faris.makki

faris.makki Updated 

Strong resistance in the 1 day chart triangle + pre-brexit high resistance. + Overbought conditions.price breaks the up trend hold on. + Bearish US jobs data. watch out for Q.E. threats and government intervention along the way. TP will vary based on when the trend line is breached, and condition of technicals after breach of course conditions of technicals....

faris.makki

I think the market is bound to bounce a little as buyers try to get in for a reversal + oversold conditions. Weak fundamentals + strong resistance will probably shutdown the bull run, and send oil down for the 5th wave to the next level. We'll see how this one plays out and if there any surprises along the way

faris.makki Updated 

Strong support. at red line. Watch for positive divergence and buy at support $1310. If you would like to buy the breakout (not at support), don't rush it if it breaks out, wait for consolidation then buy.

faris.makki Updated 

overbought conditions. Short until fib retracement 0.618

faris.makki

Positive Divergence + oversold, go long at strong support 43.38 (Entry) with SL (42.6) and Profit call (45.6)

faris.makki Updated 

Closed long position at 1329. Will buy back more if price pulls back (fibonacci retracement + oversold rsi 14)

faris.makki Updated 

Overbought S&P500 + negative divergence. Declining volume with head and shoulders forming.

faris.makki Updated 

Strong support. May print positive divergence

faris.makki Updated 

Negative divergence printed price could break uptrend before the price near pre-brexit levels, where profit calls are likely to be hit. It could break before it, but there is considerable momentum and therefore it's best to wait a little long and short higher. Around 10,150 points. Good luck

faris.makki Updated 

I have reason to believe that S&P is extremely overbought, and the price does not accurately or efficiently reflect the actual situation of the markets, especially with the BREXIT and the immediate and future consequences and uncertainty that come with. Besides this, profit taking is likely to occur at such a high area (all-time high), which could trigger some...

faris.makki Updated 

I think markets overreacted to the inventories report. Strong support at this level. I have reason to believe will go sideways (between 45.9 - 50.4) until August where a dramatic decline in prices is expected.

faris.makki Updated 

Could possibly retrace, then bounce back up and form double top

faris.makki Updated 

I generally think it's a not a good idea to "short gold" but when a small opportunity such as this presents itself, I cannot resist taking it. I think think it could correct even lower than $1350, however, it would make the risk of trade much greater which is not worth it. Good luck