Another free monthly case study on DJX, support at 178 and the target is 181. You are welcome to check out my site for more details on this case study.
NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not...
This could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further. Liking this for a short on Monday Scalp opportunity: TP1 0.764 Larger swing: TP1 0.76164 TP2 0.757 TP3 0.74
Retracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps. Will see how we go on Monday If you wanted to be conservative, you could just wait for it to bounce off the bottom of...
Waiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214. TP1 1.412, TP2 1.404
People with long term time horizons were freaking out and wanted to sell. Show this to anyone who says technical analysis isn't real. Simple supply and demand.
Simply documenting this - 1.618 target + retracing to 1, before another 1.618 target - usually don't see it happen this often in a row in a wedge pattern, but its good to see it in action
A megaphone has played out before during the 60s and 70s. Just so happens that this megaphone would play out at a very important bottom trend line.
I've been asked a lot about trading during Holidays Season. There are several things you need to be aware of if you intend to trade during Holidays Season that starts this week: 1. Low liquidity - Market is thin as banks, funds, institutions and pro traders take time off 2. Unexpected moves and increased intra-day volatility. Aggressive price reaction to minor...
As $aud seems to gain strength related airs offer some solid setups. This particular pair is more interesting for it keeps repeating same fractal and not only on higher levels, but on lower time intervals too. So im gonna give it another shot and hopefully we will get at least one more high. $STUDY: 5-0 pattern: tinyurl.com
While testing with different Volatility BAND's within my PRICE/VolumePressure Indicators, it's funny how patterns come to live... Here at Monthly TOP's..! :D
"Mouseover" any candle from chart to check the "future" :) At D, if we had entered short, with a sl above the last structure high, look what happened...
Hi Traders, To see all the missing charts check on www.fxtutors.com.au GOLD TRIPLE BOTTOM Gold (now at 1241) has made a triple bottom around 1183 (see weekly chart and daily chart) and started a corrective rally as usual. At this stage, there's still no sign of the typical set of waves that mark the end of the major downtrend started in Sept 2011. Hence, Gold...
I had to redo my chart after the stock split so it gave me a chance to take another look and redraw. Here's an updated chart that may or may not prove valid. Price does seem to react at the various tines of the fork. Daily closes above the mid fork would bode well for AAPL. Price rejection by the mid fork and closes below 90 would have bearish overtones for AAPL...
Here is just one look at BTCUSD. Let's see if these trend lines continue to be respected. Pay attention to price and how it interacts with pitchfork support. Over 680 would be bullish. Below 535 spells trouble for long trades.
Likely that $113.20-50 zone and then 96.15-25 zone will be useful areas for bulls to lean against for a pivot. Based on dual fib confluences.