I have a couple lines drawn as you can see. Both provide what I think are points of resistance for a possible brief retracement. The orange line is a daily estimate and the blue line is a weekly estimate (you can switch the views in the upper left corner of your screen right next to the ticker--1D is one day, 1W is one week, etc.) Even though the blue line was...
Looking to profit from this strong counter trend move which is followed by a corrective move, indicating the sellers are still very present.
Looking to enter at current price with multiple take profit levels.
1st: ~1251
2nd: ~1248
3rd: ~1244
Sorry, didn't put this up earlier but it's still valid.
SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought).
The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17....
Harmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall.
RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries.
SOHU is currently in short-term...
Gold might hit lower than yesterday's low, to form double bottom at H4 before blastoff to the ceiling. If price went below than 1200.00, the long biased will be considered wrong.
EU should make a push to 1.10 area then continue in the downtrend of the last couple of weeks, going to try and catch it at the bottom of this channel for 90 pips target
