Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch.
We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level.
I would like to wait for a retest of...
Japanese government has carried out QE for nearly two years. QE should have brought trade surplus. But that would still leave a trade deficit. It is known that Japanese is export-dependent economy. BOJ do not carry out more QE recently.
In my analysis, JPY is in the stage of wave 4, specifically wave b of wave 4. 102.50-102.70 is a daily resistance level. ...
NU breached the 127.2 ext. of previous high fighting strong res. at structure. Is NU going for the 87 even handle (78.6 ret.) or maybe for a new high above 87.5?
$TWTR made "all time" low @ 37.50 disregarding any harmonic or fib level. Hope to see $TWTR to reach IPO level at least :) According to RSI divergence the rise should happen very soon.
$ALK tremendous bullish trend might have reached a short-term top @96. The significant double bottom followed by a double top seems to stop $ALK to rise further at the moment. A possible short to 86.71 or even 82 is likely, according to RSI divergence.
The NZD vs USD is approaching it's all time high @ 88415.Currently price is in an uptrend and pushing towards that level with about 130 pips to go.Maybe some time next week price reaches this level but then I am expecting this level to hold and price drop down to possibly a prior support level. Last time price rejected this level and fell nearly 1500 pips. Looking...
Bullish Harmonic Bat Pattern with bullish momentum divergences on both stochastic and macd histogram with solid support level.
Enter Long @ 31.00
Stop Loss below X point around 30.35
Profit Target is below 'B' point 32.30\
R/R Ratio of 1:2
Hey guys first post here. Not some super savvy technical analysis but I have been around the block a few times with parabolic markets such as Silver and Gold back in 2008-2010. So I do have experience and I also have a youtube account that I opened a few months back with around 45 subscribers and growing weekly.
The call: We were unable to hold the $500...
There are lot of things happening on this chart, but for clarity, we'll focus on the smaller ones that are easy to miss from the big picture.
1. Notice the smaller divergence formed (RSI 67.88 - 66.19). This is our area of interest.
2. Horizontal range bound break out targets to 1.69250. So if you haven't bought GBPUSD as the breakout, then forget new long...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence?
There is also an intraday short setup here as well. Price...
The EURUSD seems to be forming a strong bearish divergence with both the MACD and the RSI. I believe this divergence will reverse after it reaches the 1.3965 - 1.4000 price range. Technicals are signaling further continuation to the upside after the bounce off the 38% retracement as well as a bounce off a new support lvl (1.3820 - 1.3780) which was previously was...
**This analysis is purely technical.**
Reasons that makes me believe that the probability of an upcoming bearish movement is bigger than bullish action:
1) On the daily chart, we saw new highs but there is a huge divergence with RSI that shows lower highs
2) Price broke the 20-period SMA
3) Price broke the 23.6 Fib level (as shown on the D1 chart)
4) On the H1...
Chart setups:
1- Bearish acceleration after putting in a reversal candlestick-shooting start- drawn on April 10.
2- Slant negative divergence formed on MACD.
3- Breakout below SMA20.
4- Strong bearish reversal affirmed by Vortex.
5- Parabolic SAR signals a new trend coverage.
Trading Strategy:
Place a sell stop at 0.8535 with targets at 0.8320 -61.8% Fibonacci- of...
GBPUSD has shown these three qualities:
1. End of Five Impulse Elliott Waves
2. Double Top
3. Huge Bearish Divergence.
I think we might see a correction ahead.
Cheers.
The uptrend in the long term could be stopped by this level and prices could decrease sharply in the coming sessions. Technical indicators and the bearish divergence red trend line, show an overbought situation that reinforces this bearish scenario. Thus, there is a higher downside potential than upside.
Therefore, the proximity of mid-term resistance suggests a...
The dollar index moved in a downtrend mode remaining supported by the 79.33 (wave 5) barrier, the low for 2014. However, we can identify positive divergence between our momentum studies and the price action, indicating that the trend is running out of momentum and is posible to rally up.
Support: 79.33
Target: 79.78 (0.618 Fibonnacci) in 3 days (Gann)
