Lennar showing a massive double top and is currently sitting on support at $48 - looks poised to head lower.
Looking at the Bitcoin Chart today, I see signs of weakness. The chart is forming a descending triangle pattern, which is considered bearish. A retest of $6500 is likely. This is an area of good support, since it's supported by the 50 MA as well. If this area doesn't hold, we might go down all the way to $6300 - $6200 again. If we went that far, I wouldn't be...
This is the sort of setup that will make your week, month, or even your year. You know when you just "know" a setup is going to work? Well, I'd like to stop "just knowing" and actually define this. Because this is the sort of thing, if you traded exclusively, you'd have ridiculous W% and R stats, and crazy growth. Here's why this setup is GRADE A+: ...
Last 2 impulses was down, it's bear priority. Also last balance goes down. At the moment we do not see an increase in volume and reaction in the opposite direction, which means that with a high probability the price will continue to decrease. The next support level - 1.6034 The situation on BCDBTC is similar.
breaking down and barting from the current bull flag at this point is interesting because the drop target should take us just above the top trendline of the weekly descending wedge pattern. Hopefully this means that trendline will maintain support and then bounce the price action back upward...if so we will then have a higher low on the 4hr to follow our the...
Pretty simple -- if price drops through the green box, I'm looking for shorts on the 15m/H1 depending on the time of day. NG doesn't move as nicely as more contracts, but you'll still see strong moves at the right areas. The more it compresses BEFORE attempting a breakout short, the more I like the trade idea.
I have tracked BTC/USD 2014 market movements and correlated them to the current Bitcoin chart, marking possible similarities, resistances & breakouts. The current position of Bitcoin after the recent rally is drawing closer to the upper resistance, so will BTC breakout - fakeout or drop down to the lower resistance - decision time is looming with Bitcoin...
looks like we have a big projected drop target to be concerned about here if this breakdown confirms which it seems very likely it will...the projected drop target for this breakdown actually has us going below the bottom trendline of the weekly chart descending triangle pattern. However it's probably a safe bet to put a limit buy back in just above the bottom...
For the last 8 months, ETH has found itself in a strikingly powerful downtrend. It is now down ~86% from its all time high of $1400, and down over 30% in just the last couple days.. Currently Ethereum is piercing downwards out of a 5 month Trendline/Channel. As you can clearly see on the chart below, this is the second time we have found the price below the...
target is around 6425 but may be wise to limit buy back in around the top trendline(in white) of the weekly descending triangle pattern as it may provide strong support. There's a chance the 1 day 200ma will provide that support so I will likely wait to sell again until I see us flip the 200ma to solidified resistance.
As a continuation of the previous USD/JPY idea, we have our breakdown now and the short time is now. Let's watch the price action progress over the next few days. Entry point and Stop level indicated on the chart at time of idea creation. Profit target will be taken discretionarily (no set target) according to how price can go. Stay tuned!
Just opposite to the performance of NZD/USD since August 15th at least, CAD/USD has been trending downward and it has challenged its support level with a breakdown after failing to overcome resistance at the 1.31038 level. This is a short signal to me, but let's see how it goes! Entry point and Stop level indicated on the chart. Profit target will be taken...
Hourly BTC chart shows an ascending channel where we have higher highs and higher lows. A breakout above trendline is a bullish signal while breakdown below will indicate signs of bearish price action. This could be a good opportunity for swing traders. The big run up on 21st was followed by a significant sell off where support of 6250 was tested. Currently we are...
A little close-up action: will BTSBTC stay inside the Fib channel shown here (so move down towards 1500 says) or break out through the top? Bear in mind that, on a larger scale, we have been dancing around the same trendline of another (larger) fib channel for a day or two now. Decisive action will come within the next 24 hours.
BCH is forming an ascending broadening wedge and can break down anytime To catch this trade we have 2 possibilities 1) We get confirmation that the pattern is a valid one once support trend is broken and we can place a short order 2) We retrace to one of the horizontal support levels and get a rejection, this would imply a partial decline and we can place a...
My opinion on EUR/AUD 2HR CHART. SHORT! 2 TP on this one! Structure break down, retest complete, now the way is down.
Update to a previous post I made about the CL level breakdown. Bias remains short until proven otherwise. Flat, no clear entries for me until tomorrow morning when we look at premarket price action and range. Yesterday's trade posted to twitter. 11.25R despite mismanaging the hell out of it. It's imperative you learn to take wholesale entries, understand...
Hi guys, this is my analysis on EUR/USD daily chart, I think in The week ahead we are going to see the DXY go higher and the currencies against Dollar go lower and the EUR/USD has a potential to go to the zones that I defined on the chart.