After a strong move today we should see continuation to fib levels above. A pullback after open would allow an opportunity to size up positions with stop loss at the fib below. Fib levels above as targets.
USOIL looking perfect for a long Huge rejection of the 78.6 as well as a higher low on the 1H timeframe. The prior wick indidcates some strong buying pressure from the region below and a long makes a lot of sense. Stops just below the prior hourly wick, take profit at $44. Hope this helps.
Same bullish thesis with different fib levels drawn from different highs and lows, we will see which prove to be more accurate.
After breaking out on Friday but failing to hold and closing just below, it looks set up to continue next week with good market conditions.
4$ 31st August 10$ 10 September 30$ 17 September * Best case scenarios
Just had a wave down on CRV, I expect we'll trend higher to the 0.382, 0.5, or 0.618 retracement before seeing another dump lower. Have profit targets at the 0.382 level, and then will manage it by ear, stop loss is below the recent low below $2.5.
I am not overly confident in this play as i feel once IWM completes it 100% retracement there will be a pull back in the market, especially getting closer to the election. But if my theory is wrong, Amazon like $TSLA and $AAPL should be the next big mover. I do expect AMAZON to follow suit and eventually do a stock split. This will most likely occur once we pass...
As the trend is being confirmed, the price for GOLD/USD will face strong resistance around 2020-2030. This is confirmed by: 1 - Strong support on the past, now a resistance, located around 2025 2 - Fibonacci levels on the down trend channel, indicating another target around 2026. (I performed an analysis on this one yesterday) 3 - Fibonacci levels on todays...
EURNZD after the double bottom and the break of weekly resistance is now reaching a daily resistance. Market will possibly retrace till the support at the 0.382 fib level or even at lower 0.618 weekly resitance (red colour) before start again the bullish move. At the break and close above the daily resistance we can set a nice long order according with Plancton's...
AUDJPY on the weekly chart (left side) is now testing again a weekly strong resistance around the 76.400 area At the beginning of June price hit and got rejected sharply by the resistance zone, hit the 0.5 fib retracement zone and start again a new impulse to the upside. IF the market will break and close above the weekly structure we can look for a nice long...
First trade of this week, adjusted the SL level a bit to get a better r:r on our trades. Let's see how it works out. After 4 trades: +2,77% 2 W 1 B/E 1 L
All corrective moves for BA so far but looking for some near term upside.
History seems to repeat - not a prediction - always looking for the back-test.
TKY just got a big pump back to life like some sort of undead rising to a heartrate monitor. TKY suddenly did a fast 300% the other day, don't know if you saw it, then see sawed up and down a few times and now looks set up for a proper breakout, buy when you can, first come first server, the liquidity and volume are pretty low, easy to make fingers up, watch...
Here we have that colorful indicator called the Fib Circle on Trading View ( which you will find in the left hand panel indicators above the paintbrush tool and scroll down . ) I don't think FUN is a buy now but I'm looking to see when this might be in a buy zone later this year . From the way this fib circle is laying it appears that there will definitely be some...