Buying Volume and Higher Lows on 1H and 4H Renko chart. Upside momentum MACD is increasing on the Daily Renko chart and RSI bullish crossover
big engulfing candle (bearish) on Weekly timeframe Sell on rally would be the best option the target should be at round number 1.30000 if it close below 1.30000, then we expect further downside to 1.2980-1.2853 CHEERS!!!
We broke out of this pattern last Friday, green boxes are targets. Careful that we don't form a rising wedge continuation to the downside. Green boxes are targets.
For the past 13 months, NAS100 has stayed about the 6200-6300 supply zone to maintain an overall bullish trend. However, since this level has been broken, it could simply mean that the bull is out of steam and the bear is taking charge now. This can be further confirmed by the recent appreciation of some of the safe haven asset such as gold and Swiss franc. While...
All eyes are currently on the potential inverse H&S that might be forming its right shoulder on this pullback, and if completed it could take the price to around 5300-5400 area which is the projected target of the pattern. As we've all noticed, when everyone expects something due to it being obvious on the chart, BTC tends to do the opposite, so don't put too...
GBPJPY failed to breakout from the zone making three tops that provide sufficient resistance. Falling was accompanied by another attempt to move up, acting as retracement providing additional space to continue move further down. Weekly chart provide sign of piercing through lower structure - potential to further down move. Cumulatively nice opportunity to ride one...
the USDJPY has made an upward movement in the longer term. This trend started on 26 May 2018 and the price has risen rapidly thereafter. The trend line (blue) was respected several times during this uptrend. Personally, I think that this uptrend will stop in the long term and make way for a downtrend. The price does not make new higher heights anymore and this...
Looks like as we are approaching the key support trendline ( view my last idea ) we are forming a falling wedge pattern on the 1hr. This could be a good sign pointing to a move higher in price. Looking for a strong break and close of the wedge would be good to see here. Follow for more ideas like this one!!
NASDAQ:FB stock showed some strength yesterday after announcing additional 9B stock repurchase program and closed strong rising 3.22%. I will try to enter my swing trade at 140 with a stop under 136 and a target of 150. Will hold this trade for a week if there's no follow through sell before.
If the top line is broken while at this daily support (white line) and juts out of the weekly support (purple zone), it's a possible long trade toward the daily resistance (white zone). Just an idea, I'm rather new to this still and would love some incite!
The EURUSD is currently in a symmetrical triangle (blue trendlines). I believe this will break in a short term. I expect that it will make an upward movement. As you can see, the Elliot wave has been applied. Here you can find point E in the lower part of the triangle. If the elliot analysis is correct, the triangle will break in the next movement. I expect an...
A potential reversal may happen if the neckline/50 EMA/trend line (orange) is broken. The neckline is in an odd spot though, at the bottom of a Monthly Resistance area (pink zone) as well as headed toward a pretty respected Daily Resistance (white line), as it has 6 major rejections since May. I'm rather new and still learning to trade, so if you've got any tips...
We are currently under the neckline of a very important trend reversal pattern known as the Head & Shoulders Pattern. If we close under the neckline we will move towards my target at 21600 over the next few months. This would total an 11.5% neckline which will drag down all the other indices with it. Be prepared if we close under this shoulder! Follow for more...
Reversals take time. The Dollar Index has been bullsih most of 2018 and it is now showing signs of slowing down, consolidating and/or reversing to the downside. Ofcourse this will offer great opportunities for the dollar related currency pairs. Last week the trendline on the 4 hour chart got tested and rejected but at the end of the week it got broken again....
There is a possibility of a GBPAUD long set up here. There is no technical pattern right now, so there is no trigger to take the trade but we are approaching a very important trend line and the bottom of a support zone Time to put GBPAUD on your watch list for the week to see if a reversal patter forms or we get a big Higher High - Higher Close when we hit the...
Trend has been reversed, and stock started a decline. I suspect decline from CAD$46 to CAD$42. Slow stochastics and RSI are overbought.
Weekly T.F: Rompimiento de linea de tendencia semanal la cual predominaba para entradas en corto y confirmo salida para posibildad de ruptura de tendencia y nueva tendencia alcista + 78,6% de fibonacci el cual nos confirma retroceso alcista lento. Daily T.F: Doble piso + emas alcistas con ema de 21 restando en zona de soporte 0.715 + 61,8% de fibonacci...
The oil price has fallen for a straight 10 consecutive trading days. A reversal structure has appeared as the price rebounded off from a 9-month supply zone, as well as the bottom of a 1-month falling channel. Saudi Arabia is also going to cut its oil production by half in order to prevent the oil price from depreciating further.