JLL is trying historical high, showing bullish flag pattern around previous high. Make sure it strongly break out previous high ( around 172 ) and ( around 177 ) with increased volume. Stop Loss : $161 The following is weekly.
We are in a bull market on this pair, price came back to make 1.20200 resistance now support, & rejected off the 50 MA. 1.22000 the next region of interest (Higher high) : )
It is always important to refer back to the weekly chart to avoid price "fakeouts". Looks like we have our 3rd touch to the trendline, which could come a very strong move to the upside, continuing its uptrend making higher highs & lows. Higher low completed, now a new higher high is on the cards for 2018
NEO just broke all time highs and closed above it. I believe it is set to run to $80-$100 from now to January. What are your thoughts? Trade withe care.
Price came down to retrace nicely, now looking for potential long entries at the ascending trendline, or a break for a deeper pullback. Big news tomorrow for both the US & euro PPI numbers in the morning. Will this pair see multi year highs soon potentially reaching 1.23500?! Lets observe.. : )
Bulls continue, eur index broke out of its downtrend & looks to now be starting an uptrend again. looking to see if I can add a position on the touch of the 61.8 fib level..
BTCUSD update: 9771 all time high reached and then retrace. Went higher than my 9600 target by 171 points (which is small relative to BTC) and is now showing some signs of minor selling. Will this market really correct this time? Or is it going straight to 10K? If there is going to be a corrective move of more significance, the low of the just closed candle will...
Overall it is in a uptrend on the weekly, however on the daily its downtrend line is still holding & I think will make one lower low back down to the weekly uptrend line before breaking to the upside. Looking for short term shorts this week, as I believe the dollar will be making a retracement to continue its downtrend (DXY).
BTCUSD update: Gyration leads to all time highs once again. As this market is pushing higher, it is still within the reversal zone. The swift pullback from 8315 to 7760 in a matter of hours is a reminder of how thin the market is at these levels and how high the risk of retrace is. I will explain. Thin markets are markets that move. Thin refers to the lack of...
BTCUSD update: New all time highs as I write this, right into the 8250 target area. The next level to watch for is 8500 which is the top boundary of the reversal zone. Yesterday I updated my previous BTC report, pointing out that price was in the process of breaking out of the bull flag formation and on its way to 8k. This price action is very clear and very...
Buy on a break over $7450 Stop: $7300 Target: $7800 Good Luck!!!
...it's probably only a question of time before this crypto-thing breaks to new high's, over $6,600 and then higher! Warning: Don't try and call a top in Bitcoin!
BP has broken out of a flag pattern.However, is going negative in the coppock curve. Also, the total revenue has been the same for a while now. Im going to be relying on volatility. If its short it will be only short-termly i believe and if it is Long then short-term increase followed by pull-back then increase until Q4. Also, the moving average is providing...
Price broke out of consolidation wedge last night & bulls came back into the market. Now price is testing broken resistance turning support. A potential but not likely pullback to broken trend line / 38.2 fibonacci level is possible, but if 1.6400 level holds we should see a new trend of higher highs & lows take place. Trade with care!!
Price making a series of higher highs & higher lows after breaking out of its daily downtrend line. Pullback done (Higher Low) Now waiting for a candle close above 1.7100 level to see some more potential upside to take place (Higher High).
ETHUSD Update: New highs provide for a clearer wave count, new levels to watch for and further strength but there is also an increased risk. Finally a decisive breakout to a the 368 high and almost reaching my previously written about 374 target. Higher highs obviously signal strength and that support levels are more likely to hold on any subsequent retracements,...
BTCUSD Update: New all time highs, which should not be a surprise. The question is: Is the current retrace a minor one? Or does it have room to test lower supports? Elliott Wave provides some interesting perspective to help answer these questions. First I want to mention ETH for a moment. I was debating whether I should write up another ETH report, or BTC, or...
OANDA:EURAUD FX_IDC:EURAUD FX:EURAUD FOREXCOM:EURAUD A lot of traders are shorting this pair because it finally made it's way to the previous downtrend line , however my opinion is that the Friday bearish candle in conjunction with the downtrend line is merely a bear trap . What we are likely to see on Monday is that the market drift slightly lower to...