Micron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD...
I am going to experiment with a split chart . Hopefully it's easier to follow. We will see. If something changes, I'll add updates.
Most of those Fibonacci price projections are from the previous TA I published last week ().
Those are still important and have a major...
I find those levels interesting because those are Fibonacci clusters - where multiple fib's line up. Marked with green arrows.
Expecting profit taking, if smashed, look at the next and or update analysis and see what's up.
GBPNZD has now completely retraced from the last push to the upside, Gbreaking a key zone and forming a neckline to give us a potential head n shoulders early entry. With Fib clusters at the entry zone and notice the large supply candle it is also 50% giving us a strong confluence sell target area in the market for a continuation to the downside. To add confidence...
Hey everyone, today I'm going to make my analysis on BAT and explain my point of view, so let's begin!
When we climbed, we were reaching a previous resistance (the bearish engulfing bar at 2 march 12-16h), if we watch closely, we had a long legged doji, which usually signals a top(depending on where its formed) (it's a bit subjective, may not be a doji, but the...
looking at the RTY/IWM index to hit 1532 this week according this time and price analysis. Additionally this lines up with the 1.27 Fib extension of the prior price swing. however there is resistance at the 1519 level to keep an eye out for.
Analysis on the Hourly:
Here we can see a shooting star formed with high volume, this indicates that a lot of selling was done at this point.
If we watch the rsi closely, it formed a double top, which indicates going down.
Now there's two possibilities:
1) Either it keeps going up and touches 652-655 (Fibonacci cluster) ,
2) Or we have a short-term...
welcome to another weekly overview of SPX500!
Let`s take a look at the year and what we see is a huge but delayed Sell-Off compared to the european market!
SPX500 started this year @ 2.666 and was struggeling since then! adter the first sell-off in January 2018
loosing more than 12% we`ve seen the first signs of fear and panic. The...
Hey everyone, today I will bring you my perspective on this rally.
First, I can see a Three White soldiers pattern formed , with the only noticeable problem being the Volume dropping a bit while rallying.
This pattern is common to see after a strong downtrend, indicating a possible reversal in the trend.
We can also see that a Bullish Divergence as occurred...
This chart is loosely based on Carolyn Boroden's work with 'Fib Clusters'. I have plotted the 0.5, 0.618, 0.786, 1.272, 1.618 and 2.618 fib lines from every swing low to each of the next 3 swing highs (since the start of the bull). I've also got a $20k - $6k in there aswell. I find it interesting to see how at the $11.7k double top, price was rejected by a tight...
Daily FIB 0.886 aligned with 4 Hour 0.50 FIB. Price is struggling to break this level. Retesting previous resistance, Demand Zone.
Descending triangle forming. Watch for breakout of upside or downside.
Waiting for retest of either direction breakout. Anticipating breakout to the upside.
AUDUSD Expected to Trade within a RANGE of Consolidation accumulating more market interest between 0.76 and 0.745
This 150 pip range seems to be reasonable given the average daily volatility on this FOREX Asset
Looking for a break out to confirm directional bias
Weekly: Price is approaching a Weekly Supply Zone that served as a previous 2x Top Neckline, it also wants to possibly retest the broken weekly triangle support trend line.
Daily: Price will be looking to complete its extended 5th wave. Bearish Divergence.
4 Hour: Price broke through the Daily 0.27 FIB and is currently retesting it, if it breaks through the 4...