Welcome to the double top, prepare for the drop! The DJIA achieved a double top and recorded a lower high than the record high on March 1, 2017. The next few days are crucial to see if the Dow can break through this ceiling. If it cannot, the drop could be to recent levels of support or the house of cards could completely crumble. The stochastic is nearing...
Another sign the market has peaked. Buckle Up!
On March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is...
5 week uptrend broken when RBNZ announced they would keep interest rate the same. This was followed by bad news and the RBNZ officials saying they want a weaker kiwi. Could drop more so keep eyes open ! - Happy Trading !
Sell it, not much more to say than that. #livefast #lol #bigbank
GBPJPY is bound to retest the downward channel, as it did when it broke out of the bottom last time. It is also right on the 200 4-HR SMA, which is acting as a tough resistance, as well as the supply zone. My last short idea did hit my original stop, but I moved my stop up because I think this will be a huge move. As always, use proper money management
This pattern has shown itself in a couple of stocks lately, think it wil hold for PVH? Has anyone seen any negative news for PVH?
Their is a very strong resistance level and it seems like LPI can't get passed it. I mean the stock tried several times and it didn't work. Now, it's losing momentum and its going to go back in the area of twelve dollars, where i drew the up channel's trendline. What do you guys think ? Buying at twelve dollars may be a good thing.
I find a possible similitary in two triangles. First triangle in July and August, second triangle is rigth now in process. First triangle was for 42 days and broke out and drop. Second triangle is in process. Will be a very soon break out in this triangle? I think that is possible. I count the number of days from deep drop (Oct 15, 2014) to the end of first...
Hey traders! A crab is complete on the 1H in addition to (possibly) the corrective wave structure. The bearish impulse suggests a potential turning point, so any price action above the beginning of the drop will invalidate the trade; hence Sl is placed at this level. ALSO, this reversal is occuring in a special zone, the wave-(ii) s/r zone, which adds to the...
looking at the current levels of resistance we may see an opportunity to short this pair on any pullback on a 4 hourly to 1 hourly timeframe after a strong sell off yesterday with a fully engulfing bearish candle.However I would remain cautious until post NFP announcements .
High probability with many confluences to the naked eye, 4 hour price action will bounce of the 38.2 FIB zone or the daily resistance if broken the 238 FIB and then continue the downtrend, creating a short opportunity.
Just waiting for the drop on FX:USDJPY with a small chance of a rise.