Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
Short continuation is highly possible. The price has retested it's resistance area and is closed an engulfing day after a spinning top. Critical Stop loss for a short entry is above 1.3000 level Price is moving towards the support are which is also a Gartley potential target. So selling with a target at around 1.1050 Turning to 1 hr chart I will wait for a...
WTI Oil recently broke down into the 10-year downtrend by falling below 1st standard deviation from 10-year mean (120 month), and confirmed it by holding the test of the level (now at 56.5) As long as price holds below the level among expanding volatility (marked by 3.2 standard deviations from the mean), risk of lower prices persists.
During the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92. On short term basis, the price managed to hold 1-year ascending channel (marked...
This is my MONTHLY VIEW on NAS100 What we see is normal. First of all we have to look what is happening around the world. German stock market has fallen 18% from the top. World MSCI emerging markets stock index movements in the measurement of this month, has fallen by nearly 10%. This may be the emerging markets worst August since 1998. These markets have lost...
A clear signal has been formed during the last week, so I will look for a short opportunities during the intraday price action.