I have provided two scenarios for the Nasdaq.
One is an immediate bullish case for a bounce off of a previous broken resistance level. I think this is on the optimistic side, and of course most people would prefer that type of stress free environment.
The second is for a breakdown to a lower previous control level. This is more pessimistic, and it's more...
We have good potential here. Lets keep our fingers crossed on this everlasting pending breakout. I also left a link from my last prediction. Feel free to check it out and refresh the bars, leave a like, comment your ideas, and fallow for weekly or daily updates!
Happy trading and good luck all
OANDA:EURUSD
Disclaimer
The material and information contained...
*Not financial advice*
ADA has not rallied nearly as hard as some other alts in this recent pull away from BTC, namely ETH, XRP and LINK.
With tight compression on the 50d and maintained expansion coming to an end on the 200d, it's likely that a sharp move happens soon.
With volume seeming dormant recently (in relation to former highs), and very similar patterns...
I noticed this consolidation pattern on ACN.
First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern.
The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good.
For me there' are too much...
Now if we think that the Iran still refuse the idea of cutting their oil production, I am quite sure that it will go down from now. If break the line, maybe 34 then it will go up.
