TEVA usually has HUGE move on its earning release day, which is 5/2.
Here we got an bullish bat pattern but it's still way too far from the entry, while with regard to the potential huge move,
it worth noticing beforehand and if it actually got crashed all the way there, it could be a high-risk high-reward trade!
To start this trade ,there are 2 conditions to ...
I have been waiting for prices to break up into a 69.37-74.14 range and based on current prices action along with 2014 broken support levels, believe we may see extended sideways action in this range, for several weeks, if prices do indeed break upwards. With the Brent/Crude spread in excess of 4 dollars we are still favoring exports; along with potential Iran ...
Hey, I am back with Another Technical Analysis, this time looking at EOS.
EOS has seen a strong bullish run, and after every run, there is a need for sell off - profit taking, correction.. Many people are calling this a dump or similiar stuff which I can explain only that these people arent in this market like home, doesnt understand the basics of cycles, price ...
USOIL hit daily 0.618 and bounced 200 pips after that to form a demand zone.
Also there is a new small bullish bat pattern at the same spot, all of which implied similar entry @ 62.30-62.40
So I'll be waiting for reversal sign there as confirmation entry and maybe put some buy limit there first!
Let's see how it goes!
A strong selling force has occurred in the last 2 months to adjust after a strong trend of EUR against USD.
Prices may continue to decline in the range of 70-90 pips.
Buy area appears:
- The RSI on the daily chart is at a low 20-25 level.
- The above buying price level coincides with the strong psychological dispute in the weekly frame.
S&P ASX 200 Australian index long bias.
Previous strong weekly demand level in control from around 5720. New very strong weekly demand created at 5804
Waiting for weekly highs to be solidly broken before going long again. Longs lower at weekly demand imbalance or new
daily and weekly demand zones if weekly highs are broken
Short video to follow up on the last... price action in my opinion is still pointing towards a little more downside, which I think will be the low .70s.
We're not that far off now, so I see no reason this will not play out at the moment.
Not advise for anyone, just my opinion and where I'm looking to add to my bags!
I hope you enjoyed, give a like and ...
Gold is trading within a trading range these last couple of weeks. Currently sitting at the bottom of its trading range. A long trade here is justified in terms of past performance and market inertia factor. Stops are below breakout level and targets are double the risk. Worth a try.
Limit orders set to 127.76 for BITSTAMP:LTCUSD - other than a level below the highlighted range, I don't see too much else before that.
These mini-pops between yesterday and today have been short-lived and weak, succeeded by even greater dips to the downside. In my opinion, swing trading the moves at this time (without any clear direction as to where this market ...
