• NZDJPY is capped in nearly a 5 year negative trend since December 2014.
• As you can see below there has been a large sell off as the pair have reached the cap of the negative trend line.
• Looking closer there is a TREBLE top on the daily and 4 hour candles.
• FIB retracement tool is suggesting 75.25 as the first target level which is over 100 PIPS away (61%...
Based on my calculations I derive a negative open on the J200 -249 points.
The UK market finished weaker yesterday.
US markets ended mostly lower yesterday.
Tencent trading down -2% currently.
S&P and FTSE futures pointing lower.
Traders should look to profit from arbitrage opportunities between the ALSI open and the J200 open based on our caculations.
When markets go down sharply, like the fast drop in BTC after the Coincheck hack, they tend to pullback and eradicate any losses in the following 24 hours.
But even if you know and expect this, you have to follow price action rules and wait for long entries.
How could that be achieved in this case?
1) Why was the market starting its pullback at 10.300-400 levels...
Bitcoin Update
Spent most of yesterday buying dips from around 14050 and higher, looking to increase on a break of the neckline of what
has turned out to be an imaginary reverse head and shoulders - and again on the break above another imaginary flag
formation which was then sitting at 15500 with a stop at least 100 points below the line. So we blew 150 or so...
BCHUSD Still Negative despite bounce
BCH duly had the full-flush out we were looking for, hoping to
get long around 1180 and at 1126 with a stop 'at least 10
points lower than 1124'.
The pin bar extends just below the last buy point by 23
points. If you got that low without being stopped out then you
win trader of the day award...close to perfect, but marred...
Bitcoin
Pressure says on whilst trapped within the impulse wave.
Should hit 6928 soon and make a bounce...if short great - stay
that way until Bitcoin can escape the parallel on the upside,
whenever that comes (track it on 15 minute) and close out
and go long for quick bounce to old support...
That's Ok for day-traders, maybe, but swing traders are
still...
higher time frame is showing negative divergence in rsi
intermediate time frame is showing distribution and no conviction in buying pressure and forming a descending triangle further supporting higher time frame alignment
lower time frame is showing a downtrend breaking below support and retesting on pullback
will look to enter on 130.2x area for a move down to...
NASDAQ:PZZA Looks as if it will fall tomorrow, July 28th as well. Not too much, before it bounces off of its channel line between 71.27 and 70.48. Check it out.
Japan implementing negative interest rates
www.boj.or.jp
Daily candle looking to close above key 120 level. Price bounced off this level on the 1 hour.
MACD Div
As highlighted last week, we found a bearish setup on this pair which is likely to continue next week.
Check out our full analysis on www.ichimokuforex.com
Recently with Tesla, Positive news has been ignored and negative news has been exaggerated. This irrational pessimism, combined with high short interest might indicate a rapid momentum upwards swing is in order. This is especially true if Tesla chooses to announce their CPO program or their stationary storage product soon.
Such a pity the original idea was posted with a bug/error/issue and did not display what i actually meant to show - and i need to use other colors for charts as well. This is what happens when you use other people's charts.The original one pointed out to divergence in RSI with the high of the S&P and other indices, and it was the best point to sell. I wish more...
Noted some negative divergence on the tops of CCI and RSI and MACD turning to a downward trend (same happened in NAS and SP and they are down 5% now). Should be getting lower from here..but it has a magical bull force that kept it up 100% with no ERs so who knows - maybe bulls will keep it up amidst the whole market sell-off. But if goes lower, you know where...
After a fantastic run from 21 to 32, now it had attempted to cross 33 for the second time.
Usually on 2nd/3rd attempt the price goes down. With negative divergence on RSI/CCI , i suspect the price will dive to long term trend support and fill the gap if a large slide happens. MACD and RMI are on top as well giving downside potential. Note that previous 3-5% push...
