There was low volume since it since like people are not that excited to move the price around the night before the fed hike D-Day. Here are my set ups for tomorrow. Got some extra $DUST and $JDST today on the dips that occurred today. I will expect lower volume tomorrow prior to the release/Yellen Speach. Stay ...
During the Asian Market, if gold is able to break the blue barriers at 1167.40 it till continue in the red down channel. If it is able to use it as a support it can return and retest 1170 mark. if bear continues to go past the first blue, see anther blue support at 1163.40 which it had difficulty in the past. Keep ...
Expect to see a bigger fall if bears can bring the gold price to cross the 1172 threshold marked in red line.
If somehow the bulls are able to bring it back up to 1176, it can trend up to 1180 (next resistance level).
THe odds are on your side if you are following the bear train.
Safe trading y'all~
The gold bulls will try to bring the price back up to 1170. Buying up every dip in the yellow box. However, Bears also have a plan of their own. They will be striving for their next goal which is the support of 1165/1160.
The fight/focus area is the yellow box.
Bull will try their best to retake the new resistance of 1170.
Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days.
I have been following IESC for awhile. Due to other activities and some much needed vacation time I am currently late on a 1/2 Gann Line breakdown 8/30 - 9/6/2016. The retest of 9/30 - 10/3/2016 with a long legged indecision candle at previous resistance and 1/2 Gann Line failure also represents a "box" move.
NVDA is spiking extremely up. Almost reaching Max profit PT. Standard error of possible profit max target is the green rectangle. Possible setup for a short solely based on technical alone. Short at Profit Max or after reversal pattern develops. Further fundamental research may be need, forecast is subject to change.
Yesterday Marin Software Inc. (MRIN) finished its trading day with bulls loosing the fight to the bears. However the former left a big technical mark on the latter. There is a long lower shadow which might prove bullish momentum and reinstate a down gap that happened on May 6th 2016 as a resistance. By means of ...
PRICE ACTION TRADING.
Draw the box, use a support and resistance bars.
Find a PA ( Price Action ) reversal pattern.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
My view on the GBPJY pair. I believe we'll see drop further down towards the 0.618 fib level @ 158.45 before surging upwards again. This would complete an ABCD wave reach the previous structures their highs and reaching the top of the box. I believe this will be a good point to short the GJ all the way down to the ...