A few weeks ago we got a bearish engulfing on Gamestop that too back over two weeks worth of gains we also closed below significant bullish volume on the daily and now price seems to be stuck under the 0.786; I fully expect to see Gamestop make a significant down move from here especially as the initial hype for the new consoles die down.
AUDUSD currently making contact with a downsloping resistance this is likely the last chance to get a lower risk short entry on this pair for awhile. Stop would be put above the last high above the blue line and TP will be a lvl of your choice.
This an additional update on the DXY Bullish 3 dives pattern I posted several weeks ago; It would seem that Not only has DXY Bounced from the PCZ of the 3 dives pattern but has also broken a it's equidistant channel and has broken out of a falling wedge visible only on the daily and weekly charts with triple MACD Daily Bullish Divergence!
I'll leave all my...
After a huge retrace down; DMS is showing triple MACD and RSI Bullish Divergence on the Daily.
I would fully expect to see it bounce from here and possibly test it's last high and maybe beyond.
My stop will be below it's lowest low.
MCD forming daily bearish divergence on all the indicators i have on my chart along with having a daily shooting star reversal candle and is currently below the contracting channel I have plotted; I think this has atleast a decent amount to go down from here.
We should be reaching the PCZ of a bullish ba pattern very soon. You could either wait for us to hit it or enter now as we are very close and don't get a big harmonic like this very often,
Stop below X and TP at the 0.618 retrace.