Please first check the tagged chart "The Dow - Divergence analysis". You can see there the reliability of all these bearish divergences. On this chart, only the latest divergences are labeled. I am short since Monday on the US stock market and major global markets, and now the weekly confirms my bearish bias, with a very ugly pattern. First of all, price...
Considering I am short major global markets, I searched for weak stocks. KO looks weak for a number of reasons : 1 - Look how it rejects the 39$ level, forming a triple top. Yesterday there was a false breakout over this level. 2 - Look at the MACD histogram, how bulls get weaker with every attempt to break over 39$. 3 - Force Index, which includes volume, has...
Update : It was a delay problem, volume is 6 milion so the chart is pointless. This is more of a personal chart. There's no trade ideea, just a chart that maybe I'll want to look at in the future.
Here is the main idea This is a chart showing how I managed the trade until now. I wanted to post this chart because I don't usually add to positions, but this time I did. I still hold my bullish bias. 1 - 1.05982 - Entered because of the double bottom pattern 2 - 1.07005 - Added because price returned to value on H4, and formed a doji on the daily 3 -...
Japan offers a different bet, when compared to US, Europe and Australia. The Nikkei has been in good correlation with the US market, but when the US market reached previous highs, Japanese market only retested a broken support, current resistance (15000 area) . This shows that Japan has become weaker than the US. Look at the bottom indicator, correlation...
This is the third market where I see signs of a top. I still hold a bearish bias on Austrlia and England from their weekly charts (both are posted here on TV). As I said on the chart, it's important to understand that these are not separate trades, they all go together. Either they all work, or they fail. Holding a short in France and Europe is the same thing,...
As I said in the Dow analysis I posted yesterday, every major market shows signs of a top. Europe has a triple top with double bearish divergence. I will watch for a fall to around 2970, in the first place. I see major support at 2850 - 2900 area. Tripple top target is around 2720 but that is very far away. Check out the volume pattern, how it diverges from...
Let me start by saying that the fundamental analyst that I follow closely sees further upside on the global markets, including US. This of course takes away my confidence in the bearish bias I have, but I can't completely ignore the obvious technical signals. Divergences on the Dow work almost perfectly, both on weekly and daily. I have published divergence...
Coffee has gone to the sky since the beginning of february, almost 100%. After such explosions, corrections are good places to go with the trend. Of course, I don't know if Coffee will continue up, nobody knows, but a bet now is very attractive, as coffee returned to value (EMAs). I noticed that during strong uptrends, small double bottoms are perfect places to...
I don't really watch commodities, so this is something new for me. There are many ways to call the pattern in this chart. One could say it is a descending triangle, or a tripple bottom, or a double bottom...so i'll not give it a name, I am just going to explain what I see. Most imporant, I see a round level at 3000, acting as a great support. It has been broken...
It's hard not te be impressed by this wonderful uptrend, even harder to resist not jumping in. I'm glad I didn't do it until now, though I was tempted. I believe the time has come to try and profit from what may be the last push up. We must first consider market conditions. The tech index, Nasdaq 100 recently dropped a lot, and it looks like it reversead today....
Please zoom in a bit, it might be hard to see. If you have a look at the weekly chart you will see what a great downtrend this is. The best way to profit from a downtrend like this is to swing trade on positive corrections. Analysing closely, I have spotted that every leg up or down gave a combination of warning signals in advance. Each pattern is labeled so I...
Amazon has corrected last weeks, and has drawn a H&S pattern. If it closes like this, I consider the H&S pattern invalidated. The histogram has a bullish divergence, bear power decreased on the second corrective leg. MACD lines have a class B bullish divergence. Correction ended at a fib cluster. First target is the previous high, right shoulder, and 61.8% fib of...
I don't really pay attention to Elliott waves when analyzing a stock because they are too subjective. You can find a pattern in everything, and when it goes wrong, you blame yourself for counting wrong, and change it into another Elliott pattern and so on. But here it looks to good not to point out. I believe that Facebook is going to continue upwards, that is...
I have been watching DDD for a very long time, looking for a good spot to go long in this growing bussines. I believe that there is a buy signal right now. The only problem with it are the general market (stock market) conditions, which right now are unclear, at least for me. If there would be a clear long signal on the Dow or the S&P, I would buy a larger...
This is more of a personal chart, I just want it saved. I'm not saying it's the end of the stock market or anything, it's just food for thought and I want to have it saved, so I'll look at it when I'm feeling extra bullish.
A few weeks ago I made a stupid mistake by buying Delta right at the top. After examening my mistake I realised that Delta should be bought on corrections, as it always retraces to previous resistance levels. When close to support (ex resistance), and close to the EMA wave, I watched for patterns that signal the correction is over. As labeled on the chart, there...
Out of all the double bottoms I posted recently, this is the trade that seems most unlikely (I explained why on the chart). I decided to post this even if I'm not that confident because the divergence is obivious and we had a gap up at the open. My stop is under the last low at 30.40$ and my first target is at 34$ round level, at previous resistance and 50% fib....