Liking the way GEO is holding on this pullback and wondering if it has more potential leg here. During summer's flight to quality stocks, GEO squeezed when investors sought REIT names in the IYR space. If deflation takes hold, I believe it could happen again. We'll see.
eurnzd was in this triangle formation for quite sometime now. Going into the 4hr I see bearish correctional moves appearing with large pip movement so I went even lower and found another correctional move and another sub correctional move inside that (pink is 15min chart). Waiting for price to break out of correctional move and follow through.
eurnzd was in this consolidation period for a while now but there was some big moves on 4hr chart that I took notice of. Price rejected daily trendline and made a bear flag which worked and than price made another correctional move followed by a rising wedge which gives me 2 confirmations that markets are going go lower.
daily chart shows audjpy has bounced off weekly trendline, price than made an ascending triangle but failed to break to the upside and did the opposite. Price was selling off instead, made a correctional move after impulse kicked in and broke through minor support which has now become minor resistance. Waiting on price to retest resistance for confirmation that...
Fibonacci is drawn from minor wave 5 to minute wave ((i)) On the 4 hour chart we have minor, minute and minuette waves with additional correctional waves. Right now the price is moving in the minor correctional waves, after ending wave 5 at the last low at level 1.15193 Inside the correctional waves we have minute waves and minuette waves. in the uptrend we...
Looking over the AUDCAD the daily has broken through a trend line resistance. The 4 hour shows a classic 5 wave structure. It would be reasonable to expect a break at the top of this wave 5 as I see it into a corrective pattern. On a shorter time frame I will be looking for long setups until this wave 5 trend line has broken through. This is for my trade...