Sorry, didn't put this up earlier but it's still valid.
SGMO has bearish divergence between 11/14 last year and 01/13 this year (white arrows on chart and RSI ). Also as usual, RSI shows signal for selling (overbought).
The price also happens to be at the downtrend channel resistance. The volume profile shows increased more seller-to-buyer ratio since 01/17....
CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart).
Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Harmonic downtrend (green trendline) since double top in 2013 and 2014; has been trying to find a base in the 40's but is now in the 30's looking for a base. Currently at high for short-term and long-term and has high probability to fall.
RSI confirmation @ 65. Historically, RSI here has done well at signaling short entries.
SOHU is currently in short-term...
Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short.
But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region.
We believe that this falling wedge formation may...
On the 4-hourly charts ZEC is testing the resistance of the important Ichimoku Base Line, after the Bullish Divergence occurred.
Time to hit the Cloud (ie the Kumo) ;)
I wouldn't advise buying against this larger retracement unless current structure breaks.
For now, looking for candle confirmation of a short sell at around 84.90 as a short-term continuation play
Hi guys,
As simple as this. We have broken the Daily corrective structure, the two orange levels drawn are the main supports of the structure.
Since market has broken this lows, downtren is confirmed.
Looking for a consolidation right below the sell set up structure and go short.
Carlos
Based on the gap and price action, and also in line with current crude oil strength, this pair still has room to go down to 1.30 before possibly bouncing up again tomorrow. Entering a short stop order and monitoring its price action today.
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Entered a short stop order at 0.83887 with TP at yesterday's S1 fib level (might adjust TP to the other day's S1 fib level or enter another trade for the 2nd TP), and SL near base pivot line. This is in line with current weak sentiment over EUR because of yesterday's ECB news about QE extension, though based on higher timeframe charts, it's more likely that this...
