Buy higher and sell higher: who dares?
It was an interesting week where the bulls are in extreme control. A lot of shorts has been scared for taking positions, and thus volume is going lower and lower.
TradingEcology is waiting on negative divergence signals on daily timeframe before any short position would be considered. As displayed in the hourly timeframe it is just the other side of the story, as you can detect some positive divergence. It is likely to recorded an up wave towards point D, if the supportzone around 482 will hold. As a first harmo on 482,30 would be a good try to go long under oversold condition, TradingEccology will be a first mover to play on the breakout of 490 (stop squeeze area).
At this moment eur/usd is influencing our beliefs about markets since it is on a major level. For coming days TradingEcology is flexible but long minded to the eur/usd however we detect oppurtunities to short from higher level towards parity.
Those shifts will influence the wave structure of the AEX.
As explained in our year report 2017. The bull market has some time to take price higher.
Best to your trading!
TradingEcology
To trade natural patterns unnaturally perfect
It was an interesting week where the bulls are in extreme control. A lot of shorts has been scared for taking positions, and thus volume is going lower and lower.
TradingEcology is waiting on negative divergence signals on daily timeframe before any short position would be considered. As displayed in the hourly timeframe it is just the other side of the story, as you can detect some positive divergence. It is likely to recorded an up wave towards point D, if the supportzone around 482 will hold. As a first harmo on 482,30 would be a good try to go long under oversold condition, TradingEccology will be a first mover to play on the breakout of 490 (stop squeeze area).
At this moment eur/usd is influencing our beliefs about markets since it is on a major level. For coming days TradingEcology is flexible but long minded to the eur/usd however we detect oppurtunities to short from higher level towards parity.
Those shifts will influence the wave structure of the AEX.
As explained in our year report 2017. The bull market has some time to take price higher.
Best to your trading!
TradingEcology
To trade natural patterns unnaturally perfect