Trying to connect the dots, would this be a good opportunity to take a long position?
Slow stock RSI is low
uptrending
Symetric Triangle pointing to a new support level
What else to look for?
I predict the price will fall within the next few days down to the yellow target area (620-610) After a lot of buy pressure and a run from 560 to 660, this market looks like it is temporarily out of steam. Double top on the 660 which is a previous place resistance. MACD is still falling. RSI and Willy 21/13 MA is also falling. Additional with the 3-day weekend...
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum..
IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
Based on Structure's and Fibonacci confluence, channel,...
If ADP Nonfarm Employment Change is better than expected and if Fed Chair Yellen Speach drives the pair up it could soon reach 0.89048 if these things don't drive up USDCHF it could still reach 0.89048 and then there would be a shorting opportunity.
Then ==> I will open a short position...
Idea is based on a combination of EW theory and median line analysis. The rationale behind this setup is shown on the chart. Unfortunately due to the dynamic nature of my TA I cant give you a fixed stop loss for the LONG setup. Use the RSI and watch price action to determine where to go LONG!. Please zoom out to see the pitchforks which I use.
Idea is based on a combination of Elliot Wave theory and median analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good Luck!
Hypothesis: S&P 500 (and the market as a whole) is approaching a series of consolidations:
a) Consolidation 1:
- signal: as soon as RSI begins to fall (past dotted yellow lines)
- magnitude: ~10%
- time: July 31st (possibly earlier)
* The timing is based off of historical cycles. The current cycle is much slower than the 2002 / 2008 cycles --> 42% to 115%...
Litecoin is pretty much oversold right now, there's a little 6.32% upside from $9.1 USD (0.5 USD gain) as we have just bounced off the long term trend line. 4 hour RSI indicates that it is currently oversold.
If LTC fails to break above $10 by 5th July, we should be expecting further downside through the falling channel...
Idea is based on a combination of Elliot Wave theory and median line analysis. The rationale behind the technical analysis is shown on the chart along specific stop loss and targets. Good luck guys.
Idea is based on a combination of Elliot wave theory and median line analysis. In addition a simple RSI strategy is used to indicate price action's behaviour. The rationale behind this technical analysis is shown on the chart along with specific targets and stop loss. Good luck guys!
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE.
I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited.
If you're new to trading feel free to do...
While last uptrend in the last days broke downtrend triangle, we are all expecting the new movement direction.
IMO two main possibilities (checking daily chart) are:
A) Uptrend to 740-750 area if 540 support holds. RSI and CMF trust in it. If so, we would be in a correction of the last uptrend and a gap would be present in the next days (maybe 1-2). On H4, MA200...
Fundamentally, the euro is not looking so good. But I always trade what is on my charts . Price has formed a Bat pattern and also a cypher pattern (credit goes to user eXcess0070 for informing me there is also a cypher possibility)... Hidden Bullish divergence on the RSI tells me maybe the Euro is not completely done and have some fight left in him. . PRZ zone is...
Something doesn't look quite right to me at this point. The price of the EURUSD currency pair did not managed to break 1.35 support. A positive divergence was created on a 28 period RSI. These are positive signals, if the price will manage to break again above 1.3550, I believe that the 200 ema on a 4 hours chart could be retested. I will remain slightly bullish...
Historically this took some steam off the run, giving a good entry position. Although RSI top is not lower, it is not higher while the stock price took a decent step up on lower volume. Short term small pullback may be in play to the previous resistance
I know that we all shout that the Euro is doomed to fall because of the new monetary policy that the ECB might adopt on 5th of June. But I will keep my eyes open for a break above the upper line of a Falling Wedge, and above the 200 ema on a 60 min chart. There is enough time for a corrective move before falling again.
EURUSD has a very good support at 1.3600/10,...
First this pattern appears quite difficult to read. But once you put the targets into perspective, one witnesses that the primary wave 3 (iii) is an exact 1.618 Fibonacci extension of wave 1 (i). By this token if the count ratio of 1:1.618:1 is to hold, then the next primary wave high is going to be ~ 1.64 level, which is a hefty ~1100 pips gain.
I would...
