With the market recently taking nose dives all around, I see more and more charts starting to look bearish in the long-term. $LNKD for example failed to make a new high and has formed what looks like a bearish flag pattern shown in chart.
Obviously my timing and specifics of the down move cannot be predicted accurately, but I think this chart is worth watching to...
Market is forming a bear flag at the lows after yesterday's drop. How do you know that this is a flag? Read this bull flag post I wrote.
www.ibankbitcoins.com
To summarize:
1. Prices overlaps between high and lows.
2. Volatility and volume drops .
Take a look on the hourly, we are at the lows. For the bulls, this could be a double bottom. Generally speaking,...
Bitcoin market price has been very choppy this weekend. There is no trend, no predictable price movement except for the fact that price tends to get stuck at 400USD/2450CNY. Looking at the 4 hour chart, we are inside of a consolidation/bear flag like pattern. If we do bounce from here, that the arrow is the likely target. Notice the last bounce touched the 50%...
week to week cadjpy registers a higher high and has been trending up for the past 5 weeks. I do not wish to try to pick the top. Instead I look to continue to trade with the trend.
Right now there is channel forming , sort of like a bull flag. There is also a price macd divergence so I am looking forward to see a subsequent up move.
In the blue circle, I am...
USO has broken it's uptrend a few weeks back, and since has been heading violently lower with no signs of stopping, at least not yet. Not in my eyes. I had a plethora of converging indications, so I've marked them in the chart A - F, and then explained my trade setup. Good luck.
A) RSI has broken above the 35 level, but this is likely because it bounced a bit...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46...
The idea here isn't very difficult to understand. DAL has made a run up from $35.51 on August 8th, where we saw a bounce off the 150EMA, a personal favorite area to get long for me, especially looking at the weekly chart for this. Anyways, from the top down:
1) Bullish RSI Holding 60 Support
2) Established Uptrend - Long Term
3) Bounce off 150 EMA
4) Long $4.46...
Too bad I do not have h1 data, as usually I will try to vizualize my setup in h1.
currently there is a bear flag channel forming and close to completion.
Upon break I will look to short, target till ~100 round number, give and take.
Just a primitive play , trend folowing but still utilizing my usual setup to get in.
I also have macd divergence on the h1 as one of...
Needs to be handles with care though and one needs to
be careful not to jump the gun. While EUR weakness is supported by fundamental factors, GBP, in short term at least, could itself be subjected to weakness in the absence of any decisive direction from BOE.
Watch and get in if the price supports our point of view.
Cheers
22/07/2014
Corning Inc (GLW)
On the daily graph we can see an ascending triangle in an uptrend. There were breakout @21.74 and we can see there is an flag near upper line of the ascending triange, which is bullish signal.
I'd bought at current market price with stop loss at $21,45.
Measured price target is approx. $22,80.
Extended price target is approx....
EG is coming to a weekly level of demand which also holds 61.8% Fib from 08/09. It will also be a big double bottom possibly so I will look for bullish divergence nearer the time. This could also be seen as a big bull flag. Even as it is the RR is good with a 1:3 minimum if you take it to the first fresh supply level but potentially this could go much further,...
After making a $10 run from its' April low, FB formed a flagging consolidation pattern. Today FB has broken above that consolidation pattern with conviction to start its' next run up. Look for FB to test resistance at the 67-68 area. If that doesn't hold then FB can easily test its' ATH
There was some talk in Reddit from user Factitiously_Real about some sort of triangle pattern. I looked into more and found it to be a flag pattern instead.
This is a consolidation before the continuation happens. This flag has been setup perfectly because it does have a nice bull trend before it. There was a sharp decline before entering into it. It is showing...
Whirpool sitting on its 200 EMA , below all key moving averages.
It found strong resistance at $156 (tripple top) and starting from there sold off aggressively then price retraced to moving averages in very controlled manner. On 27 of May selling in stock resumed and now we have few inside days to absorb this big, red candle near lows in front of support.
I put...
Curreny pair bounced off of major support level that is in tact since beginnig of April. Also, it was bottom of bull flag.
As it broke up intermidiate resistance level it caught some follow through.
I am bullish and will be watching for buying opportunities on 50% pullback close to 8/21 EMA or if it will go through 0.93118 it may attract more active swing...
CRM has been showing relative weakness after the breakout failure in February that started deeper correction. The stock has lost support of all moving averages and spend descent ampount of time below 200 moving average.
A break below $48 could resolve this bear flag pattern to downside. Stop could be placed above $54 where the 200 EMA comes in play. Target could...
