My alerts have been going off all day today, I knew it was going to be a good day. A big move is imminent, so here is what to watch out for so you don't miss the next bull run: So we are at the 5800 demand zone. Now the question is, is this a genuine uptrend or downtrend? Where is smart institutional money going to be buying? Primary Signs for the next bull...
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Building up on Elliott Wave Techmology study, this is the candle pattern from MtGox collapse pointing new lows. Although a W.4 is expected to normally retrace 0.5 and move sideways, W.2 retraced for more than one year and the start of W.1 isn't determinable to secure that 0.786 retrace. In this case by following Elliott rules, W.4 should be a sharp wave,...
We can already see that the pair has already completed 2 distribution phases and we are now anticipating the 3rd and final phase. After a strong move up we can expect some consolidation where bulls will be seeking to lock in some profits driving the price somewhat lower (RSI oversold on 4H + 1H + 15M) during the Asian session. We can then expect smart money's...
USDJPY Respecting Trend, and channel. At a crucial Institutional Zone that has proven to be an area of importance (Red arrows showing area where pullbacks have occurred)
AUDUSD SHORT TILL 0.7547. LONG TILL 0.7625, THEN SHORT AGAIN
Depending on where the daily candle closes today, we have the potential for a nice bullish Gartley pattern to form in the coming days. This is in agreement with institutional support levels shown by the orderblocks.
After the Equilibrium was met at 139.932 on the ichimoku, we then targeted the high that was established September 09, 2014 and the 61.8 reversal zone to an estimated 65 pips of risk, and a possible 315 pips of profit. In order to determine your entry, we have to chart days ahead, and truly get an idea of where the best entry. Sell limit was hit at 140.783, and...
Several conclusions can be drawn from this DAILY chart of the SPY. Even more questions will no doubt come to mind as a result of those conclusions. If you thought you might find the answer to the above question you can stop reading now. The easy answer to the question is not in here. I surely can't foretell the future. Honestly, you wont get the answer...
We are seeing very clean bullish momentum divergence from the mac-d histogram, mac-d signal lines, and RSI. I'm looking for CLF to retest its previous swing point high for nice 1:2 R/R with stops under the recent swing low. RSI also happened to close above 50 for the first time today coming off its recent swing low which never hurts.