if the price go down to the level of 15.30 then I will look for an opportunity to go to Long the expected stop-loss 15.17 if the market does not adapt to my imagination, then I will'll be watching the price further
SPX overthrew the top TL before reversing and also back-tested that TL before heading lower again (highlighted on the chart). Right now, SPX is testing the lower TL and it is critical to watch the reaction here. Normally, after an overthrow and back-test one would be tempted to go all out bearish, but this market has proved with the current rally off the lows...
This pair has been trading off this channel and hasn't broken it it . with a good view and look at the long term bearish sentiment on the pair , this looks like a great short opportunity . Use proper risk management . Thank you . Much love and Blessings .
if the price comes in the green zone, I'll wait for the local support and opportunities in the long position. I do not have accurate goal as the price rises, but if I get buy, the first goal is to update the maximum and the next goal is the appearance of local resistance. but generally I would expect that in two weeks it will be possible for Short. and if the...
if the price comes in the green zone, I'll wait for the local support and opportunities in the long position. and if the market does not adapt to my imaginations, I will continue to watch
DXY daily ICHIMOKU cloud indicating short- to mid-term decline Crucial levels 98.2 to 98.3
I have just reentered short on this pair at 0.67502 with SL and TP on chart. Size lot: 1.25k Risk:870$ Reward: 3760 $ Good Luck!
(03/03/2016) 18.11pm GMT EURGBP : With a cross of the daily trendline at around 0.77500, look to go long (remember to use the shorter time frames 30min,15min to enter). Looking at targets of around 0.79200 with a risk of a return to the WeeklyTrendLine at 0.77000. If price bounces off the Monthly trend parallel Channel, Short after confirmation which will come in...
Alcoa has been trending down over the past year, as denoted by the blue trendline following its price peaks over the past 12 months or so. Over the past two days its finally broken through that line, indicating that the trend may possibly be reversing and Alcoa may rise. In the short term if Alcoa does continue to rise, expect resistance at $10. This is an...
Well, the SPX headed lower and broke the 1 but also the (presumed) wave 2 level. Meaning that the red count was invalidated and we are working only with the pink one. The current set-up is getting unclear again though since the market had a 3 wave decline and then bounced strongly. For the downside to be clear we would have needed an impulsive decline... So,...
Doji trapped between daily resistance line and daily support trend line. Short term long IMO. Feel free to comment and share your thoughts, newbie still so go easy ;)
Zooming in to the hourly chart, the (presumed) C wave looks to be in the final stages. The previously pointed impulsive decline was entirely retraced so it is very likely that it was part of (yet another) flat correction, which was likely a 4th wave. So now we appear to be in the last 5th wave of the mentioned C wave. The big question now is if the 5th is already...
Bigger picture, the SPX looks like a flat off the lows, because the move to new lows (from red A to red B on the chart) looks to be only 3 waves because of the overlap. Therefore this huge rally off the lows is destined to be FULLY retraced, since it is likely a C wave, part of a correction. The big question is when will that correction start, of course and for...