CSCO has been struggling with a weaker short-term bottom formation that has gapped several times to form Island Gaps. CSCO recently failed to break to the upside against weak to moderate resistance above the current price. The reason is that the giant Buy Side Institutions are not quietly accumulating CSCO at this time.
The Indians are looking weak on this 3D time frame.
The theory of curves says (at the moment) that price is losing steam for the north. South is the greater probability estimate. Note: this leaves a residual probability for the north.
Disclaimer: Lose your money and sue yourself!
In this screencast I explore the importance of the 4H ATR trend line in association with SqM switches. This is about taking early notice of areas where stuff may happen.
The future hasn't been written as yet, and I don't do predictions. What I see is the chance of a 4H trend weakening, based on the historical a patterns of the DJI.
If the 4H ATR flattens...
Following the USD strength heading into last Friday and the pull back - I am expecting USD to potentially stay strong for the next day or two until the FOMC on Wednesday and the USD to weaken considerably. (after some stop hunting.)
I am looking to go long at this level - which is a 61.8% retrace of the current leg higher.
EURUSD is cycling higher...
Following the weakening USD on Friday due to NFP along with Hawkish Fed members giving dovish views on interest rate cuts, the USD is potentially going to weaken considerably.
I am looking to enter a second entry into GBPUSD Long following Friday's Price action.
Please see related idea below.
I am looking for a new high to be made as per the Long...
Found a weakening trend setup that will break to the downside when it reaches 61.80!
SL will be a little above 78.6
TP will be at the next major support!
Good luck my friends! Happy trading!