Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
This weekly chart shows a clear rejection of the point of control (POC) at the top so now its going to drop to take out the stops below. Once it breaks, see if price holds below for a continuation lower. A lot of people will see this as a head and shoulder too. The US dollar is still in an up trend and last week was a clear rejection of the lows so this adds to...
Here is another strategy code for Jake Bernstein's Stochastic Pop and Drop.
Follow the link -
Unfortunately, I do not have any videos on how to use these, The Link for reference posted with the Script will give you enough information to trade.
Enjoy...
UCSgears
It seems like we are likely to form a pennant here.
Give it some time before it breaks out / down.
Keep an eye on volume for confirmation.
Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable.
Other annotations on the chart.
Cheerz : ]
I am already short on the Dax as the market looks increasingly bearish to me. Starting to edge below trend line support which will send the market lower. Going to enter short again on a break below 10540 and target the green support levels below.
Simple and Easy
After 3 pushes up, all the retail traders were all excited because i have a retail trader friend who wanted to buy. They also tricked the shorts into buying to cover at the top to provide liquidity for the big boys selling. I know this because the next bar was down instead of up, plus all the buying volume dried up before gapping down. I am expecting the...
USDJPY looking to finally have a decent pullback. I look for it to test support and break through heading down to make a nice size double top.
Whats even better is MACD just did a firm cross looking to head down back towards 0.
Nothing much have changed since I last wrote about it.
LTC is trading pretty close to the long term support line right now, along with a flash crash down to $2 -- 3 hours ago.
Any further downtrend will lead to the worst case scenario of $4.595 which is close to 23% downtrend from here.
As always, any spike in LTC price without being supported by any news is...
Following current trends I want to call a price somewhere around $118 going into as far as 2016. It really doesn't look like this company has any more room to grow and a fall in share price is coming.
I have a feeling IBM will gain a bit more, possibly testing resistance again up around $205 making a good area to get shorts in.
The resistance arcs are more for...
