Last week was the low volume ones aka Price Action was uber unreliable. I am "slightly bearish" just because of the PA. BUT, Bull may attack back as long as 106x level still holds...
Dow Jones ends the year with slight bearish note. We will be having first NFP of 2015 next week. So, I expect a pretty volatile week. I am Bearish on the index with 17880 as upper resistance, and we will have resistance again at 17040 level Resistant: 17880, 18050, 18270 Support: 17040, 16353, 15807
Remember the Long call I made on Oil 10 days ago, I hope your are doing well by done.. To move forward, I see the possible extension recovery on Oil, $39.30 is on tough level crack and I see Bear pressure at that level. I am Bullish on the pair...and going Long is still the better bet. Resistant: $39.30, $40.23, $43 Support: $34.16 blog.sonicrsystem.com
This index just failed to break 17030 level, which is the bad news for Bearish traders. Last week and next week, market will be pretty unreliable with the thin trading during the holiday week. I am Only Slightly Bearish on this pair as Bull and Bear have pretty even percentage of winning. And we had lots of Smart Money's possible heavy buying near 15800 ...
Did you follow my start-to-Bullish call on XAU/USD (Gold Spot), last week? I hope you make $$ from it (read it in link below for my last week analysis) Looking Forward, I reckon the Bullishness to continue. Tweezer bottom ($1050 level) is acting as support for advancement. Nonetheless, we have yet to see Higher Low (HL) in the wave analysis.. So, this pairs is...
Did you follow my start-to-bearish call on USD/CAD, last week? I hope you make $$ from it (read it in link below for my last week analysis) Mkt has a pullback(mild one) as expected. In coming week, we will have thin trading as it is holiday week, I am Bearish on this pair. Going Short on this pair is the better bet for now. Support Level: 1.3718 and...
1. PA in weekly is Still Bearish, but with long possible bullish wick. 2. Wave Analysis is still in lower high.. Trend is still Bear. 3. Support an Resistance wise, Slight Bullish. IMO, late to short but kinda early to long for me,, Cheers Sonic
1. As long as the price is not above 1.415x 2. Better to bring trend on your side (Wait for PA becomes Bearish) 3. Sell with small lot as it is counter trend. We may see 1.342x again Sonic
USD rate hike as expected, and now we are kinda in the different ball game now. In TA, I am seeing UC0.00% is being extended too fast too furious rise of this pair and it is obviously due for correction from 1.400x level. In Weekly TF, it was such as Bullish Bar, that means Bull are still in control, so Shortist have to be nimble and go with small lot as trend...
To create a major up trend you need to see the extremes of this process at work. (Volume spread analysis) Here we have a potential succesful test where major players test the water to see if there is any supply before they will initiate a big move. Besides that, we have a potential Dragon Pattern with a Bullish RSI Divergence and we can almost call it a bullish RSI BAMM
While testing with different Volatility BAND's within my PRICE/VolumePressure Indicators, it's funny how patterns come to live... Here at Monthly TOP's..! :D
1 - This is an effort to rise, but next candle is down. Not much result from the effort 2 - Narrow bar on new high and increasing volume: buyers are finding sellers up here 3 - Here we find support since the bar is narrow, volume increases and next candle is up 4 - Again, the effort doesn't produce a result and price falls, but the candle closes off the lows. This...
I bought United States Steel yesterday @24.99. Although yesterday's close confirms the test, the volume is low so the stock could rest again, but the background seems in favour of higher prices. Detailed analysis: 1 - A sign of accumulation: high volume candle with a narrow spread that touches new lows but closes on its highs. The next candle closes lower and...
1 - Long spread candle on high volume that closes slightly off its lows, but the next candle is up on increasing volume. Notice also that the next candle touches new lows. Accumulation starts here 2 - A low volume narrow spread candle: lack of demand 3 - Again a high spread candle on high volume, the next candle touches new lows but closes higher: another...
1/2/3 - Accumulation signs: down bar on increasing volume that close off their lows 4 - Strong sign of strength: after a series of tight closures on high volume, this candle touches new lows but demand enters and the candle closes up on ultra high volume. Next candle closes higher and confirms that the volume was buying activity 5 - Effort to rise candle on ultra...
Be careful: this is a low cap stock and the analysis below is purely technical. Please check fundamentals of the company. 1 - After a period of accumulation (high volume on down candle but little downswing and tight closures), we have an up-thrust on ultra high volume that closes on its low but next candle is up on high volume: supply/demand dynamic is changing...
1 - Sign of strength: Ultra high volume on down bar that close in the middle and the next candle is up 2 - Lack of selling pressure (very low volume on down candle) 3 - Long spread candle on high volume that closes near its highs: effort to rise 4 - Sign of weakness: ultra high volume candle that closes off its highs and the next candle is down. There still are...
The behaviour of the index suggests a bullish bias. Good time to look for long entries on single stocks.