Bata is consolidating around the support and shown a sign of breakdown.
Descending triangle breakdown
price choose the second path and bearish divergence played well we are down if we manage to close above demand zone than good else we are going lower retesting 200 ema too. those who shorted with my call in good profit too . congrats too risk taker
EUR/USD process of breaking down as it struggles to consolidate a support base and 0.618 for golden area. The next area to break support 1.17710 and TP on 1 projection (green line). . . * USE SL FOR MINMUM RISK
The CAD continues to struggle through the first half of the month as the Yen looks to re-emphasize its dominance in the coming week(s). As I look forward to the Breakdown of Daily trendline, a correction/retest of this line might be a simple signal for me. Tendency: Downtrend ( Bearish ) Structure: Trendline | Breakdown | Reversal Pattern...
Weak economic data and pressures on the oil market are taking a toll on the CAD as it continues to find it difficult to raise the bar. The sharp fall after reaching a peak of 0.70000 appears to hold ground. Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand| Reversal Pattern (Head and Shoulder) Observation: i. Even...
With over 350pips in our direction since my last publication (see link below for reference purposes), we continue to experience tendencies for a decline in the coming week(s) as UK Prime Minister Boris Johnson agreed to compromise on the controversial Brexit bill. Tendency: Downtrend ( Bearish ) Structure: Trendline | Breakdown | Support &...
After being stuck in the wedge I had pointed out, MSFT has broken to the downside and is currently testing resistance in the 199 zone. A decisive close below this level could cause MSFT to be in free fall for a little while. If the RSI breaks below 38 I would short this stock. On the other hand we could see the support line be solidified as bulls decide is is a...
With over 350pips in our direction since my last publication (see link below for reference purposes); we are at a zone where the rejection of the Weekly resistance(Trendline) is happening with a tendency of decline in the coming week(s) feasible. Tendency: Downtrend ( Bearish ) Structure: Trendline | Supply & Demand Observation: ...
It showed me the top. Showed me the pivot to trade to. Showed me where it would be a broken range. it is possible. that it is showing us a retest of breakdown with the targets still to come. there is half a monthly left
Expecting a slight FALL.... Decreasing Volume & RSI also indicates a weakness in price strength. Reliance flew after breaking it's Channel Resistance in the last 2 trading days.
After falling out of a steep channel (break down at the (450 level) and then crossing a long-term, second uptrending support line(440 level), Tesla has finally bounced at its third support line (320 level). The RSI just bounced at the support line and is soon going to meet resistance, so the RSI should breakout soon. For those looking for a short-term call, you...
DXY is at a critical moment. On the monthly view, there is a head and shoulders and price has broken the neckline. Price is now retesting the neckline to see if it is resistance. A resumption with a lower low candle would make a good short entry. Regaining the neckline and making a higher high would be a good long entry.
Target hit!!! Check my previous idea from last week before this pattern even had a right shoulder and click play if you doubt such precision. Once again TA works every time! I was able to call this price exactly thanks to it.
With over 100pips against us since my last publication (see link below for reference purposes); The increasing risk of a No-Deal Brexit is beginning to reflect in market structure as momentum remains to the downside which is also aligning with my last week expectations. Breakdown of my Key level @ 1.33000 on Friday with an Engulfing Bearish candle sets the Pound...
Banks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms on commercial and industrial (C&I) loans to firms of all sizes.
CRWD closed below the support line, back into the channel underneath. Expect a short term bearish outlook, until the price falls possibly to the 120 level. The RSI supports this position as it just broke downwards underneath the wedge. Pay special attention to the RSI and the next support line.
As price moved over 150pips in our direction since my last publication (see link below for reference purposes); the Canadian dollar continues to benefit from the modest sort-rate spread between US and Canadian bonds. Friday's market watch posted a considerable gain for the CAD as it closed the day with an engulfing Bearish candle... this view at the market...