PRICE IS MAKING A BEARISH WEDGE AND NOW IS JUST AT THE SUPPORT OF THE STRUCTURE. ALSO, MACD IS SHOWING DIVERGENCE. SO, LETS SEE IF PRICE BREAK TO GET A REALLY GOOD SHORT. WHAT DO YOU THINK? LIKE IF YOU AREA GREE OR COMMENT YOUR IDEA.
IF YOU SEE DOLLAR INDEX MADE A CORRECTION TO THE 0.68FIB LEVEL AND THEN BOUNCED. NOW IF YOU SEE EMA2OO IS KIND OF HOLDING PRICE AND ALSO 0.38FIB LEVEL. AT THIS LEVEL THERE ARE TWO CANDLES WITH LONG WICK TELLING US THAT BEARS ARE FIGHTING HARD. I AM EXPECTING THAT DOLLAR INDEX GO DOWN TO THE 93 AREA THIS WEEK. SO, I WILL BE LOOKING FOR SHORT OPPORTUNITIES WITH...
I am late posting this because my day job sometimes intrudes into trading time, but in checking the weekly Nadex S&P500 on Monday it looks very unsettling like it could be a down week, but with the chart finding support after a few days down by late Monday I decided to enter the market when it was temporarily in the money but the bid/offer had not quite caught up....
Weekly and daily paint a bearish picture for the Swiss franc overall. It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels. Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been...
My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
AS YOU CAN SEE PRICE IS JUST AT THE RESISTANCE. RSI IS SHOWING DIVERGENCE. LETS WAIT FEW MORE CANDLES TO SEE IF PRICE BREAK AND GOES UP, OR PRICE BOUNCE AND GO DOWN TO KEEP MAKING THE ESTRUCTURE. I AM EXPECTING PRICE GOING DOWN BY THE DIVERGENCE AND ALSO THERE IS NO SIGNAL OF RUPTURE YET. ANYWAYS LETS WAIT A CLEAR SIGNAL. WHAT DO YOU THINK? LIKE IF YOU ARE AGREE
AS YOU CAN SEE PRICE ALREADY BROKE THE TREND. IM JUST WAITING PRICE BREAK THE SUPPORT TO GO LONG WITH EURUSD
Hi Traders. I tried to summarize the conditions that should met for a harmonic pattern to be valid. I have did so for most of the patterns which I know, except for Shark, 5-0 and Three drive pattern. Hope this help some of you; Any Question? Please ask under this thread. Kind regards, Hamed Aghajani Newcastle-upon Tyne, United Kingdom 02/06/2015 11:05 BST
Price hit the Primary TL as expected, took a nice short from 11700 catching just over 300 pips. Waiting with anticipation for the open to see where price is, looking for good long position with stops placed under 11400. The current bullish TL hasn't been broken yet since the last major sell off from last year. Indicating it will probably hold once again. Looking...
S&P 500 will soon reach equal leg from the beginning of time (from 0). If you draw equal leg from 0 to ((w)) and project it from ((x)), you will get 2211 as the equal leg number. Moreover, somehow S&P seems to follow the Prime Padovan Sequence as indicated with 1576 high in 2007 and 666 low in 2009. The next Prime Padovan number is, guess what... 2210. That's...
Seems, DAX tries to build W-X-Y flat zigzag and now started to build Y. I see a good opportunity to short DAX after confirmation of downtrend on Heikin-Ashi chart (red bars) and declining MACD.
Here we got yet another pattern to look out for in the comming trading week. This one is a little exciting its a pattern that is against a year long uptrend on this Index. So have we reached the price limit and a reversal is due...? Well we will se, i will recommend using half position size on this and just shoot for target 1 first and then take half position and...
In our previous Chart of The Day at 5/21/2015, we said that the rally from wave X low (2061.9) took the form of a double correction (w)-(x)-(y) and the whole rally is complete as wave ((w)) at 2137.1. We also said wave ((x)) pullback is in progress to correct the rally from 2061.91 low towards an ideal target area of 2090.6 – 2099.5 (50 – 61.8 back) before the...
We are starting to see Dax slowly recover from its selloff from 12.4k. Target 1 which I posted on a previous chart was hit to the T. Currently price is consolidating within the box range, Target 2 still valid only if Inner TL holds. Expecting it will. The primary TL is drawn from the previous years October selloff and represents strong support, if it holds I'm...
Decline to 19033 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19843 and wave ((x)) ended at 19468. In our previous Nikkei 225 update (see related ideas below), we said wave ((y)) is in progress towards 20276 – 20472, and some profit taking should be seen...
Decline to 2061.9 completed wave X. Wave ((w)) rally from this level is unfolding in the form of a double correction (w)-(x)-(y), where wave (w) ended at 2118.1 and wave (x) ended at 2084.1. In our previous Chart of The Day at 5/19/2015 (see related idea below), we said the last leg wave (y) is in progress towards 2140.3 – 2153.6 to complete wave ((w)). We also...