Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will give...
Overall Lower Highs and Lower Lows within a nice Descending Structure. Another Descending Channel is now formed within the Higher Time Descending Structure. Anticipating a buy as it reaches the higher timeframe strucuture.
Double top formed, and price is resisting the area marked orange. I do believe there will be one more bounce at the bottom of the trend line so take profit could be set lower.
Keep it simple and be one step ahead.
Price has respected the blue trend line perfectly 3 times and on the 3rd it has made a bullish engulfing candle stick. If you look at the 1hr time frame the price has made a flag and this could be the entry i wanted.
I had a nice opportunity to enter at the reentry into this big bullish channel and currently I am running nice profit.
There are two resistances ahead and some more if we go all the way to the red channel, red upper line is visible in this graph.
I will edit my TPs accordingly to price action.
KAZ Minerals is a stock that gave us good profit in the bull run from 2016 to 2018. This was a stock that went through excellent periods of trend followed by extended periods of consolidation. That is just the nature of this stock but one that can deliver very good profit if given the time to develop.
We were stopped out of all our long positions in the pullback...
Aussie moves in trend a lot of the time. It moves between solid support & resistance levels. The price currently as of 22/09/17 is half way between a support and resistance zone. It has hit resistance and now on its way down to support. 1:2 risk reward. Heavy USD news on Tuesday and Wednesday could affect the pair.
Britain has been doing terrible since it's issued article 50 of the Lisbon Treaty for it to leave the European Union, from there the country has been unstable economically, but the banks were preserved with this information and that caused the GBP to recover for a bit, on Thursday we've had fundamentals released by the bank of England which confirmed Britain has...
support on 114.350 formed double top, divergence spotted on stoc (9,3,3), signal shape candle is forming, once the candlestick closed and confirmed as a signal candle, target short to fibo 50% and 38.2% current price is at 113.933