With all the press about boots on the ground in Syria and other parts of the middle east, its not a surprise that defense contractors are doing well. Take for example DXS, the defense contractor index, which is showing solid, sustainable growth while breaking levels formed by gaps from the aftermath of Black Monday. Note gradually higher lows, while 'resting' a...
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...
Bear Wolfe near SR level. Pending point 5 entering Sweet Spot Triangle before price is expected to go down. However if price surpassed the red horizontal line, please dont take this setup as WW.
This thing has been on a descend for awhile now. I think we found a bottom for the daily range. *Not Weekly*. Past performance when checking out the 4hr chart shows a very similar setup. The area has been highlighted to make your life easier. Just scroll back. It has got a lot of steam on the 4hr - Daily range. All looks well but then again, this is the market....