US30 has reach the lower side of the uptrend tunnel. Possibly another test of 20k or retest of the weekly trend line. If it breaks the weekly and forms a flag it could be time to sell the giant. Otherwise we might see 20k+.
The daily chart is increasingly looking toppy for the short-run. The Trump uptrend line was breached ahead of Christmas. Since then the index has had a tough time taking out 2277 (Dec 13 high). The index dropped to a low of 2233 on Dec 30 only to rebound and suffer exhaustion again around 2270 area. The daily RSI is losing height and is pointing lower. Thus,...
May have a reversal on the FX:GER30 . I am waiting for a clear signal of the bears taking over price and we could get a pullback
USDJPY - Long Order Anyone who follows my ideas should know I trade off a basic 4H MA trend strategy. GMT (02:00) will be the end of a correct Long setup and entry for this pair. Rules: Long 1. MA20 above MA60 2. Price must cross MA20 from below 3. Test MA20 for support 4. Create bullish 4H candle after test of support Entry: Enter Long on close of Bullish...
This is Coldman Sachs Weekly Chart back from 2000.. & it is the main driver behind $DJIA Rally & in general the main driver behind major US Indices.. Has or almost about to hit the channel's upper resistance level.. If that is the case we should see AT LEAST a pull back in line with all American, European & other Indices..
Price formed bearish divergence with MACD and RSI. We can trade against the main up trend. Entry level is below MA20, stop orders must be placed above the local swing high. Profit targets are MA50 and MA100.
Above a simple long term projection in DAX while still in favor the Bearish Market has not been completed while fundamentally we are almost before a major Global crisis.. Equal Cycles per direction indicating Cycle 1 Downtrend, Cycle 2 correction in consolidation & waiting for Cycle 3 for one more leg towards the 100% extension of cycles 1 & 2.. Will it happen?...
A gap down open is more likely on account of the no vote win in the Italian referendum. However, this was priced-in, so we could see a quick recovery. Currency markets have already recovered from the early Asian shake up. The previous two daily candles have long talks…which suggest dip demand. Overall, ‘Santa Rally’ could begin from this week in case the...
First take note of the Monthly chart on the left had side, which has Fib expansion levels plotted on 2009 low – 2011 high – 2011 low. The 161.8% Fibo expansion level is seen at 2213.5. Now take a look at the daily chart on the right hand side, which shows failure around 2213.5. Moreover, the Wednesday’s inverted bearish hammer candle was formed following the...
The descending trend line drawn from Oct 11 high and Nov 10 high currently stands at 6900. It needs to be breached if the bulls intend to push the index back to record highs above 7K levels. However, Wednesday’s candle with long upper shadow suggests adds credence to the falling tops formation and opens doors for a drop to 6700 levels. On the downside, only a...
On the daily chart, the head and shoulder neckline is seen at 6685 levels. A rising bottom formation has been seen since November 9. Still, the bulls are likely to remain on the sidelines so long as the descending trend line drawn from Oct 11 high and Nov 10 high is intact. Meanwhile, the bears await a breach of the head and shoulder neckline.
IBEX35 has formed a Bearish Bat at the H4 TF, from the D Leg first swing down currently into consolidation. Post, we should see one more leg at least towards the 100% - 1.272% Extension..
FTSE 100 index faded spike to 6880 and ended the day largely unchanged on the day at 6817. The Wednesday’s candle is a Doji. The retreat from 6880 also ensured the sideways channel on the hourly chart remained intact. Once again, we await a convincing breakout. The daily MACD has turned positive and a back to back daily close above 6800 means the increased...
An hourly close above the channel resistance has opened doors for a 100-110 point move higher to 6950. On the daily chart, we still see a potential for the head and shoulder pattern. Only a daily close above 7K handle would signal bearish invalidation.
Monthly chart Fib extensions drawn from 2009 low - 2011 high - 2011 low gives us 161.8% Fib extension level of 2213.5. Watch for a failure at the same ... especially with overbought indicators.
The index clocked a high of 2193.4, which is just short of the record high of 2193.8. Rising trend line drawn from Feb low and March low is seen halting the rise. Rejection at trend line followed by a break below 2160 would signal correction
SYMMETRICAL TRIANGLE IN PLACE. SHOULD RESOLVE SOON (TO THE UPSIDE IN MY OPINION)