For the past 8 day candles, the price closed with higher lows. But alas! the ninth candle which we are seeing right now breaks out from the streaks. Now, I wanna avoid the complicated stuff and just dive into 2 simple decisions: 1) The price is breaking below the range, the dollar is still climbing and so is the US stocks market. Imma gonna wait for a clean break,...
Twain observed in Pudd'nhead Wilson; "October. This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August, and February." How about a December crash? If this model plays out Santa will by cryin'. Notice rejection this week at TL. Downtrend continues....
JW if this 3-day rally is another fakeout, has earmarks of a bear flag rally, very hard to call a bottom yet, consolidating, fluctuating. Trading at area where price has provoked bear reaction, the EW model suggests we might expect retest of lows, and possibly a lower low. Filling the gap down from 249 was expected, top of the gap = pivot & resistance; breakout...
Zcash está envuelta en una cuña descendente masiva que parecía haber roto con la formación de un triángulo descendente de 3 meses de duración. Esto confundió muchísimo, clásico de los falsos rompimientos. Se dice que un falso rompimiento es el doble de potente que en fuerza contraria al movimiento falso, por lo que se espera que la tendencia bajista continúe...
Today's 400pt lift in Dow was unconfirmed by volume which declined as price rose. VOLUME DIVERGENCE violates basic Dow Theory: The session volume in each day's trading reveals nearly all the session volume was traded before the thin air lift at the end of day. A move against trend must be confirmed by increasing volume to be a true trend change, else it is...
Doubled fake break out at trend/channel line + hammer candlestick pattern as confirmation.