Hello everyone, I see a double top on the USDCAD the second top is lower than the first top. Also is on the MACD chart the Signal line above the main data.
It can be a challenge comparing the timeframes of two bubbles in TA, when one runs over the course of 10 years vs 2 years. Yet i believe a striking correlation playing out here between two completely different markets in it's own timeframe. As always, both bubbles is naturally fuelled by the same greed and stupidity that is coded into our human DNA . We...
The other day when I posted my SPY chart this is what should have posted. I guess the window I had opened that I hit publish on didn't have the finished chart. This is the rest of the points that were supposed to be included
Finally breaking above the 1 day 50ma with authority was a great bullish sign up until the price action reached the double top point. As soon as price action retreated right at the double top point exactly it gave a great opportunity for the bears to shove the price action back downward. It may be a good risk reward zone her to exit my position and set a stop buy...
Hi Guys! As we see on this chart, my previous scenario didn't quite play out... But I still think we are topping out or already topped out in these areas around 1310. I see this scenario for next week. I am in a short position with a tight stop loss now and waiting for the lower gap to close. That area would be my target nr.1 Following targets also seen in this...
Possible top of uptrend channel to be reached soon followed by a bearish wave
The bullish fundamental news of Abra's crypto/stockpairings coupled with the powerful support of the weekly 200ma and the fact that we found support on the bottom trendline of the wedge before that have all factored into todays huge surge and return to the top trendline of the wedge(in green). Had I been paying attention today I would have definitely had a limit...
diamond reversal figure is close to implementation for all traders who are ready to get into the big team, and try their hand at the competition of traders, welcome to the 13cartel.com
CYCLES AS WELL AS THE PUT/CALL AND VIX MODELS HAVE NOW COME TOGETHER TO GIVE A SELL .I have moved into a short sp at 2706 today on twitter and shorting banks and wti and qqq are near my target of 171 plus or minus 1.5 we should now see a 2.5 to 3.1 week decline
A double top formation has formed through breaking the baseline. Having made two highs at similar highs and price entering the first highs wick this gives me reason to believe it is a valid double top. For added confirmation I looked over to the RSI indicator and found some divergence. after waiting for a pullback I found a reversal candle stick pattern on the one...
In this update I layout my Elliott Wave path for the NDX. I also point out some key Fibonacci targets to keep an eye on as well.
They compare between PTTGC and TOP that short or mid-term TOP will more bullish than PTTGC. If you hold PTTGC you should switch to TOP, Doesn't mean TOP will go up but if you hold GC there will have more Loss. So let see what happen in the Future. The reason that GC will underperform is about Spread of Petro Chemical. When Oil go down GC will gain but now Oil is...
The trend of the Italian index on both monthly and weekly rates is strongly bearish: starting in May 2018, this series of sales does not seem to be finished yet from a technical and fundamental point of view. At the moment the price, in line with all the main world markets, seems to be recovering after having rebounded on the level of 18000 points and should...
We have seen support at 3660 and Resistance at 4950. Simple but effective site draw at 1day time.
Hey all. Bitcoin is currently trading inside a bearish rising wedge with bearish divergence. I think we could do one more push towards $4180 before I expect this pattern breaking down again. The success-rate of this pattern is high. I am still waiting for a new low below 3k, and I am short from $4170 with my long hedge from $3300.
Hello Cryptocurrency Enthusiast, Bitcoin still have the momentum, hopefully it will touch 4400, or even higher 4800? The chart is self-explanatory. As you can see, Bitcoin is moving on an ascending wedge and a very steep rising trend line with contracting volume on Bitfinex, which means the bullish run is out of gas. While, please remember the crypto-market...