Following the IMF's decision to add the Yuan to the SDR bucket. Fundamentally, this will imply a rush to stock up. Many central banks keep a reserve supply of other currencies, commodities, etc, with an emphasis on SDR's. This fact, coupled with the dollars eventual deceleration come an interest rate decision in December could imply that CNHUSD will be a good...
The bullish run for the markets appears to be slowing especially as the impending interest rate hike gets becomes more of a reality. Some bearish signs are especially prevalent for QQQ, as we see a relative vacuum area from below and lots of room before we hit any resistance from the Ichimoku cloud. Moreover, the RSI, MACD and OBV all indicate an unfortunate...
AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however.
Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...
Quick clean idea on EURJPY.
Drawn Support and resistance based on structure, wedge tightening.
Fibonacci retrace level shows 61.8% reversal possibility occurring from last months High/low point.
Commodity channel index also heading south after being heavily overbrought
Seeking entry between 136.350 - 136.450 watching smaller TF's play out before...
This pair is currently testing well supported area around 0.7240-50. Luckily we are also witnessing the termination of CD leg from the pattern AB=CD right at the same level. This is simple & typical price action stuff folks. There are two ways to accommodate once stop loss, 1] Close the trade when price closes below support zone with momentum bar. 2] Place stop...
Level play FOLKs! Supply started from first down arrow at around @136.50 area, then price was pushed above for short squeeze to trap retail bull traders. Two consecutive down area after the first one was for trapping gullible retail traders, but intention was always to go down. Then the dump happened & profit was taken, but to continue the short ride. Will they...
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels.
Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo -
Channel Commodity Index reverse also respecting diagonal channel.
First target 0% on Fib retrace, trailing stop from then on -
Stop based on historical kijun-sen flat...
we can see 2 bat patterns on the 4h timeframe:
1) the first one close quite above the 1,272 fib level ( considering trend harmonics) so this might nog be so significant, though I believe we will see a little drawback in the red square
2) the second one closes right at the 0,886 fib level of the freefall in January. It's also not that far away from the HC in...
--- Please readjust the scaling so that the spiral sits just above recent price action ---
We are still in the process of consolidation.
In my opinion, the recent drop should not be interpreted as a meaningfull breakdown.
It's still within the acceptable range.
Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data).
A break...
Yesterday's close once again confirmed EUR weakness. Offcourse some of the traders are experiencing discomfort with not being in it :) As far as I can see, the price is showing us a 1H weak reversal signal (do not use it) which is giving us a possibility to sell by a better price.
Sell Levels:
1.0825
1.0900
SL > 1.0900 (maximum, in case of 1.0825 Bouncing -...
The Price is at the very strong support area. The bounce of this area is highly possible mid-long term .
In case on a "Bounce" Scenario - the 1st target will be at Weekly 0.7750 resistance area.
The break towards down is also possible, but have to be confirmed with a price action,
Short term. In case if the PA will confirm a level brake, the continuation towards the 1D down-trend is highly possible. It will open the way down to 1st: 0.7600 2nd: 0.7550. In case of a bouncing off the 0.7650 Level, the price 1st target will be at 0.7750.
symmetrical ABCD triangle. comes into confluence with 11000 level. AB=CD to the pip. also aligned with 161.8 fib extension. with that said D=(B+A)/C
downside target 9488
Why did BABA hold the level it did in the recent pullback?
It is the level where earnings were released on the way up - so there were natural buyers who wished to accumulate stock at that level who were waiting to an opportunity to buy at their price. They didn't want to chase after shares after the earnings report, rather, they lay in wait for a chance to buy...
