Price hit the upward trendline and is fading around 1.6035.
The energy on the way up is over. Price is now bearish all the way to 1.5730.
The trendline game is a D1 game. The market has reached its end point. W1 players are going to force the D1 players to get stopped out by pushing down against D1 bulls.
This is the current downward rally to be expected.
Each...
As simple as it is, learn around market what is the current technologie, then anticipe the wanted informative results from consumer and user.
If you can see further than your nose with actual demand and resources in stock generally speaking, you can imagine where those resources or stocks level will be. Then with the idea on who or what brand will emerge or have...
Please refer to text on chart.
** Remember, we do not try to predict future price. We simply react to current price movements based on our interpretations of past data.
If Pattern complete then analysis prices this at 1.41136 and below , everything above 1.418 would be considered a good sell in that case ..
In my case I am prepositioning myself in anticipation of pattern completing and I am willing to sell every 10 pips for an extended period of time.
Please Keep in mind ImnoTrader
Analysis of SPX and ADL and ADVL, and also positive and negative correlation in 10 days period. Important to notice that in the situation when ADL up and SPX down, doesn't anticipate a drop in SPX in the correlation indicator above. Only when SPX up and ADL down that usually does but is not guarantee also.
Analysis of SPX and ADL and ADVL, and also positive and negative correlation in 10 days period. Important to notice that in the situation when ADL up and SPX down, doesn't anticipate a drop in SPX in the correlation indicator above. Only when SPX up and ADL down that usually does but is not guarantee also.
Price at the moment is correctively rising so what I am expecting to see of this pair is that price is going to fall soon. We are currently seeing divergence on our MACD which signals a reversal may happen. Good luck and safe trading.
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links)
Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days.
Expected price target for this play is 130.90
