Oil for the past month has followed a bullish channel. We shall see if this continues coming into this week. As seen below, the circled region represents the 50 day moving average crossing the 200 day MA which is also a bullish signal. All in all, with the events that have occurred over the course of the week, such as the wild fire in the oil rich production town...
Log scale is the critical factor of this analysis.
Very Interesting R/R. A nice gartley pattern inside a triangle. Possible C Wave extension(127.1) to 1741.9. FX:SPX500 Stop Loss above 2117. I would close the trade if a breakout occurs above the top TL. Have a look at my take on the long term outlook in the picture below. Good Luck trading. Regards, JK.
Crude (22.05.2015) traded lower as per our expectation as mention in our previous article, however it fail to reach to $55.70 mark & bounced back with current week inventory support. Now crude is trading around $60 mark & as we can see on charts, crude trying to retest the broken trade line of ascending channel. The bounce was supported by volume as well as...
Here we have a daily chart setup of the Euro against the US Dollar. The pair is trending in a downtrend so we will be looking for shorts. Confirmation of the downtrend is price currently trending below the 200MA. You can see rejection off of the downtrend-line. At that rejection point you can also see a bearish Evening Star pattern formation followed by a pullback...
We flipped from a deep red to green today on decent volume. I imagine we gap up tomorrow and test somewhere halfway up yesterday's (March 25th) candle which will decide if we continue higher or lower. Don't be surprised to see more sideways action in the form of a falling wedge or flag over the coming days or weeks. IF we gap down tomorrow then the 150dema is on...
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again. Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...
Gold (23.03.2015) moved higher as mention in our last article just around swiss gold referendum & posted a higher above $1300 mark. However it felt sharply & reached to the previous bottom around $1138. Now gold showing recovery from previous bottom level & also broken from a shot term descending channel as shown in picture. However this breakout is not...
1. Price initially consolidated within a large triangle and eventually broke out 2. Price rallied towards 127.2% and in the process formed a rising wedge 3. Price often reverses from 127.2% back to 100% (You check my past trade ideas with flags to notice this common occurrence) 4. Price then forms a bearish flag at the 100% 5. A break out to the downside will see...
Crude (10.03.2015) fall more than 60% in last 6 months & now consolidating in tight range , probably looking for another big move. Crude is trading around $50.80 & as we can see on charts it is trapped in a range & producing a symmetrical triangle pattern. Generally these patterns appear before a big move & provide a either side breakout in 50-75% length range....
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader
On $GBPAUD we have a daily 3 Drives pattern (bearish). The setup was sent to the members last week and it has already generated 400 pips on its initial swing low (from 2.0 to 1.96). This week, the members received another setup, based on hourly harmonic pattern that was used to trigger another bearish trade based on our longer term bearish pattern. This trade...
Sometime, you don't have to use advanced patterns and fancy indicators. Simple structure analysis can make you profitable if you know how to trade it. This Elite Zone's structure based setup scored 100 pips today. Elite Zone members received trading ideas which generated close to 1000 pips this week, not including this one. If you like what you see, why don't...
Earnings season can be quite frustrating but with BAH we only have to wait for today's session to close before we can reassess it's worth. The earnings announcement is due before the markets open. This stock hasn't been trading very long, so is not one I would normally consider. Volume is also low so for that reason I will most probably rule it out - for now....
ENH is not the best looking chart to trade right now but there's a textbook Cup and Handle forming on the weekly chart. Price just need to break the January high of $58.83 to confirm this chart pattern. Normally a cup and handle is tradable on the breakout but this one has taken almost a year to form so it may be advisable to wait a little longer - rather than...
See our original blog post published before the start of trading on 10/3: www.syncubate.com $89 seems to have been the line in the sand as a near-term resistance for GPRO on the daily chart after the breakdown in price on 10/2. Price action analysis of the daily versus 30 min chart: 1. Notice how the stock attempted a rebound towards the $89 level on 10/2 after...