GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), LLOYDS BANKING GROUP PLC ORD 10P, SBERBANK OF RUSSIA ADR (EACH REPR 4 ORD SHS), UK OIL & GAS PLC ORD 0.01P, GREATLAND GOLD PLC ORD 0.1P, OILEX LD ORD NPV
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
A wedge forming. Looks bearish to me for this afternoon's trading
The week before last gave us a shooting star/doji. The following week resulted in a pull-back that has everyone scared.
For now, we held lower parallel support. However, I'm leaning on the prospect of more downside for now.
The markets are telling us something: there is clear concern over the mid-term elections. If Democrats win, I'm sure that would pour water ...
In my last commentary I noted that the Euro could bounce. The Dollar has just broken significant support as I write. I have short EURUSD positions remaining, but I'm strongly hedged with a DXY short.
I'm also long Gold and Silver, as a counter-trend short Dollar play.
I also noted that political confusion concerning Trump could make the US markets 'choppy' - ...
The Dow rallied impressively last week. While the preceding fortnight was consolidation, last week's candle is undeniably bullish. New highs are imminent.
However, I still feel some caution is necessary, and that we are in a consolidation phase that is not yet complete. Many forex and commodity markets have begun to make counter-trend moves - with the Euro, AUD, ...
In my previous post, I was short the DJIA, with the expectation of adding at down trending resistance. I did add, but was quickly stopped out.
Now price has broken ABOVE the resistance line, and I'm forced into a neutral position. This means I have no conviction either way, and any trades I take will be 1/3 of my full size.
I do not want to be one of these ...
We are at predictable resistance in DJIA. Last Thursday saw the break of a rising wedge, but Friday offered little follow-through. We are now falling moderately in early Sunday trading (at the time of writing).
I was aiming for a test of trendline resistance within the purple box. We can still test this area; either way, I'm betting on a wholesale decline in ...
Looking to long this for new highs on weekly chart
Key Day support level of 24250 held, price currently heading towards a key Day resistance level of 25450. Looking for price to climb to level and fail before looking for short opportunity.
As can be seen on the four hour ( 50% fib level) the dow jones has successfully broken the 24.500 fibonacci level a sustained break below will bring on a price test at 24.157 ( 50% fib level ), in my opinion signifying a rejection of the price and a hard bullish spike starting off the new bullish trend.
I'm new to trading waves and any feedback is appreciated.
I see DJI nearing the end of the 3rd wave and am expecting a correction similar to that of wave 2.
The fourth wave will be one of the three corrective pattern types and could become more complex, I just added the bar forecast as a general estimation.
I expect it to form the fourth sub wave from the 1.618 ...
Wait to see clearly breakout then will go in
Push up to 400 bucks off recent dip
PRICE TARGET 390-400
My short-term bias is still bearish. I feel price will fall to at the least close the gap. I'm not confident this is a solid break of this short-term resistance as price has failed to take this level with any real conviction. Price is currently stalling at the 61.8 fib which I mapped out on the 1hr chart for this current retracement.
In my last dow update, I was excited because price broke out of an upward wedge - a powerful trend continuation signal.
We quickly lost momentum and fell back down into the wedge and lower. This is NOT a good sign. Bullish formations denied become bearish.
The market is scared of the action-packed week's data - specifically the FOMC decision tomorrow. ...
The dow has been trading well within a rising wedge. Rising wedges in bull trends can be very good, or very bad. When price breaks up from a rising wedge, it can be very powerful.
DJI gave 3 entries in January. You had to be quick, but you are being generously rewarded.
The first was at the start of the year - easy breakout. The second was a small ...
It is a cryptocurrency? No, its a weekly chart of the Dow Jones. Parabolas do happen in other markets too.
Yet, I come into 2018 with a sense of caution. I'm flat, so I can either buy, sell or do nothing. The thought of buying the Dow when it is so far from the 200 MA is gambling. To sell here would also be gambling. It may fall, or it may just keep going. So, ...
US30 broke out long trendline weekly, abnormal movement, so its to expect that we will retrace soon.
First Elliot wave target is more than possible.
Trying to find the top... or at least 'a' top
Looking for short setups - Not sure we're there yet but will be watching as we approach this wedge.