The long term trend has held for about 8 months now. The RSI is showing overbought, the BB is drifting on the top and STOCH is showing massively overbought! There is also a lovely Ascending Triangle forming that could break out either way, but given all the Bearish indicators and the long term trend, I cannot see this going another way. There might be a few pit...
Dear Traders, the following is an update on my previous fractal study. The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length. At the moment, accumulation is the main attraction. Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear...
XAUUSD LONG 5 WAVE - AB=CD Pattern analysis suggests AB=CD parallel geometry. Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September. Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now, looking for the bounce off the top red support,...
The trend seems to be going down. Possible causes are SegWith2x and the closing exchanges in China on 30th september..
All I gotta say is its going Short, and I will be updating soon!
Hello folks. I wanted to tell you that I'm not supposed to trade on Building Permits because it has a weak volatile movement, but I got out with +60,00 profit anyway. For FOMC, if you want my point of view, they won't be raising any rates until December. So I believe we're going to trade nicely tomorrow. You'll be surprised of how I will know whether it will go...
IRX (13-week treasury bill index) failed to hold above relevant highs of 0.07% and reverted back to hear-zero levels. Due to its correlation to Effective Fed Funds rate, IRX will serve as an expectations indicator of upcoming federal reserve rate hike Most likely reason of the lack of expectations regarding the rate hike in September is another leg of downtrend...