OPK has completed a bullish bat pattern at an excellent support level. Price is showing clear signs of respecting the tight and confluent PRZ and may begin to reverse toward the upside in the next couple of days. The company has strong fundamentals with Phillip Frost's outstanding track record in biopharmaceutical innovation as its backbone. PRZ Confluence:...
AUDCAD has achieved T2 of the bullish crab idea that I recently published (see below) and has now completed a bearish deep crab pattern. The PA has respected the 1.618 projection of xa and it is time to look for a short entry. Confluence in the PRZ: 1. Bearish Deep Crab Completion 2. Weekly Pivot 3. September, 2015 Pivot 4. .618CD (Bullish Crab Target) 5....
AUDJPY has completed a precise bearish Gartley pattern after a .618 retracement of the xa leg followed by another .618 retracement of ab. Although the pattern is technically complete, Gartley patterns will often test all of the levels in their potential reversal zones which typically consist of the area between .786xa and ab=cd. A conservative entry is at the...
EURGBP has completed a bearish bat near significant trendline resistance. An unhit monthly pivot may drag the pair further past its X origin and toward the territory of 3 potential long opportunities.
Key: Green: Monthly Tend Lines. Thick Lines Outer Trend, Thin Inner Trend. (set on monthly resolution) Purple and green lines are possible outcomes. (120 resolution) Blue lines are points of possible trend changes. Currently seeking the buy and sell signal as price action approaches the blue line which to me states a good entry point into a short/long...
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...
An hourly close above the 7-week-long bearish trendline provides a great opportunity to go long SHAK, which has made a strong bullish move at its daily support zone. With low float, high volume, and an appearance on Friday's Top Gainers for many popular signal services, there is a high probability of more bullish movement in the upcoming weeks. Enter on any...