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.
I have initiated a LONG position at $49.2 Obviously this looks like a stock in a trading range between $48 and $57. So right now you have a potential $1-$2 risk with about $7-$8 gain. Also note that recently the support at $48 looks to be confirmed. A more conservative target would be $52. Since this is likely the highest resistance zone with the highest...
INO has tested $8 several times and it looks to be a bottom. INO has an upcoming catalyst which could help it cross above the $10 resistance once and for all
In the past months this pair has been moving in a 500 pips range. At the end of May the pair has started to gradually descend lower.My wiew is that this is just the start of an extended 500 pips bearish move. On the big picture (1Weeek) this bearish trend is just a regular retracement for the larger bullish trend. Since i always back my prediction with...
Investors are holding the support at 1.3585. Inflation dropped at 0.5% (0.7% estimate) and unemployment rate dropped at 11.7%. From the TA perspective I saw an descending triangle. A break bellow the support would clearly be a negative signal for the future price action. For the moment I am still waiting for stronger signals - When in doubt, better stay out!
I was analyzing Daily chart of NZDUSD two days ago (watch link in the bottom) and mentioned that something is different this time. I was talking about potential short term bounce off of support and then potential break down of support. this is how i navigate this chart on short term time frame. I use my moving averages and levels of support/resistance to...
The Biotech ETF has been hovering around 8 and 21 day EMA to build a tight range. Mixed action but still above 200 EMA at $222.30 which acts like support. Powerfull breakout above $233.80 could attract more buyers. But I will be watching both sides.
Daily chart: head and shoulders resolved to upside after it broke neckline at 0.91000. We had follow through to 0.94610 then entered into complex pullback (bull flag) which was broken up with potent, igniting candle and now it is building nice upper level base above all key moving averages. Shorter-term tech analysis: Pair entered into rnage bound market sith...
Last Signal Green Triangle Up = Long Signal Stop 24 ticks Using the MT AutoFibGrid for your trade management target and trail zones BreakEven Zone = 23% 101.82 - reduce risk by 50% - move stop to -12 ticks Target 1 = 101.95 to 102 - High Target 2 = f50% 102.16 trail to below f23.6% at f50% Range Grid Below Shows we are 50% of the session range - before the...
With markets down around 1% this biotech company showing us relative strength. It is trading on highs above all key moving averages in very tight consolidation above previous swing high @ $85.50. Entry here and expect break up of $88.50. If market will show us some strength, this stock could be a good candidate for long.
Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market...
The modest strengthening in the yen has alerted the calculus for investing in Japan so USD/JPY deserves close attention for the week ahead. Previous week it broke down consolidation support 102.000-102.040 and had nice follow through to 101.421 and entered into wide range with slightly bias to downside. I expect to see retest of previous week's lows and...
This asset managment company was in strong uptrend since September 2013 from $45 and topped at $58.86. That trend was broken with steep downside move. Stock found support at $50-51 area from one side and resistance zone at $54-55. BEN was underperformer with $SPY just 2% off the highs. It means that if bounce scenario will come into play this range may resolve...
After a big move up it found resistance at $1.69840 and now flagging near lows of that range. I got a feeling that it will resolve to downside but will be patiently waiting for trigger and will initiate SHORT position on break of that flag ($1.69650-670) and expect to see some momnetum down. There is no well defined level of support confirmed by price action, so...
Daily chart still in major uptrend but it is more range bound market, so it makes sence to trade tactically both sides. After it failed above resistance zone pair established downtrend. Broke below previous low of the day means that sellers are interested in lower prices. Significant support zone 1.38509-550 where i can take some off from my short position,...