As we know, today the market dropped incredibly in according to the Asian markets. We have been playing off the same trendline support for the past month and a half. Every time we come down into the region we form either an inverse head and shoulders or cup and handle as our reversal pattern. This time we formed a cup and handle pattern. Usually during reversals,...
AAPL showing weakness in its uptrend, this is actually a large bear flag pattern, we saw price break through the angled (dotted) trend line, It has consolidated after and created a head and shoulders pattern. It also has ran into resistance and 50% retracement level. Volume has also declined as price moved up showing divergence between price movement and actual...
Another bounce play, we have a triangle pattern or abc pattern forming on the bottom of this trend. Lots of buying action in anticipation of this move. The chart says the rest. Long at 19.67 with a tight stop just under. Out at 20.34.
Updated video: www.youtube.com Let's take a look at today's trading together. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart FACEBOOK: facebook.com YOUTUBE: www.youtube.com
Short red box , fib .382 on 1D chart and 15M , Stoch is down trend with divergence. , SL 1.09 TP double
Tomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into...
So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...
Target 1 = 1.1068 Target 2 = 1.1252
Audusd Short cyhper, 1 to 1 risk to reward just an idea
Hi guys, just sharing my idea and seeking for advice too. As i see it ( you might not see it as i do ) we should expect some retracement of the major up trend that this pair is having. To justify that we have price going below 200ema, break of previous structure, and a possible head and shoulders pattern, our target could be 0.5 retracement, and zone of support...
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
Ok so i've seen this kind of pattern before when i lost alot of money but anyway by looking at this chart i think EUR will make a new low if it breaks that support which is likely becuase most of the people will enter for long positions here just because they think that last time EUR bounced from this point but this time it won't if the statement made by someone...
VIDEO: www.youtube.com Good morning traders, we're sitting on 800+ pips to trading harmonics for the past 2 weeks and we're ending out the month on a good note at that. Let's take a look together at the DXY and the EUR/USD and await the FED news for potential trading opportunities. Thank you for all the support everyone, means the world to me. Star...
waiting for the completion ... target 1 : 1.06752 on the 61,8% retracement target 2: 1.06054 on the 79% retracement
THE IDEA AKRX is testing levels last touched in February. The potential to break higher exists if the market overall also continues higher from where it is trading today. THE TRIGGER If AKRX is able to trade above 52.78 with above average volume the day it does this could be good confirmation of buying pressure and a trigger to get long. The idea is to hold...
I am in once it crosses 5 cents over the 5DMA Entry at 13.67 Target: 14.62 : 7% Stop: 13.15 : Loss: 3.6%, A Profit/Loss ratio of 3 : 1 regards, Jason | Tbltraders.com
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...