Notice the DAX's chart During the last two months, not only that it has recovered the majority of its losses, but its price also climbed back up above a weekly trend line. Basically, this is a potential false break (monthly) If this trend line will now HOLD as support again... there's a chance that we will see new record highs for the DAX before the end of...
USDSEK (4 hour) we have a false break with bearish divergence , if we get weak pullbacks I expect more downside.
H4 - As long as 125.70 holds (false breaks are acceptable) we can be looking for sell setups. The hidden divergence started turning into continuing divergence – bottom line is, there is bearish pressure. Testing the 125.40 level would be ideal. H1 - We can see bearish divergence already forming and the price is inside the resistance zone.
The bulls are losing steam after the breakout of the parallel channel
D1 - Double wave up, price reached 61.8 fibo zone and is moving lower. We also got false break of downtrend line. H4 - Bearish convergence, we may now look for pullbacks and sells with more bearish evidences. Invalidation: If the price moves higher and break above the last high (marked in yellow line) with momentum then this sell setup will be invalidated.
We just saw the false breakout of $71 price level. Now we're drawing right shoulder and there is a huge chance to see the big short movement here. Good risk/reward ratio. 1) Clear false break of the price level 2)Global trend: SHORT 3)H&S pattern 4)FIBO 61.8 from previous monthly downside movent 5) Price reached all the fibo goals from the local uptrend 6)Good...
H4 - We have a critical zone that has formed based on the top of the channel and a strong resistance zone. We may now expect one more push higher from the current zone towards this critical zone. We may then start looking for sells with bearish evidences. We already have two false breaks with bearish divergence so alternatively if the price moves lower from the...
XRPBTC has never been so oversold ! This is a false break down ! I bet XRP will snap back with vengeance and eventually take the lead in the cryptocurrency market ! I could be wrong but this may be the moment to catch some falling knives !!
Main balance range: 0.8471-0.9725 Mini balance range: 0.8471-0.8750 Priority H1: bull Level H1 for change the priority from bull to bear: 0.8050 If this level will be break down BCD will fall to 0.7065 Enter points: 1. 0.8750-0.8800 area after true bull breakout mini balance 2. 0.8050-0.8248 after false breakdown Targets: 1. 0.9120 2. 0.9720 3. 1.2220 Stop...
Pay close attention to XLF today (FOMC) - Although it is currently testing support there's an option for a false break signal here. If XLF won't close in green today after Powell's message, this can be a trigger for another short term wave (and potentially even a strong one) in U.S stock markets.
H4 - False break with bullish divergence followed by higher highs, thus forming a bullish convergence. We also have bearish hidden divergence. H1 - Price reached the critical zone, bearish divergence. We may now look for pullbacks and then possible buys with bullish evidences. Invalidation – This buy setup is valid until the low shown in the H4 chart (marked...
H4 - Price broke below the uptrend line, false break with bearish divergence. If the price moves lower and breaks below the level at 110.50, we may then start looking for sells with more bearish evidences.
In a daily chart gold has made a false break so it Will continue heading down possibly breaking the trend and falling more RSI shows divergence
Last week AUDJPY spiked 600 pips (low volume - holidays market) The Bears tried to trigger a weekly H&S pattern by closing below the neckline - They failed. It looks like we can see a short term pullback in AUDJPY... but pay close attention to that weekly H&S pattern as the year progresses. Happy 2019!
D1 - Price is currently moving higher from the bottom of the channel. H4 - Two false breaks, bullish divergence and higher highs. We may now look for pullbacks to happen towards the critical zone. Once the pullback completes itself, we may then start looking for buys with more bullish evidences.
H4 - After the false convergence, price has now made a false break and it is trading back inside the H4 chart range again. H1 - We have a classical reversal setup formed. As long as the last low around 1.1260 is holding, we may look for buys towards the top of the H4 range with bullish evidences.
H4 - Hidden bearish divergence. H1 - Price has reached the top of the channel. Price is now at psychological level 1, multiple false breaks and divergences. Everything looks good here for the bears and we may now expect continuation lower.
Reason to Long 1) Gold = short-term uptrend 2) Closed above 1213 = False break to the downside Stay tuned!