The situation with the DJI is now crazy! Some say the more times price approaches resistance the greater the chance of a breakout. Some say the opposite.
I've seen price fail to breakout after 9 hits on a support/resistance level (with other instruments). The DJI is now anybody's guess.
Dow has put in a lower low and reversed back into the range. It stalled at the monthly R1 pivot on Friday after a strong rally, but the next objective now is to make a higher high at the 27300 mark to complete both broadening formations and hit the MR2 pivot.
This chart shows the balance zone and bell curve that has been created in the volume profile since Jan 18. This week price fell to the 18 month Point of Control and was immediately bought up to the Value Area high, forming a bullish engulfing candle as it did so.
In terms of trading from here, any buying above this level is now buying out of value. Shorting at...
Hello my dear readers, here we would like to take a look at two different scenarios FTSE 100 Index Chart (UKX).
Let's start with the bearish scenario because this is the one that is in play right now... Feel free to hit like to show your support.
Looking at the chart above, we can notice a huge descending channel (bold brown dashed line) and we have two rising...
We are writing a quick update on the S&P 500 Index (SPX) by popular request...
The signals coming from this chart are all bearish, there isn't one single bullish signal, so the SPX can fall more and more and even temporary bounces are looking scarce.
There should be some support around the 2700 - 2740 range, but if this level breaks you can expect to move...
Hello my fellow Cryptocurrency lovers, let's take a look at Bitcoin now on the monthly time frame and also how the recent drop in the stock market can affect its price.
So please hit like now to show your support and allow me to entertain you for a few minutes...
Bitcoin Monthly Candles
Here we have Bitcoin on the monthly time frame and we want to keep it...
The previous analysis did not meet the current movement. I expected the fractal movement in the previous analysis, but the likelihood of this was reduced. Currently, the exchange rate has shifted to the creation of a dual falling wave movement. The target price is 23514 usd.
My previous analysis was not completed. Currently, there is a halved fractal in the exchange rate. This would not result in a declining movement in the case of a build-up, but on the contrary, a 6.7% move with 27295 target prices.
The target price is 24400. I assume that the exchange will start to build a second wave of a double falling wave system. The second wave starts along the "mirroring" of an H1ATR axis, along its back testing.
The chart shows either a wedge (broadening descending) or a parallel channel. It is important because the former more times than not is an indication of probable reversal northward. The latter (the channel) creates more probability for the south.
As many will know much of the volatility in the last few days has been related to the US-China trade talks and...
Well, well - I have to thank Mr Trump for breaking the news that he's gonna raise tariffs on China about an hour before the open of the markets last night. The DJI and loads of other markets took a dive. I'm short of course, and trailing a 2H ATR trendline. On open of the markets there was a gap down of about 430 points. Never before have I seen anything like this...
In this screencast I show two charts where crashes could happen. I focus on Wall Street which - affects markets globally including forex markets.
On the weekly time frame US Oil is beginning to struggle at a 61.8% Fib retracement.
Wall Street is possibly struggling at an important structure level. A whole lot depends on China. But dig deeper. See the CSI300...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
