Wait for breakout, stop-loss at the last high and after let it go...
Quick play before today's interest rate decision with a possible extended target if the trade is in the green once the news come out. In a hurry so unfortunately not able to write a detailed analysis. My apologies.
This is 1 hour techinical analysis. Very tight SL range, but give you very good RR. H&S PATTERN formed and the price objective hit. MACD give you a short term momentum bearish and the RSI give you a divergence signal. Good luck trading.
Pure technical analysis with any fundamental thinking. Indicator give you a good upside momentum in the down trend. So there will be some limit for the price to go very high. Meanwhile, price pattern give you a very good indication to go long for the 1 week time horizon.
Good Fibo level 50% retracement from previous wave. And the price been consolidated to form a square area and tested 3 times the bottom. RSI show divergence with price and the measuring price objective from previous chart is reached. Good to go long. Good trading day. Guy
USOIL has established a Bearish Gartley further proving that a short-term correction will need to take place in order for the security to continue its rally or pivot to new lows. Now, with the fibonacci retracement system the most notable levels include both 38.2 and 61.8. Also, momentum and selling pressure seems to be increasing as indicated by the doji. Based...
This is a quick trade. I anticipate it should hit soon. Profit target not far away, but since I feel it's a high probability setup, I suggest jumping in anyway. I'm a set and forget trader, but in this market, I'll do a confirmation entry. The only downside to confirmation is that you may miss out on the opportunity. My personal strategy, if price trades from the...
We've broken the head and shoulders pattern that Ive been eyeing on the daily chart, a close below that level today would be a nice sign of confirmation. However, on the hourly chart we have an ABCD pattern completed at a 1.618 ext, so there may be a short term bullish move (or massive rally, not sure). I don't try an predict market moves, I simply make a plan for...
Similar to my other setups today. Corrective structure after strong move suggesting bears still present. Primary target 1.8310.
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
Everyone is Busy with Daily and Hourly charts,So I have stepped back and trying to shed some light on Monthly as it is at a very Crucial Decision point. Falling Trend line from all time Highs we hit in 2011 is here to decide the faith of Gold ;) Short Term Correction at least to $1200 is expected in coming month or two, it may not come in light of some Big...
I think the price goes up because the channel is narrowing and the i see a in the daily chart a up trend.
The Hershy family trust has turned down other offers , they seem to be loyal to workers , state country , self the offer of 107 is below where this price jumped up to of about 115 i am in the July 110 Put @ 2.63 have sold some already in the 3 to 5 range has a long term hold possibility so i might actually exercise some puts if it drops enoughl
Short term bearish w/ confirm sell signal on daily chart. looking to re-enter below $9
Reasons 1) Bearish hammer on 4h 2) Divergence in play with RSI and MACD 3) Price got rejected at key resistance level 1.141 Note: a) Taking half profit at trend line b) if prices break, taking the other half at 61.8%. If not, move to breakeven All the best for some quick pips. This is a short term trade.
-Hourly trend is bullish, with the market not violating any of the trend lines -Yesterday (11/3) we pulled up to the market upper trend line and did not break -RSI with index upper 80 lower 20 was almost overbought (overbought on 70) Friday showed a good opportunity to short, however it is not too late to make some pips on the short side trading the chart and...
It looks like the market chose the most confusing structure to confuse everyone looking for a turn and convince them that it will never come. Right now it looks like a possible ending diagonal, so there might be a bit more to go (although the 5 can undershoot or overshoot), but basically the 5 can end any time from now up until the upper pink TL. The green line...