Hello guys! As we can see in Eth/US dollar, we have an EffDI(my indicator, use it :D) Divergence.
Why we should short Ethereum/US DOllar:
On top of that, we also completed the 5-wave chart, and a double top was formed.
Price also struggles to break the EMA 9, in a Triangle formation!
Therefore I recommend:
Enter the Short when the price breaks down the...
Greetings! Here are some insights on the Bitcoin/US DOllar.
We should short sell because:
The trendline is broken( breakdown !!!!), at the same time, EMA 9 is broken ! There is also a hidden divergence on my momentum-based indicator, Effective Divergence Indicator, as you can see.
That is indeed very alarming! Also, if we can see the Wave count, we...
Here, we have strong momentum of an upward trend. However, it looks like it has reached it peak and sellers is starting to make entry in the market. On the 1 hour chart a strong bearish candle is formed which engulf the bears showing promising signs a positive short selling.
Reckoning that price will reached at zone 1.22147.
Good luck and happy trading.
LET GO INTO THE MIND OF SHORT SELLERS!
Short-sellers borrow a security and sell the security into the open market at a high price and expect to buy it back eventually at a lower price and will profit the difference as a capital gain. Short-sellers watch the security and wait for an opportunity to initiate their trade. Short sellers place their bets when the...
We hold 0.618 Fib level(yellow circle) 46.80€ from the 53.35€(10 Jul 20) high and 36.20€(04 Sep 20) low also we rejected at 1.618 Fib level (yellow circle) 63.95€ From this point we made currently new lower lows.
I expect that we testing 0.618 Fib level (turquoise circle) 49.40€ and if we hold this zone my longterm target would be: 67.75€ 1.618 Fib level.
GLD is clearly in a correction!
Please allow me to elaborate more on an earlier article on "GLD Current Correction" on December 8, 2020. Just some thoughts on GLD SPDR Gold Trust Gold Shares NPV current correction, GLD probed the new high price of $194.20 (as of market close on Aug 3, 2020, per the weekly chart). The weekly chart of GLD SPDR Gold Trust Gold...
EURUSD is trending to the downside today prior to Germany's trade balances data being released. The data is a balance between exports and imports of total goods and services. Technically the pair is trading below the 1h 50 moving average and holding below the 1.2130 pivot, and we anticipate continued downside into 1.2039.
Execution on this trade monitored thanks...
Hello traders and analysts,
Here is a view of Netflix, while alot of people are currently restricted to access in the outside world, content is being pushed to online platforms but without an abundance of new content to be completed and provided - re-runs and previous fan favourites will suffice? or will it?
Will people scale back on entertainment where people...
RSI divergence is clearly visible in the chart.
hence I would suggest people to be bearish since cholamandalam already gave a breakout and can possibly give a retracement and therefore fulfilling our strategy
please don't short below the red line near 270.
target 1 of near 1.9% can be achieved if cholamandalam starts falling
for people who want to take more...