On Wednesday, in addition to the usual market drivers, such as the uncertainty surrounding the US-China trade negotiations and the reduction of risk appetite, we had other interesting developments. As a result, the euro lagged.
For the first time since 2004 in a quiet move China sold euro-denominated bonds, that is highly significant and telling. The sale was...
ETHUSD Long Term/Short Term Price Forecast
Per Adua ad Astra
That low at 360 was as big and meaningful as Bitcoin's at
6000. Perfect Gann numbers too. Like, reeaally PERFECT.
Those lows are equivalent of the lows reached in the first
internet cycle when Nasdaq Composite fell from 5136 to 1118,
a decline of 78% in magnitude, playing out in 4 large...
I have a straight question to you, and would love to hear your answer in comment section.
What is technical analysis? Can you define it?
Most people think that I am technical trader, but I am not. I have nothing to do with technicals as I don't use them, so what is the definition?
I will write what I think about it, and it is only my subjective opinion.
After hitting a 2015 long term high,aaoi appears to be entering a corrective wave: which is good if we hope price goes up afterwards. But if it consolidates or enters a second corrective phase, a downtrend could follow: and with a break below the fib fan resistance level, that could very well happen. Best, Matt
USOil daily chart showing an inverse H&S pattern. Price is closed at neckline of $42. Breakout above $42 with meaningful conviction may bring the price to next major resistance of $45 to $46. Momentum indicators like CCI and RSI still have room to support potential upswing in prices. OBV yet to show improvement. Failure to break neckline signals continuation from...
The cross area between all the trendlines in my opinion could offer a nice long entry with a stop loss below the blue horizontal line and a first target at the 131 area.
I am still waiting for price to unfold and see the closes of the candles.