Here we have it guys! Prices could literally go anywhere, we could go long or we could go short!
If prices pierce through the 1580.000 Region , we could potentially go to highs of 1640.000.
HOWEVER.
If prices break below the 1520.000 Region , we could possibly go to lows of 1500.000/1480.000/1460.000.
Literally sit on your hands and let the markets do the...
3 drive to a top & 5 point reversal pattern
Both patterns are reversal patterns.
Target 1 will give approx. 170 points or a 12% drop.
Target 2 will give approx. 276 points or a 20% drop.
Best to your trading
WallStScalper.com
www.wallstscalper.com
Already Long @ 1.13000 still riding it though on Eur/Usd, Price Action - Multiple Analysis.
NASDAQ ABCD Pattern forming in the flag, with AB-C Elliot wave to the upside, combined with Price Action Candles forming Higher Highs, and Higher Lows and Fibonacci Retracement and Extension, with extension D third leg to 1.618 which aligns with previous High with long...
June 15, 2015 30 min time frame.
Since late february this year this market entered in consolidation, pausing the trending market and entering in trading mode. We're currently in an ascending triangle pattern and the risk is that it could break support if it fails to close above 213. We had three positive days last week, so we can expect people to take profits if...
Last week we had a great example of a bearish harami candle formation on the weekly chart. A few weeks previously we a weekly bearish engulfment.. The intermediate tend line is broken from last October. Still the long term up trend line is intact but I think there is a good chance we will be at least testing that line, esp if we finish the week with an another...
Two very strong resistance cues:
(1) you have the former support turned resistance line
(2) you do not have a lot of room for price to advance if it does poke through the resistance line
Here is what I am looking for:
(a) price to breach resistance line to the upside
(b) price to pop aggressively above the upper daily bollinger band
(c) harvesting of the late...
24 days ago I posted a count of IWM I thought likely.. So far the peek at that time has not been exceeded. I now think there is a good chance a true downtrend has started. Both of the counts I currently favor are bearish. Both have a stop of 123.82. Notice we now have a negative reversal in the RSI. Bear ETFs 2x: TWM, 3x TZA. Best to ya. Goodguy
Not a...
This is a follow up from my longer term chart previously published. I think there is a good chance we are at the top. However bears having been saying this for about 2 years. So of course needs confirmation. Take care. Goodguy.
Sorry my numbering does not match up with my previous charts. The (4) on this chart was 4 on previous. Doesn't change my position on...
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
The NQ is getting close to firing off a long trade. We want to see a break and close above 4275 before we establish a position. This goes on the watch list.
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