Bloomberg (or was it Reuters?) predicted in November the economy would be moving sideways in a correction phase till mid-autumn 2016 at the earliest... Seems correct so far The head and shoulders is a bit obsolete but still can be considered a vague indicator of the direction (based on volumes). Fibonacci levels are agreeing between the different peaks and...
Again, most indicators are leading to a correction; I'm going short. With the recently tested 23.66 resistance, plus the blue downward-slopping warning line from the pitchfork, I'm guessing the price action in the next few days won't go above the 23.66 price point. The hourly and daily lower indicators (macd, rsi, cci, slow stoch) are all showing a possible...
Over the next few days I see a reach for the .5 Fibonacci level (1.90), or the Pitchfan line; whichever comes first. Heavy support from at 1.80 from longterm fibonacci level. I believe the overall trend is still bear for this penny stock, but for the interim its bull.
Daily indicators are showing strong bearish signs. Hourly and minute indicators are showing the opposite. I'm therefore assuming a bull will be loose for the next two days (maybe three), then it will break for the median and lower support levels.
INFY IS FORMING A CHANNEL ON 30 MIN CHART. MACD IS CONSOLIDATING WE MAY SEE A BOOM MOVE
Not much into harmonic theory, but this is a clear AB=CD pattern. Strong correlation between price action and downwards pitchfork. RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
In short, the next few days will be in a bearish or sideways move. I'm predicting a strong correction to the median line in the next week or so
1.Daily MACD hidden divergence and zoomed to H4 MACD hidden divergence. 2. HH, HL formation. 3. RSI is Overbought. 4. 50% Fibonacci Retracement. 5. Strong daily resistance zone.
Synopsis: RSI, Stoch, MACD all point to up trend. (Strong signal) Fibonacci confirms strong levels of support (26.70) and Resistance Pitchfork showing downward and sideways trend, with price on the median. Fib arcs show upcoming resistance zones (counting one we just entered) I labeled the action reaction lines to help better understand what I was and am...
Strong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards...
My data miner is showing high probability, based on last 20 years, of VOD going up Longterm neutral Andrew's Pitchfork at roughly 33.50; Shortterm schiff's pitchfork bullish (and below price action); Showing strong support/resistance at fibonacci levels ActionReaction showing a downtrend yet realized that should end around 4/22. Fib Arcs showing strength by...
EURGBP Has had a retracement form the current uptrend, and has seemed to flatten out, which is a sign of reversal. The point where the price has flattened out is at fibonacci 38,2, as well as between EMA 100 and EMA 200. The price has respected these EMAs multiple times earlier. MACD are starting to show bullish signs, as well as RSI is struggling near oversold...
NZDUSD is trending up, with EMA 25/50/100/200 showing uptrend, as well as RSI trending up, MACD having a reduction of short pressure and SM is trending up with higher tops and higher lows. As such I will enter one position at .696, as well as a three orders at fibonacci level 38.2, 50 and 61,8. These fibonacci levels are close to the EMA levels, which should...
Canadian dollar pushed the Euro below the 1.4570 level and a key 12-month rising trendline. Follow-through will be driven by a lift from oil prices, Canadian unemployment data from last week should continue to provide momentum. Participation from Euro depends on Thursday CPI data and continued rally in equities. Placed a short at 1.4570 with a stop loss at...
- MACD Timeframe Indicator (12, 26, 9) Hourly and Daily Timeframes showing bullings patters as both are > 0 and MACD > Signal Line - Ichimoku Indicator pointing higher with Kijun Sen above the Kumo Cloud and Price above the Kijun Sen
FX:EURGBP This pair invalidated my bearish prediction last week due to fundamentals pushing it up. At this point, I think it can't ignore the technicals and will have to go down a bit before continuing its movement up within a channel. It is overbought on multiple indicators including RSI and Stochastic and there is a clear long term MACD bearish divergence. We...
EURUSD is showing a nice sell setup. It has just finished a crossover in the stochastic and also pitchfork aligns with the sell setup