Next week will def. be one of the most important ones this quarter. Acc. to the majority of analysts, Draghi will launch big scale ECB QE. But before this event (thursday) I think we are likely to see a smaller pullback especially considering the SNB decision earlier this week, which caused turmoil on the markets. We don't know the full impact of this event yet....
- Heavy volatility - Shorts seem to have won short term - Bulls need some (very) good news to keep on and this may happen when Mr. Draghi and the ECB makes the official QE announcement this month? - The reaction from the markets could from my point of view actually be the opposite - that the market tumbles down despite the above mentioned QE - Earnings season in...
There has truly been fantastic gains on this one, but I'm on the short side for now. Scaling in, tight stop and gl...
...and best support zones like it was nothing, but the 1980-level will definitely be a interesting place to look for and there are some similarities with the October-crash. I don't believe in stocks right now, but the leading index' have already taking some hard hits. So the strategy will be to look for at smaller bounce of 1-2% and then continuation signs to the...
Short term upside may be on the way for the hard hit AUDUSD
Twitter should be played in case of a positive breakout in what seems to be an ending diagonal. Keep in mind the risk of breaking to the downside in order to extend the wave. Short term I'm neutral/bearish on this.
The Christmas(-rally) came early this year, and it is likely that we will see some weakness and consolidation towards the new years eve. RSI has hit 80+ and we touched a 1.27% fib resistance. The former top at around 2.015 $ will as our first target be the next support zone. From there we will have to see what the market tell us. @LucrumTrading
If PEIX starts to fade in the 15.6 area then this trade has a good risk/reward. Not sure if we can break the neckline though and therefore my prediction is quiet conservative. Alternatively it goes all the way up to the other shoulder at around 18. (The second stop loss is an error - should be taken at same level)
Despite the current bull rally in Tesla I see a great opportunity for a short position in 262-264 area. This area is previous resistance and would also be 61,8% retrace of the earlier AB movement. Before going short we will need to see a clear reverse candle stick. Loss is limited to 271 and profit should be taken 222.30 and/or half size further down at...