Yesterday, Janet Yellen of the Federal Reserve spoke confirming expectations that the Fed would sit tight on interest rates. She even admitted today that the Fed is considering negative interest rates. Her ominous tone did not bode well for the markets as evinced by the abysmal market opening today here in the US. In fact, the world's markets are rearing from...
Technicals
We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs.
There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price.
Fundamentals...
Any hopes for a recovery this week were quashed by today's open and marked declines henceforth. There really doesn't seem to be any indication of a turnaround, unless some good data comes out this week, and there is quite a bit to anticipate. As the attached article notes, analysts are cutting their expectations for the S&P, and it would be good advice to any...
This bat pattern is getting very close to completion for a midterm bearish trade from a symmetrical triangle that I successfully traded as well.
The RSI is approaching an overbought condition, which will hopefully be reached in the next few days, supporting the case for this bearish pattern.
I have placed a stop loss based on previous structure (I am exploring...
Approaching the apex of the symmetrical triangle drawn here. I am hoping for a break out to the downside at point 7. I would then expect a pullback at previous structure, and then have a main profit target at strong levels of previous structure.
The upward break at point 6 is also potential for a small trade.
From political instability to ineffectual QE, bullish news for the Euro is scant. We can look for more confirmation from Draghi to this effect soon to come.
As far as the technicals are concerned, we have a very strong bearish head and shoulders pattern forming on the weekly chart. There is massive resistance from above via the ichimoku cloud which will make a...
Daily chart: Has support become resistance at 1920???
Weekly: RSI and MACD looking uuuuuugly!
Monthly: Head and Shoulder breakdown at 1800 would project to 1500, PERFECT retest of last 2 bull markets and just under Fib .618 retracement (or .5 retrace to retest 1400)....
Unfortunately for NFLX on the fundamentals side, they were ousted from Indonesia, which was a prime target for their international expansion endeavors, due to a failure to fulfill their censorship standards. Unfortunately for them, this simply adds to the list of bearish technical indicators despite 'buy' ratings from numerous sources.
First, note the bearish...
When Apple was using the Power PC line of processors in their computers, I was extremely skeptical of them. Their operating systems prior to OS X were abysmal. They crashed all the time, and the availability of software for anything I wanted to do was scant. Then they started rolling out Intel processors, and updated OS, and a slew of performance upgrades and I...
EURUSD BEARISH
1. There is cypher pattern on 60 min which indicates bearish trend, which come along with long term trend.
2. When we move to higher time frame (4 hr). There is higher time fib confirmation at 50% retracement which is also cypher pattern entry and there is RSI divergence.
3. But only market moves up to 1.0869 then only we can enter cypher...
There seems to be no shortage of bearish news on Crude oil lately. In fact, today's 'dark cloud cover' candlestick pattern is a bearish rejection of the level formed by Friday's close proves the little rally we saw on 2015-01-22 was merely just a short covering frenzy.
Almost all the technicals indicate we are in a solid downtrend. The Aroon indicator is still...
If you use the weekly time interval and chart price back to the 1200 peak, you will find an interesting thing about OBV: we are at the same point, and we seem to have done a double peak. On the other hand, indicators like the RSI seem to be completing a H&S pattern which would be the beginning of a huge bear cycle. If this is the case, we could go back on the...
Bullish Shark formed when price touched that 2.24 fibonacci extension.Looking to go long on this pair since rsi and stoch are oversold and price is also going into a supply and demand zone.Stops going below those recent lows, and targeting 38.2 fibonacci level.
As you can see in the chart for $ARQL i yet again used channels and volume indicators to help good entry points for both long and short positions, when looking at the RSI you can see that this company was very oversold, im waiting for a parallel channel break and increase in volume to make another entry.
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