Microsoft is going to fall in price and here are the reasons why: Technical Indicators: I. Knoxville Divergence Trend Line showing bulls have lost control as seen in the circled area where it is no longer following the upward trend II. Red clouds above most recent candles showing growing bearish strength III. Visible range shows prime price is 251.81...
Rob booker reversal indicator - bearish Rob booker Knoxville divergence - bearish Target S1
Good resistance and approaching a trendline. When cross the TL will be a good moment to get a short trade to middle of weekly pivot point or montlhy pivot point
Buy when the price cross the TL. The TP the next TL or the Pivot Point Daily
I am short multiple positions already on EURCAD on this rise up, its been brutal but I think its insatiable bloodlust is finally quenched. I would like a .05 retracement here, but I may put a stop and let them run to monthly pivot. will start closing out if it breaks highs.
FX:USDJPY looks like it may finally be ready to pop like a balloon. UJ has a history of me wanting to be violent with it so initial trade should be small. but an end of week pullback on USD with a deflation of jpy from election results could mean a big short to 105ish.
EURUSD Long to 1.10. I believe the USD is finally running out of strength and is due for a correction. How big that correction will be and when remains to be seen. EURUSD just bounced off the bottom trend line, that support coupled with EOW pullbacks which should be starting tomorrow could make for a great correction post-election.
EURUSD is approaching an area of highly confluent short opportunities. I have broken the zones into 2 separate PRZ's to make the boundaries more distinct. I have a short entry at the top of the first PRZ with a SL outside PRZ2. Target placed just above the ab terminus which would coincide with .618cd. Reasoning for each PRZ is broken out below. PRZ1...
EURGBP is completing a possible ending diagonal in a critical S/R zone. Entry below support provides a substantial R/R with possible profit targets at the wolf wave profit line and at the .5 fib which coincides with wave ((iv)) price territory. Bearish Knoxville divergence combined with two unhit daily pivots will likely drag the pair down from current levels.
CHFJPY has completed a 5 wave impulse and is due for a correction. Bearish divergence in addition to a trendline break provide indication that the correction has started. Entry at the break and target at the .5 fib above unhit daily pivot provide a nice R/R for a short trade.
CADCHF has completed a 5 wave impulse and is due for a correction. Bullish divergence in addition to a TL break indicates the beginning of the correction. Entry at the .382 fib of "A" wave with target at daily pivot/.382 fib provides a high probability long position.
GBPCHF has completed a 5 wave impulse and is due for a correction. Upon a 1HR candle close above the trendline and broken resistance, a long position to the daily pivot for 8/20 provides a high probability trade.
Previous EURCAD short did not trigger as support was not broken. A new short opportunity has presented itself. Bullish impulse is complete at a critical fib level. The beginning of a correction has been confirmed with a 1Hr close below the trendline. Short to daily pivot for 8/20.
EURCAD is showing resistance around 1.4612 which has thus far contained price within a 5-week long daily chart channel. Divergence has been printed on the 1HR chart. I anticipate that if minor support is broken a retrace to 1.534 is likely.
PG has met a very heavy support and resistance zone: We can also observe the printing of triple bullish Knoxville divergence (RSI oversold, significant momentum divergence) and a bullish broken trendline, indicating an upcoming move upward. A conservative entry can be placed above recent highs for further confirmation. Three targets may be set as...
Long EURUSD for the following reasons: 1. Coming up on long-term trendline support 2. Bullish Knoxville Divergence (Momentum Divergence + RSI Oversold) printed on 15m and 1HR charts 3. Price closed above 12 hour trendline 4. Unhit daily pivot and an unhit pivot cluster sit above price, acting as high probability reversion-to-mean targets 5. Elliott Wave count...