Gold is looking like it will fall back to the 1500$ baseline at least, from here we can either break support and head down to the sloping daily trendline or bounce back up.
Either way has good trading opportunities, all we need is some energy in the markets.
Hi Friends , breakout on daily time frame on AMEX:CQQQ.
Look at the breakout with the Green candle peeping out of the triangle formation. RSI and ADX both showing strength (DM crossover the DM- but ADX still weak, but looks like gaining strength.
Watch out for possible retest of the newly found support line ( earlier resistance line) for a possible throwback...
My chart from a few days ago on the 4 hour is still in play. I'm sticking to my positions. Please, if you are unsure, do not take my word for it. Do your own research before making ANY investment decision.
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Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a...
Check out my analysis on this chart via YouTube at Dumb Money Trader
Trade talk meeting in Washington D.C. this week. Big week for SPY. Stay tuned and keep your eyes and ears open for changes. Might be a volatile week.
Here's how I'm trading SOXL right now. I buy when it gets below the red channel and sell when it gets above the red channel. A breach of either of the blue trend lines would indicate a breakout from the current trading range. So I'm keeping a stop loss just below the lower blue trend line.
Today I exited at 170, and my next buy order is at 152.50. I hope to see...
Continuing on from my last analysis - we have now seen the break and re-test after we made a gap in the market, so next we wait to see what price action does.
We have US GDP news this week along with continued trade talks.
I would expect to see more consolidation until Thursday.