Chart says all. I do not pretend to know WTH is gonna happen tomorrow, can't even see 20 seconds into the future fgs.
IF this plays like I think it might, gonna get Beary Ugly PDQ. See divergent indicators; the major indexes also diverge, DJI at new ATH while this struggles back to the breakout point. Gonna reject under the TL IMO.
I'd short this in QQQ March...
Refer to J Murphy, Technical Analysis of the Financial Markets: Fig 4-10a; rejection, return to TL; rejection confirmed:
See p. 72; and discussion of reversal patterns with diminishing volume pp 103, 107/8; Fig 6.8c...
on H4: EURAUD is overall bearish trading below our green trendline so we will be looking for objective sell setups on lower timeframes as price approaches it.
unless price forms a new swing around our green trendline and breaks it upward, then we will buy this one long-term.
on H1: EURAUD is forming a channel in red so we will be waiting for a new swing to form...
The cross is approaching a trendline and has created a bearish Cypher pattern ( we can also see a shar pattern completed on 0.886% of XA leg reached by a spike of a H4 candle), in addition there is a clear hidden divergence in RSI. Japanise yen is still strong because Covid crisis has not finished yet and some counties like South Korea and China has registred new...
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Gold can be very choppy so keep your risk low and mange it aggressively!
Target 1: 1690,00
Target 2: 1683,50
Target 3: 1674,00
After a healthy uptrend BTC has met resistance on the major diagonal resistance line drawn from the 20k & 14k peaks. Despite a strong rejection we have still managed to get a Golden Cross on the daily chart . Stochastic RSI in oversold conditions. However, We are in overbought territory on the Weekly timeframe in Stochastic RSI . Looking at moving averages for...
Got a typical reactionary rally after breakdown from rising wedge. Price moves back to kiss TL then rejects into C leg. This is a minor shallow correction of perhaps ~3%; a pause on road to ultimate ATH.
Gaps to fill down to 2949 on SPX will be the best yardstick for pivot. Buy all-in when price fills that gap IMO. Donald will make some deal with China soon as he...
Look under the twin arrows at the Doji how they pierce TL then reject- four times now.
In downtrend along upper edge of triangle pennant; flagpole bottom half ~ equal to upper in these patterns.
Just an idea; trade at your own risk; GLTA!
What's coin on guys?
I'll just drop this fractal here for you to follow. If this fractal plays out, drop could be huge. Don't mind the deformation from copied fractal. This happened because of the log scale.
If you are long here, be carefull and set your stops very close.
Compare/contrast to 11/12 June top and throwover. Bearish engulfing candle. Shooting stars. On intraday we saw hanging man twice, and shooting star in SPX 8/.21.
Expect imminent throwover to entry on wave C of ABC ZigZag correction pattern within days, after reaching all-time high on SPX 8/21, US 30 25888 at Fibo 0.786 from Jan 26 high. Target 23531.
NZDCAD rejection a potential trendline on the bigger timeframe, tests it for the second time, market closed with a strong bearish candle on the 15M chart. When we see more bearish momentum showing up we can take it short to 0.9421. Decrease risk because of this strong 0.9454 level between entry and target. If it completes this pattern it's an double top pattern too.