Compared to US indices, AMEX:EEM looked relatively strong in recent weeks, however, it seems that market forces taking emrging markets lower as well.
After uptrend support was broken, EEM fromed head&shoulders right at 2018-2020 major resistance and yesterday we witnessed breakdown.
Good odds at least 10% correction would be witnessed from here
As we said in my previous idea Bitcoin in on key level, on the neckline of Inverse head shoulder.
IF AND ONLY IF the price will lose the support, we can see a new bear impulse
According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
this is trade 157 frm haidojo trading...
"after the counter-trend yesterday, we have a pretty painless trade today...short near 1540 and took profit at 1520...
price even moves lower than the previous low and continues to 1500++...
now we are anticipating the price to move back retest 1512-1520,
support-turn-resistance level and short near that level ... next...
ETHBTC had a nice bounce on weekly resistance, as we said in the previous idea .
The price broke a daily resistance and is going to test monthly resistance.
IF The price will break the monthly level According to Plancton's strategy, we can set a nice order
I see a buy on oil, Day chart and line chart shows large candle breaking out of a zone, we have 3 rejections to the breakout area, and we know 4 touch equals breakout. However, i want to see a LARGE candle breakout that zone then i will go for the retest buy. As of right now oil is buying pretty strong, if momentum stays up we will get that strong breakout to take...
Price approaching previous resistance. There is bearish divergence forming on the lower timeframe (1 Hour). Clearly overbought levels. Clear price rejection would be a great additional confirmation on this.
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The market is in a recovery mood . The actual range can possibility be a good entry for a short direction profitable trade.
The upper level can possibly see a nice entry for long direction trade, BUT, beware of pullback because it is a strong resistance line. If...
Price got to a major Resistance area @ 1.09885 and reversed back down breaking a supporting trendline @ 1.09316 making that a new resistance trendline.
after the retest of the new resistance trendline above, the expectation is that price would return to the major support area around 1.07800
USDCAD is now backtesting and made descending daily trendline and now its making a backtesting ascending trendline...
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The market has been rejected several times along the bearish resistance line.
It seems like buyers are not strong enough and the sellers look like accumulating profits by consolidating positions.
Beware of the resistance which could be tested again.
- Volumes confirming that we are in a long run down.
- Pullback on the resistance blue...
We are currently consolidating within the rising wedge where we could consider opening a short position. It also outlines perfectly with our resistance zone as seen on the chart. This is quite a risky trade as the bulls seem to have the higher hand here, however, we do seem to be entering an overbought zone.
This is NOT a financial advice, trade at your own risk!
An opportunity to short the Dow has presented itself. Price couldn't break through resistance and is retreating. Setup is invalidated if price goes back up above resistance. We should see the lows from a couple weeks back retested and perhaps even broken.
+ Price is continusing the move to the down side (bears are in control)
+ Currently, price is respecting the new resistance (rejection spotted multiple times)
+ I will be looking to short this pair and target the next nearest support as a first target
Feel Free to comment your idea below.
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EURAUD bounce in a range bound, the price is rejecting the resistance zone therefore I am looking at a good opportunity to short.
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