BTC needs to form this Higher Low on the daily . If it can the BTC recovery is looking a lot more positive. The Daily MACD has crossed but BTC still needs to confirm higher low . The first test is the 9500 level and if BTC can break above this and form a new higher low over the next week this would be a very good sign that the recovery is underway. Also to...
S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
BTGUSD Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within...
EURUSD Don't get Spiked in FOMC aftermath Eur stays under pressure whilst trapped within the parallels - a break above the upper parallel means trend change back to positive for EUR - not a spike above the parallel (FOMC) - a successful break and hold on retest to know that trend is changing back to positive for EUR. Update: A fantastic break that we usually...
BITFINEX:ETHUSD broke into new highs out of triangle as we expected in previous updates and now sharply moving towards our projected levels around 550-600 for wave C. Every cycle needs five subwaves and we don't see them yet, so more upside in view!
DXY Dollar Index Update The limit of DXY strength was meant to be 93.49 - it was actually 93.51. Close but no cigar. That should be it for the dollar rally now. It should start falling away down to 91.05 but will likely put up a fight at 92.74-92.50 range as it declines. Good for Gold from here - look to buy on weakness (next comment)
Gold/USDollar XAUUSD It's all about the dollar for now Sometimes gold is a fabulous market to trade - when it gets itself in a trend that traders can see glinting at them off their screens the impulse waves it goes on to form are some of the best in any market (except Brent Crude which wins top spot for powerful, tradeable impulse waves, see today's...
DASH/DOLLAR DASHUSD Reverse head and shoulders with minimum upside target at 464. It's then morphed into what looks like a continuation pattern from September through early November, with a beautiful pin bar from the right shoulder ...which is itself the head of a tiny final reverse H&S - before Dash explodes northwards on aggressive buying interest. And on...
Bitcoin Update The Shape this is Throwing So far, the parabolic shape Bitcoin is making remains very encouraging for the future. If it can now hold up today between the old high area at 7450 and the new parallel , now at 7425 between now and Tokyo and China opening we could see some spectacular gains...it just has to hold up now... Stops for day-traders...
BITCOIN: BTCUSD Less BS version More Chart What will be giving cheer to bulls right now is that fact that it's holding up so well around 1735 and down to the next listed fixed support at 7077-7065... no one really wants to sell... it's coming up to a speccy buy here when it retests 7077 or alternatively consider putting a buy order in around the 7015 level...
UK OIL: Brent Crude: The medium term trend remains positive whilst within the parallels shown on chart, so whilst above 58 Brent looks to have more upside still, and should go on to test the upper parallel at 63.30 once minor resistance at 60.60 is breached. Will be looking to close down longs at 63.25ish and then wait to see price action develop at 63.30-63.50...
we looking for a breakout this line then we can go short to next level at 148.30 its a Fibonacci level .
Guys just smile and leave some positive comments... Thanks :)
BANK index: There is an enormous Adam and Eve double top forming inside the sideways channel. This may suggest that price is going to fall back to support. However there has been a lot of bearish divergence over the past two weeks and a corrective move bullish may push price into a breakout out of the sideways channel diverging from the bearish double top. As it...
AAL looks like it has slightly diverged from its bullish breakout of a falling wedge. None the less Friday did close with a large bullish candle after a huge gap down divergent to the falling wedge pattern. Price has been trading with the support of accelerating fan lines and may have an overall target back to the lower support line. However oil this week looks...
DAL just like AAL looks like it is ready to breakout out bullish from a falling wedge. Price is oversold on Stochastic's and the Sentiment Zone with the RVGI crossing over bullish. The first target is on the 31.8% line at about $51.97 which should be hit by Thursday or Friday. Use your 8 EMA or daily volatility to place your stop.
BAC is running into a major support line as well as nearing the support of the Upward Channel Price has been trading in for the past few months. The Falling Wedge is tightened up and will not fit another day of volatility in it. Stochastic's is in a long term up trend, the Stochastic's RSI is trending out of oversold and the Sentiment Zone Oscillator is going to...