On the chart we can see a rising wedge formation. The price is still moving inside the pattern. Once is breaks the support line it would be a good time to enter the short position. Target is showing on the chart.
Anticipating short-term bounce to fill gaps, re-test 23.6% Fib zone & create opportunities for Short positions. Selling 'should' re-commence in September to test lower range re: parallel channel, in-line with Market Seasonality. Over-extension into Golden Fib Range could signal warning of more extreme market capitulation (~6400). Depends on break-outs either...
Approaching trendline (orange) while just sitting above the 200ema with a bit of resistance around that area. Last couple candles closed above all emas with wicks touching the down trendline. Price reaching an area of confluence with the trendlines and ema's interacting with that S/R line @1.970
Going to get real UGLY when this thing breaks down, CRYPTOCAP:BTC #ETH CRYPTOCAP:BTC Two tests of lower HTF Range low, Lower time frame Buy side liquidity has already been raided. Price looking for Sell Side liquidity ??
Cochlear recently broke down from range highs/distribution. It appears to be printing an ascending triangle, a continuation pattern suggesting further downside ahead. I am looking to fill a short around 232 or on the breakdown.
I am just not sure what has caused this extraordinary price drop, when apparently it was looking like it was just recovering from down trend - if anyone knows please comment . May be it’s just natural price correction in market, looking at today’s price action, buyers were able to take it up in first two hours up to $125.84, till that time it’s was all buyers...
The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a...
ASX200 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend...
ASX200 - 24h expiry - We look to Sell at 7210 (stop at 7260) Posted a Double Bottom formation. Neckline comes in at 7133. We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The 200 day moving average should provide resistance at 7210. Our...
ASX:SPQ Potential move to Z2 (Zone 2), due to increasing bullish volume, interest from retail, and organisational bodies. I don't think we'll see major moves in share price until we get some interesting market news. Top 20 Holders have remained the same over the last 2 years, current price reduction represents retail investors cutting losses. Despite having...
I suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment...
ASX200 - 24h expiry Previous support level of 7129 broken. Short term bias has turned negative. Preferred trade is to sell into rallies. The hourly chart technicals suggests further upside before the downtrend returns. Further downside is expected although we prefer to sell into rallies close to the 7190 level. We look to Sell at 7190 (stop at 7230) Our...
Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest...
Shares ASX - Paladin. Paladin appears to be bottoming out. Possible double bottom. So we have a reversal pattern as a starting point. We then started forming an ascending triangle with resistance at 0.66. RSI on the triangle is stronger suggesting the triangle should breakout to the upside. We have a dragonfly doji recently also suggesting bullish price...
West Australian based engineering firm designing and constructing mine processing facilities for some of Australia's biggest mining companie s. Huge growth potential shown in the 1W chart. ST from here we should rely on support around the 1.60 area. I think we should swing somewhere in the region of 2.00 which is the 0.382 retracement of wave a-c
Following the impulsive movement up since the March 23rd low, the chart formed an expanding flat which is followed by another smaller expanding flat. The longer the build up, the bigger the potential down the track. Usually a bigger impulse (after the flat) followed by consolidation is more desirable. If you look further back at the market structure, this ticker...
LPI has experienced an impulsive 25% drop after Chile announces that it will nationalise its country's lithium supply. Private companies will be forced to work with the state to develop the local industry. I have not looked in depth into Chile's lithium industry and the potential long term consequences but the market demonstrated how it felt about the...
CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is...