Nothing sure in market guys!! Anticipate , Observe , Analyze and Risk small , ALWAYS.
Descending Channel , Lower continuation is likely to occur. However , We cannot predict the market. All we have is price and need to learn how to read it correctly. I'm just reading charts. Spike from lows , spike from high. A lot of indecision in the market. Better to stay out or at least Risk small.
It will be great trade , however we need more price action.
Very very interesting chart , can be traded to the Upside .
Nice Weekly level rejections , price is trading lower , if price breaks trendline , close lower and hold there we can anticipate lower prices.
No shorts until break of ascending trendline. Upside targets - 70 or above
Market currently below very important levels , if can hold below this levels and show this with accuracy , we can get in short to ascending trednline as Target 1 or Monthly Support lower.
SHARE PRICES, SINCE FRIDAY’S MARK, HAVE MOVED NOWHERE as our International Index has lost one single point as five of the ten markets in our Index have fallen and as five have risen. Given that our Index finished last year at 9,556 and given that it is 9,238, for the year-to-date stocks in global terms are down 3.3%, while stocks here in the US as represented by...
I will go short on this pair on the break of the red TL and moving averages. This opportunity is viable only on the break on the TL, before that we can expect a move up to 0.76366. On the break, I am expecting the market to go down to .68 to .67. Now that is 10 % downfall which also means that for a person who uses 1:10 leverage that's 100% return on the capital...
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Very strong monthly, weekly, daily downtrends. Huge yearly consolidation + break-out pattern for GU. This thing is on track to go below 1.00. Look for a break-out failure to short. This is a Tier 4 trade because all trends are aligned and on the monthly we have closed below the 1.481.
This is a classic HPS setup that we focus on @daytradingradio.com