BOX
Gold broke 1170 lets see the Bulls and Bears duke it out. The fight/focus area is the yellow box.
Bull will try their best to retake the new resistance of 1170.
Bears are gonna try to ride that momentum near the new support of ~1160, while also battling the dowwnard channel that has been alive for the past few days.
Safe trading!
A late rotation short, momentum continuation to 1/1 Gann Line.I have been following IESC for awhile. Due to other activities and some much needed vacation time I am currently late on a 1/2 Gann Line breakdown 8/30 - 9/6/2016. The retest of 9/30 - 10/3/2016 with a long legged indecision candle at previous resistance and 1/2 Gann Line failure also represents a "box" move.
Due to my attention starting on 10/26/2016 I prefer a momentum continuation short into the end of the year.
NVDA graphic MountainNVDA is spiking extremely up. Almost reaching Max profit PT. Standard error of possible profit max target is the green rectangle. Possible setup for a short solely based on technical alone. Short at Profit Max or after reversal pattern develops. Further fundamental research may be need, forecast is subject to change.
MRIN is checking its gapYesterday Marin Software Inc. (MRIN) finished its trading day with bulls loosing the fight to the bears. However the former left a big technical mark on the latter. There is a long lower shadow which might prove bullish momentum and reinstate a down gap that happened on May 6th 2016 as a resistance. By means of measuring the high-low price inside the box we would project the price go up to 3.26.
For more ideas visit mercuriusam.wordpress.com
PRICE ACTION / TREND FOLLOWING VOLUME #3PRICE ACTION TRADING.
STEP FIVE
Draw the box, use a support and resistance bars.
STEP SIX
Find a PA ( Price Action ) reversal pattern.
PRACTICE,PRACTICE,PRACTICE AND PRACTICE
SEE YOU AT NEXT VOLUME !!
Update status
GBPJPYMy view on the GBPJY pair. I believe we'll see drop further down towards the 0.618 fib level @ 158.45 before surging upwards again. This would complete an ABCD wave reach the previous structures their highs and reaching the top of the box. I believe this will be a good point to short the GJ all the way down to the trend line/bottom of the box.
The drop down is would fit perfectly with the Stoch RSI being oversold and the RSI bouncing of its upward trend line.
Trade with caution.
AUDUSD - Intraday setup ( box trading )We see nice retrace on resistance zone, so short on break of the box.
FORTUNE COOKIEChina is celebrating next week new year. Let's see what's hidden in the fortune-box. Welcome the Year of the MONKEY!
Radioshack Corp -RSH -Daily - Quarterly "Box" TrendlinesI like the idea of plotting the entire quarter around the price action so you can see where the stock is during the beginning and end of a quarter and how the quarters stack up against each other.
Then I noticed that a trendline across the top right corner of the quarter gave an interesting price level and then kept drawing them. Notice they are somewhat interesting in this chart of RSH.
Do some work on your own and see what you find.
Tim
9/27/2014 4:03PM EST
