Murphy's law is an adage that is stated as: "Anything that can go wrong, will go wrong." I think the exact opposite of this will happen in the future. But this as of today very unlikely looking bearish scenario can happen. So for the sake of being prepared for it mentally I share my idea with you. I'm strongly hoping it will not come true. * en.wikipedia.org
Fake breakout of support - few pips below - confirmed by spikes on 1 hour and 4 hour time frame. Broken trend line of down trend and expecting test of upside channel. Support is over 1.1080
possible reversal scenario and bull trap ?
Bullish and Bearish scenarios of this Pair are within the chart
A detailed description od scenario 2 (rejection) If the former Fair value @0869ish gets rejected due to a lack of demand ie. no one is following price any higher , and we make a series of lower highs ie. former fair value is now considered unfair high we might head down to test A) the lower channel line and /or B) the fair value of the recent level where price...
A detailed description of scenario 1 (long breakout) To the left we have a former balance area , ie price was in equibilirium with a unfair high @1018ish and an unfair low @072ish , wich gives us a former fair value of @0869ish as we are recently trading/testing @ that former fair value , one might expect a rejection of that level , which can be seen as...
pretty much covered every possible and playable scenario on EU H1 , just observe price and which scenario plays out, plan the trades and trade the plan ;)
This chart show us a possible double top scenario. There actually two of them pink rectangles. A confirmation of it could be the break of support at 120.5 -120.1 area. You can also see how the double bottom scenario worked out (blue rectangles).
If and only if the bulls win this and the following two weeks it would be very bullish. On the monthly chart I discovered a new bull case potential, against all bearish odds. Any breakout in any direction would very strong.
What happens if Bitcoin does NOT drop down further and $304.99 holds as bottom on Bitstamp? Here is the most bullish scenario I could think of. If you think this is too bullish, please look at my bearish chart scenario:
What happens if Bitcoin drops down further in a fast flash-crash when $300 and then $275 doesn't hold? Here is the most bearish scenario I could think of. If you think this is too bearish, please look at my bullish chart scenario:
Here is a land of imagination, hopes and dreams. Magic and make-believe are reborn and fairy tales come true. Fantasyland is dedicated to the young at heart, to those who believe that when you wish upon a star your dreams do come true. Each Fantasyland has several gentle rides.* Using the RSI (Relative Strength Index) indicator with a 12 week period (equal to...
US indexes were up in early trading after New Home Sales data came out much better than expected. Consumer Confidence Index beats expectations as well. But later markets reversed, engulfed those gains and closed near lows. Lets see clues and points of adjustments (15 min timeframe analysis). After price reached resistance zone $195.50-.60 reversal candle appeared...
USD/JPY have entered into consolidation since February this year. Previous week currency pair bounced off resistnace close to 102.800 and dropped below key moving averages and broke down bull channel that is in tact since RedDogReversal that we had on 21 of May. The longer it holds below moving averages (102.067-102.132) the higher is probability that it will go...
SPY covered part of losses after drop down on Thursday. Looks like buyers don't want to give up. I am oging to measure sentiment with Fibonacci levels. This bounce wasn't so strong as it is only 38%-50% from the move from highs. If sellers will hold $194.20ish, then $194.60-.80 then with high probability I expect move through low $193.11 to the next potential...
Facebook (FB) in the morning went through previous high at $59.56 but than reversed and gave us tactical entry with Short option. That was point where you make adjustments and should react quickly as market stays in range-bound mode. After it came from $20s to $70s and then was sold off to mid $50s it enetered into wedge/range and recent action became very...
Big Picture: US markets are strong, so I like long ideas. Despite, this stock looks weak I think if market break up failure scenario will come into play money will rotate from stocks that are on highs to underperforming stocks. And if market will continue showing strength momentum will cautch up this stock as well. This technology company grew up from $20 since...
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...