Over a monthly scale we can clearly distinguish a head and shoulder pattern, and combined with the daily view I've noticed a diamond formation near the completion of the head and shoulder, I'm now waiting for a clear confirmation to take any action. So let's wait
SPX appears to be entering a diamond top on the daily time scale. The pattern formation is average or perhaps slightly below average - I would much prefer to see multiple trendline on both sides of it and a cleaner overall diamond shape. An additional weakness is the strong buying power displayed over the last four days of trading, with prices closing far north of ...
My only guess given the attraction for cryptocurrencies, is an upward breakout, but who knows if there'll be further retracement so waiting has it's importance although I'm already positioned. Around 0.618 profits have been taken, so I guess we can continue the journey to the moon !
Cheers, and don't forget to hold bitcoins ;)
If DXY stays above 99.27 then could go higher on next candle (April 25th);
https://www.tradingview.com/x/COqMTNhE/
Keep your eyes on EURUSD..
https://www.tradingview.com/x/zhxjyzAl/
Cheers,
Keops
I'm testing this new diamond setup on lower timeframe, for study only..
https://www.tradingview.com/x/1fKOyfw6/
https://www.tradingview.com/x/Go3XEw4v/
Cheers,
Keops
This is a 9 day gold chart using a new experimental geo setup. If gold passes 1281.54 then next resistance zone is 1298 - 1308 level
https://www.tradingview.com/x/leJ6MBGG/
https://www.tradingview.com/x/Hka5JhjH/
Cheers,
Keops
~ Hourly diamond formation on the german DAX. The daily trend is upwards, climbing to the top of a canal. I will wait for the breakout though as any good trader would, and would indicatively state 11960 as a target if bull breakout, and 11540 if bearish breakout.
Cheers ;)
https://www.tradingview.com/x/s8IPEKRZ/
Hi Guys,
After few days I identified a diamond pattern on EURUSD. I m pretty sure the eurusd goes up soon in the next week or days. My stop loss -> 1.055 and first target is 1.080.
We got triangle pattern but the market changes their mind they make flag , may be diamond pattern. i m still keeping my sell position stop over than 1.12800.
Top watch. $NYT in a diamond bottom pattern on weekly.
Bullish divergences on both RSI and MACD.
Hanging man candle is noted, but just broke above 200 dma and is above all weekly ma's.
Big Diamond Pattern Atop Carnival Cruise Corp
When forecasting you have to take a lot of information into consideration, you have to also find the needed information to make a forecast.
What we know in the short term, Carnival Corp CCL, average analyst stock price estimates post Q2 earnings - June 28 - was $60.50 and high estimate for 2016 of $80. Brexit ...
