Nasdaq is in bear momentum at this current moment. As you can see with all my analysis you can clearly see the sell triggers which are circled, we also what looks like a bearish engulfing candlestick pattern was formed a few trading sessions go (blue square). So we have lots of triggers indicating that there is more lows to be had. Although we could see a...
EURUSD reached a bottom at 1,0469 on 28th of April and it's been moving sideways for the past 2 weeks. We're expecting that this retracement is over and this week we will probably see lower values. Stops should still be above 1,0640 and our first target will be the levels of 1,0400. Reversal candles around 1,0550 will be the best selling opportunities.
Trade Proposal: There is a probability of first tp to the proposed ( 1.247 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: GBPUSD Waiting for the Range Bound and the beginning of the Ascension Trend.
A shorting opportunity presents itself as a Bearish Shark Pattern that completes within the sell zone at 162.89. The completion of the Shark Patten enable me to combo the trade to the Potential Head and Shoulders Pattern in the Daily Chart.
Within the sideway consolidation, it does have a potential of a Bullish Flag Pattern formation, a retest at 136.93 will be a good enough price for me to get involved. The first target will go to the immediate high and the final target I'll stretch it to 139.71. That's the level of an AB=CD Pattern completion and coincides with the Bearish Deep Gartley Pattern.
USDJPY has lots of interesting trading opportunity. Start off with the 1st zone of the staircase formation. The Green Zone(1st Zone) you can wait for shorting opportunity at the top of the box and buying opportunity at the bottom of the box. The second chance to engage the trade is when the market retest the trendline but fail to break and close below it. The...
GBPUSD has hit the Weekly Chart's demand zone. You can wait for a double bottom with RSI Divergence for a buying opportunity. I would put the first target at 1.2482, that's the price I'll shift stops to entry. I might stretch Target2 to the Bearish Shark Pattern on the 1hourly chart.
EURUSD has a Bearish Shark Pattern, the first target has been reached. Counter-Trend Traders could wait for a counter-trend trading opportunity, like Double Bottom with RSI Divergence to engage the trade. The earliest you can wait for a buying opportunity is at 1.0537. Target1 will be the retest of the Shark Pattern, which is 1.0588.
Fundamental Analysis With Airlines getting business back up and running in a slow fashion, the Airline industry as a whole has to return back to profitability. However it looks like investor confidence is still not bullish, and DAL isn't an exception to this case. For the short-run, there is still a bearish outlook for the industry considering the consistent...
Hello traders and investors! Let’s see how the SPX is doing today! Yesterday, we talked about the 4,148, and how this was our key support level for the short-term. This understanding proved correct, as the moment we lost it, the market dropped sharply, and today, we almost hit the previous support at 4,062. If you missed my previous analysis, just check the link...
As you can see from the graph, there is a recurring pattern using Heikin Ashi candles. When a doji star happens and it is dumping a lot, it goes up. This means that S&P500 will pump. To support the claim, the price just hit the support line.
Hello traders and investors! Despite the volatility, the index did exactly as we described in our last analysis. It hit our target, and it is crashing. Let’s see what’s going on. Yesterday I mentioned the 4,200 as the key point that would bring the index to the 4,299 (purple line). The index hit our target with an incredible precision, just to drop again. The...
We saw an upside push yesterday during the FED Interest rate decision. We consider this only a pullback that will give us a better entry level. Today, we will follow price action and wait for lack of momentum to the upside. Tomorrow we also have NFP during which is also possible to see reversals. We don't recommend buying! As soon as we have a good entry,...
Hello traders and investors! Let’s see how the SPX is doing today! First, it is doing exactly what we expected it would, as it corrected in the 1h chart. It just hit its 38.2% Fibonacci’s retracement, and it is reacting now. We talked about this yesterday, in my previous analysis, and the link to it is below this post. This reinforces the reversal patterns it...
$VOYG has taken an absolute beating since the all time high about this time last year. Claiming a loss in December 2021 saved me on my taxes, lol. Obviously the price follows bitcoin...the recent FA for this company is brutal as well. Looking at the weekly time frame. I see opportunity here. RSI looks set to reverse. Ten bearish candles counted...usually not...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, we see that it is reacting nicely, after yesterday’s crash. This is a good recovery, and might be the beginning of a reversal, the problem is that we don’t see a clear bullish structure yet, and the index is still in a bear trend, doing lower highs/lows. In the 1h chart,...
Shorting GBPUSD - Technicals and Fundamentals in full alignment.
GBP/JPY Short From a technical perspective, there's a high probability that price will reject our entry zone and drop to our bearish targets.