What we've seen the past few days from Ripple is a sustained reversal pattern since the all time lows of 0.12 There is renewed interest for this cryptocurrency and potential break from that 0.2 resistance. The downside is very limited. But you should always place stops regardless. Trade safe Trade well. Peace
Fibs and support working together providing high reward low risk setups.
Before taking a trade, always determine the risk/reward ratio and ask yourself if is it even worth taking a trade is risk is higher than reward.
6M DZ in control, W downtrend broken, new W Dz creating, with positive Priceaction for Bulls, with Engulfing Patterns..long Bias till 10.700-11.000
Here we can see a reliable cypher pattern heading for resistance at the fibb .382 and previous resistance level. Price is slightly overbought as seen with RSI and stochastic. If I were a betting man I'd say we're going to see a drop here very soon.
Volumes have been low for quite some time now, Reuters Lippers data for the week ended June 7 showed increased flows into US treasuries and global bonds. Spinning top signals bullish exhaustion… needs a bullish follow through… that would confirm a short-term top has been made. A bearish follow through on the weekly chart would open doors for a bigger correction.
AMAZON: AMZN This stock has just broken out above a restraining parallel that's always held Amazon back for the last 3 years. Today it gapped through it. It's super-bullish for Amazon stock holders and super bullish for all markets too in the near term.
This chart is based purely on technicals from the crash in '87. I'm amazed how consistently markets "mean revert". With no consideration of fundamentals, I think the over extension is happening because of the over correction in '08. No matter how you look at it though, the next crash will be bad regardless of when it happens.
Bouncing off the upwards trending bottom of the channel on sunday/monday however velocity was low. There is a potential down-side channel forming Leading to support Level 1 (Yellow Channel), and current resistance short term seems to me just below the weekly pivot @ 7189. This could be another good entry for an R2 Breakout like what happend on the 10th. R2 sits...
SPX is trading tightly withing triangle- we might see bears wake up if it breaks the uptrend support.
The index could extend gains to a high of 21890 as the monthly RSI is pointing upwards, but more importantly is yet to hit the overbought territory. This also suggests any weakness could be bought into.
PAIR: AUD/USD TTF: 4HR TRADE: BAT PATTERN NOTE: These are potential Trade opportunities based on my own personal Analysis. Thank you, Star Prosper Philip Stewart
Dax is going to face 10500 until the end of this week, probably during the first part of it. The bearish movement could begin from 10700. The Equity is extremely short from this levels and with this weekly pattern
If trump wins I expect a market crash, around -8% from the current index price to summer 2015 lows, around 1920. To enter a short position though, I will wait for the MACD on weekly to send a sell signal, at which point the loss for the markets could extend further than 8%. I will make sure to keep an eye on 200DMA because a new president means that many long-term...
A Trump victory would help support my bias toward A major market correction, caused by the fed raising rates far beyond the 50bp increments that has been talked up in the past. I do believe A major correction is due. but the owners need a Scapegoat. A Clinton victory, in my opinion, is already priced into the global marketplace. Either way, on November 8th, I...
From 10280-380 area there was a very good price area that could be considered as a BULL area. The problem is that this movement was denied in area 10800. Now this area is to be considered as a Short area, because of the non-performance of the Long movement from 10380 The 3 targets are: 10380, 10270 and then 10100
Since the price at Resist level,my thought will sell the stocks of goods and hold the price until end of this week.