Looking now at the chart, we notice there could be a potential retracement to at least the 2070 area within a couple of days.
Price broke down, and is testing and holding near lower Median Line on Modified Schiff
As predicted using the Median Lines, you can see that price has dropped significantly. Look for continued downward pressure to lower Median Line parallel.
NNA has solid fundamentals, but obviously that's not enough these days to mean much in short term trading. Dailys are showing solid bull set up with the indicators. Hourly indicators are a bit mixed. Daily Fib-arc, Bullish Gartley, pitchfork, and pitchfan are showing gradual-immediate bull. I'm in, are you?
Price respected the lower median line and is rising with increased volume aout of the 118 area. Look for a pullback short term, then a break and retest of upper trendline/AR Set high.
Price may be overextended, but wait for some weakness to show before taking new short positions.
I don't trade this index, however the patterns and resistance lines are screaming to be noticed. I am now thinking about getting in the action when the reversal is confirmed. This seems to be a bear that will last several years. Check my other assessment of the Long term view of the EURUSD which seem to confirm this position. The market is likely to rise to 2078...
Head and shoulder will bush price to 16.600
A nice double bottom pattern coupled with a pennant pattern that has been broken to the upside confirms an earlier long term forecast I had made about the EURUSD, that there is no way but up for the currency pair. I have put a conservative target at 1.2300 however I think it is easy to see that this currency pair will continue much further than that to reach even...
A high probability long trade opportunity may arise if the close of this 1 hour candle lands near the lower red and blue lines from the pitchforks. Initial target will be the median line of the blue pitchfork.
I'm seeing a shortterm bull followed by a quick bear move to the pitchfork median below.
Unless we go into an all our recession, I'm pretty sure this stock will keep doing it's own thing (based on beta). With that said, it's looking like over the first few hours on Monday this stock will do some dropping, most likely hitting the 1.618 pitchfan line created on the weekly and overlaid on the larger pitchfork. The area of the 1.618 is very close to the...
Again, most indicators are leading to a correction; I'm going short. With the recently tested 23.66 resistance, plus the blue downward-slopping warning line from the pitchfork, I'm guessing the price action in the next few days won't go above the 23.66 price point. The hourly and daily lower indicators (macd, rsi, cci, slow stoch) are all showing a possible...
Strong conformance to long-term Andrew's pitchfork. Lower screen indicators are not peaking, with the macd below zero; cci looks like its moving up towards 100; all signs of some bull movement. Have a strongly confirmed trend-based fib extension, fib retracement, and fib arc. Signs that this isn't longer-term bull market: (besides global news and markets) price...
Daily indicators are showing strong bearish signs. Hourly and minute indicators are showing the opposite. I'm therefore assuming a bull will be loose for the next two days (maybe three), then it will break for the median and lower support levels.
In short, the next few days will be in a bearish or sideways move. I'm predicting a strong correction to the median line in the next week or so
in continuation of my previous post: Based on dailies, I'm showing a reoccurring 3-5 day retracement after every 6 or so push up. With that (and the macd, stoch, cci, and rsi), I'm continuing to assume a short position for the next day at least. Long term, there might be a swing back as I note with the ABC line. Let me know your thoughts