Although there will be a counter move somewhere/some time against this recent push up, I'm more willing to be a buyer on weakness into the GREEN zone shown -- just as long as price doesn't cross over 7650/7700 beforehand. Should that happen, then retrace entries get tricky for me.
Overall, I still expect price to move up to First Target (7650), Second Target...
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From a PA standpoint EUR/USD is looking bullish. Took our trendline yesterday along with 200-MA and OTE of previous leg-up while retesting our bullish OB.
Referring to the picture in the comments section; A pretty clean mirror.
As a target I'd make use of 1.137 as overall OTE and...
Due to work on our webshop and app we've been busy for the last two weeks.
Let's dive into it. USD/JPY got a strong weekly close along with several decent daily closes above 111.892.
While taking out our 5th March high I'd make use of 112.929 as target. Upper-half of our bearish OB + 1.05 Fib-extension of bearish OB giving confluence here.
Stop-Loss below EQ...
As we can see, this pair is in a downtrend after forming a head and shoulders pattern, breaking that ascending trend line. We can also see a descending wedge, indicating a potential bullish outbreak. Price made a morning star candlestick reversal pattern at an area of demand. We could see a breakout to the upside, a rejection from the .618 + area of supply, and a...
Look at these trend lines.
The stock value of the apple has grown exponentially within a certain trend.
Looking at these trends, we can say that currently buying apple stocks has a moderate risk.
In order to reduce the risk, it is better to wait between 150 and 180 for the purchase levels.
US30 is always an interesting chart for me to analyse.
we have a ABC directional trend in the red arrows showing us that we could see price reaching a monthly high.
my main focus right now is seeing if price respects the down diagonal parallel channel, if this is the case then we can enter short term buys & Sells from a intraday perspective.
with the sentiment...
Good Afternoon everyone,
I've been using a couple of indicators for a while now and I decided that from the graph here that if Walmart Breaks out towards the top it seems like it will run to the top and test new areas.(monday)
Of course TA isnt the only thing that affects the stock, news to horoscopes can affect the market. Remember to just do your own research...
Dear Traders all around the world!
Today we're taking a look at the US30 Wall Street Index. Parallel you can use this analysis as confluence for a SPX Short. If you like my work make sure to hit that like & follow button!
Price is currently approaching EQ of our bearish breaker along with daily-RSI approaching trendline-resistance too. Volume is decreasing...
After reaching the targets ADA needs a cool off and retracement.
It can reach the
Targets but i expect a nice and deep retrace after hitting the targets.
The overall market is bearish so soon or late we will see ADA downfall.
A you can see in this long term monthly log chart its probably time to go and visit the bottom part of the arc again before we have room for more upside. Remember that charts are an interpretation of wha'ts going on in the markets/economy and bullish and growth cycles are that... cycles they can't go on for ever.
If you're a momentum trading loving moving averages, US indexes, particularly the SPX500 is for you. If you're more an oscillator guy, then its understandable how frustrated you may be lately. That said, we could be looking at former resistance as support, but we havn't yet touched previous resistance for this to be the case yet. Although, we are staying above it...
Technical Analysis and Outlook
The SPX index after completion of inner Index Rally 2840 is establishing minor Key Res 2833, while meantime is very likely to decline to our initial Mean Sup 2814. The significant additional support is found at Mean Sup 2744, and Key Sup at 2706. On the upside, there is an open path to the next Inner Index Rally 2880. (For latest...