GBPUSD has formed two bearish harmonic patterns after breaking out of a symmetrical triangle. Will be looking for possible decline. This is for my self education purposes, not likely to trade this trade as I don't at the moment hold my positions overnight and rather scalp intraday instead. But as I am always curious about various market assessment methods and...
Looking at the charts for Lumber Futures, I was originally upset that I missed the absolutely insane rally in Lumber going back to the start of 2016. However, no use in getting pissed about the past, let's focus on the present. Lumber just formed a double top with price around 400 going back to 2013. I am waiting for confirmation of a bearish reaction to the...
Silver seems to be forming a topping structure, there is a major supply zone around 18.40, if price can close below the trend line i would be short to around the next trend/200EMA. The RSI is also losing momentum and showing a divergence with price. Weaker than expected NFP could be the catalyst needed here.
My analysis indicate that we are forming a top in the stock markets.
Here's a look at a "mega" weekly pitchfork and major price pivots. The way I drew it, price has recently reacted to the median line, with highs reaching just above the 0.625 pitchfork level (each line is a 0.125 increment of a pitchfork). Of course, this isn't really a valid pitchfork, since prices have never reached the 1.0 level in the first place to create...
We have three head and shoulders patterns nestled within one another like Russian dolls. The first two patterns are now confirmed and have played out, and now a return to the neckline number 2 (yellow line) will give a good short entry for us to aim to break the third neckline (green) and continue a correction of the rise since mid February. If that third...
As I've said before. Volume divergence is the mark of a weak market movement. Smart money is not buying right now. The peaks of volume have coincided with selling from levels like the one we're currently at, so we should see more of that to come. The price in the last rally and today has gone up on the lowest level of volume we've seen in months. Down it goes
Rest of hope in the Markets similar to 1994, but now we have not the positive divergencies as in 1984. Today some divergencies are visible but not so powerful. Comparable divergencies in 2000 and 2008 downstream had only short term influence. And in the last indicator you can see the missing link, no action in 1984 but in 2000, 2008 and today.....
With all the ETH madness going on last week it follows the classic altcoin bubble cycle pattern. we have seen many coins doing this kind of cycle like DRK and LTC. be careful buying eth here because if history repeats u will get rekt buying the top here.
USDJPY has rallied into a quarterly resistance trend line, forming a Head and Shoulder (H&S) pattern on the weekly chart. I have sold short USDJPY in anticipation of it having formed a current high and moving lower in the near future. I also expect to pyramid this instrument to the short side should my market timing prove to be correct. There are two price...
I do not find price action as impulsive long so I think we will deop, soon.. Good trading!
EU troll about to top... Finally! Doom erversal will be EPIC!
A small trade possibility. Market pretended to breakout here on very weak volume at strong resistance. and will probably retest the last higher low and may go lower.
S&P gonna be during months till summer of 2015 without a trend as happened a few years ago.
Bund is trading in ascending channel and topped last week @148.76 by touching the top boundary. The 113ext of previous high could present a short-term res. or perhaps, a longer-term res.
NZDUSD has turned over after being extended to the upside , and a near term possibility is laid out below. Tripple top can be seen in the chart with rejected Pin bars. www.sz-ventures.com
The SPY made a higher high on the 4th despite a lower stochastic reading, and now that we're going back up again I'm watching the levels to see if we can break through. No real trade off of this just yet, but I'm really curious to see what happens here.