combining DOW, SPY and NAS futures can cut down on the noise. still an open question: are we rallying or not. this chart might give clarity before "one index" charts.
Bullish BAT pattern could complete at significant structure level right in between .382 and .5 fibo retracement of a one-month (October) rally.
It might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle,...
False break below support area, possible hammer, positive divergence on the 14 RSI, Falling Wedge - these are some bullish signals which might announce a rally for gold. The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if...
Here we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades...
How do you not like a stock that doubles in a little over a month? PBR killed it on their last earnings report and it has been on fire ever since (with the help of the energy market). Pull up a monthly chart on this stock and you can see their is a lot of momentum behind this move. I suspect this rally to last another 2-5 months at least. Expect a strong...
The pair has a falling wedge pattern nearing completion. Personally, i dont trade falling wedge patterns, so im waiting for the rally back up into previous support.
Wall Street has posted the sharpest rally in a month today. Looking at this 6 month chart, large up days following dips in the market, have been the bottom for the most recent 5 market rallies. If the pattern repeats, we could see the SP 500 regain 2100 levels next week.
CADJPY has reversed the trend and made a considerable move up all through the day. RSI is overbought now and it is probably exhausted and gasping for breath. We might see a +- 0.382 retracement into previous structure before rallying into the minor support level on the daily chart.
LONG - We're at a strong support level and at the bottom of the consolidation. There's a good possibility we bounce here, which could make for a nice short term long. Levels of resistence are shown. A break above 218 would be more confirmation for long. SHORT - A break below 215 could get ugly seeing how volume has been high throughout this cycle.
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]
Winter is the best time for bears to hibernate ;) NEVER consider shorting until 440~476. Dollar (DXY) is topping out right now too. Clear breakout here, and it'll be a strong corrective trend. Short and sweet, we are in for a big rally.
The market has been moving towards it's short/medium term resistance levels. Recent volume and price action suggest that these resistance levels may be broken. Such would mean a sharp trend up toward the next major resistance level of $400. It's also entirely possible that these resistance levels will NOT be broken. For those of you that are newish traders:...
With 62% of the total coins, already produced... an estimated 10-20% are 'burned' (missing thru lost wallets) and another 30% of those remaining, being held by long-term whales... Why would you consider this an investment option? * Unknown number of coins, burned... where does inflation or deflation begin, if we don't know the amount of "currency" * Many, many...
SWN bounced off support the past 2 days coming of a 'double bottom' Bat Pattern at major support which happens to also be precisely at the .618 retracement of the larger leg which is very visible on the weekly chart. This is all coupled with some very sizeable momentum divergence from the 'B' Leg swing point to where price has currently found some stabilization....
Carefully adjusted fibchannel and timefibs. Allignments of price and fib channel are marked by yellow lines (scale out to see more allignments) 0.618 - 0.764 time fibs mark a potential breakout area. Next weeks I expect moves within the red diagonals, less volatility, smaller trend angles on downmoves, short: sideways. So moon rally likely to start in august.
Technical Outlook EUR/CAD had a long rally followed by this down channel which cloud end up as a retracement if EURCAD went up. There is a lot of structure at 1.43482 and there is a fibonacci 3.82 level close right at 1.42677. I can't say now what this pair will do because it depends on oil prices and fundamentals, but i expect a short term rally when price...