COULD HAVE A FALSE BREAK WATCHING THE HOUR TO CLOSE BACK UNDER HERE FOR A POSSIBLE SHORT ON THE HOURLY
As I got my order filled overnight, first thing in the morning I saw that prices had gone up on low volume which is an anomaly, then price had dropped rapidly forming a very wide spread bar with low volume which is another anomaly. And now prices are moving up on high volume wich is as sign of strength. If the high volume movement lasts to the last swing high...
Hello folks, so as I mentioned earlier in my previous posts. The CAC40 would go higher (so would European indices, but the German DAX wasn't as eager as the French index to do so). The 4300-4450 range worked perfectly, and we went even higher (4500). However . Thursday's (August 11, 2016) US markets was clearly "algorithmically" driven. I think that scalpers and...
Hello folks ! This is my first post on tradingview.com. This is an abstract from one of my blogs: www.lucky-index-trading.blogspot.com Enjoy :) I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700. First bearish target: ~3450-3500 Second bearish target: ~3050 Please find below a graph (weekly)...
Bearish divergence on the OBV indicator and we have stuck right at a major resistance area shows we probably will pull back
Please see annotated chart for details.
48.61 - good opportunity to sell
As it was the case for AUDUSD, this pair consolidated in an ascending triangle for quite some time. However, anasty false breakouts of this triangle signal more weakness ahead.
Potential false break above 127.000. Sellers quickly managed to push price back below the level. The bearish trend seems to increase in strength and looking at the measured move objective we could get a substancial bearish move if the false break manifests. I would only look to short around 127.000 if we see a weak pullback into the level. If the move into the...