During the recent selloff, Boeing on long term basis failed the 5-year uptrend by falling below 1st upper standard deviation from 5-year (260-week) mean @ 137, however held the test of 10-year uptrend by bouncing up from 1st upper standard deviation from 10-year (520-week) mean @ 121. On short term basis, the price managed to hold 1-year ascending channel...
This is a DAILY chart of Tesla. In this time of market turmoil, please be very careful... Would you own TSLA stock? I too would love to drive a Tesla. Given the opportunity, I would go out and drive one tomorrow. But would I buy the stock tomorrow? You might be surprised at the answer. Some things to ponder without answering the question at hand - **On...
GBPUSD is breaking above upper 1st standard deviation from weekly (120-hour) mean amid expanding volatility (measured by 3.2 standard deviation from the mean) Probability of further upmove is apparent. Traders can pick longs close to the upper 1st standard deviations (1.5690) and stops at weekly mean (1.5645)
GBPAUD has been consolidating for the past two weeks and has confined us to a wide range between 2.11-15. We can see the midrange structure acting as a key point of interest (shown with arrows). The multiple downside rejections and the descending channel indicate that we will see another push to test the highs of 2.148-2.15.
USDCAD is breaking out from 1st standard deviation from weekly (120-h) mean The mean has positive slope (as well as the 1st standard deviation) Volatility is not compressing (measured by 3.2 st deviation from weekly mean) USD can move up further on WTI OIL depreciation Traders can pick longs close to the 1st standard deviation (1.3120 and up) and stop at the...
USDJPY is trading above upper 1st standard deviation from weekly (120-h) mean amid expanding volatility (measured by 3.2 standard deviations from weekly mean), which indicates a clear uptrend probability. Traders can pick longs at pullbacks to upper 1st st deviation currently at 125.00 with stops at the weekly mean (124.70)
USDJPY has broken out from the 1st st deviation from weekly (120-hour) mean amid expanding volatility (measured by 3.2 st deviations from the mean). Uptrend probability arises if the price holds tests at pullbacks. Purely on technical basis, if price pulls back to the 1st standard deviation (at 124), traders can look for long positions with stop at the weekly...
Bitcoin has entered into an uptrend more than a month ago (June 16th 2015) and the trend held multiple tests since then, pulling back to the 1st standard deviation from quarterly (66-day) moving average. Trades willing to participate in current rally should look for to pick up long positions at pullbacks to the 1st standard deviation, with stops at the quarterly...
USDRUB is on the move again - price broke put above 1st standard deviation from quarterly (66-day) moving average on July 6th, signaling upwards probability. The move comes in line with WTI Oil, which entered a downtrend recently (see related idea). RUB is very correlated to oil prices, as Russia's key exports are oil and natural gas.
LOOKING FOR A BUYING OPPORTUNITY AT MY BUY ZONE WHICH IS IN CONFLUENCE WITH A FIB LEVEL AND A 3RD TOUCH OF THE TREND LINE. A BREAK OF THIS BUY ZONE WILL LEAD DOWN TO MY NEXT BUY ZONE. FUNDAMENTALLY THIS TRADE IS ONLY GOING IN ONE DIRECTION IN THE LONG TERM BECAUSE THE BOE (BANK OF ENGLAND) STATED THAT THEY ARE CLOSER TO RAISING RATES WHICH IS EXPECTED TO BE THE...
Week of 4th of June 2012 signals the dawn of uptrend with RSI making a new high at the level which will prove to play in important level. Week of 13th of August brought first correction of uptrend to about 0.764 from 17$. Week of 8th of April 2013 brought the next top of approx. 250$ before a 14 weeks correction to again cca. 0.764. Week of 25th of November...
The S&P500 stock index is likely to hold its lateral uptrend, which started back in the beginning of 2013, when the "Fiscal Cliff" debate between the White House and the US Congress was resolved in a positive way. The event also marked an "official" end of consequences of 2008-2009 financial meltdown, eventually sending key stock indices above their 2007 peaks. ...
TEXTBOOK SETUP. PULLBACK TO THE 38.2 FIB WHICH IS IN LINE WITH STRUCTURE LEVEL. AUD IS STILL FUNDAMENTALLY WEAK, THE CURRENCY NEEDS TO GO LOWER TO SPUR GROWTH SO PAIRING IT AGAINST THE POUND IS A HIGH PROBABILITY TRADE BECAUSE THE POUND IS THE 2ND STRONGEST CURRENCY AFTER THE DOLLAR. WE'VE HAD A TWEEZER BOTTOM AND SUPPORT FOLLOWED BY A HAMMER REJECTING OFF THIS...
This is a repost of a post i made last week, i just want to announce that its close to completion with RSI overbought so keep it on your radar the rest of the day and tomorrow. Its a trend continuation trade. so let´s get that reversal! Comments good or bad are very welcome Kind regards Thomas Jeff
PRICE MAKING HIGHER HIGHS AND HIGHER LOWS INDICATING THIS UPTREND IS WELL INTACT. TRENDLINE IS ACTING AS A GOOD SUPPORT SO IF WE GET A PULLBACK INTO THE TRENDLINE/189.000 THEN THAT WILL BE A GOOD LEVEL TO GO LONG. IF PRICE BREAKS RESISTANCE THEN THAT WILL ALSO BE A GOOD CHANCE TO GET LONG/ADD POSITION
Here on the Japanese index we got a Bat pattern setting up where we are going to buy it up from previous support / structure level, but we still needs to wait for it to come down a bit more and the RSI come more close to the 20ish oversold condition, but its not a must for taking the trade. Comments good or bad are welcome Kind regards Thomas Jeff
Although looking a bit choppy, the bigger picture on Gold still shows an uptrend with higher highs and higher lows. Price has touched the floor at ~1180 and rejected the trend line for a third time giving a bullish engulfing and doji bar yesterday, together with rejecting the 0.786 Fibonacci level and closing above it. Stochastic and RSI are in convergence and are...
USDJPY remains clearly bullish on Weekly chart. On the Daily chart we see price turning higher again after a correction pattern in wave 4.