Pattern: 1D Ascending Triangle.
Signal: (A) Bullish if the 4H MA200 breaks or (B) if the 4H Support holds within the pattern.
Target: (A) 3010 and (B) 2930.
Use this as a guide to identifying the most important technical areas on the chart
Main Items we see on the Daily Chart:
a)The Main Structure is an expanding Triangle, using Elliott Wave Theory we can say that an E wave is remaining (short output using Elliott)
b)The Bullish trendline of the last movement is broken, and currently, we have a structure finding...
That's it guys, just to show how beautiful the things can be!
LTC is in the the Heaven now!
The question is, for how long the gods will allow and forgive these sins!
Price has broken out of consolidation after forming a double top and bouncing off the 200EMA. Waiting for a close below the 8 and 50EMA to lead the path further down for the asset to retest its previous lows.
Pattern: Channel Up on 1W.
Signal: Bullish as last week's Higher Low rebound pulled back to the 0.382 - 0.5 Fibonacci retracement zone.
Target: 3020 (just below the 1W Resistance).
Watching a volatile week, S&P 500 is expected to continue its bullish trend ahead. The price seems to be within a predictable channel. Indicators like MACD and Stochastic are indicating a bullish movement. However, one should be watchful in the 2902-2934 price zone. If the bears could drag the price below 2900 - a further drop can be witnessed.
The price bounced many times from Support/Resistance Zone.
It will be good entry point near this Zone.
Potential profit will be in 5 times bigger than risk.
Trade Idea
The rally has posted an exhaustion count on the weekly chart.
Broke the sequence of 6 negative daily performances.
The overnight rally has been sold into and there is scope for further bearish pressure going into this morning.
A break of bespoke support at 2799, and the move lower is already underway.
The bias remains mildly bullish but there is scope...
The index has just made a Higher Low within the 1W Channel Up (RSI = 47.048, MACD = 40.350) and technically appears to be ready to rise again. Since March the 2,728 level has provided Support every time the 1D MA200 was crossed (marginally) so consider this 1W Support the limit. The Higher High sequence is projected to be completed around 3,080, which is our...
SERIES FINALE ; Episode 11/11 : US (SPX) Sectors Technical Analysis Series - 31st of July 2019 (4 Minute Read)
Since this is the Series Finale I will try to holistically summarize the whole series of 11 Episodes on all the US sectors.
The essential notes from this chart are the following(also included in the comments) :
1 . Compared to the previous...
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan ( CNY ). Russian equities and the Russian ruble (RUB). And also JPY and Gold.
Recovery from the 2019 May dip in global equities markets from the hard work of Communists (current and ex)... ? China equities and the Chinese government actions on the Chinese yuan (CNY). Russian equities and the Russian ruble (RUB).
