The ASX200 has been floundering for a few weeks now as bulls take a breather and many start to lock in some gains. We see the action as heavy and ready to squeeze out some buyers. If price moves down through 5714 then expect sellers to be triggered into action and a wave of panic selling to hit the market. Of course, if the bulls stand firm and move price higher...
The DOW is ready to breakout and may be in for a big end to the week. Buyers hold minor higher lows while Sellers have been holding lower highs so time will tell which side is right. Either way there is a lot of fuel that will be caught on the wrong side of the action and have to either buy or sell to exit....we feel that the bulls may be superior and push prices...
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The ASX200 is lining up for a squeeze lower as recent bulls lock in some gains. Momentum up is slowing but no reason yet to panic. We are watching for a sudden drop and then a lower high to hold to confirm the weakness to come.
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The Aussie Dollar came under pressure yesterday as the USD rallied and share indexes went into risk off mode. There will be more to come is shares get hit again as investors fear a selloff. The Aussie is stretched into the 0.7000 area and has held a lower high at 0.6975 which is evidence that new buyers are happy to watch from the sidelines for now. If sellers...
It has a market cap of $732.97 million and a revenue of Revenue: 2.83 billion USD. You do the math if it worth buying or not!
P/E ratio: 0.69
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and...
Oil is holding a lower high around 36.76 and price is under pressure. The momentum up off 34.32 support is running out of steam and we expect a squeeze on buyers for a fall. Watch for the confirmation in the form of a lower high and shoulder entry setup. Targeting a break below 34.32 for a long...
Before we get into this speculative idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Just quick share tonight, COINBASE:ETHUSD is dropping to the lower end of this triangle. Quite a bit of upside. Aiming for long entries around $191, will set SL at...
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We observed that the market has tested the resistance line several times .
Now that the volumes have broken our signal rectangle , and, at the same time, the market illustrates the formation of a long wick perfectly on the...
6500 is being tested for the second time. While it is really early for a reversal, a short term pop to 7500 could be an interesting risk to reward with a stop loss at 6500.
If the second or third test falls just under 6500, then expect a dump and pay attention to where it bottoms out to clearly see what kind formation is coming.
Possible formations and...
We are about to "death cross" on the 200/50 daily.
Consider that previous "death cross" was never as severe, lasted from 4 and 9 months respectively.
The parabolic downtrend line is about to break, so we might see higher prices in the next 24 hours, before diving down again.
We should fully expect a drawn out "death cross" down trend to last 2-3 quarters at...
WHY I TOOK THIS LONG TRADE
1. Divergence between Price and MACD Histogram
2. MACD holding at STOCHASTIC 20 level
3. Price retraced to 38.2% Fib then made new low
4. Price held the -23.6% Fib
5. Price held previous support level
6. Morning Star reversal candle pattern
7. Entry next candle open after #6 pattern
8. SL below swing low
Strike Trader Indicator finds Long Signal Entry
Strike Trader Indicator finds Take Profit
Strike Trader Indicator finds Stop Loss
Price did not hit Strike Trader TP
Find your own TP
Double Top Chart Pattern
Close trade when price breaks below Double Top Neckline
Step 1 Assume Entry on middle of 2nd bearish candle
Step 2 Assume Exit on middle of Reversal bullish candle
Result 100 pips
Step 1 Assume Entry on middle of 2nd bullish candle
Step 2 Assume Exit on middle of Reversal bearish candle
Result 60 pips