Massive Head and shoulders pattern on Apple, which makes it looks pretty bearish. However, until the neckline is broken... it is just a possible h&s. My personal opinion, which is completely subjective (I do not have any fundamental analysis skills) is that Apple won't go below 90$, and from there it will continue its march higher. However, until 90$, I think a...
Staples has been trending down for a while, and after breaking the strong support at 10$ in December, it slowly grinded its way higher to value, testing the 10$ resistance area and the big break down candle. The force index is overbought, as for entry signals there is a evening star formation while the impulse is blue. Look for at least the previous swing low to...
Weekly chart neutral This is a very simple trade, a double bottom with a 1.5 RR ratio. Bullish engulfing candle, blue impulse, class B bullish divergence.
The weekly chart of this pair shows a bearish divergence on the histogram, price at value, an inverted H&S formation which looks like it is failing, a previously overbought Force Index and blue impulse. All these facts, considering we are in a massive downtrend, makes me want to short. Going on to the daily chart for timing, the setup looks great. There has been...
Alongside Gold, Silver is breaking out. The downtrend seems to be over. I explained my reasoning on the chart, this is a clear breakout that I am going to trade. Every daily retracement should prove a good buying opportunity.
The pair has drawn a very large H&S pattern on the weekly chart, right at a major support that has been the multi decade low (not visible here on Tradingview). It is clear that this pair is going to go higher, the hard part is finding entries with an acceptable RR ratio. Going on to the daily chart, the pair rallied strongly yesterday. I remember looking at the...
It looks like the multi year downtrend has ended for gold. We are now in an uptrend on the weekly chart. Now, all there is left to do is finding entries on the daily chart. After a wonderful rally, Gold got a bit crazy and then showed a class A bearish divergence back in March. Since then, price returned to value where it rejected with a very nice morning star...
The UK stock market has been in a downtrend for some time, along with other global equities (with the exception of the US) After a bullish divergence on the weekly chart, price moved back to value where it appears to be stalling. The impulse is already red, however a weekly close below 6400 would boost my confidence. On the daily chart, there isn't much to talk...
I am bullish on the Yen for the coming months, and GBP looks like the perfect victim. It has been one of the weakest currencies out there, and from what I understand it is vulnerable from a fundamental perspective. Looking at the weekly chart, the pair has not moved up to the Wave, which makes it still pretty oversold, but given the recent weakness, I think a...
The short squeeze in Oil looks like it's over. The Mexican Peso is highly influenced by the price of Oil. On the weekly chart the price stands at value after a huge rally, while the impulse is still red. A blue impulse would be the final confirmation. Going to the daily chart, I see a few patterns that are worth mentioning. After a bearish divergence back in...
I believe that the Yen will appreciate against all major currencies, and that the short squeeze in Oil is over, so it makes sense to short CADJPY. Looking at the weekly chart, I see a clear downtrend that emerged after a wide H&S formation. After a deep fall, price moved back to value where it formed a shooting star. The impulse is still green, which means there...
The Australian Equity market has been going down for some time, both the price action and the 34 EMA Wave point to a downtrend. A bullish divergence with a double bottom and a false breakout pushed price back to value, which is where you want to short. As of Friday's close, the impulse turned red, ending the divergence. Expect 4500 to get tested, stop above the...
Gold has been pretty predictable lately. Every time it went oversold it was time to buy, and every time it moved back to value it was time to sell. Right now we are in oversold condition. Another typical pattern for gold has been retracing 78.6% of the previous high. That is where I want to take profit because although the current pattern looks like a massive...
Everybody is heavily short Oil/Commodities. When everyone has the same opinion, it is pretty obvious what happens right? I am a bull in commodities like Gold, Oil, Copper. Despite mass belief, divergences don't signal trend changes (that is why people say they don't work, because they use them wrong), they signal corrections. Right now there are very strong...
I believe good times are coming for stock markets around the world. The rise in interest rates tomorrow will bring some much needed relief. I am looking for a retest of the previous major high, where a consolidation pattern should act like a magnet for future price. Today's candle looks to me like a clear reversal, an opening and closing marubozu engulfing...
This trade is a bit late, however the risk reward is still favorable, considering how accurate these double bottoms with divergences tend to be. The time to make the best out of this trade was back in the summer in July, before the mini crash in August, or if you were brave enough (not me) right in August. The best trades for me are double bottoms with...
This is one of the pairs that are pretty easy to trade using a double time frame analysis. Right now we are in a multi year uptrend which will probably continue for some time. Looking at the daily, a failed H&S pattern should push this pair at least to the top of the head, however, looking at this trade with a longer term perspective, I would say we will see...
Looking on a weekly chart, it does look like the long lasting downtred has ended and a new uptrend emerged. However, if you look from a fundamental perspective, it is almost impossible to have the same opinion. There is no reason to see a massive surge in the Euro that will last for months, because right now the currency to own is the dollar. On the other hand,...