AS oil sells off to the down side, pattern traders have 2 shots to get involved on. First, the bear bat which is in line with the underlying bear trend. As well as a bull bat which is more clear on the 4 hour chart. Good Trading Guys
The crude oil prices rose 12 percent during the last two weeks of trading, from recent low at 46.66 to about 52 dollars today. The crude oil futures recent rally might show the beginning of its recovery to higher prices. Is that a sign of the plunge’s end? Politics, oil producers, and technical analysis (Bollinger Bands & RSI) give answers. Full blog post here:...
#EURNZD 4H Hour Long Opportunity Harmonics, Structure, RSI, Fibonacci @TradeYodha TradeYodha.com Hope this give you some useful ideas, don't forget to hit the like button :) Thanks Remember- Plan your battle well in advance and win.
Short term bounce setting up. RSI and stochastics are almost oversold and there is some bullish divergence when looking at the MACD. Also 200 EMA is just below the current price along with support that has been in play for a while. Currently trading right on the 0.382 fib retracement. Anything could happen but it looks like BIDU is setting up
See chart for target. Also, a good company that looks to do well in the future
In this chart I used US 30 Year Treasuries weekly chart to explain how price and indicator analysis work. I cover the basis of divergences, pullbacks, throwbacks, and exhaustion spikes. Pullbacks (red) are seen when price and indicators such as RSI have diverged for a great length (wide divergence) or when you have weak divergence top comparing price and RSI....
Bearish Crab. Parabolic Sar getting closer to reversal. RSI is in overbought territory. Stop Loss - 1.90964 Short Entry - 1.90556 Target 1 - 1.87811 (6.8 to 1) Target 2 - 1.86145 (11 to 1)
@TradeYodha TradeYodha.com (Just my ideas, do you own analysis) Possible EURUSD Hourly 2618 Style Long Opportunity 1. Bullish divergence earlier 2. Double bottom earlier 3. Can expect a retracement to 61.8 level of last impulse leg 4. Must wait for a confirmation before going long at 61.8 level. 5. First target @ 127.2 level where the fall started 6. Extended...
- USDCAD is well over bough on every timeframe - We've reached the 78% fibonacci retracement line - USDCAD might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 ! - USDCAD has been consolidating since 2008 but is 0.95 really the bottom ??? - As far as the chart can go USDCAD went down when its weekly RSI touched 85....
Hi traders, Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there. So looking the daily and we see a close...
Hi traders, Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897. Good Luck! Thiago...
Hi Traders, As I posted just few minutes ago, I expect and hope to see one more high coming into play before we see him going lower. Looking this daily chart, we can see that we are in a very strong resistance zone, BUT I think that we can make a new high, scare a lot of traders and then reverse lower. This is what I expect and I will trade this (if he makes new...
Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...
Hi Guys, I normally don't like channels but this one, OMG! Working perfectly well for very long time. Giving a zoom so we can see more clear, we can see that TODAY we touched the upper channel line which now serves as support. More support for my USD longs. Keep this is mind! Also, keep watching, RSI! If we break that trend line, it will give us a...
Bearish Divergence formed at the outer Bollinger Band extreme. Divergence shown on RSI, Mac-d signal lines, and histogram. Today put in the first lower high on the histogram along with price creating a reversal candle on above average volume. Looking for a drop back to light support level.
What fun would trading be if we didn't stem up a bit a controversy every once in a while. Now when looking at the higher timeframes everyone is calling for a long on the GBPAUD based on the previous level of structure that we're coming into. Me...well I took a short position this morning at the 86 even handle. Seeing how more than 80% of traders fail I have no...
I was just checking this weekly graph of the Dollar Index and I just saw a divergence on RSI and price action. As we can see, the US Dollar is making a new high this week BUT the RSI is now. Actually, the RSI made his high few weeks ago. This is a signal that the current trend is getting into the final steps of the current trend, this does not mean that he will...
Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...