INDEXDJX: .DJI Looking Bearish Go For Short-Selling
Hi traders price on gbpjpy is lossing bullish momentum, so i expect nice drop there, price might push higher to fib lvl 0.786 around 140.65
Perhaps 650 pips left in the rally; perhaps not, pure gamble up here IMO; perhaps Monday 12/7 brings exhaustion gap? A final parabolic surge might push index near 31k before it cascades... don't be long when it breaks! Look how the MFI wanes as price creeps up the wedge; a clear EW appeared in the MFI during the November runup. RSI diverges but ofc can still go...
The fact that nifty has been consistently outperforming other indices is itself enough for it to prove the lions den for the bears. Marked the EXPIRY DAY range with three possibilities based on the kind of open.
No one can predict the result of NVAX's phase 3 trial. However, I don't count out any potential winners in the vaccine race even though now it seems very likely that NVAX won't be the first one to distribute vaccines at massive scale. That being said, as long as the result of phase 3 trial isn't a complete failure, I think the crowd frenzy will keep pushing...
W - downside D - downside 4H - pullback FIBO 2H - counter trend line break ? and MA crossover ?
GBPAUD going short after breakdown, and head and shoulder formation
The trend is overbought expect some correction with rangebound movement.
short position opened after a nice wedge breakdown, TP at 50% fib lev as marked on chart
EURUSD going short after a breakdown on wedge formation
USDCAD going short, 50% level hit and retracing to the downside
EURJPY waiting for a retest at resistance level with fib confluence
AUDCAD just broke the uptrend strutture and making a new lower low, time to short