As I've said before. Volume divergence is the mark of a weak market movement. Smart money is not buying right now. The peaks of volume have coincided with selling from levels like the one we're currently at, so we should see more of that to come. The price in the last rally and today has gone up on the lowest level of volume we've seen in months. Down it goes
Possible double top formed / forming on around previous levels of ressistance Couple of areas I will be watching
People will laugh at you if you say $75 as a price target for AAPL-3.06% . But there are some good technical reasons to believe it might happen, outlined in this chart. WE have an unfilled gap at $75, and a confirmed H&S top with a technical target that takes us to the gap. Sentiment has turned and while a move to $75 would be extreme for such a profitable...
EDIT: sorry if the on chart text is small - essentially from left to right the text boxes on the chart say, 1) observe the gap 2) We assume the spike down in Sep is anomalous 3) Downward price target of H&S is the distanceof the neckline to head 4) NEckline retest confirms the pattern People will laugh at you if you say $75 as a price target for AAPL. But there...
EURUSD currently offered a nice chance for a 2618 Trad e, which basically is a return into the 61,8 % Retracement after a double top like shown in the chart. The first Target would be the recent lows at 1.1218's. We also have a nice gartley pattern as a potential buying opportunity at 1.1170's. STAY IN THAT OPPORTUNITY FLOW! Website: www.ogtpartners.com...
Thinking shift back to 20.16 is possible.
Are we finally at the end of this super rally ?? The final answer in a few days. Cheers, Keops
SPY is about 40 cents from hitting the blue descending resistance it has rejected cleanly four different times. There are about four SPX500 points up to go as well. When SPY hits, and then rejects, said blue resistance, please pour a drink out for SPY, because it's not gonna be bullish for a long time.
Platinum along with other precious metals started a bull market around february. After two attempts to climb above 1000, we are now at the third of these tops and heading towards correction. I still believe the primary trend is upwards and support will be met with 50MA around 960. Note that last three new moons (blue spots) market peaked and reached bottom around...
So we see a longer trend of lower lows, and lower highs on most major indices worldwide, and this is clearly also starting to catch up with USA too. The latest bull move is looking extended and we are seeing signs of exhaustion and a rather messy-looking head and shoulders top is emerging. The key feature here is we have a rising support, the neckline, that...
Hi there, We have a very clean 2618 setup formed on the Kiwi. Price is currently 20 pips away from the trade entry point, 0.69150. I trade 2618 setups on the H1 timeframe aggressively and have already placed a pending sell limit at this level. Remember, only trade what is in your plan, and if you don't have one, please do yourself a favour and get one before...
Rest of hope in the Markets similar to 1994, but now we have not the positive divergencies as in 1984. Today some divergencies are visible but not so powerful. Comparable divergencies in 2000 and 2008 downstream had only short term influence. And in the last indicator you can see the missing link, no action in 1984 but in 2000, 2008 and today.....
Behavior for the coming ? Risk for long term rallye outbreak: under 30%. Happy shorting!
USDJPY SHORT STRUCTURE BASED TRADE With Feb Confluence with Previous Support now is Resistance with Double Top and RSI Divergence
I have left everything on the chart for you guys/girls to read. if you have any questions just send me a message and i can help out sure thing. Just want to shout out to Akil Stokes and Jason Stapleton for great material. Go check out there free stuff! They have by far the most valuable trading information on the planet and 99% of it is all free
• British Pound traded higher against the US dollar, and moved above the 1.4200 levels. • There was a bearish trend line formed on the hourly chart of the GBP/USD pair. Which was broken by bulls. Wait for re test on trend line then BUY!