Might be H&S forming, but also could break higher. Not really sure right now, but it looks like a big move could be underway. MACD looks a bit unclear, CCI appears to be bottoming, RSI looks like it could rebound but near 50. New phone looks to be a bust, and is just meant to be a filler pre-7 release.
FX:EURGBP Time for a sizable move down as indicated by the divergences on the daily chart.
Very simple setup Very bullish outlook !
Just like EUR/JPY this setup is clear and is making higher highs we also got a bounce of the 0.618 FIB level time for a new high ? Very likely Also id like to apologise for the very basic descriptions very busy just trying to get the setups out to everyone :) Trade safe
Very clear and simple short setup Good luck :)
KODK is circling the drain. Their balance sheet and quarterly income is very unimpressive; they don't look like the books of a company on a rebound but rather a company winding down operations. Q4 2014 they had $260m~ assets over liabilities, that number is down to a scant $75m~. During the same period, cost of revenue is down about 17% vs revenue being...
FX:USDCAD We have multiple bullish divergences here indicating further movement up after a short retracement down finishes. The order is put near the weekly 50% fibonacci level and take profit is aimed at a resistance level that has been strictly respected in the past. Although I will be monitoring price action in case the retracement isn't that deep and the...
FX:XAUUSD With these bearish divergences it looks like the time for a deep downward retracement has come for gold.
Possible trend change in Atlas Copco as you can see at the bullish divergence in MACD and RSI. But it depends much on the company’s future and for Atlas Copco that is hard to predict.
The S&P 500 has been rallying strong over the past couple weeks. As you see it might come to a stop. The RSI is high indicating that the the S&P 500 has been overbought. Also the signal line in the MACD chart is crossing below the MACD line thus signaling a short. The final indicator that is might trigger this fall and potential profits is the penetration of a...
This rally is looking a little long in the tooth. I am not ready to "call a top" but there is evidence of weakness in the small cap stocks. I do not like when small caps lag in a rally and we have IWM (Candle chart) and the QQQ (red line) lagging in a major way. If they turn over, do not underestimate their ability to pull down the rest of the indices.
We have a nice GU long option for the GU. At all times, wait for confirmation and lookout for breakouts. Don't trade it if it breaks through the support level or structure level. Again guys, watch the annotations in the chart and all best of luck! Best of trading. - Max
Long term trade Nice continuation setup higher highs higher lows daily showing signs of bullish price action broken key level and signs of a push higher :) Many other reasons but keeping this one short
Reasons for -Firstly as we can see on higher time frames we are down trending -We have come to our key level at 0.75000 and shown a strong level of RES numerous times -Also our Fibonacci Lines up perfectly with our key level which price has reacted to at 61.8% level -Now the retrace is over we can look to go short ! -Also We are in a corrective structure !...
Reasons for -Daily we have Had a nice up move now we have had a to a key level at 1.0000 -Also we have had 3 Dojis in a row -Showing obvious Rejection from our key area at 1.0000 -On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level -Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
Maybe its time to make a new Lower High ? lets see end of the previous wave The C wave is over as we just had the break out this looks like a really good setup :)
Reasons for -As you can see we are down trending on the four hour -We recently broke the key level at 1.35000 -We just got a retest and has rejected our previous area of Support now that become RES