SP500 a possible third jump downward facing an important area resistensia observed, this could be reflected in two ways: 1) a strong and solid down, jump or 2) a strong break to the upside. undoubtedly an important point.
Simply put, we can look to this index to continue it's bearish trend. We will not place targets with the expectation that price will print new lows, but rather, that it will simply retest the most recent cycle bottom. If one was to join in at market, this trade will offer a simple 1 to 1 risk to reward.
Well, even though the recent earnings report blew speculation I'm noticing that this stock is moving rhythmically. These are weird Q4 earnings (2.2 mil - which is about what it costs for parking, admission, and food for a day at one of their parks with your family ohhhhh SNAP hahahha!) , because you would think an amusement park would post better in say, Q2 or...
TRADE WHAT YOU SEE
During my Top-Down-Analysis which means for me that I am starting on the Daily timeframe, I thought this kind of process would be quite interesting to share.
1st: I identified the broken structure to the downside
2nd: I anticipated the outside return into previous strc. resistance, which completed last night during the asia session.
3rd: Now I...
(1) A falling wedge has formed since October, wich is a longer-term pattern,
and since $MU is in a down trend since 2014, this should be considered bullish.
(2) A head and shoulders pattern has completed, with target 10.
Combining these two patterns gives a price target and a time-frame.
Additional points:
* Historically 10 acted as support and resistance.
*...
If you saw my post yesterday then you know that I’ve been waiting for a potential short on this pair. (Here’s the video link explaining the trade www.youtube.com) My initial killzone was pretty large and after a brief test of the bottom levels of it, price has rallied back to the top providing me with the opportunity that I was waiting for.
The reason I didn’t...
This pair has run into a resistance area however with the large bearish candles it doesn't look like slowing down any time soon. If we see a candle break below resistance and close i would see this as a good reason to take up a short position. I would like to see it close around the 0.77 area rather then just below as this will increase the probability of the...
I am confident that nzdusd will be down , because of it was trying to break resistance from the past two weeks but it failed every time , so hoping that it will go down this time , may be today or tomorrow on NFP ...
