W1 - Double cycle down, false breaks with bullish divergence.
D1 - Inverted head and shoulders pattern, price broke above the neckline, bullish divergence.
Any pullback is an opportunity to look for buys with more bullish evidences.
Cocoa Long - Risk Reward 2:20
Cocoa is trading below the long term weekly trend, with strong selling pressure forcing it below the expected RSI and BBands for its current bull cycle.
Trade with tight stop on bottom of cyclical trend reversal.
Entry price range: 1.9 - 2.0
Exit price range: 2.26 - 2.35
Corn and natural gas show an interesting relationship, Corn has winter Lows with spring Highs with some swings between but roughly correlate to a yearly cycle.
Natural Gas is at all time lows, with price levels at pre 1995 prices at points in the recent past. Meanwhile the quantity and quality of dollars has risen. gas also follows a rough cycle of summer lows...
I'm expecting Ferrari stock to enter (longterm?) downtrend on friday the 15th. The marketprice might be overstated for the quarter earnings. It has already entered a short downtrend. After that it stabilizes a little bit. The stabilizing support line is stagnating while the longterm resistant line is falling. The lines will cross on 16th of aug. Thats weekend. So...
Our Proprietary Trading System indicates the following:
The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bullish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bullish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by...
Dopo il mancato accordo con RNO per colpa del governo Francese FCA si e'ripresa da sola arrivando alla R1 1.62. La domanda e' fino a quanto ? Fca e'scesa ora fino al supporto 1.50 con Rsi ora in iper - venduto e ora pronta a una discesa. Siamo quindi Long fino a Luglio con stop sotto 1.43. Grazie
Bayer is a descending Triangle Chart Pattern
Strong support level has been re-tested several times
Continually lower highs puts pressure on this support level
Best patterns have dropping volume and volatility/ATR
Fewer traders are interested in this consolidatation
At some point expect an explosive breakout
Wait for a close below the support level
From a bullish trend, the chart shows a lateral trend at the moment, between 69 and 73 EUR.
The chart shows also two patterns (high-wave and spinning top): the latter is much similar to a hybrid high-wave, the shadows are large however the lower shadow isn't so wide; indeed, the first one reveals uncertainty (a balance of the bulls and of the bears)...