=> Here we have a different view for French Equities as those who are following our telegram will already know. The case can be made that we are in a very large IVth wave of the V wave pattern since post 2008 crisis.
=> From a technical perspective this looks like a very large correction and should not continue its decline further than 38.2% (4525.x)
The decision of the Brexit Referendum resulted in the key price level of 1.43 to be broken in 2016.
This support turned into resistance and the price successfully rejected the price in the beginning of the year.
A nice short opportunity presents itself: Wait for the weekly candle to close below 1.2730
First Take Profit 1.2509 (0.786 FIB retracement level)...
This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING
EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets.
Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a...
The trendline is being followed closely for this American version of the European Automotiv Manufacturer stock. If it retraces just a little more it would be easier to assume the stock price would soar to the 1.618 fibonacci level. The only problem with that valuation is the industry of this successful company. In Warren Buffett's book about what he looks at...
BME:IBC FX:ESP35 TVC:IBEX35
After the worries of Wall Street subside, the technical analysis tells us that we have entered an area far from the minimum of the year and waiting to rise slowly as it goes overcoming resistances.
1) Above the downtrend line (yellow), still remains 4 interesting resistances: 50 EMA, 100 EMA, 38.2% fibonacci (9826) and the week's...
FX:GER30 FX:ESP35 BME:IBC FX:FRA40 INDEX:CAC
European markets looks good after a negative open and leaving behind the minimum of the session they are seeking to reach important supports. FX:GER30 have resisted and maintained the 12000 support.
US futures ES1! point to a slightly bullish opening, so that European indices are not affected by Chinese tariffs...
It has been a while for me to update Dash against the euro. However there seems to be an exciting (short/mid term) opportunity ahead.
As Dash consolidates further into the end of the triangle, it could break in two different ways.
Red bear line: if we break the triangle bearish, expect fall back until at least 454 euro
However, I think Dash will...
The Euro has extended its gains against the Australian Dollar. The currency pair continued to trade in the same pattern after it touched the lower boundary of the dominant channel at the 1.3663 mark.
As it can be observed, the EUR/AUD pair has formed a flag and is likely to breakout from the rectangle to either direction.
Technical indicators suggest that the...
EUR/CAD has been trading in an ascending channel since early January. The currency exchange rate has formed a new high during this period.
The bull movement was temporarily stopped by the weekly R1 at 1.5417 and retraces south for a brief period of time. The pair is likely to breach the dotted line and move further south.
Regarding the short-term, the pair...
After approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline. After reaching the 50.00% Fibonacci retracement level.
The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of...
After approaching the upper trend-line of a dominant channel down pattern, EUR/AUD currency exchange rate began to decline.
After reaching the 50.00% Fibonacci retracement level. The common European currency is slowly moving downwards to test the dominant channel down-trend line up pattern. This retracement can be measured with the high of 1.5772 and the low of...
As described in last analysis, DASH reached the Fib 1.786 target and is now consolidating. A bullish triangle pattern is forming on the 4H chart.
If this pattern breaks in a bullish way, this could be the fifth Elliot wave, and the last wave before the correction downwards.
- Safe buy target: 676 (after bullish break)
- Risky buy target 649 ->
- Sell target 765
After first push until previous all time high, REPEUR breaks out of triangle in a bullish way.
Based on Elliot wave counting, I expect the upward wave to hit Fib 1.618.
MACD is showing turning direction in bullish trend.
Buy target: 24 - 26.5 euro (break of previous high)
First stop: 33 euro
Second stop: 40.5 euro
After a steady upwards trend until almost 74 euro, LTC seems to have a healthy pullback now.
Expected pullback until around 63 euro, this would also be the moment to buy.
Buy target; 63.80 euro
Expected target; 90 euro.
As XMR has a small pullback from its strong upward trend it prepares for wave 5.
The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit.
On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish...
Last days Augur (REP) finally rallied up hitting the September high of 26 EUR.
From an Elliot wave perspective:
Possible ending of wave one due to cooling down of price action. Expected pullback of wave 2 around 19 EUR (Fib 0.5) Wave 3 expected to go until 41EUR (1.618) which would be new all time high. Resistance expected around previous all time high which is...
Stolt-Nielsen is in an uptrend, and it just hit bottom. There is a decent profit potential, to little risk, if you have a target at 145 and a stop loss at 110. It is a slow moving stock, and the low volatility should mean, that you don't get to experience any unwanted surprises.