Look at this Market.. ok ok.. it doenst matter which market, but this is gone wild for the last couple of months.. perfect market cycle.. even foconacci Extension was working.. =) So lets crack da Nuts..: Whats going on and on and on - every market every TimeFrame: 1. Accumulation 2. First Pump 3. Accumulation 4. Second Pump 5. Accumulation 6. Third Pump 7....
USDCAD has had 9 Straight days of Advance and has been VERY Bullish. It's currently in a nice Rising Channel. The Balance Area at the highs looks like Distribution to me. A lot of times this is a "topping pattern". So, I'm waiting for a Break & Close out of the Balance Area (Yellow Box) and will enter a short position. Stops - Will be 1 ATR above the Breakdown...
Trendlines are coming from 6-8 months past. I really don't expect any price above 1,1060 band (+-20pips) That would be the perfect short point. Double the short if we see 1,1060. I'm not sure how fast we gonna see the 1,0480 band. So i draw them based on historical trendlines.I don't think it would be faster than this. We are at the end of the short trend i...
As you guys might know fiber is consolidating on the daily chart. While this is interesting, it's not too important. The important part is knowing where prices will head for next. And to me it looks like the marketmakers have left behind a clue. I compared fiber to DXY and I found the following: VS As you can see EUR/USD made a low on december 7th, and...
New Years eve 2015 prediction for 2016 Through 2015 we experienced minor liftoff, but this has already ended and come to a standstill. We are now in a bigger correction/retracement of the little growth we sustained. Although time is an irrelevant factor, I'd say we have around 7 months to go before this corrective phase is over. I'm expecting a buy range in...
USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...
After breakout of monthly high this pair consolidating first time so short term downside momentum possible at least to test broken monthly high. If that one fails next stronger support can be see at daily trend line 2015/09/29 low and 201510/30 low. Setup invalidates if recent consolidation will be broken.
USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.
Great Volume, RSI Divergence and a Crab Pattern. Could be a sign of Accumulation! The Risk/Reward is quite good!
The iShares MSCI Mexico Capped ETF has sustained its longest move above the 50-day EMA since September (prior to breakdown). If EWW is able to close above the 2015 resistance level at $60.50, look for a continuation to the $63-$65 area in the next 1-3 months. An initial stop loss on a stock position can be placed under $58. Option traders can consider buying the...
The accumulation is actually up, which hopefully means people are buying at this level, establishing a new support. I'm not jazzed about a $330-350 support level, but it's better than not knowing where the floor is at. Still, my miners are shut down, until it's cool enough to use them for heating, or BTC goes above $400 again.
I'm out. We pierced the only support that mattered. Watch out for sharks... the whales have left the building. And once again, they say, thank you for your buy support as they sold off their bags of holding. Here that noise? It's the sound of an overinflated, no-intrinsic-value ponzi, deflating. It's even dropping as I'm writing this...
Based on the literal description of Ponzi scheme... you can basically say that any IPO is a ponzi. The first in, get the biggest profits because they sell to the last in, that are the bagholders. Those millionaires and billionaires sure do thank you, the commoners, from the bottom of their greedy black hearts! 'Murica
After 2-months range was resolved to downside, Gold was sold off aggressively from $1,300 to $1,240 where it found support. With wide, ignited, green candle 3-days consolidations resistance at $1,248 was broken and now gold is showing some commitment and building nice upper-level base in front of local resistance at $1,257.5. Break above could attract more dip...