Daily Chart! Huge loooong movements. The trend has clearly turned, and even if we missed the perfect entry, there is stilll sooooo much potential right here. Zoom out and you will find that incredible huge channel! Every wave is taking for close t o6 month. but thats like 6 month of profits, profits, profits! Enjoy =)
TRADE NOT ACTIVE YET Realized SegWit lockin is on 8 AUG so there might be some celebration first. Idea on neutral for now, need some more time.
Commercials are selling and price starting to show momentum weakness, also 5y seasonality pointing lower.
LYB Jul-Aug tends to be a reliably bullish month for LYB. LYB is in a multi-year sideways trend, but the trends in-between this range has considerable range. It has embarked on a short term uptrend, which coincides with the cyclical performance of LYB. It has cleared the fib retracement level of 61.8% and the next level to test will be 78.6%. Chasing the...
Es liegt derzeit eine bullische Signallage vor, der Chart bestätigt es ...
Netflix will continue to dip until October and gain investor interest for a short period and face another dip. It will climb to the very high 190s, possibly hit $200 because of excitement. Then will have a big downward swing into February only to get on a steady climb into the summer days as today.
USDCAD is expected to reverse today, starting a bullish pattern for the rest of the week. Take Profit with respect to Fibonacci levels is at 1.28. Traders can make a multiple safe take Profit exits BEFORE reaching the Previously mentioned level.
Good downside potential. Supply & demand not bullish too.
In looking at Crude we can see that Price has fallen between the 62-76% Fib retrace levels of this nascient rally and is finding some support here. The reason we started positioning long in Oil was based on our macro view that Commodities would undergo a counter-trend rally at minimum. The Chinese liquidity injections, severely stretched trend following algo...
The greater your 2017 Gains !! As discussed in our prior posts, Soybeans formed a perfect setup with extremely Bullish Commercial positioning and activity, Favorable seasonals, Massive Trend Following short positions ready to be squeezed, and numerous statistical studies evidencing the decline was near it's end. We now have some further evidence and clues that...
Even though the big seasonal phase is over, I think there is a breakout ahead. We see a long and stable trend to jump on here. Only thing, the big purple resistance at around 33.40 (you can see it better in the 1W chart, dont know how to get multiple charts in one idea, glad for help though) needs to be broken. Also we see a consolidation here, even a wedge...
Based on the reaction last week, we saw a larger draw from EIA then what API predicted and we still saw a sell off, indicating that the bears definitely want to have one more swing at the lows here. Of course API and EIA could drastically change the trading plan but at the current time, I don't see oil heading back up from here. DM- over the DM+ with ADX...
Despise resent knock downs oil has a good near feature. 1) Storage shows drawn 16 weeks in row 2) Summer season requires a lager demand for gasoline 3) Geo-political situation is getting more unclear in some regions 4) Bulls show power if not being sabotaged
Taking profits below $46.81 (if you were long with me from ~$42) was obvious today. A ~0.25 to 0.50 stop loss would have served you very well. Additionally, shorting as soon as $46.81 support broke would have given you a nice day-trade. Obvious support was obvious. Some slight whip-saw from API numbers too, but if you set your stop loss below $44.12, $44.88 was...
Hang Seng (HSI) which is heavily property weighted and led by some key stocks eg Tencent had one of its larger sell offs today, but looked to possibly put in a base around the key technical futures levels of around the 25000's /25500's. Bullish seasonality normally strong over July so a potential dip buying opportunity or part of a more major global weakness in...
The longer time frame III wave is coming to an end. I am expecting a season long correction starting early July