Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...
IF PRICE BREAK THIS SUPPORT, IT WILL CONFIRM THE START OF THE "C" WAVE AND IT WILL GIVE US THE FIRST TRADE THAT WE WILL BE ABLE TO HOLD AND GET SOME REALLY GOOD PIPS. WHAT DO YOU THINK??
PRICE BROKE THE STRUCTURE WITH A STRONG BEARISH CANDLE. I AM EXPECTING A DOWN MOVE WHAT DO YOU THINK ABOUT?
PRICE HAS BEEN REJECTED BY THE TREND. SO I AM EXPECTING A DOWN MOVE WHAT DO YOU THINK??
The IRS has a rule about Tax loss carry forward and change of ownership of a Corporation. The tax credits that FB has taken since the IPO will likely be denied. We are talking Billions of Dollars here. So instead of being a high pe stock. it could become a no pe stock. Losses instead of earnings. This information is in the 10K for 2014. Hidden in notes to...
An warning update on my previous chart from a 2-3 weeks ago roughly, we see that BTC decided to delay the inevitable by not touching down a 4th time at the time I published my initial chart back then. Instead it decided to consolidate furthermore and attempted a break out again only to be stopped at the top of the downtrend channel outlined on my chart by the red...
This is going much farther down on the news! its only getting worse!
Forex is risky, beware of consequences if you trade on other people's ideas.
I haven't entered a position yet, but I can see this turning over and starting a down trend. It will be a slow sell off but people have been loving on facebook for to long. As you can see from all the charts the momentum is dying out fast! I can see it getting to around 70, from that point I'm not sure.
The 2000 and 2007 down trends seem to have really started when the blue Stoch RSI line crossed below 20, which seems to just occurred here. Will a downtrend start in the next two months instead of September? Stay tuned! Same bat-time, same bat-channel!
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...