Here we go yet again. We've been watching this range for a few days and expected a 12 EMA rejection due to it holding support for so long and that often becomes resistance. This is now multiple rejections from our 12 EMA on daily. Similar to last post however, the more times a support or resistance is tested, it will eventually cave. The bulls have held support...
Wow. Last post was 15 days ago! Since then BTC has moved less than 4% in either direction! So while I apologize for lack of updates, its just boring and nothing to really update. I threw in some support and resistance areas here but this range of mid $3,000's to low $4,000's is just boring overall. So continuing to sit cash for quite some time now since my last...
LYB is about to break out of its range its been bouncing between this $84-90 range since Jan 4th.
It's about to break out. Price target is $96.
Call Option April 12th EXP, Strike $90.
Possibility of a false breakout. Contract will be sold if it reaches $88.
Otherwise aiming for target of $96.
Possible interference from the SPY as it may cancel the rally if...
Copper is at a critical price action resistance of 2.84158.
It has strong rejection formations of inside out candles and bearish pin bar at the resistance.
Hence we expect the metal to face selling pressure retract downside.
Momentum is still light, so I am holding.
I will likely sell stop below a new low under $3200 unless momentum kicks in earlier and I will sell quicker.
A break of a new low has Fibonacci extension targets attached.
EUR/GBP is in a sideways movement in the 1-hour charts.
It is currently at its upper end of the range and has formed a bearish engulfing candle.
Hence we expect the pair to move to its lower end of the range - support at 0.89518.
USD/CHF is currently in a sideways movement in the 1-hour chart.
It has bounced from its support, at 0.98624, strongly with a bullish candle.
Hence we expect the pair to be bullish and reach its resistance of 0.99563.
Like the tile says I am looking for $BTC to be range bound to short over the next ten to twenty weeks. $BTC was trapped in this very location back in 2017 where it spent nine weeks and traded from early August to the middle of October before it broke out of its range. $BTC is still holding under the 200 Exponential Moving Average (EMA) where it broke under back...
The Daily Chart of COSTCO Stock shows that there is some sell short potential on the short-term trend IF the stock breaks to the downside below the low of around 216. At this time, it appears that is more likely given the lack of large lot buyers in the chart patterns. Support levels show the point gain potential moving down from the current range-bound...
Quick update. I am likely off the trading side for the weekend unless extreme volatility. Sometimes, just happy with the week and don't need to risk giving anything back unless extremely favorable scenarios. Those still active this weekend tho, we had a nice day of sideways action. BTC is range bound currently. We had a low of $3869 followed by a high of $4020 the...