This is my first attempt to predict points and time using fibonacci proportions of them and Gann Angles; American stock markets just pop up from a 5 days bull flag. I expect points to move about 1.4% untill next tuesday, July 21.
FTSE's bearish break from the rising wedge pattern amid overbought conditions suggests a technical correction to weekly 5-MA of 6530 could be seen over the next few days. On the other hand, an hourly closing above 6743 would put bearish view at risk, although bearish invalidation is seen only if prices see a day end closing above 6743.4. In such a case, the...
Price comes to the 1st possible reversal zone. We have a strong resistance level 4700 and up Bollinger Band on weekly chart. We have to wait for a bearish candle, confirmation from RSI. Only after that it will be possible to think about entry levels for short trades on the daily and hourly charts. MACD falls and it's a signal that resistance level will be able to...
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
Aussie is amazing these days , It shows very nice trading opportunities. A lot of people are trapped here however. No reason to sell this pair for now. It can be sold only higher. We are on Major levels which show us strength. I currenthly anticipate higher prices next month . I'm waiting for more confirmation from Monthly close , If needed I will wait for Weekly...
If this game was baseball, three strikes would mean you're out. Could this be the start of a third wave of devaluation in the Chinese Yuan? Each time the Chinese Yuan devalues it just happens to coincide with a massive selloff in the SPX. 2015 was the first time that China reduced its stake in Treasuries on an annual basis in an attempt to support the yuan and...
Could this bear party be just getting started? On Friday the NYSE down volume or DVOL rose to it's highest since 2011 And this is likely just the first day of a larger selloff. Whats your thoughts ? Please comment!
Around very very important level. From this moment price can move higher/lower/sideways. A lof of indecision however I will watch for more bearish signs before entering.
ABCD down pattern; i could be a more optimistic, but think this target shown at chart above is conservative and safe.
Investing.com provides average year end forecast of 18050 for the DJIA based on the April poll of 25 analysts. How realistic is this target? The DJIA is currently trading at about 19x trailing earnings while the historical average of 15 is about 20% lower at around 14000 range. The market lows of last August and January of 15500 range was around 16.6 x trailing...
Pullback on SPX500, target at 2100
The SPX has been up and down more than a yo yo over the past year. Should traders and investors expect more of the same going forward? What's next for the SPX? The index has enjoyed a solid run up to this point since February lows gaining over 16%. In early May the 50/200 moving average 'golden cross' gave a bullish signal. Backtests show the 'golden cross' 4/5...
According to investing.com, the average of 27 analysts polled in April shows year end target forecast of 13550. Weekly RSI is approaching 60, with the upper weekly bollinger band starting to level off. Technically the chart appears to indicate the price trend is now towards the upper side of the trading range and offering a less attractive 'risk-reward' ratio...
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
-Structure LH´s and LL´s -ABCD in play -Overall uptrend if we look at the weekly chart -Arrows show what could happen I see this big move to the down as a major retracement for the weekly chart.
Hi guys, This is my first post regarding any indices or stocks as I was performing some back-testing of pattern formations on them. This is a bearish CYPHER pattern @ 10014 and stop loss will be placed above the X leg which we use as good resistance in this case. Targets will be at the 38.2% and 61.8% retracement levels. IF/WHEN first targets are met, half of...