Hello,Traders!
DOW JONES is trading in downtrend
But the index has retested
A key horizontal level and IF
It gets broken, then we are officially
In the bear market and in the recession as well
So watch this level closely in the nearest weeks
Observe!
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I'm observing LTC here as it has decisions to make. Either down, up or sideways. Speaking with fellow traders whom's opinions I respect and have more experience than I have. I've been warned that LTC seems to like to fake out. Thus I'm neutral on this and it definitely isn't a call . I'm not going to let the bullish signs of reversal I see put me in a long bias...
Tiffany & Company is an American luxury jewelry based on NY. I'm closely watching this chart, a linear regression r(0.944) shows a nice, systematic uptrend that started a few months ago. Be careful trading this asset since an increased security near the Trump's Tower initially led investors to consider the possibility of a sharp decrease in sales .
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"The...
I'm closely observing DXY as the daily chart shows a nice steady uptrend. I have adjusted MACD to fit good LONG and ENTRY points (blue exclamation marks). MACD suggest that the price will go low, probably reaching 100.9 and may then go high again.
I just thought this was pretty cool. the lines from the first touch of the bottom of the triangle to the 2nd, 3rd, and 4th touches of the top line of the triangle, all intersect the time of the triangle completion, very close to strong Fibonacci levels.
