Jan Milk III is nearing the Support 3 line and closing in on oversold RSI. Milk is very bearish right now. USDA put milk trading around 16.18 to 15. Well it went below that. The next USDA numbers on Milk is November 20, 2017 3:00 PM. Right now Milk is trading in a band and could be coming to a final three drives pattern.
BTCUSD hit our previous analysis at intraday setup 5 Now this coin complete three drives pattern inside rising wedge pattern, and already hit wedge resistance. Both of this pattern is danger, with bearish result, if this coin drop : 1. we have support at 6063.91 and 2. three drives pattern projection at 5391.00 For bullish,, we still have symetrical triangle ...
I can't quite buy into the skewed H&S breakdown, but see old-man BTC's need for a breather. A pitstop low enough to allow for a repeat of the last pattern would allow for a steady path to 7200 with some reliable volatility for short-term traders. I don't want to jinx hodlers, but I can't help but hope for the return to the 4600 neighborhood.
Tecnical : BTCUSD jump after reach 5581 this coin still in bullish wave, our target at 6449 this weekend. If rising wedge break down support at 5391. Fundamental : Huobi to reopen trading with Bitcoin and Ethereum trading on Oct 26. China lifting ban could likely reignite Bitcoin market news sources : https://www.huobi.pro/zh-cn/notice_detail/?id=651
December Lean Hog maybe moving into a 3 drives pattern. RSI trend is up and hasn't been broken. Hog index is now at 60.92. We may see sideways trading now until a definite direction is decided. Watching for trendlines to fail top or bottom. New pivots will be formed middle of next week producing a small range of resistance and support.
FX:GBPUSD https://www.tradingview.com/chart/EURUSD/ECb5Dl2T-Crab-Pattern-Engagement-Rules-Educational/FX:GBPUSD https://www.tradingview.com/chart/EURUSD/23Jop8vm-Cypher-Pattern-Engagement-Rules-Educational/ https://www.tradingview.com/chart/EURUSD/T3D391Dj-The-Three-Drives-Pattern-Educational/ Safe Trades;
November Soybean is following an uptrend. Although today was bearish and probably the next two days next week, we should see another round of buying. Soybeans got hit on the USDA report so not too sure how high this will go. This may be a simple three drives pattern and double top rejection. R1 becomes resistance. Trendline becomes support. Next downside target is ...