So, i was studying the daily/weekly chart of the $SPX and thought to myself: this chart pattern looks familiar to me. I feel like I have seen this before in the not-to-distant past. The pattern: 1. cruising along at market highs 2. bears take over and we see a ~10% correction 3. bulls resume control and take prices back towards prior highs 4. we fail to...
HSI bulls back strongly with 2 strong days to end the week above 30000 again after sellers didn't manage to sell it back down. Ideal uptrend intact as per trend indicators. With the US now at all-time highs, a good follow through with positive trade deal news can be strong catalysts to see HSI back to 31500 and beyond.
26950 area is very important as this is an all time high price that I can almost guarantee you WILL NOT be broken any time soon. It doesn't take a genius to work out why this level will not be broken... look at the muppet you have running the country he's like a spoilt little child running around a toy store running up debt and annoying people, The US is the most...
Elon Musk has promised to take us to the moon every time we reach this level. Fire the Space X rocket. We are using the 50MA for the boost.
Last post: September 17th 2018. See chart . Review: Price had just cleared $80 and was looking strong for further bullish action. Update: Price instead pulled back to $67 found support, bounced and is now trading back above $87. Conclusion: Patience needed until a break and close above the March high to suggest a bull trend continuation. Sublime Trading
See chart for momentum position on short side- using trailing SL
Hello, this is our point of view. We are looking for a buy after 197.00$ breakout and retest. Our profit target is around 216.00$, as you can see there is a strong resistence level.
hi guys ,Stocks Like Mircrosoft are one of the best assest for buy and hold stretigy or random walk theory !
The Dow is currently rejecting significant trend lines on the weekly time frame and we are witnessing decreasing volume from a weekly perspective also. As many of you know who follow me, these trade set ups are what I look for as it allows me to set up a good risk:reward ratio in my trade plan with significant price action changes having to occur to stop my trade...
Hi all, as you can see on the weekly time frame (also monthly) we are witnessing positive price action for the ASX. Although positive price action is generally celebrated, it needs to be backed up with positive movements in relative strength, which in this case is not happening. As you will see on the chart published, despite the positive price action we...
I believe the market after hit the trend line comes to 7 and then we#re going for 16 let's see
S&P500 hit peek yesterday, I don't know what the Feds are going to say or do, but whatever it is, the markets are not going to like it because we are headed to new lows ladies and gentlemen. Hold on to your panties, this might get DUMPY!
5 waves completed on the long term picture We did hit our 2:1 extension, which means that we may expect a pullback now. 100-103 USD, should be a good short opportunity. On the long term i am looking for a pullback to 76 USD
The overall structure is a ABC correction up Within C we have 5 other waves The 5th wave is either going to end at the 2: or 2.272, trend based fib extension, which makes 269-270 a very good short opportunity. (Within the red box)
Hello traders!! From a technical point of view it is possible to try to take a short position on a potential technical rebound. The R/R ratio is also good (>1:3) COMPANY PROFILE Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and...
Appears to be a build up of Sellers at around the 15.50 area, watching out for any strength in the USD could take price down further to a support line at around the 13.90 area and to a price squeeze. With the stock market potentially heading south, silver could be heading that way also as money is attracted to Gold.
Will be going long around the support area. Strong uptrend in place coupled with strong support level.
TSLA has had to go through a lot with all the news stories and FUD surrounding Elon Musk, and the stock price has suffered a bit. However, we are now sitting just above the 200 weekly moving average, and if if continues respecting this upward-sloping support (which is just below the 200 week moving average), TSLA has the potential to bounce up to higher levels. If...