Price is currently testing the multiple tested S/R SD trend line. - Now if price breaches below this level we can see further downside momentum to potential target 1.11750. We may encounter a break below retest then bearish confirmation. - If price breaks below the lower channel line with demonstration of bearish momentum and PA then we will be going short to...
For the first time in 6 years, the 50MA has crossed under the 100MA.
As I've said before. Volume divergence is the mark of a weak market movement. Smart money is not buying right now. The peaks of volume have coincided with selling from levels like the one we're currently at, so we should see more of that to come. The price in the last rally and today has gone up on the lowest level of volume we've seen in months. Down it goes
TRADE TYPE: SWING With AUDUSD holding a very weak bias over the long term, on a higher time frame swing we would like to respect that bias and look for adequate short entries. The market reversed at the lows at around .68500 after breaking out of the ascending wedge pattern, below the trend line and made a significant run to the upside. This brought a lot of...
Easy to try and call bottom on a stock that looks as cheap as $JCP but the fact is they are still losing money and the downtrend is in tact. Look for a stronger retail player.
Another penny stock, today has been a very uneventful day in my Forex portfolio as you can tell. Here i have found a butterfly pattern in the american eagle energy corp. The pattern is a little weak, meaning it isn't a perfect pattern, so the results may very. I have placed my entry at the lowest low of the pattern , my stop at previous structure resistance...