Based on the chart it can break either way for bulls or bears. Blue line indicate the support line holding if bear play comes into play. TQ
The SPX, DJI, and IXIC indices have been forming consolidation patterns after the market-wide rally in early November. Each chart is displaying bullish hidden divergence and an oversold stochastic RSI on the 4h. Expect more upside until the upper lines of resistance are met, at which point the indices will either reverse or resolve upwards.
SPY bounced all the way back to the key 341.77 level. A break of this level should trigger an ATH+ run. Don't be surprised to see a double inside day tomorrow as market continues to digest stimulus talks.
A resumption of these two support lines will possibly create a great buying opportunity for copper. If we want to buy the 8hour candlestick has to close above 3.00, if the price continues up to its a great risk to reward trade. Target: 3.0885 (2.68%) Stop-loss will be placed right under horizontal support.
The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. FALLING WEDGE: APPLE DAILY CHART BOTTOM OF THE BOLLINGER BAND
Reversal, accumulation, bullish flag, good volume - all bullish signs Now expecting it io close the gap
Looking for price to respect 137.980 - 137.500 before running to 140.000 to either break or consolidate within range.
ONTBTC also looking as if it is going to close above weekly resistance/support, need to look at weekly close to confirm. Have to watch for reaction at trend line and resistance but if it was to break above I do think it will have a breakout and go on a big run here. I will take a position now but watch closely over the next two weeks for confirmation.
my bias on GOLD is to the upside after we broke a mini level of resistance we should see this hold up as support and retest the top of this range which GOLD is currently in.
BITCOIN strong BULLISH sign
Ada is breaking the 2 year resistance..... Looks like the beginning of the ICX pump.
We're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form...
Fundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade...
Price broke Downtrend with Big Bar, possible bullrun comming
a break of the 350 MA would ultimately confirm the bull run for DGB head and shoulders pattern in the process of completing just under the 350 MA
All I'm saying at this point: Shorting Bitcoin in 2019 is like longing Bitcoin in 2018. Levels I'm looking at: 9.5-9.7-10.5-11.5-13.0-13.5k