Gold appears to be repeating its behaviour from earlier this year.
From 20th February to 19th June 2019, price was in consolidation and used the base
of the consolidation zone as support and then formed a strong uptrend which rose by 22%.
If we bring our attention to the current consolidation, the pattern looks very similar
to the consolidation period mentioned...
Apple continues to perform well, despite being range-bound for 4 months
between May and September 2019.
Prior to the consolidation, we saw a rise of 52% from the beginning of the year.
After such strong rallies, it is not unusual for price to slow down or pull back sharply
as there would be exhaustion amongst the buyers.
A deep pullback or long period of...
NEL is definitely in the buying zone here at 7.5 NOK where a tight stop loss as indicated by the black line can result in 9 % loss. But on the upside it can continue its trend with 110 % gain per year. Disclaimer, I bought stocks in NEL at 7.35 NOK
Good weather and no snow in Denmark so far, thus the insurance stocks should have good financial reporting next year. This stock is a part of the Danish leading C20 index and seems to be able to go for the top of the drawn trend channel now that the black resistance line has been overcome. It should hold 184 DKK so a stop loss can be put there.
welcome to another free signal!
Important: Wait for the market to break below the 50 EMA and the current range in the smaller timeframe (h1) before you sell.
Market Sell: 1,32485
Target 1: 1,32062
Target 2: 1,31727
Target 3: ...
One more analysis for EURCAD, there's a interesting moviment happening in this pair, we got a head and shoulders pattern in a bearish weekly trend, so we wait for a continuation of this short. Let's pay attetion on this pair in the next hours and days to find a good spot to make our entrys.
STAY AWAKE FOR THE BREAKE!
HERE IS MY SHORT IDEA FOR THE USDSGD...
IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME.
1. DOWN TREND
2. CORRECTION FINISHED
3. LAST LOW IS BROKEN
4. MY ORDER
Since February 2018, a rally began in the Dollar Index which saw it move above the 200sma
in May of that year and continued until it reached a high of $97.53 in November 2018.
Price has been trending to the upside but it has been a slow gradual process,
moving sideways the majority of the time with the occasional breakout.
What helped and assisted price is...
With a strong bullish November, we saw price rise by 102 points. The momentum looked strong and
seemed as though it was set to continue through to the end of 2019 but the momentum has come to a halt for now.
Price has dropped sharply, falling 33 points on the first day in December and not that start of
the month we would have liked to see but what does this...
Rather interesting coincidence in these two formations don't you think? Perhaps the same market maker algorithm? This is uncanny in its formation familiarity.
I've observed multiple examples of this type of repetitive market behavior, but this is very far the most significance I have discovered.
I'm not certain exactly what to make of it. I'd love to hear what...
Fundamentals are coming out strong for bull momentum with lack of positive trade negotiations and added fuel to the fire with the bill set by President Trump for Hong Kong Protestors and further restrictions on Huawei citing national security concerns. Additional tariffs to be struck on December 15th with China saying that and past tariffs must be removed to...
What is clear based on the daily timeframe, the EURUSD is in a downtrend.
This downtrend began in February 2018 and has since been on a slow decline.
Traders with little patience and experience would have found it impossible to short this
forex pair and remain short, but the rewards for doing so would have been in abundance.
If we look at the highlighted...
Monday 25th November marked another record-breaking day for the S&P 500.
It looked bad for the Index when price started to decline on September 19th 2019
where we saw a 168 point drop over a few days.
Something came over the buyers who were able to drive price back up, forcing its way
through the previous all-time high at $3,028 on October 28th 2019.
HERE IS MY IDEA... I NEED YOUR SUPPORT PLEASE LIKE, SHARE AND FOLLOW ME. THANK YOU FOR THE SUPPORT.
1. DOWNTREND CUT
2. LAST HIGH IN DOWNTREND
3. THE LAST DOWNTREND LINE
4. HIGHER HIGH
5. HIGHER LOW
6. MY ORDER
Price has been doing well since breaking through the previous all-time high at $1,615
on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it
reached a high of $1,823 on 30th October 2019.
A pullback, which was to be expected, came down and even dropped 122 points in 2 days.
Day traders may have been scared off but as trend...