Harmonic pattern on the way. The retracement CD will need to go above the B mark. Then, it will probably hit the yellow trendline at D (1835) . Take the trade when it is ABOVE the mid line red on the pitchfork . 200 and 100 EMA confirms that it will probably go short again. However, don't forget that it will go LONG in longterm. What you guys think? Let me know...
My analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was...
All Discussed in the Chart waiting for the Daily Closing and price action from here !
My 60 PTS strategy says 60 points reached go short!
Pure technical a market crash is very plausible, adding to that the bad economic news, the zoomed out consolidation market (which is a turning sign). Any major event this year (like for exemple us elections) could trigger the steep decline. But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit. This week the ECB launched there...
i. GBP in H4 is still below the bearish trend line. ii. 1.55627 is an importand intensive trading line, a rather strong resistance above. SO, I think from the mid-term aspect, this pari will keep going down. Pink arrows are my guess for your information. At last, if you need more trading information or want to communicate with a bunch of Forex fans, welcome to...
Correction trend line was broken we wait for down trends
The Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1...
Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @...