Trend Analysis: Range-Bound Support & Resistance: The price right now is right at the resistance zone . Candlestick Analysis: Formation of some INDECISION CANDLES right at resistance which can potentially mean either of these 2 things: 1 - The market might be taking a short pause. OR 2 - The market might be at the end of the...
Although many Dow 30 components had a severe sell-down in December 2018, most have not gone up further than the previous highs. UTX is such a stock. It has now officially been range-bound for over a year, as it was range-bound before the December collapse.
USD/CHF has broken its bullish flag formation with a strong bullish candle in the 30-min chart. The pair is in a range bound movement and is racing towards its upper half of the range now. Hence we expect the pair to be bullish further from here.
This is the analysis for 4 Hour Chart of FX:USDJPY *TREND ANALYSIS* - 1) The price of the above-mentioned pair made a significant low on 24th September o'19 which has not been broken yet. So, it can be assumed that the BEARS are still not in control of the market yet. 2) The price is below the MAs , but the short-term MA, represented by the blue...
In the wider context, I am bearish Sterling. However, I am anticipating a range-bound price action today BUT I will only take "level rejection" to short this pair. I am looking for bull traps at the levels I have marked on the chart. No risk events for the U.K and Switzerland
Crude oil, after making a bullish breakout, retreated to the $58 handle. Now it is consolidating via range-bound movements. We expect the pair to remain in the range and now move to the top end of the range.
Stiff resistance at 243 can be seen. A very less probability of breaking resistance in September series. Range is defined within chart. Breakout trader can wait for price to close above 243 or 236 on a 30 min or 1 hour candle. Range traders can short at CMP for target of 236 or below. And if does not break 236 can long for 240-243. Do your analysis before...
Es still trading rangebound within this zone. Looking like ill extend it out now. Might have to wait for feds or china talks for a clearer long term direction.
ES still in the zone from post yesterday. No breakout yet. Although made for an excellent PUT play on SPY entering right at market open and scalling in on ema rejection. Hit the bottom spot on for thee easy sell. We see our EMAs never broke bearish below the 89 day ema trend. Looking rangebound for now.
Yesterdays chart I discussed the lack of trade setups and general choppiness in the market which had me sitting cash and patiently waiting. I was also watching our EMA resistance on 4 hour and Daily chart. And we continue to battle these EMAs as resistance. 4 Hour chart has really slowed down within a tight range for about 32 hours and counting now. I have...
The ETF's tracking the markets printed some true Bullish Harami patterns for the past two days, which according to some research says that the next days move is up 53% of the time, while the next day is down 47% of the time. See attached figure. If the pattern presents in a downtrend, the smaller the body of the second candle means the stronger the signal. This is...
Bitcoin is still NOT in a trend relative to how we evaluate the bigger technical picture. This piece of information alone serves as an important guide when it comes to managing our recent swing trade long. The aim of this article is to provide insight into the best practices and mindset that has produced consistent results throughout the recent bearish and bullish...
Description on chart. Happy hunting and GLTA!!
Check out: 1) Last week trade analysis for determining BTC bias - 2) CME BTC Quotes - www.cmegroup.com Key levels outlined: 1) 10609.5 - June Monthly Mid Range - Thick Black lines 2) 10800 - 3rd Quarter Open - Thick Blue line 3) 11513 - Previous weekly level 4) 11746.1 - Weekly Mid Range Confluence for trade idea: 1) June Monthly Mid range 2) 3rd Quarter...
Bitcoin is nearing our second target that we shared as part of our alternate swing trade idea almost a week ago. Why are we not calling for 20K or some other unrealistic target? Again it has everything to do with the proportions of the recent price structure. The goal of this analysis is to provide a sense of perspective and context as they relate to short term...
Apologize for being absent for the last week or so. Been busy and then had lost internet for a couple of days over weekend. I'm back up and running finally and overall not a ton has happened. Previously we had a low of $8919 marked for where bulls would possibly defend but I still hold our true strongest support is the 7400-7700 range. We fell to $9071 and bounced...
CSCO has plenty of Buyback activity; however, it has remained stuck in a trading range pattern since last May. CSCO has Dark Pool Quiet Rotation™ Candlestick Patterns occurring within this trading range.
AUD/JPY is currently in a range-bound movement. It has taken resistance at its upper range end is on its way to its to lower range. Hence, we expect the pair to the lower end of the range Support 75.190.