Awkward area, would be nice to see a descending scallop retest.. Play the uncertainty!
Spotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out. Personally I use Spotify myself..
The chances of a Brexit deal took a nosedive, since reports circulated in the media that DUP could dodge the deal in UK parliament. There has considerable longs in the counter and hence, we expect traders to trim their position. Technically, the counter has broken down a critical level of 1.27271 and so, it could move to the next support level of 1.25381.
Update: A few more lines added in to show direction Down to 190 Billion then... Up to 212 Billion... Most likely a dump to follow, if we break up from 212 then we may be seeing a reversal on the market. Hard to speculate where we will go from here. I still seeing the details laid out in my last update panning out, refer to my last post for relevant data.
The month of August was very hard to forecast, track and therewith reliable trade as price raced back and forth in a 120p range on the S&P500. Life would be very easy if we'd known beforehand this would happen. But how could one know!? After several back-and-forth races the triangle option became more and more likely and today's price action combined with Friday's...
The S&P500 (and all other major US indices) experienced some (nice?!) whipsaws last week: Neither the bulls nor bears won. Whatever the future may exactly hold, the recent price action is very confusing and still, believe it or not, range bound. I've seen more ways to Elliott wave count the price action over the last two weeks, which in the end IMHO means it is...
Continued Euro weakness and uncertainly may strengthen the Yen. Technical trendline break is a possibility if the pair close below for the week. Considering cloud analysis, its still very much bearish but it is at a level of support which may stall the move down. Will have to wait for price action to indicate otherwise to proceed with long sell of the pair. If...
If BTC meets the red Fib Circle, we are facing a down move to 8800, I expect to see major volatility next to the red circle, Watch out.
Price Action (Technical Analysis): (4H Time Frame) Following up our Mark Up phase completing at a key level of resistance, price is consolidating, as price is not breaking higher highs after 3 Impulsive Waves. We tend to anticipate a Seller momentum breakout as price is accumulating right above our Golden Fibonacci Level giving us more reason to anticipate a...
VXXB fitting very nicely into a possible reversal. S&P 500 will correct in the near future, the question is when. With the sentiment in the market, not sure how it can pass its all time highs which are approaching within the next couple days. Added to my long around 28, if 28 breaks our last line of defense is 26.
... (Entertainment Only)
We can see some disrespect for the upper bound KC here, but I am honestly unsure of how the next 24 hours will play out. In the end, I believe strongly we are going to touch 3500. On a personal note, it feels fantastic to have March made right in the beginning. I am definitely feeling a little light headed and I will probably be takin' a vacation to cool my jets...
I'm saying, that GBPJPY is in trouble - having pumped north like nobody's business. The technical picture on the weekly is troubled. That means there is opportunity for all traders (long or short) on lower time frames. I'll say no more here. Have a look. And - if you think differently, give to the community your reasoned assessment. It is in giving that we...
EURUSD Outlook Technicals: - Stochastics moving into Oversold conditions - Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline - On a longer perspective, a...
EURAUD is a pair that from my experience has many surprises. This is just based on long experience of understanding the 'personality' of this pair. I also know that there is a probable move south on stockmarkets which the Aussie tends to follow. The EURO took a beating last week, so punters are likely to try for a 'good deal'. So if both happen, EURAUD has some...
- Bearish divergence on the H4 using stochastics - Price seems to be rejecting the major daily resistance level of 114.33 and started to consolidate on the H1 before breaking out this zone to the downside - Could see price heading towards 113.00 as it fulfils the fibonacci 38.2 level on the D1 as a well due retracement after consecutive bullish moves
Chilean Stocks. Pure Technical Projection. Uncertainty, could break for any of both sides, but look more like a bearish situation. EMAs 144 and 233 are reacting as resistances. Could stay on sideways for some time.
PVT is negative and hence the direction of the stock (ascending) may be uncertain and might reverse. Watch closely for an ascending or descending trend before investing!