URGENT: Past pick $HYRE forming #DoubleTop w/ #BearishDivergence! Starting to look like a GOOD PLACE to SHORT, however be sure to #LADDER in those orders at RESISTANCES!
The END is NEAR for the #NasdaqComposite | $IXIC! H&S Ready...
The price is overextended in the oscillators. Price is also reaching into the upper Bollinger bands (not shown on this chart). The bearish black swan is icing on the cake. Wait for day pullback and go short if it looks like there is momentum. Follow the 45 degree trend line to profits and adjust stops as necessary just above the 45 degree trend line.
it is clear that 0.43 is the key support here, and i think it will open near it today. The volume is declining and usually, when a key support is broken, a stock loses 2 days of gains so i guess it could drop to $0.315 more or less. PS: dont look too much at possible support levels from April because all of that action then was on really low volume.
You see here on the 4H the EURJPY is consolidating sideways. The buyers and sellers are indecisive but I think the sellers will have Sushi Dinner because... Price is stretched far away from ma's. MACD is stretched far away from 0 level line. MACD has crossed below Red signal line indicating possible new direction. Close trade if MACD crosses above Red signal...
We were witnessing overextended BTC flash prices, few all time highs. Now its time to correct it and "bring back on tracks". Bitcoin will drop to 14.000$, when it will drop againa and try to maintain 12.000$ stable. My personal opinion is that Bitcoin will continue to drop further slightly, so it should be around 10.000 with eventual dips to 8.400$. I think that...
I re-assess the EUR pairs heading into the Spain data release by benchmarking what the Retail Sentiment was relative to what the market was expecting and my conclusion is EURNZD is the one that is most overextended relative to the fundamental of the pair. It has been the best performer during Asia session and ever extend gain after bad data during UK session and I...
Hi guys, a little update to the trade idea I published earlier last week. Today we had a major bearish day for the EUR/USD, does that mean we can short now? A unexprienced tradre might think so, after all we got strong bearish momentum in the market today. However as a good trader we wan't to establish a portfolio for our trade idea. So lets look at other...
NZD has strengthened across the board following the latest New Zealand election poll which places the ruling National Party in the lead with 46% of the votes and Labour behind on 37%. This is to me a much more a local issue and yet since AUD follows NZD closely, GBPAUD tanked too. Fundamentally, I am Bullish GBP and Neutral to Bearish on AUD, I'd like to fade...
This is another CAD pair that I look to play. GBP's news this week has not been positive while the coming expected good news such as Manufacturing Production m/m is on Friday and in my opinion the rally yesterday is quite premature especially with CAD rate decision due today. The analysis is related to my USDCAD pick, looking at price action so far the GBPCAD...
higher time frame is in defined uptrend with healthy pullback mid time frame is showing a rising ma after minor accumulation and weakening downtrend breaking out of downtrend line with positive momentum and volume pressure lower time frame is showing positive strength after price was overextended and pullback to intermediate moving average and working it way back...
AMD has shown no signs of slowing down, until now. After the mixed reviews of Ryzen, which was initially a reason for all the hype around AMD, investors are selling. With even the largest investor dropping 45 million shares at $13.70. This is all as AMD was hitting a near 10 year high, which also happened to be a major resistance/support level. On the weekly...
just like in may when this spiked up it fell right back down to where it came from, it's approaching the $50 level and had a huge run. looking for a pull back to go short on. low volume though so be careful with size because it can get some wild price action being low volume
$DAKT is way over extended and has 9.50's as a resistance right over head. I'll be watching for a spike in the morning up into the 9.50's level to go short into, or if it gaps down then i'll base my risk off of yesterdays close. Looking for the pullback