Hi, I've being spotting this buying oportunity of EurGBP, the market has been breaking levels but if you look closely you will notice that it is breaking them with harmonic muves. and alot of fibonacci level confluence so RIGHT now we are sitting at a pretty good support zone the market just completed a 3 Drives pattern, in the lower Timeframe ( 4H ) the market...
Out of sheer demand for more short term analysis, I thought I would take a few minutes & dissect the 15m chart today. Just so you all understand, my personal holdings are relatively limited and because of this fact I am trading my account off the higher time frames. Full disclosure - I am currently still long 1/3 of my buy at $459 per my published posts and don't...
Price broke the TL reaching the 127.2 ext at 29.5$ forming a double bottom afterwards. The PA broke back again the TL to the upside. Expected retest of breakout at 31$ and rising towards 40$.
Hello all,
it has been a while since I have been thinking of being long Bitcoin but recent fundamental and technical events have pushed me to the point of at least sticking my proverbial toe in the water.
From the fundamental perspective, the latest Chinese Bitcoin ban seems to have changed the crypto-currency's complexion. The removal of Chinese speculative...
I have been wrong many times before with NBG, so who knows.
But i really feel strong about this chart. Heavily oversold on the RSI, and we have a double bottom of what looks like a pretty clear corrective flat.
Another signal of a bottom is the large volume spike we had yesterday, and we have retraced 100% of wave A.
In Elliott terms, an alternative could be...
EURUSD is a very mechanical pair, reacting to macroeconomic situation and sharp on political statement.
Baring in mind the situation of indicators and the picture, we may be on the eve of a formation of a double bottom.
Political situation in Europe, recent statements of ECB President Draghi , statements that had an effect on the market
but on a long run, no one...
This concept is still in backtesting fase but I'm doing this on a live micro account ;) small btw. The idea is simple.Trade the end of the week session. This setup was an ideal setup because last fridays session didn't managed to break 1.6837 major structure support and close below it. Expecting a correction move to at least 1.6912 if not for a new fresh high....
$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.
Notes on chart. 1.4 is a very nice round number and surely there should be good sell orders sitting there.
For now, a retest (IF there will be one) to 1.38 should be a safe bet to long targeting 1.40.
Watch for ECB official's comments when Euro reaches 1.4
Focusing on longs for the moment
Looking at JO the recent strength in looks super bullish. Eventhough im proposing the alternate idea of a double top, I still think the bullish trend is intact. However, i can't help but to think about the downside risk. I believe coffee needs to consolidate, either though price ( a sell off) or through time (sideways movement.) I don't feel comfortable going...
