ETHUSD Update: 241 resistance has been taken out as BTC breaks out to new highs on rising volume. Very bullish signs which confirm further strength in this market while previous support levels are now adjusted higher. This market has been maintaining its bullish structure all along so this higher high should not come as a surprise. As I mentioned in previous...
Chart One Of Two This chart might blow your mind, Possible long to new high. Chart by Todd Russell Fabyanic (i Called It) on 4/25/2017
with so many earnings this week it's not easy to find breathing space so i'm only really interested in hit and run jobs and lsxmk fits the bill for another expansion breakout buy stop in at 41.03 with 1 day expiry
MEOH with range expansion after contraction and new local high in 2017. Earnings are out already. Should work its way up the channel.
NASDAQ:ATVI Activision Blizzard released "Legion" this year for World of Warcraft. As seen on the past view add-ons after the release we got a dropdown because the expectations were better than we got. At the end the subscriptions get lower and lower. Right now Blizzard delivered what they said, and sure not all is working well, like the PVP system a lot...
After a consolidating for a while in a rectangular range, Today the price action breaks above the previous highs or resistance and now expect to make a fresh high close. It indicates strength from buyers side and confirmation of upward move.
Today, it was totally a buyers show as it was in Bajaj Auto (attested below). Buyers actively took the prices up and above from previous resistance level of 5015 and now it shall move further up and reach to 5200 levels before the profit booking takes place. It is a good time to enter with stoploss at 4920.
Today, it was totally a buyers show. Buyers actively took the prices above the previous resistance level of 2940 and now it shall move further up and reach to 3000-3050 levels before the profit booking takes place. It is a good time to enter with stoploss at 2870.
After a long rectangle consolidation, the buyers have taken control and made a new high in prices. I believe it shall go higher as a new wave.
Apple looks poised for the $100-101 level breakout Volume: - Volume has traded below the quarterly average for the past 10 days , consistent with apples post-Brexit bull run. Low volume is a bullish signal as it indicates investors do not want to offer their apple risk at current prices and wish to hold for further upside before increasing their offering. -...
Here is something different from my usual 2618 reversal setups, trend continuation traders will like this one. We have a trend continuation opportunity on USOIL coming in around $42. This level has been an important level for price action over the past month. You can see on the chart that price failed to break and close above $42 on two attempts, before making...
Update 2: Stopped Out Update 1: Close above highs - Trade is Active Possible Wolfe wave setup on GBPNZD. Long on 60m close above recent highs. After resistance at 2.339 is broken there is little to hold the pair back from reaching the 2.36-2.37 TP zone. Trade will become invalid if price closes below bottom of parallel channel.
The BoJ just announced the expansion of their "QE" from 60 trillions to 80 Trillion Yen. This is an unexpected move by the BoJ, as this announcement wasn't expected anytime this year. The Nikkei closed up 4.84 %, S&P 500 futures made a new all time high at 2016.75. I expect the SPY to make a new high at the open as well. What a week this has been for bulls....
It started 2014 year as laggard and was trending lower in bear channel. But then it bounced off of 200 EMA with RedDogReversal, regrouped and have built higher highs. Finally, sentiment changed when it resolved this indecision area with break up of resistance at $88.60 with nice 4 days follow through. Traders should adapt and make adjustments if they want to...