Short on SPX by the time it breaks the uptrend line all indicators pointing to recession
Ethereum was unable to break the current short-term downtrend. A possible bear flag is forming.
AAPL had a steady decline in volume as it ran up to test the recent new all-time high. This may create a short-term sideways price action until more volume buyers or High Frequency Trader action triggers more volume to the upside.
MU weekly chart shows a bottom completion underway for MU as it recovers from a 50% decline last year. The stock is showing some underlying momentum from large lot hidden activity.
We had wave A. and then completed by wave b exact on 1.618 now. if this price shows a resistance, we can sell short for a sharp decline. for a better trade we should see Gann rules...
Bloom has been on a massive / fast paced run since October, however a clear downtrend is still present, and the success (breaking the downtrend) or failure of this bull flag, will determine if the stock rises or falls. An island top is also present with a clear price gap.
Share your opinions, and don't forget to like and follow. ABCD triangle on Coinbase:BTCUSD weekly chart first and second retest occurred within 105 days of each other, if history repeats itself Bitcoin appears to be 70 days away from a further decline to $7800 However, Coinbase:BTCUSD could make a break to the upside testing HUGE Resistance at $9,500
I am now net short 50% in QQQ AND SPY
Crude oil looks range bound at the current moment with a break of the wedge up or down indicating a nice sell or buy opportunity. I remain bearish and am selling at the top of the wedge. Expecting to see below 50 by year end
A new decline is expected for Aud/Usd, in fact in the last sessions the price stabilized between 78.6% and 100% of the Fibonacci retracement. Speaking about the price it was between the support at 0.675 and the resistance at 0.705. Throughout the summer it should continue to lateralize in this channel as, fundamentally, both the Australian central bank and the FED...
Same idea as in previous chart. This is zoomed in to show the main points of resistance. 2 areas of concern with rising wedge in these recent times and stretched RSI. Very likely turnaround point in the next week or so. If it breaks past the fib line, then there will assuredly be snubbing right at the resistance line set by the previous peaks. The overall...
A short-term decline pattern is partially formed with lower high of price and higher high of RSI. Still need comfirmation from Composite Index and Aroon indicator. If the price do not go straight up continuously, say, up to 4200, the decline is due to happen. 5% decline is 3700 and 10% is around 3615.
Tencent: short-term short, long-term long Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war. Short term wise, RSI negative reversals are coming on...
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...
BCH is forming a descending broadening wedge We have to wait for a close above resistance trend line to place a buy order Though i expect a rejection here followed by the formation of a partial decline which would be even more interesting to buy since partial declines predict the breakout direction (upward) and works 79% of the time TP as shown in the graph
I see descending broadening wedge on BTC and it might be forming the partial decline which would trigger a long position We have to wait for reversal candle in the buy zone TP as mentioned in the graph
BTC/USD is forming a broadening bottom The performance of this pattern is not the best but the partial decline does a good job of predicting an upward breakout TP's as mentioned in the graph