We believe that price will land above the blue line at 4 PM EST
we believe price will be below the NY close of Friday at 4 pm EST
we believe price will land above the horizontal l ine at 4 PM EST
Price may trade below the horizantol line but our forecast is that price will land above 1.046034 at 4 PM expiry.
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas". Talk about an uptrend! But as we all know, this cant last too long. Evidence: The highs on Monday 5th and the highs on Wednesday...
On the 30. September or the 2. Oktober could be a possible collaps of the financial system. First to fall, I think, would be Deutsche Bank AG.
August 31, 2016 Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100 I would go long now until 4700. Some bad...
I don't like lines. I prefer zones. The logic between my idea is bulls are going to cut their profits. it means they will sell. and I want to sell w/ them. my entry is when RSI comes back to 70. If I lose it means there will be another oppurtunity on this pair soon.
Hey guys! Been so busy with stuff that I haven't got the chance to post! I found a really really strong H&S setup where the trend is about to break! This is what it looks like on the 4H chart: What influenced my decision: -Strong trend on 4H -Price failed to make a higher high -H&S pattern shows up Good luck guys! May the pips be with you!
This is one CEF that I have been following for a while. Technicals... BB are compressing and looks like set for a big move, likely higher. Coppock stick bullish, KST is not bad. Currently trading at a near 14% discount to NAV. www.cefconnect.com
if we see a close below weekly structure by the end of play then we could see some bearish momentum
3xMonth previous May 2015 hi 303.8 lo 214 swing hi 303.8 lo 214 March sales volume a little more the previous buy volume April sales volume passed the middle of previous sales May sales volume 3/4 less previous sales
I'm not going to make a call either way on this one but we should be able to clearly see the choice that is made within the next few days. The price has returned to that orange resistance trendline that forced it out of its purple channel late last year. On the RSI, we can see that the orange resistance trendline is potentially going to be broken. Failing that, a...
I've became interested in Elliott Waves lately and I tried many counts. Here is my try for a large time scaled EW and finding the end of 2014 bear market. Feel free to criticize it, even more welcomed if you got some experience in EW. A pretty obvious pattern is the corrective triangle, correcting the Dec. 2013 burst. In classical technical analysis I used to...
Two scenarios: start correction from end of the ABCD pattern or, if lower trend line downward channel hold, the descent to the level of 1.25 (fibo level) and from there upward correction.