lists quite a lot recently - overall it is an upwardly trending stock and has been since 2009/2010. However, the trend is not at all easy to trade - even for a longer-term trend trader. There have been many periods of extended consolidation - the duration (rather than the depth ) has been the main sticking point. In the last few...
This pair has been consolidating since late last week between 0.7225 and 0.7165. Breakout traders can lookout for a potential breakout trade. I would love to hear your opinion, feel free to comment, agree or disagree....
Taking 10% on this broken consolidation and retest of resistance. Take this to the fib 127% extension.
Price is currently ranging in a box. Lookout for a break above 178.20 or below 176.70 for potential setups. I would love to hear your opinion, feel free to comment, agree or disagree. ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Always wanted...
Price has been consolidating for the past week. Breakout traders can keep an eye on the 1.4980 level for a breakout to the upside; and the 1.4770 level for the breakout to the downside. I would love to hear your opinion, feel free to comment, agree or disagree....
Similar to CADCHF, price is currently consolidating. A break above the 1.3745 level could potentially see price testing the 1.4050 region. Alternatively, a break below the lower trend line would see a continuation of the down trend. I would love to hear your opinion, feel free to comment, agree or disagree....
EUR/GBP is seen to be trending below the 50 ema in an aggressive fashion. A potential entry to join the downtrend on the 1 hour chart lies between the levels ~0.7000 and ~0.7080 which nearly coincide with the declining 50 and 20 emas respectively. A formation of a high test bar/reversal pin bar/shooting star will be a sign of a short set up at...
Last week, price didn't manage to break below the 1.2380 level and at the same time it didn't manage to break new high. As such price continued to consolidate in a triangle pattern. A break below the 1.2380 level would send the pair likely towards the 1.2045 level. However, as long as this level holds and price breaks above the triangle, the uptrend will...
JWN is in a solid uptrend with the MA's lining up parallel since quite a while. Since breaking out of its last consolidation, it rallied up about 13%, before consolidation again for just short of 3 months. It broke out on a very bullish day with huge volume and has retested the prior resistance. It's now forming what seems to be a bull flag, with a nice volume...
It's hard to tell what's going on right now, but one thing this chart tells me is that we are still in consolidation. One thing that I think might be a good indicator is the triangle we are currently in. As you can see, there is a lot of support below us and the current trend is still apparently bullish, so the market apears to favor a bullish outcome at this...
S&P in another tight consolidation pretty much identical to the one highlighted below current price. The last one broke out to the upside and we got a nice retrace and bounce to where we are now. I remain neutral at this point until the breakout. The devil is in the details right. The lower zone gave us a good down day followed by two up days then another down...
The enterprise software company's Q2 earnings met analyst estimates, and ServiceNow raised its revenue forecast. But ServiceNow stock was down. Technically we had wide wedge that gave good buying opportunities with reversal candles (check my long ideas in the links below). But fow now, stock resolved its indecision pattern to downside on increasing volume....
Gold seems to be a haven asset for investors in terms of tensed siituations all around the world. Iraq is a key oil market player and there also is a difficult situation. Rebel activity in the North of the country has forced the U.S. to send to Iraq 300 military advisers. From the point of view of technical analysis there was a lot of tips and trading signals....