SHORTING OPPORTUNITY PAIR: USD/CAD TIME-FRAME: 1HR TRADE: OVER-VIEW I haven't done an over-view post before. But here is a very good example of building a case for entry. We have a shorting opportunity with 2 patterns, 1618% fib inversion, AB=CD, Structure, Bearish Trend, Trend Continuation Meets Counter- Trend Trade, Double Top and RSI...
The price has bounced off the last swing's 61.8%, and a signal is now confirmed with 2 days close. However due to the global market bearish tendency, the price can continue it's bearish movement. I'm using the current signal as bullish till 1.11545 is broken down.
During the recent selloff, Apple on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 109, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 92. On short term basis, the price managed to hold 1-year ascending channel (marked...
Summary of last week: Neither side could not take the initiative, which resulted in minimal appreciation of the euro against the dollar. The opening took place at the level of 1.0971, and closing the week slightly higher as at the level of 1.0988. On the one hand, we had information that supported the dollar (the basic contract of fixed assets and records of the...
Silver continue to trade in this symmetrical triangle and a breakout looks imminent. The biased is for further downside and measuring the height of this triangle (as a means for profit taking measurement) will take us south of 14.50 or more. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
We are sitting on a prior consolidation level (230-235). These are the possible outcomes: 235 holds, we break up, inverse H&S resolves, target 280-290 235 breaks resulting in a meassured move down to 180 Last time market retested such a major consolidation level from above, OBV was in a downtrend, thus price continued the downtrend. Rightnow we have a...
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...