Already rejected at channel resistance. Ready to be dumped down. Good RR ratio setup. In line with my GU bearish prediction.
Watching CERS tomorrow for a continuation move towards the May 4th gap. CERS has had strong momentum recently after its very successful earnings call. Look for the move over 4 to 4.20, be careful of a $4 rejection. Looking for 10-20c. Im in from a previous position at 3.72.
Whirlpool (WHR) has stochastic divergence on channel line support with a gap above. Buy: 166.34 Target: 171.00 - 178.53 (2.79% - 7.33%)
Also a bearish engulfing today. $QQQ sometimes leads $SPY. A gap fill to 132.74 is still possible this year.
Now that it broke below the apex of the triangle, and uptrend line, which it did break last time in August too, and there is a chance that it might bounce back higher from here. But if the price continues to fall, the supports would be 336.32 yearly R2 pivot and then ultimate support would be the 327 Ref double top high from May and the small gap fill from august
US DOLLAR INDEX All talking about future awakening USD. Memorize zone is the great start.
Back tested all gap fills from November 2016 that were below $5 (chart was too distorted if I used the gap fills in the $15's. Target is anywhere from $2-$5 by end of year.
USDJPY after it broke box range dropped all the way down filling the gap @ 109.50 as we know gaps serve as support in this case. If price breaks below gap support the next target is 108.50
Gap is not quite filled. Bounce back to upper part then fill gap properly
First Solar has been in a clearly defined downward trend since between May and August of 2016. As of the close on May 12, this stock is at the top of the cycle which is near a strongly established resistance. The projected future movements are highlighted below. When we take a look at other technical indicators, the relative strength index (RSI) is at 81.4842....
The former sees Celgene at $115 en route to filling the $109.25 gap. The latter sees Celgene test $121.70. Supporting the bear case: 1) Emerging broader market bearishness 2) Triple top on XBI daily + MACD bearish divergence 3) CELG weekly and daily charts turning lower + MACD bearish divergence + chinks in the quarterly fundamental story + persistent...
Hey traders, this pair has broken some short term support. This is a potential scenario if the pair does in fact continue to show weakness, which means this is a sell stop order and is not active unless price reaches entry before invalidating the trade. Big R/R if successful. Cheers
On May 3, 2017, American Express Company crossed below its 50 day moving average (DMA). Historically this has occurred 406 times and the stock does not always drop. The median drop is 4.538% and maximum drop is 45.566% over the next 20 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 50.4969. RSI tends to...
Gap fill triangle break fed hike bets now 90%
is currently near the gap fill and gives buying opportunity with closing stop below 185 Came in my radar score 7 (personal note - testing basis) Disclaimer: Analysis is not to be taken as recommendations. Posting for personal references. Please due your analysis before investing.
As taught in the Andrews course we can anticipate a new pivot forming at the blue median line. Already showing signs of rejection with the sellers winning the battle at the high. If price can break the support line then I plan on taking a short if price retraces to test the break. Current high also looks nice on a channel in the daily view.
Hey guys, the gap we were expecting was very big (especially with euro and yen pairs) but remember that gaps tend to be filled afterwards. So, if this alligns with my structure analysis i think the opportunity is good. The yellow box you see above represents a previous level of structure that acted as support and now could turn into resistance. As we go on lower...