Hi there! Here we have a nice bearish Gartley Completion together with the smaller bearish movement that is happening. Good Trading!
I think its possible for a movement to the upside in the short term, I have multiple indicators suggesting so. Support level at 169 and my target is 172.
It's a montly chart. EURUSD loss strength and it can't break 1.04 support plus the morning star in a congestion could be a good signal to bullish movement. Possibly the next target will be at 1.1 and If USA present good results the next month with NFP bearish trendline continues.
The S&P500 has a pattern that is extremely interesting. I've devised an indicator I call Range-Movement, which I say Range-Move and shorten to RgMov on the chart below. It measures the way the market is moving and compares ranges to ranges, side-by-side. It also gives very interesting indications of TREND and sometimes more importantly it shows the level of...
We can see exhaustion of price movement and then nice patern to go short
It is a very interesting and highly explosive situation now on WTI OIL market Price has been trending laterally since the start of September, causing volatility on quarterly basis to contract unusually tight (measured by 1.25 standard deviations from quarterly (66 day) mean) It means that when price eventually breaks from the 1st standard deviation, a move in...
GBPNZD shows indecision candles for the last few trading sessions, it might be a signal to have potential bearish movement if breaks the previous low of the last doji. Risk reward 1:2 is a good proportion, will hold the position for the next few days and will try to find better entry point to go short
EURJPY on a daily chart might create H&S pattern in the next few days, let's see how the market going to move. Lets first confirm the pattern and later on we will be able to make conclusion
For the last 5 day AUDCAD hasn't moved too much, by that create a channel, break out of the 0.966 level will the pair will go up. The break out of the 0.9585 will tend to go short
DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market...