Divergence from minor bullish channel. Follow your rules.
Good opportunity to sell some upside calls or call spread, above 1.60 strike for sideways or correction lower IMHO Targets on downside middle BBands and lower trend line (orange). (Time frame next 5-10 trading days)
If bullish, may retest resistance near R1 pivot. OBV has formed a local bottom and MACD and RSI confirm bullish price action. Ema50's slope is nearly flat and price has been lingering near it the previous 4 days. However, if surprisingly bearish, then it may have a support retest near S2 pivot. Stalk your entries and obey your rules.
Support near 95 and ema50 but magnetized to its P pivot. If bullish momo continuation, a pop back into the mild bullish channel before testing resistance of R1 pivot or 100. Obey your rules.
Now that the S&P 500 closed out 2015 with an annual loss, you are bound to hear all kinds of dire predictions about the market’s fate for 2016 and beyond. My focus is not weather the dire predictions are true or false. My focus is on the explanation and a visual representation of where some of the predictions may come from. The S&P 500 closed the year down 0.7% ...
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
The EURUSD started trading sideways. A Symmetrical Triangle can also be drawn on H1 and H4 charts of this currency pair. Considering this, would be pretty hard to determine what is the next move. I would wait for a break outside the range between 1.1214 - 1.1114. A break above the resistance would signal a rally for which I have as a target the area around 1.1300....
In these time of uncertainty, it is very difficult to take a position on the equity markets. I still think there is no reason to have a bigger correction than the one we have known in August, but I believe the market has to retest the lows before rallying again. I think several scenarios/events could hit the market before the end of October. (2 possible FOMC...
USDCHF has been trading laterally for some time now and no sits right on its weekly (120-h) mean. There is no apparent expansion volatility (measured by 3.2 st deviations) and there is no apparent slope of the mean. As there are no significant news (calendar events) coming out on the USDCHF today. traders can pick trades both ways, betting that the price will...
Bullish Bat Pattern here on XAUUSD that's looking to be putting in a double bottom at the completion point. (You may hav eone already on the LTF). I say looking because on this 4hr timeframe the current candle won't close for another 2 hours or so and as we all know the close is very important to the story that the market is telling us. If you take a look at...
We might be cought in sideways within the red channel for another 20 days. I look at the Willy or MAGNUS™ indicator and compare it to a similar situation we had a couple months ago. The yellow box had some rangebound action in it with a little breakdown in the middle ( just like we had it now ). The question is what will happen after the yellow box? The red box...
This market has been god awful boring (for Bitcoin that is) for quite a while. Quite frankly I have not been charting it as much during these past few months. I think my brain has just drained all the TA information as I picked up such terms as float, degree of operating leverage, days sales outstanding, covenant et. al. In any case, Bitcoin seems to be just about...
Seen some bearish movement yesterday, I think the market will keep sideways until mid-day, m15 entry 105.693, expecting 3.88 r/r, kinda risky, but possible considering the nature of the market as it is right now, supports are OK please consider adjusting the risk to your preference
It took 10 days to reach the predicted level but it's finally where I said it would go. Price failed to close below and will most probably go sideways between previous support level (now resistance) and current support around 1.2628. Don't rush into trading this pair yet, observe and once it closes above or below one of these levels you can decide.
EURUSD corrected, finally. At this point is moving sideways between the 100 and 200 EMAs. Keeping in mind that the main trend is down, we could expect a fall back to 1.3400. Only under this round level I would think that a new low could occur. Though the trend is down, I am expecting another rally. A break above 1.3450 and a close above the 200 ema would confirm...