Kendrick_Chan

Kendrick_Chan

it broke the wedge making an illusion of an new upward trend it then false broke 10000 and a long-term downward trendline, which should have trapped a lot of people if it continues to break 8000, the wedge will be false broken, which is super bearish never trust any fundamental news about Bitcoin, the whales dominant the price movements

Kendrick_Chan

the strong red bar that broken the wedge a few days ago signaled the start of 1-2-3 pattern at point 3 today, it will be an strong engulfing pattern it is also a false breakout of 1) horizontal resistance, 2) a long-term downward trendline and 3) 50 SMA I have three indices in mind: NASDAQ > SP500 > HSI, and HSI is always the weakest candidate for short ...

Kendrick_Chan

the trend change of crude oil started at 29 Apil, signaled by RSI divergence or RSI failure swing the second green arrow indicates the second long position, which was the buildup of a to-be breaking double bottom an ascending trendline was then formed, which is never broken the price then broke out, half of the profits was taken at the red arrow, by...

Kendrick_Chan

USD predication is anticipated to be bearish, and CAD has high yield crude oil is anticipated to be bullish the descending trendline was false broken for twice the last time confimed with strong engulfing reversal 50 SMA was false broken last time, this time seems for real descending triangle is reliable bearish pattern risk-reward ratio is decent

Kendrick_Chan

followed by the bearish dollar prediction, AUD seems to be one of the high yield currencies to long it holds well by the 20 EMA an ascending channel was formed follwed by the last pullback a 1.8 risk-reward ratio still can be attained for the 1st target

Kendrick_Chan

the broken ascending trendline signled the start of 1-2-3 pattern enfulfing candlestick at point 3 confirming the strong reversal the enfulfing pattern also false breaks a major resistance the 4th times 50 SMA was broken, this time seems real

Kendrick_Chan

In the big picture, S&P 500 showed an engulfing pattern to confirm a false breakout of major resistance then it broke the wedge pattern, and is performing a pullback a double top pattern occured in the pullback and finally it's now the pullback of the double top

Kendrick_Chan

HSI was running a ascending wedge the false breakout of four resistances confleunce resulted a selloff today the golden timing to entry a short position was last Wednesday as I had mentioned now I will the take half of the profit by the end of today and move the stop loss to entry level for breakeven also wait for a pullback (expected in this week)...

Kendrick_Chan

US dollar is weakening favoring commodities Silver is runnig to the end of a symmetric triangle, which is 50-50 up or down but the trend has been upward obviously, so we bias to long the low volatility creates a low risk setup the target is a swing high of previous downtrend, or the ab=cd level

Kendrick_Chan

US dollar seems weakening favour commodites Corn has been a long down trend now it formed a double bottom in 4H chart and making a pre-breakout builup, which is quit bullish adding RSI divergence

Kendrick_Chan

US dollar is weakening money seems flows to AUD, CAD and GBP NZD should be the next to break the wedge, followed by AUD the false breakbout trapped bullish buyers evening star candlestick pattern confirm the reversal

Kendrick_Chan

the index future looks bearish fib retracement 0.618 met engulfing reserval candlestick pattern broke back the resistance and then plunged the wedge, a very bearish pattern

Kendrick_Chan

price has been ranging forming a rectangle it breaks the most upper resistance and immediately close below (expected) the pinbar trapped some bullish breakout buyers setting a good scalping opportunity.

Kendrick_Chan

as mentioned earlier, gold formed a giant inverted head and shoulds a complex traingle pullback is building today, it's likely to close with a pinbar, false breaking the bottom of the triangle then we may long immediately

Kendrick_Chan

see the chart.

Kendrick_Chan

wedge pattern indicates upward force was limited price action suppressed by a major downward trendline false breakout at major resistance level evening star candle stick pattern suggests reversal

Kendrick_Chan

try to long in the pullback

Kendrick_Chan

a trap of bullish breakout buyers may fuse a new downward price action