Short term we are due for at least a small bounce since we finally have some signs of buying volume increasing. Note the bull volume spikes end of this week as well as back in June before the last uptrend started.
Daily MACD is just about to cross which when combined with stochastics rising out of oversoold indicate a likely uptrend beginning.
$0.15 was a major...
Chilean Stocks.
Pure Technical Projection.
Bearish Gartley + iH&S could give the last correction before break the bullish megaphone and keep rising.
Divergence both MACD and RSI.
Ichimoku will lead us.
Hi pros!
Waiting for a break of the megaphone to look for positionning
target if long :1250 because it's a trendline
target if short : 1160 because it's the lower low
on both target we will take half or all and see what happen to see for an other positioning (long or short)
Have a nice week!
Cheers
Thought I'd finally share my thoughts on Bitcoin. It looks like a megaphone pattern is forming, specifically a broadening bottom.
These patterns are explained in detail by Bulkowski for those that are interested: thepatternsite.com
Suffices to say they are not reliable bottoms at all. They can break up, but they also demonstrate a high failure rate.
A good...
Update to a previous post I made about the CL level breakdown.
Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range.
Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it.
It's imperative you learn to take wholesale entries, understand...
OANDA:EURNZD is developing a really nice megaphone pattern. We will trade the swings in order to be in early when it breaks out. Trading it to the upside we can use the inside day on the D1 or a H4 entry to go long.
Dear Friends :)
No speech. No intros, no long stories, let's just jump in...
Once again we are taking a look at our favorite coin. And once again we will take a look at the 4h BTC/USD Chart. We will never be tired of Bitcoin. And after a long day of sideways movement, Bitcoin has to make a decision very soon - and we are in for a treat! We will soon see...
Taking a looking at DXY, have price coming down to support.
Bearish case is that the most recent move up has sputtered out and had less momentum. The downside potential here is very big if price breaks down from the megaphone pattern.
However, looking on a daily, price is well outside lower Bollinger band at the same time that price will arrive on support of...
Having trouble posting charts all day. This is what I wanted to post this morning.
Well, yesterday was quite crazy and we even broke the green support zone. I got to admit I didn't expect that. As of now we are still in a very steep downtrend channel, but hopefully we found the bottom here. Bull and bears are still fighting this one out. If we take a look at the...
The SX5E is a much narrower index relative to the Stoxx 600 (check out my earlier post) but you get the same bearish conclusion. The SX5E is constrained by a major downtrend line marked by the 2007 and 2015 market tops, it is building somewhat of a expanding megaphone pattern over the last year and a massive MACD divergence from the price action. The last major...
I keep hearing how Europe is a better investment relative to the US but a quick look at the FY1! chart fails to convince me so. The price action is hitting a major resistance marked by market tops in 2007 and 2015, price action is forming a bearish expanding megaphone pattern with MACD divergence. The bear in me is growling to get out.
Currently in consolidation within the control zone. Watch for a close above $30 to break out into an uptrend or a close below $26.12 for a break out into a down trend.
broke down from the trend that most would draw and assume a retracement or even bear however, even with a lower break out of the fib channel it will still be within a setup for a megaphone bull break out. Elliott wave analysis of the megaphone happened to be aligned with a 50% retracement of the December run at the end of wave 4 though this wave passes through the...
Price has been range bound for a while forming a megaphone pattern.
Closest area for a retrace up is imminent if it is going to happen and should be quite aggressive price move.
However, price will fall much more if it breaks down out of this megaphone pattern.
This is my prediction on the Kweb! Let's see which direction it is going to take! I will be buying leap options after it reaches my buy point.
Important: Stock Market Carries Risk, Be careful where you invest. My ideas are not guaranteed gains.
Almost all the major stock market tops of the past century were marked by a Broadening Top pattern (The MEGAPHONE). It is uniquely characterized by two mirroring boundary lines. The top boundary line is ascending; the bottom boundary line is descending. DJAM is gaining nonstop.
Credit: pittpitt123 for noticing something wrong with the DJAM chart!
