It seems TWX stock is now heading for a disaster, looking at the monthly and weekly charts, we have just completed a very lengthy correction, over several years in the making. My Elliott wave analysis for this pair, shows that if the current trend continues, the next impulse wave will send the stock to a crash. MACD confirms the end of the current...
Good Evening Traders!
Well, here we are again, Gold trading just above the 1250 mark. Today was a solid day down, with Gold trading 16.7 points off the opening to close at 1253. We have come right to the top of this support area that was last seen on June 24, the day the British approved Brexit, and the day when Gold rallied 108 points in 1 day!. It's amazing...
Good Evening Traders!
I've been calling for the bottom of the current cycle and last night I pointed out that there was major support below my current Gold short @ 1305. There was the upward trend line dating back from January, the channel bottom from July 1, and the bottom BB Band (2.0 Std Dev), all sitting right at 1305. This was also confirmed by a Stoch RSI...
Golden Dawn Minerals is showing a lot of bullish signs that it is ready for a potential new high. Support has been found at the 50MA as it has before, and the StochRSI is showing an oversold signal with the MACD about to cross to a bullish signal. Also I like this trade because volume has been continuing to increase and it is showing strength with a large bullish candle.
Lithium X Energy Corp. has just broken the small wedge it has been forming. The reason I think this trade has a nice upside is because the StochRSI has been showing an oversold level for a while now, the squeeze momentum indicator is showing that squeeze is on, and the stoch is just above the 20MA which it has been respecting.
Pure Energy Minerals has been on an uptrend over the past few months. As you can see on the chart, price has been following a trend line that the stock has recently met again. The price has been respecting the 20MA - 50MA during the uptrend and price is currently positioned right under the 20MA, for me this looks to be an area of value to buy for the next move up....
Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications.
1. A broken Trendline
2. An oversold signal on the Stochastic RSI
3. A MACD crossover
4. Price meeting support at the 20MA or the bollinger bands.
GXS has just shown all of these signs and is looking like it is ready...
A short term downtrend has been broken and there are several indications to buy. Volume has been increasing, MACD is showing it is about to cross, Stoch RSI is showing that the stock is not trading at an overbought level, and it is trading just above the 20 Day Moving Average which has been acting as a line of support/value for the past few months. Also with the...
NZD/USD may be slowing down its momentum and could provide a nice opportunity for a quick trade.
-Pin candle formation at resisitance/swing high on 1H chart
-Pin candle formation on daily chart
-Stochastic RSI about to cross in overbought territory
-MACD bearish divergence
-RSI bearish divergence
AUDCAD weekly short
This is general direction!!
I will go to the lower time frame to place my short trade using following method:
counter trend line break
support and resistance
candle stick formation
and market sentiment (???)
- good reversal pattern.
- price sat at good support.
- recent break of downward trendline, now retesting.
- 0.5 Fib retracement level from previous swing low to high
- Trending against the trend
- Trading through EMA's including 50EMA on daily.
Thoughts? Please comment below
-NZDUSD is currently forming a bull flag pattern
-The potential bottom of the flag found moving average, trendline, and Fib support
-Stochastic RSI is in oversold territory and may soon cross over
-With the poor non-farm payrolls report, and dovish tone from the FED, there may be a bearish outlook on USD since a June rate hike is probably no longer on the...
Volume shows lesser people attracted in upmove (less demand). so i see the upmove just as an retracement.
Bat Pattern will formed soon.
Elliot ABC retracement is ended soon.
More than a reason to short this pair. and i will short this pair just like i planned
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...