It is clearly that all stock markets are still in a down trend and heading to new lows after a small correction to the upside. Apparently the reason behind this upward correction might be caused by the upward correction in oil too. We recommend shorting stocks instead of buying dips for now.
ITV oversold. Rejection from 50MA with slightly below average volume. If trade is not activated by the end of trading day cancel pending order. Target of 279 - previous high from end of December.
Fed finally raises rates as expected, UK stocks is definitely facing resistance of varying degrees ahead Yesterday, the Fed took courage and acted as anticipated by raising rates 0.25 - In the absence of any curve balls US stocks responded quite positively after making a couple of sharp heads, US indices closed just off the highs of the day, dragging UK100 up...
Possible Bearish Cypher, R/R looking good so going to give it a crack anyway!!
From T1, parallel to T2 which was confirm by "kiss" for a nice short position to a parallel channel down to target 6130. (TP1 was 50% fib, 50% of position closed) Personally, this was my biggest ever profit - timescale. Now we are on T3, i would like to see another test of this lower channel line to confirm its validity and up it should go. Stops just below 61.8%...
It seems a point of inflection. Happy trading! ________________________________ TRADE WITH INSIDEMARKET! Please, contact via PM, email (insidemarketfx@gmail.com) & Skype (@insidemarket168).
We have a confluence of signals indicating a long is possible from this area. We got: Key hidden levels options expirations support Downtrend signal that probably won't be reached in time. (if not reached = bullish!) RgMov in an uptrend since the inverted head and shoulders in jangseohee's chart formed. Also showing fibonacci levels of support at play. (It...
An inverse head-and-shoulders pattern has formed on the FTSE, with a projection of around 200 points, which would pull it towards the 6900 handle. This leads me to believe that market makers are looking to clear out the stops that will be resting above the 'double top' before any further move down in the index. 6921 is the 70.5 OTE fib retracement from the 10th...
Potential short as price is at structure forming a double top. Consolidation through price meeting the 0.5 fib level. I will wait for a lower close, bellow the dotted line before I enter this trade.
Uptrend is intact. Long at 6950. Huge support at 6900.
Daily view of the FTSE ... a follow up chart to my weekly chart. The daily chart also have a 3 drive to a top pattern within it. Harmonic, fib and geometric rules the charts! Notations on chart Remember confirmation is everything in this game! Fear not @BLawrenceM If you like the charts consider following me on twitter Music at work: www.youtube.com open.spotify.com
Cycles, fib, harmonic and geometric rules! Fear not! @BLawrenceM Music at work: www.youtube.com
Harmonic pattern in play on weekly ftse! Fear not! @BLawrenceM Music at work: www.youtube.com open.spotify.com
Pretty reasonable risk reward here, could be better if it test the lower ascending triangle once more. Coincidentally, Greece debt deal will be up within the next 10 days and this might be the catalyst for the better or worst. T/P: 40.89 Entry: 34.60 S/L: 31.37 (Trailing stops by 0.04 daily)
FTSE Breakout - Pullback - Continuation Upmove. FTSE Broke out of Weekly Trading Range ( Volatility Compression since Jun'13) with a Decisive & Confirmed Breakout. Time to Enjoy Some Green