* First one is a Gartley Pattern, not a BAT*
Advanced patterns work best when the market is in consolidation. A great example is the German Dax where we recently saw two advanced patterns both hitting two targets. Now there is a third possible chance to get involved in form of a bullish cypher pattern.
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The S&P Index is hovering above the 2068 mark which remains a crucial support zone at the market, measuring 3 multiple tops since early 2015 the S&P index is likely to test its 4th Monthly top in early 2016 at 2105 which is very likely to test in a few trading sessions.
From measuring the distance between June 2015 lows to early 2015 tops, we have a 9.23%...
Updating my previous entry that was based on the trend... It seems the support level may be rising and a potential break out of resistance levels. We'll have to wait and see, I'm not going to trade this for now.
Clearly the market has been particularly strong the past few days....
I have a solution. Use the moving average 50 period low.
Check the 4h chart on US30.
Insert a 50 period moving average low.
Insert support and resistance lines.
You will notice a couple of things, at the end of the last equity rally, it was profitable to short the market EVERY TIME once the price CLOSED below the 50MA. In other words you couldn't go wrong...
Janet Yellen once said global markets is a factor .. Well HERE IT IS AGAIN
Find opportunities 2 take advantage of a investors fleeing away from the dollar around this time
Weekly chart indicates UK100 in a bearish trend setting lower and lower highs. RSI and CCI show overbought market which means that bearish trend is going to continue for at least few more weeks.
Stoch RSI is at 96.47/98.08 which is a clear sign of over-bought market. Given the fact that Goldman Sachs increased its recession expectations from 20% to 30%, one...
After Fridays candle close (Bullish engulfing off key support) and heavy rejection on weekly candle. We are set up for a retracement to Supply level highlighted before our next possible move down.
Target: 2000 level
SL: 1800 level
The reason why we feel DJIA may Rise.
* On weekly basis it has started moving up
* To Rise and come near 17287, 17418 levels .
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Rising.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy call shall be from Buy above :17151,...
Gartley (blue triangles) has completed with profit targets as indicated by the green lines.
This could potentially run into a completion of a cypher pattern .
Sell the Ibovespa now, and if it reaches there, buy at 40,000.
DJIA is expected to rise.
There are many reason why we feel it may RISE
01. It is trying to touch Monthly Risk buy level of 16719.
02. BULLISH ENGULFING in WEEKLY Chart.
03. To RISE and come near 16597.
04. Stoch RSI (3,3,14,Close) clearly states it may RISE.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is of the same view.
Keeping all...
DJI is expected to RISE now.
There are many reason why we feel it may RISE.
01. It is taking support at quarterly levels trying for a big jump.
02. Bullish engulfing in daily Chart.
03. May reach weekly target 16326
04. Stoch RSI (3,3,14,Close) states it may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the...
Approaching the apex of the symmetrical triangle drawn here. I am hoping for a break out to the downside at point 7. I would then expect a pullback at previous structure, and then have a main profit target at strong levels of previous structure.
The upward break at point 6 is also potential for a small trade.
There is a difference of 91 bars between the 2000 - 2007 tops in the SPX and if we measure the time distance between the 2007 - 2015 (2134 high) we get 91 bars again! Interesting,huh? Furthermore, if we take a reverse fib from the 2007-2009 bear market we see that the 161.8% Fib prints a reading of 2094. Interesting price and time relationships in the SPX.
I am still holding the contracting triangle wave 4 count as my primary count on the SPX until 1867 gives way. If 1867 breaks, then Wave D on the chart around 2116 is a truncated wave 5 and we will be heading much lower. All eyes on 1867!
I've paused trading the DAX but can't help [ but notice it's price action on this rising trendline on the daily chart. Break below this and things will surely get interesting. At the end/top we have this triangle pattern.
