- Prices have been evolving below a bearish trendline, registering lower highs but no significant new market bottoms since May 2011. The long-term trend is then neutral.
- However, even though prices have still been consolidating laterally over the last year, they also managed to clear their bearish trendline by successfully rebounding multiple times over...
Wish I had posted this sooner, the wick on 6th Oct at 18:00 gave a perfect sign for a break and retest of the bearish trendline found on the Daily.
This has been broken and retested, this move may be dragged out as it is a Monday and Bank Holiday for USD/CAD so there will not be much volume.
The above resistance has been rejected once after the break of the...
NYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast.
The report will be published after the market closes.
Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share...
Following my previous gold chart
I would hope for a retest of $1950 before a dump until after the election, after a propped up economy ($) helps re-elect DJT.
We have a nice Elliot wave in play with a break of support now turned resistance and with a fib retracement from the...
- The market has been trading inside a bullish channel since end of May 2020, the long-term trend is then bullish.
- After having traded in the upper part of its bullish channel, the market registered a break-out of its mid-term bullish trendline (dotted), leading prices back to the lower band of the long-term bullish channel. Since then, prices have...
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do.
If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below.
Lets see what PA develops at the start of October 🤞
Using all the price action we have on gold we are at the peak of a bullish channel that goes all the way back to the beginning of PA.
Should we continue to see bearish price action whilst trump props up the $ for re-election it would make sense for this scenario to occur.
This would cause everyone to have a huge sell off on all markets, I think.
We would then...
we have a great breaking of the rectangle wich mean the market will go to the resistance (1) . so if the market breaks the first resistance (the target) it will go down to the resistance number (2) . So if you have a suggestion or advice leave it in the comments . and if you like my analysis break the 'Like' button s
if the market breaks the resistance of the rectangle it will rise or , if it breaks the support of rectangle the market will go down .
So if you have a suggestion or advice, leave it in the comments And if you like my analysis, break the Like button
This is just an idea of my outlook on audnzd. It had a bull run recently and a major pullback is long overdue. It broke downwards at a consolidation range and retested the support(Now resistance) and is looking itll go back down.
After the coronovirus outbreak and lockdown, this Cinema stock has lost almost 80% of its value and has found its support at 6-7$ per share. Additionally note that the price has just broken and rejected the 50 Moving Average as confirmation for a long entry. This is a massive long term opportunity, the company financials appear to be solid with constant growth and...
Still holding this... one of the more longer term trades we still have open but we continue to hold... This trade has now been running for 31 days, running over 600 pips in profit at a Risk to Reward of 1:16!!!
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are...