NASDAQ price projection is showing for 8035.5 on the hopes of resolutions to the trade war and FED rate cuts.
If we do go for it. And can't break this barrier (yet again). It is going to hurt going down.
Greetings all.
Ready for the bears to prowl?
The orange highlighted zone is the original S/R from 2018 until the December break down created a new floor.
It appears we have tapped the roof 3 times now. Since we couldn't break through it (with the help of a tweet on May 4th and a trade war). We are heading back to the floor.
Well, we need to move in one...
CNN has an article on how sales are slipping.
Caught my attention so I ran a quick price projection against it.
The next 9 days is looking for a price between $39.60 - $38.62
It was the tweet heard around the world on May 4th and it impacted all the markets.
Oil has been no exception. Oil has gone bearish.
30 May gave us an engulfing bar. I was hoping 31 May would provide us with a adjustment bar but it can’t (given the time of this comment, it has already broken the low) - if anything it will give us a locking bar.
The current price...
Dear all,
Enjoy this chart. All details are in the chart, showcasing the confluence of bearish indicators for the 33% correction within this BULL market.
In summary:
1- One final push to the upside (9.8-10k levels) this week
2- 33% correction to the 50% fib in June
3- rip to $11.5k in July/August, after the RSI and Stoch RSI have cooled off to oversold...
Since Jan 9th oil has been trading sideways.
It has generated 2 S/R levels.
The first it generated was 53.29/49.71 and the second between 54.29/51.88
At this time there are no triggering effects for directional movement in either direction.
On January 22 an engulfing bar formed with a negative close, this bar gave hint that it was going to take the prices...
The AUD is showing major weakness while the USD is displaying equally major strength.
This is the pair with the highest indication of shorting.
Then today, we got a present in the form if an engulfing bar.
January 24th presented an engulfing bar.
This bar has a projection value of .69545 or (-.01385)
The daily ATR is ~.66 so it would be a little two days of...
The technicals are lining up within the charts to revisit a historical range.
In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards.
Either way, this is a long range projection target. Wave...
