A lot has happened over the last few months, this daily chart displays the prices bitcoin might head for in the near future. As you guys might have noticed, bitcoin has been consolidating in a pretty tight range (430-470) for the last few weeks. The breakout move will have major ramifications on future price action. Chart is self explanatory so I don't think...
Over the last year a very large triangle pattern has formed in the CADCHF pair. This gives us a great long term opportunity to buy. Stops would be below the boundaries of the triangle. Good Luck and Happy trading !
Corn, shows them in his past aggressiveness very agitated and violent movements, and possibly in future also this is his behavior, reacion, added to it, it is clearly a cone shape, taking into whether the price, and giving its characteristic shape, plus you can see the possible formation of a huge formation type "W", which appears to have a huge reacion future.
The retracement has been done below its intrinsic valuation due to weakness in overall bank sector. I believe this stock is a fast grower and at this valuation it is great buy.
Beginning of W Pattern started around April 20th 2014. We are currently in the trough of the W center. Looking for a swift downward move before retracing to April 2014 levels. We've now reached a Double Top on the weekly TF, and poised for the beginning downward move to .6250 area.
We have one possible long position on the COMEX:SI1! 1. If price touches the blue area, check if there is divergence on either MACD or stoch . At the moment we can see MACD diverging from the price. If step 1 is fulfilled , continue. 2. If step is 1 fulfilled, we want to see either a double bottom or w/m pattern forming on 4H or 1H . Will...
Analysis: 1. Overall bearish trend. 2. Daily bullish correction before the trend continuation. 3. Smaller correction in a form of bullish flag. 4. Bullish flag might be a part of a head-and-shoulders. 5. ABCD pattern in a C point. 6. C point also is a previous support level. Should serve as a resistance. Trading opportunities: 1. Buy @ flag support, first target...
USOIL bears are burning out...this can be noted by looking at at the bullish divergence on the daily time-frame Early 2016 has good strong signs of a bullish market in U.S Oil However we must realized that the overall trend is bearish and that eventually the bulls will be coming back to continue the death of U.S Oil. The time the bulls will come back can be...
as We can clearly see a good descending triangle, you just have to follow their formation, but nearby a strong impact is with a clear upcoming cluster
I'm already short on GBPNZD for about over a month still holding. Maybe its time to add some more. Lets see if this is going to work.
It might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle,...
Gold on a way to $1000 and below?! Looking at weekly chart I can’t help but to see GOLD going down possibly to $1000 or even less. Lower highs and lower lows are supporting this idea creating form of descending triangle with possible downside even lower than $1000 – if that level fails to hold (which is btw very strong psychological and technical level) $715 would...
I would like to keep this post strictly Technical because Technical Analysis cannot be debated the way investors debate Gold as an investment from a fundamental perspective. There are numerous technical indications that Gold will rally. First would be trend resistance from the 2/1 Level of the Gann Fan along with the recent bounce off the ~$1050 Support level. The...
Unfortunately we hit last stop loss but there was no close above the previous highest high. So, there is a high probability to catch the trade again. Risk averse traders can join the trade by sell limit at the low of this week candle. FX:USDCAD If Risk is too high for you .... wait for nice price action/ pattern formation in lower timeframes. Reason for Trade...
I am still a convinced bear on XAUUSD (see "Is Gold Still a safe-heaven") This bearish divergence signals us another opportunity to short XAUUSD at a good level. Moreover, we are hitting a more long term resistance (see in D). My first target is at 1145 around the 200 moving average (in red). Then we would need an update on a more long term chart to know what's next...
Everything is already written on the chart
Both #GOLD and #SILVER are in correction phase for exactly 4 years now which looks like ending very soon. Bullish Divergence on both metals is already giving strong signal of Bulls getting ready for longer term... Keep eyes on it !!