Bearish Fractal that has been forming since December 2018 with overbought RSI it is now ready to move lower towards 1260 and the 2019-01-21 low-point.
GOMX just got a confirmed breakout on 4 h chart. We got an "inverse emprire" and "green candle reversal" on price action as well as a double divergence on the MACD .
GOMspace seems due for a another breakout. We just hit an extended FIB move to 1.2, stochastic seems ready to cross.... I am expecting a breakout (unconfirmed)! Keep your stop loss tight and remember to take profit.
Not advice. Just an observation. MACD keeps making higher lows, price making lower lows. I would say longing OMXS30 soon for easy 50-60 pips would be a safe bet. Take partial profit and wait for either rejection or confirmation before further sales. Keep in mind a similar fake-out could happen as dec 3rd. Not advice. Just an idea based on patterns and divergences.
Hi folks, this is my first time posting an idea/"short" analysis publicly, hope you'll enjoy it This is the chart from SP500, I mirrored 2007 financial crisis structure, unedited, raw and pure, pasted it below our chart, checked the fractals/similarity, and it's deadly alike. With the somewhat positive sentiment from OPEC and 90 Days truce between president...
Clear, strong bullish divergence is visible on the daily and H4 timeframe, seen in two waves. Price is in extended bearish territory with expanded bearish Kumo Clouds. Trend followers will have to wait for entry until a buy signal appears by the Ichomku, while traders using divergence has a golden opportunity to enter long, scale in or increase periodical...
Bottoms show a resistance (blue, striped line). Red shows a bearish triangle forming. If coming true, target would be around 840-850 around the year 2020/21. Pink show's bearish target. Current uptrend (monthly) shown with Inside Pitchfork (started in beginning of 2009). There is also a chance we continue going up, but remember: What goes up also comes down....
OMXS30 continues to be bullish and are looking to face two resistance levels ahead. First one is at the level of "X" in the pattern, wich is strong nut we Do see some tests just above lining up with the top of the Sharks PRZ. Expected reaction from the Shark is a 38.2% Fib, but often we can see a pullback down to 50% where w, in that case, have a 5-0 pattern...
Lundin Petroleum spiked up today with a nice bullish runway gap, proving there is more to expect. The stock is trading well over both MA50 and MA200. Close to oversold but a first target would be gap close from february 2013 @ 164.