First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The...
Gbp is gonna fall. It is in wrong value in relation to British 2yrs bonds yields. The bearish scenario was also predicted in my previous post analyzing just price action and Gbp index. A poor bullish price action is due to the end of the month. April candle is closing in 1 day and the european national banks trying to push the monthly close somewhat higher as we...
Bearish engulfing is one of the most reliable trading patterns (along with morning star) and in 80 percent cases generates a bearish reversal. Here, bearish candle engulfed 2 previous days what is rather significant. Price usually pulls back to the middle of bearish engulfing pattern before further drop. That is what we observing on Euro index. We also reached...
Hello ! Key points : New trend starting after ABCD pattern First pullback occuring on 50% retracement Volume on uptrend is higher than downtrend Consolidation taking place ABCD Pattern This isn't a quite regular ABCD pattern, even though the time between AB and CD is almost equal (or near). What I look for when trading this pattern, is either the...
My stance remains bearish on BTCUSD due to numerous factors. At any case I would not buy bitcoin below yearly Central Pivot Range. Only above yearly CPR and above yearly A-up. What we saw today on 4 hrs was test of the high, some call it bull trap, stop hunt, false break but it is a test of a high in trend change. Price usually moves 5 to 10 % above the last...
Yearly PP remains an unclosed level, major missed pivot. Price will surely return to it. This is some sort of bump and run reversal. Now we are in run phase. Breakdown confirms the move. DM projection sends price to yearly Cam S3. Look for short setups on minor timeframes. This is no financial advise. Top Absolute Correlation 1 GBPAUD - AUDJPY -80.8% 2 GBPAUD...
Free signal. Bullish setup for USDJPY on 3 hrs timeframe. Target - unclosed weekly pivot levels, horizontal resistance. Recommended exit at 108.649 (last week's classic weekly pivot, a few pips below bcs of spread). This is no financial advise.
Price is likely to trend to top yearly yen value Cam R3. And possibly to classic yearly R1, if supply line at Cam R3 will be broken. Look for bullish setups on 4 hrs. Any bearish setup will be counter trend. Be cautious. Demand line for USD is steep. This pair has no correlation above 70% on weekly. This is no financial advise.
There was a major breakout on daily and 4 hrs chart, the move is not completed. What we are seeing now is a pullback to weekly CPR - monthly S3 value top (that is where DM projection sends it), a short term bearish counter-trend move. From there I would look for a great long setup. Top Absolute Correlation 1 XAUUSD - XAUEUR 97.7% 2 XAUUSD -...
That is how we see it, pretty simple. One can use ATR stop for stops (pretty accurate tool), which is based on average true range (the input can be changed). The broken demand line is more important than descending one (trendline value is measure by the number of consequent highs or lows above the extremums). I saw some of you draw a descending triangle but by TD...
Quite simply put, price is still heavily bearish, and technically we have just seen an intraday break and retest on this trade around the 0.6741 which shorts were triggered. Am expecting further lows towards 0.5600 regions to be tapped. - great risk/reward trade of 1:1.5
volume trend indicates; -75% chance this stocks volume will increase positively starting tomorrow -25% chance this stocks volume will increase negatively starting tomorrow Bar trends indicates; -a short term upward trend -67% chance of increasing in price over the next 10 days -33% chance of decreasing in price over the next 10 days Volume with Bar trends...
ENGLISH: As we may observe in the chart, it clearly indicates EURJPY is about to make a big move down the aisle. The canal in color yellow is being respected, also the tendency line in cyan color is being tested. According to Ichimoku Kinko Hyo it shows we must keep on selling as the red cloud is getting thicker. So does the white line of the Ichimoku indicador,...
Depending on the volatility we can see a short term entrancement back to one of the recent Fibonacci levels.
Price will either bounce off and continue up or break through buy or sell accordingly.
multiple crosses between our 3 major moving averages indicating for entry points. AO and stochastic along with that