Another great trade today! The price has just bounced off support and trendline. EURJPY is also overall bullish so i think we could see price go up to minimum 140.085
--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break...
After breaking through the 1.05 support level on the daily Chart, price came up to retest it and found resistance. It was also met with a bearish slap by the 50EMA line and the 0.382 Fib Retracement level. At this point a nice doji reversal candlestick formed and overall price is making the long way down after a triple top formed between September and November of...
The price has bounced on the previous support and resistance. I put a tight stop-loss cause if it brakes this line it means the trend possible have ended.
We see that GPB/USD has developed a decent bullish trend so I will go long in the pullback as the price has bounced on the Kijun-sen and the Chikou-span is above the price. I will put my stop loss a little below kijun-sen on the last fractal. Entry: 1.534-1.538 SL: 1.53116 Target: 1.54@
NDRM has been beat up a bit, technically nice look for trading higher, stop 9.78 enter 11.00 area so minor risk for high potential gain
Hello all, if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
Price retested the level and retraced the Bounce level and retraced some, as expected. Expect price to go down to 59.73 again and go through it, to form a lower low. I sold most of it off at that level, and am re-shorting the retraced-to level.
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up. Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
Oil is not my primary area of expertise and i know that currently the fundamentals are clearly bearish after that the OPEC countries agreed this afternoon not to cut their oil production to lift oil prices. As a result oil prices tumbled to post fresh lows below 70$. However looking at the long term picture, we'll notice that the price of oil is now...
NTEK is closing in on 2 key support areas 0.0400 & 0.0360. Both the MACD and RSI (5) is showing low levels. NTEK broke trough the minor support at 0.0500, so on any upwards move, thats the first battleground for the bulls. PT is the 61.8% FIB 0.0900
As we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!! Normal entry (H1) - Simply wait 123 (=...
Back of the napkin calculation...Expect a run down to 1832 (maybe by Friday) which could take the SMA-9 to 1905 where the SMA-200 is; followed by a bounce or crawl to 1904...before recommencing the move down. Very Short Term LONG, Long Term SHORT It is unusual to notice whenever the Fed is close to taking its foot off the gas all market hell breaks loose!...
I see a bounce happening at 443$ if you ignore a few flash crashes and bouble peaks then this triangle has a lot of touching points and successfully predicted the last bottom. I would like to counter the many bears hoping for 100-200$ bottom, people are greedy and will be buying at the 448$ as it will be a double bottom and bottom of this very long term trend....
This pair found support at 61.8% Fibonacci retracement of the last big swing high. This level was also a great bouncing zone in the past. Recently on the first bottom of the pattern, RSI was extremelly oversold. Action: wait for a double bottom to complete at that level and buy next candle if RSI bullish divergence is in place.
Ferro Corp is sitting on its major support showing us relative strength, while SPY broke down its intermidiate trend with big, ignited candle. I will be watching for stocks that show us resilience during this corrective phase, as we remain in macro trend. If indexes will find its footing, then we can see an upward move in this stock with resonable risk/reward and...
Sprint is expected to report a smaller loss than in the first quarter as a massive network overhaul comes close to an end. Investors will look for any update on the company's planned $32 billion bid for T-Mobile, expected to be announced in the next few months. The bid has met with skepticism from regulators, who worry it could reduce competition in the...