Check out our previous ideas on this pair! After breaking our descending structure, price formed a double bottom before bulls took over the market. Strong bullish momentum in the markets has continued today with long term targets at the top of previous structure now in range.
The S&P is bouncing around between lower levels below highs. Currently 3910 is providing support, but may be forming the neckline of a head and shoulders. Stocks are looking very weak right now. The Kovach OBV is a bit oscillatory, but is broadly flat. The Chande is in the middle which suggests we may be looking at a further retracement. The first level of...
Here's an update to yesterday's idea. We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
The S&P has hit our price target exactly. We had identified 3963 as a potential target using our Fibonacci Extensions several days ago. Currently stocks are ranging, feeling out the new price territory. It could go either way from here. We could see another retracement, which would take us down to 3937, 3928 or 3909 at the most. These would be good...
The movement in GBPUSD is very definite and long. The last buy opportunity was on Friday at 1.38, and we are now heading for 1.40 The level of 1.4000 is psychological. It has not been reached since April 2018. Usually these levels are a time when most buyers will reap the profits. This is a good time for those who have buy trades to close. And also, if we tend...
We've seen USD weakness continue into the new trading week. Price produced a lovely break and retest setup on this pair, breaking our yellow support zone and retracing to retest this area - before price fell 85 pips in the following 4 hours. Price now resides at long term support. Will we see this level broken or will dollar bulls be sitting at this level? Have...
Now we are in resistance zone. decrease is probably. Buy zones are: 0,55, 0,52, 0,50, 0,44 ...
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Now we are in resistance zone. Decrease is probably. Buy zones are: 1765, 1744, 1700... (green line)
Look at the Trend Based Fib Extension from the 2017 low to the 2018 high. The resistance from that is literally at $250 or so which is going to get broken very soon. The real pain here is not a 80% drawdown, but selling your bags before a 10x.
Key Resistance & Support Levels for LTC
Hello, great to see You here! If You would like to see more of the trades, press that "Follow" button! Also, don't forget to leave a comment down below, what do You think? -------------------------------------------------------------------------------------- As we continue the bull run, ADA is going parabolic. On the chart, we can see an ascending triangle. It...
Stocks are consolidating into a triangle corrective wave. This is a perfect consolidation pattern an suggests a breakout is imminent. We are bullish of stocks and anticipating a bullish breakout at open which will take us back to 3928. From there we will likely meet resistance and consolidate further perhaps in a bull wedge before breaking out to higher highs. ...
What we can see here? Price is currently rangebound, bouncing between key resistance and support levels. We have seen wick rejections at our support level. Price has taken longer than usual to turn bullish, will we see bulls take hold once again, or will bears take hold and break out this range to the downside? Lets see what happens. Want to discuss this pair in...
We called out resistance at new highs with stocks for many reasons. The higher highs were increasingly less pronounced, momentum was sluggish and the Kovach Chande was gradually tapering. That and being at or near ATH's would take some momentum to break through. We were spot on with this analysis. The S&P tried to break new all time highs, and did so for a...
Here are some key levels for HAL 1-650 2-753 3-905 4-1027 5-1423 Trade accordingly :-
Stocks have continued their ascent but are slowing down. Indeed, we are seeing higher highs, but at a decreasing extent. This suggests that a healthy retracement is coming. We are still 100% in bull mode, and would still solidly be so even with a retracement to 3824. A 50% retracement of the Fibonacci levels shown is much more likely, which could bring us to...
Stocks are facing some resistance at 3909, after breaking new highs once again. Our Fibonacci extensions predicted a price target of 3928, which the S&P will hit once it is able to break through 3909. It is likely that it will retrace from here first. The Kovach OBV was strong but has plateaued, and the chande (purple line) has dipped notably. We are still...