Looking at the daily time frame a cup and handle formation is forming. (This is not financial advice, this is a volatile market where anything can happen)
SENSEX INDEX India This is another index that looks like it's topping out for the summer. The great bull campaign from the 2009 low at 8075 to a high at 36370 over 9 years is in its final stages. Echoes of the Dax here. A break below 34291 will trigger a short opportunity here back to 32516 where it should attempt to bounce - but it won't get far when it...
Dax Index DAX Topping Formation Short Set-Ups If you trade Bitcoin you will be familiar with this pattern for sure. Having broken below the longer term lower parallel the Dax has fallen away to structure lows to left of price, dropped a little lower to take out the last swing long stops - and then promptly swung back higher again. In doing so it's tracking...
WTI: USOIL West Texas Intermediate Unlike on Brent chart there is only one clear and true reverse head and shoulders evident on the WTI chart (left shoulder not 'true' on the smaller one, yet so clearly evident on the Brent chart, please see companion forecast for UKOIL for comparison). So this chart is still forecasting longer term upward pressure to...
Brent Crude Oil UKOIL Update Bad Bad Thing Sometimes you have to own up to an over-ambitious call, this one made worse by sheer blindness, which really stings. It ain't an eroor in the chart which is as good as gold still right now. More an error with the pilot...who spotted a large and still bona fide reverse head and shoulders with an eventual upside...
Looking at the daily timeframe we see room for growth on the indicators and a possible big inverse Head and Shoulders formation happening with 12k+ targets. (This is not financial advice, this is a volatile market where anything can happen)
Refer to charts for entry and targets. Double Ichimoku Clouds still Bullish overall. Entry supported by Lower side of wedge and Double Settings Kumo.
The RSI Bear Divs and downtrend line resistance signal a pullback. The twisting Kumo (double settings) and already bullish TK cross and kumo on single settings signal continuation upwards. Increase in volume signals accumulation by "smart money". Overall market sentiment tells me it's altcoin season. All these considered I think this is a good time to get long on...
EURUSD As DXY goes up so this pair falls, sliding down a pair of competing parallels towards the 1.2027 line and probably to the 1.1915 line by mid May. But in very near term it's already touching the lower parallels and is likely to push back as high as the upper parallels at very best on the attempted counter rally from here. Continue to sell rallies until...
As you see, look at this triange formation since december. I estimate that bitcoin will rise in 15 th april. Lets track this formation. Take Care. www.muikka.com
Bitcoin is showing MACD cross + low RSI the last couple of days, which indicates room for growth. There are two possible BTC scenarios if the wedge continues this formation, we can have an early breakout (#1), if that one fails we go for scenario (#2). NOTE: The upper wedge line could be a little bit off, because there is no wedge confirmation yet. (This is not...
Pretty ugly chart, but we'll look past that for a bit. BTCUSD has been making multiple M formations over the last few weeks and it appears we are retesting the neckline of the M that began at $7,200. By formation, the target for the decision point lies in the range of $8,300, along the .236 retracement point on the fib levels running from $6,000 to $11,800. If...
Price has just broken entry line on 1H chart, coming from the downfall of a double top formation. Should get a 1/1 risk/reward with an almost 50 pip goal.
It's been a while but lets get right to it. Weekly The orange line I drew up is from the highest high back in 2011 (about a 3,745 pip range). This line was broken last year in July. Recently it's established a consolidation area in the past month and can be seen that momentum has slowed for a bullish outlook. As you can see the recent top has not been...
US markets stay hyper inflated and the trend is continuing on the same path. UP! Now that inflation data is out we can trade without inflation concerns. Concentrating on our tactical entries while minimizing stop losses. Price is forming a wedge and squeezed upward eventually poised to break out. Any deviation from this will result in a broken trendline on the...
Hi everyone; This is my big idea about Ripple. Keep calm and buy Ripple. The big blue line is the very strong support line while start of ripple. and you can see the big Elliot wave and Fibonacci lines. Ripple is the very strong and technical cryptocurrency. i trust it. Don't u ? ;)