Irrational Exuberance! Bad news is good, good news is gooder!
The gaps tell all. Measured move from the runaway gap ought to end up around 388 +/- 2 pips.
There must be and certainly will be a pullback from a last exhaustion gap, may gap up sometime 1-3 Nov.
Fed minutes on 3 Nov may be catalyst for pullback. Likely pivots shown, 1/3 speedline most likely, given...
The Dow Jones Index is currently creating a bullish flag price action formation. This is indicating that bullish momentum will enter the market before and after a slight pullback. We should continue to see the index break 35000 again as well as push toward the 35200 price range before the end of the week.
You see the weekly analysis.
Do you think the chart is shaping the head and shoulders pattern that starts after a slight correction of the long-term uptrend?
Please pay attention to the shape arrows. First we have a correction trend, then the preparations for the uptrend begin.
Be sure to comment on what you think.
Hello everyone, as we all know the market action discounts everything :)
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The USDJPY pair started this session with a Bullish move driving the price back to 110.08 from 109.74, The Bulls now are eyeing every move of the market waiting for the...
Posting from my phone today so not marking chart heavily. Not much has changed uptrend is still intact.
Now people will want ‘experts’ to tell them, when is it overextended?
I would say short of making new all time highs it is definitely not overextended. There are plenty of places where people might bail/take profits on the way up resulting in corrective...
Band Protocol is showing several bullish continuation signs after breaking out of that triangle and the descending TL.
We expect 50MA and 200MA to be retested before bouncing higher, let's not miss next dip!
Current Price= 5.8682
Buy Entry = 5.8161 - 5.6661
Take Profit= 6.1170 | 6.3439 | 6.7494
Stop Loss= 5.4393
Risk/Reward= 1:1.25 | 1:2 | 1:3.34
ACC is currently challenging 2019 highs. July 20th 2021 printed a bullish engulfing candle and now volume is kicking in.
* Earnings per share is expected to increase over the coming year.
* Making new 52 week highs
* Increasing volume coming in near resistance.
* Look for a weekly close above $50.94 before entering
* A rejection from $50.94...
Recently INVH had an explosive break out from the $38 resistance. With tonnes of volume following even after the break.
Now that volume is slowing down, it seems like INVH is in consolidation mode again.
Will it give another leg higher? No one can be sure; but judging from the technical performance $39.50 seems to be support.
* Volume is relatively...
AMD is looking to end its year long consolidation and look to new horizons.
* Looking at the weekly or even monthly time frames you can see it's in a clear up trend
* It'll have to brake and close above $94.28 before it can attempt to break through its all-time-highs.
* Very high trading volume likely to push the price higher from here.
Looking at the weekly or even monthly charts you can see that the company is consistently doing really well.
Give or take, WMS has been consolidating since the beginning of this year and is now positioning itself for a breakout.
The breakout from $113.81 was one with a lot of buying pressure and shows demand for this company.
However, I do think that WMS may...