Your comments are appreciated
I've created an analysis and I think the gold is falling to about 1177.10. Will be reached this tomorrow about 7:00am. Any idea about it?
DXY Falling wedge to break out and go up while Gold already broke support and is heading down for a pullback.
As I see it four possible levels with the use of moving averages, trend lines and fib levels. First level is at ~17900, next level is between 17558 and 17460, next level is at ~16468 and next level is ~15476. It possibly might go lower if September rate hike is announced. Good luck. In any case, with the current strong momentum after a coiling of the price, I...
everything of my strategy is indicated on the chart Happy trading everyone!
Double Falling Wedge Patterns tend to breakout topside more often than not.
The falling trendline in this triangle has been touched numerous times and it all got rejected. I will be looking to see if it happens one more time and I will be entering for a short position for a target of $161 or $140.
KODK is circling the drain. Their balance sheet and quarterly income is very unimpressive; they don't look like the books of a company on a rebound but rather a company winding down operations. Q4 2014 they had $260m~ assets over liabilities, that number is down to a scant $75m~. During the same period, cost of revenue is down about 17% vs revenue being...
Figure Head & Shoulders on USDCHF. Fall in prices is expected after CHF-news.
Daily Analysis 4TH January 2016 -Collapse of the Chinese stock market -Very strong tension between saudi arabia and iran -Decline in activity in the US -Rebound aborted Crude Oil All these factors explain today 4TH Jan candlestick with a long green body and a long descent wick. bears have dominated the end of the session. Today no major publication expected...
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...
just observations on oil - the following maybe reasons for a sudden and aggressive bounce on oil forthcoming 1. approaching multi year lows at 32.90, which previously sparked a 'decent' response 2. bullish divergence on RSI 3. trading in falling wedge pattern, often a reason for volatile breakout to the upside (4. haven't checked, but there maybe fib ratio...
If there was a "Falling Four Methods", this would be it but I'm pretty sure it still fits into the Falling Three Methods category. This pattern acts as a Bearish continuation 71% of the time. If you glance at the hourly chart, you'll see that momentum favors a bearish continuation as well. thepatternsite.com
71% bearish continuation. You can also see a double top on the hourly chart and it crossed below the valley. thepatternsite.com
The EURCAD has two times during this downtrend had trouble with the support at the purple box but has recently broken through it and is now coming back up. We look to short it when it comes back into the 1.4365s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs (indicated by grey triangles). We are also...
Bull Wolfe wave (falling wedge) near SR level