A play on EUR weakness into the coming French elections expecting Resistance area to hold.
PLACED SELL LIMIT ORDER @0.75337 PREDICTING TRENDLINE RETEST AND FELL DUE TO THE WEAKNESS IN AUD AFTER RBA INTEREST RATES REMAINING THE SAME WHICH LED TO BEARS TAKING OVER. LOOKING TO TAKE PROFIT @WEEKLY SUPPORT .
WHEN YOU SEE THE STRONG ENGULFMENT, WAIT FOR A CONTINUATION WITH JUST ABOUT THE SAME STRENGTH. I AM STILL SHORTING THE DOLLAR, JUST WAITING FOR THE PERFECT TIME.
After several consecutive days of falls after the break of the support, signs of weakening in the fall are beginning to appear.
After a few days of maintaining a rapid rise in price, you begin to see small bulls and a first red candle, these are signs of pause or even weakening in the trend.
This one is simple. If the price breaks above 1.07087 and finishes the day (NYClose; 4pm) there, then this will be a confirmed breakout, which will result in further upside. I'm looking for a breakout to 1.09244, or a retracement to 1.05718 based on fibs. Trade Safe. AW
Gold showing signs of rejection from supply level, shorted as further dollar strenght is in sight.
Gold attempts of restarts. After the breakout area of 1,300$ -1310$, this commodity tries to reconstruct a new start up. We provide these indications the price movements, indicating a weak reconstruction of long positions in the area 1,250$ -1,270$. The exponential moving averages converge in this area, providing a second but important signs of this...
Obvious weakness,as the price fails to advance above the 0.382 level. Obvious lower lows and downtrend. Close long positions and sell.
The Dow Jones Industrial has fallen -394 points today. Fundamentalist say it's FOMC Member Rosengren, CNBC says "Nothings wrong, look away." and the charts tell a different story. My Analysis: Clear Head & Shoulder (or Double Top) pattern. Accelerated break through 50 Moving Average down to a proving upward sloping trend line. Based on price we should bounce...
Nifty ,made a bullish bat harmonic pattern on 15 minutes time frame charts . whereas on daily charts it made a sandwich candlestick pattern indicating pain in Nifty . though 8850 is a crucial support . THose who are long should square off their positions . Short seller to hold the position in order to make ample profits.
I'm not convinced by this bull run. I think stocks are overvalued overall and the fundamentals are weak. I believe this month and/or next month will be a very bearish one. Honestly I expect to see a full crash sometime very soon. But I won't call the top without sufficient evidence.
There's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW. You should hedge properly, VIX will be back soon. *Election year is Biotech Year*
I am tracking NZDUSD, because of clear 5 waves down (bearish signal) from highs and 3 waves up (correction) to arround 61,8% and previous wave 4!