Here is a land of imagination, hopes and dreams. Magic and make-believe are reborn and fairy tales come true. Fantasyland is dedicated to the young at heart, to those who believe that when you wish upon a star your dreams do come true. Each Fantasyland has several gentle rides.* Using the RSI (Relative Strength Index) indicator with a 12 week period (equal to...
Everything explained on chart :) We have more possibility for short then long. Keep it simple!
Everything is on the chart! Keep it simple :)
My honest opinion is that one of the major mistakes globaly is that traders counter trend immidiately once price hits PRZ. Even with DT or DB you need some sort of comformation, at least break of DT/DB and wait for price to retrace back to the V bottom of DT structure or A top of DB. I found out that the best way to get comformation that trade has really changed...
Big Cypher @ AUDUSD. Keep in mind that, most likely this trade will go over the weekend unless something strange happens.
Reasons for entry : - two big FR 23.6 and 38.2 - Strong structure Stop loss : - Below previous swing low (HL) Take profit : - 127.2% FE of the move - ABCD pattern complete at the same level - Major strong structure
Above is a long-term S&P500 monthly chart which clearly represents a breakout from a major resistance zone of 1600, and sets the future price target at 2400.
AAPL has been lagging since breaking trend last January. Has held 500-515 very well lately and looks like a solid investment going forward. Would wait until after the quarter results on 4/23 as it might lead to a better price. Price: Anything below 530 should work well. Stop loss: Below the purple trend line, 450-ish currently( -14%). Take profits around...