Bund is trading quite slow, choppy and overlapping since September of last year which gives us an idea that a bigger Elliott Wave triangle correction within wave 4 consolidation is in the making. If that is the case, then more slow price action may follow on Bund and ideally afterwards make a new recovery into black wave 5 as part of a higher degree Elliott wave ...
S&P500 can be trading in late stages of a wave c), final wave that is part of a three wave correction. As we can see current wave c is displaying qualities of an ending diagonal, which means a sharp and sudden drop lower could be in for the stock. Break of 2379 can cause and confirm a sell-off.
An ending diagonal is a special type of pattern that occurs at times ...
Goldmans Sachs had a great really from November 2016 until now. The chart is moving sideways now and shows singular sell signals. The investors are less modifying their $GS positions. They make themselves ready to close their position. The sideways chart shows irresoluteness about their actions.
We do not think the weekly range will be extended today and therefore we opened a put binary option for end of day expiry at 4 PM EST and we expect price to be below the horizontal line
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Talk about an uptrend! But as we all know, this cant last too long. Evidence: The highs on Monday 5th and the highs on Wednesday ...
NZDUSD is in a strong downtrend for the last few weeks, which is expected to continue soon if we consider a five wave fall from 0.7402 followed by a recent bounce towards the 0.7171 level, which could be the first leg of a minimum three wave rise in corrective wave 2), labeled as wave A. If that is the case then drop from the mentioned level was sub-wave B that ...
This is a good sell setup since this could be an ending diagonal and we will have the next wave down to complete the structure.We have an impulse and a correction and you can sell the breakout if you have a plan to trade it. Trade based on your own strategy
USDCAD has been trading higher for the last few weeks, especially since crude oil has turned south. On Loonie we see higher highs and higher swing lows but with overlapping price action between two converging trendlines so pair can be making an ending diagonal as shown on the 4h chart. That's a strong reversal pattern which could send price south this month, maybe ...
August 31, 2016
Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100
I would go long now until 4700. Some bad ...
I don't like lines. I prefer zones. The logic between my idea is bulls are going to cut their profits. it means they will sell. and I want to sell w/ them.
my entry is when RSI comes back to 70. If I lose it means there will be another oppurtunity on this pair soon.
Hey guys! Been so busy with stuff that I haven't got the chance to post! I found a really really strong H&S setup where the trend is about to break!
This is what it looks like on the 4H chart:
https://www.tradingview.com/x/1IkgBmSW/
What influenced my decision:
-Strong trend on 4H
-Price failed to make a higher high
-H&S pattern shows up
Good luck guys! May ...
Looks like AUDCAD is about to break of this ending diagonal in 4H chart. There is also MACD divergence confirming it.There may be a last move to the lows so be careful and wait for it to consolidate above the trendline before buying.I'm targetting 0.9900 area
This is one CEF that I have been following for a while.
Technicals... BB are compressing and looks like set for a big move, likely higher. Coppock stick bullish, KST is not bad.
Currently trading at a near 14% discount to NAV.
http://www.cefconnect.com/fund/NHF
