UK100 is approaching our first resistance at 7013 (50%, 78.6% fibonacci retracement, 61.8% fibonacci extension, horizontal swing high resistance) and a strong drop might occur below this level pushing price down to our major support at 6771 (61.8% fibonacci extension, 50% fibonacci retracement, horizontal pullback support).
Stochastic (83,5,3) is also approaching ...
SPX is approaching our first resistance at 2703 (100% fibonacci extension, 76.4% fibonacci retracement, horizontal swing high resistance) and a strong drop might occur pushing price down to our major support at 2508 (50% fibonacci retracement, horizontal pullback support).
RSI (34) is also approaching resistance and we might see a corresponding drop in price ...
ETH/USD and BTC/USD are currently inside similar channels on the 1 day chart, almost freefalling down the channel at times.
The edges of the channel have been prime shorting zones for approximately the past 6 months, the Fibonacci lines been good to take profits & reset the trade.
Ethereum could be back at the 10% of Bitcoin mark in this case.
If these parallel ...
Crude Oil break out support line of the uptrend channel. We touch support zone.
After oil drop price start to recover.
I see 3 resistance level for oil.
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line
But global It look like impulse-correction-impulse
Pattern suggests price trapped inside a Dome Structure.
Intent of pattern is to keep all participants inside the price structure.
giving neither side immediate gratification, but simply extending the pattern roll.
Too often overlooked, this pattern will highlight a feeling of uncertainty,
as neither side will feel comfortable, feeling they are about to be ...
Earlier we sold USDCHF from the TOP and in our previous analysis we bought USDCHF from almost the bottom,
where Target 2 is still open and running with (+255 PIPS) of Profit!
It's time for USDCHF for short term correction in order to rally back up!
so here are some potential format on how USDCHF could react!
more updates will be posted below this ...
EURCAD is approaching our first support at 1.5078 (horizontal swing low support, ascending channel’s support, 100% Fibonacci extension, 61.8% Fibonacci retracement where a strong bounce might occur above this level pushing price up to our major resistance at 1.5264 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching support and seeing a bullish ...
LTCUSD is approaching our first support at 26.25 (horizontal overlap support, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 32.96 (horizontal swing high resistance, 50% Fibonacci retracement).
Stochastic (89,5,3) is approaching support where we might see a ...
The 1D Channel Up made a Higher Low at 1.1352 on Friday (RSI = 47.251, MACD = 0.000) and should now technically start rebounding towards a new Higher High, which at this time is limited to 1.16230. This is because that's where the 1W Channel Down is expected to make Lower High and reverse. Attention is needed however as if the 1D Channel Up breaks the previous low ...
Let’s talk about GBPUSD. The market reached a very important resistance zone formed by 1300.00 level and the downtrend line. We can see that the price bounced from this resistance. A strong bearish candle confirms a price reversal. The same goes about RSI and MACD histogram. DMI shows that bulls are not strong now and they can’t push the market above the ...
EURUSD is approaching our first support at 1.1363 (horizontal swing low support, 100% Fibonacci extension, 78.6% Fibonacci retracement, ascending channel’s support) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1460 (horizontal pulllback resistance, 50% Fibonacci retracement).
Stochastic (34,5,3) is also ...
On the left we can see that ETH' has touched the neckline of this possible H&S. As you might remember from my previous posts, i gave the option for a failing H&S pattern, which normally would result in a counter move up. But that one failed as well, so it looks like the bears are in control at the moment. We can also see a possible triangle. So even if we see a ...
The US dollar continued to press higher against its Swiss counterpart Monday, recording its fifth consecutive daily gain. Despite the impressive run of late, upside is likely to experience some resistance.
December’s opening level at 0.9977 on the H4 scale is holding the unit lower as we write. This level is planted just south of parity (1.0000), which ...
EURUSD is still stand above the bull bowl.
This is also a result of long time sideways movement which seems about to be broken by a new swing up.
The small blue channel is about to be confirmed as broken above the support purple zone .
And a new swing could go up to 1.17 on daily chart on the first half year of 2019.
Less is more!
Hi guys, huge move is loading on xem as it has been in extreme end of its triangle pattern. Technical indicator shows flat which indicate bid accumulation in progress
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
RED: Possible Support LEVEL
GREEN: SELL TARGETS
Do know that I ...
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to ...
Front-month WTI futures are near flat at $54.20, earlier printing a 7-week high at $54.39.
USoil broke the round $54 and is approaching 3-month resistance at $54.60. the next level to be watched is the $55.60 ( 38.2 Fibonacci retracement where a reversal could occur). RSI is sloping positive, by approaching overbought barrier, something that indicates further ...