The chart every trader winces at, and you can see why. It's *horrifying*. Looking at the chart we can see that a clear 5-count impulse Elliot wave has played out, and we now appear to be in the first leg of corrective wave. Money flow indicator (CMF) is signaling sell, RSI is crashing after bearish divergence from the run up to $100, Stoch RSI is nosediving. There ...
Top side resistance breakout on the weekly RSI. Look for a breakout of the green line for a sure entry point.
Volume should confirm moves.
Trade at your own risk. Have a trading plan with a predetermined stop loss
Looking for topside resistance breakout on the weekly RSI.
MACD should be performing a zero line crossing during this time.
GMMA looks rather bullish with trader and investor MAs compressing on one another.
Consider entry around the orange price action resistance line drawn.
Determine you stop loss before entering the trade
Chart says it all.
The daily chart shows sellers at $59.58 with a good number of buyers stepping in at the same time.
GMMA lines are bullish on the daily as well as the weekly for a breakout.
Monthly RSI is nearing a breakout setup
Breakout is not a sure thing on this one. If you enter the trade manage it with a proper stop loss. I think I would initially ...
EURUSD > Weekly / Longterm
Pair is trading in an uptrend beginning from support @ 1.16700 with a target @ 1.1910 to 1.2037/80
Break above could see 1.2100 and higher.
Indication that break and hold below 1.16700 will begin downtrend toward 1.15650 target.
Average range for remainder of month appears within 1.1670 to 1.2080 range w/anticipated end of month ...
USDCHF will remain bearish as .9800 resistance pushed back the trend. we can start selling at 0.97550 and target .94200.
Note careful for Fed Chair Yellen Speaks at 9am today.
A little different setup than I am use to, But I thought it was worth publishing.
We will reflect on this in a few weeks, stay tuned.
As a side note analyst have very high price targets on this equity. Ranging from $65 to $100
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