Besi bulls crossed the oversold RSI level and are ready for take-off!
AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance and we might...
We reached a current top for the cac 40, lower then the 2 before. Distribution top leading to a bearish retracement. Unfavorable markets context. What are your thoughts ?
Consolidation channel of previous bearish trend Broken rising channel Pullback Expecting next fall Warning this stock could be impacted in a positive or negative way by brexit
The Entry The break of $600 a key resistance point as a nice whole number and as the Fibs 0.61 point ADL has been gradually rising and RSI is nicely at a 53% Will look to enter 1 hour after London opens today The R/R so far looks like a 1:1.5 ratio The Situation With the close of Oct, money seems to be flowing back in the the markets Midterms are...
AEX is approaching our first resistance at 534.16 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance and we...
Key levels to look out for, please refer to our H4 chart for a strategic view!
Same pattern, most obvious in CAC. Prices should move to a=c, just above 0.618 retracement.
Possible double top Broken rising trend line Pullback Fall?
Engie is currently drawing a double top (T1 - T2) confirmed by the break of the neckline. The stock is currently doing a pullback on the neckline (classical behavior of double top pattern) before to go down again. Objective 1: 10,5€ Objective 2: 10€
Dear fellow contrarian, (8/11/2018) the following is my own interpretation of the situation as is and should not be considered investing advice. Indicators used are: -MACD - RSI - A combination of bollinger bands and Fibonacci (script can be found when googled like that) BOTHE, is oversold on every timeframe starting from the 4h (Daily also shows signs such as...
LVMH has been good to me in in 2018. So far I've had two correct calls and I hoping that this would continue the positive trend. The sector has been hot however valuations are quite elevated. Also, these are pure bull market stocks which has a wealth effect on both the upside and downside. On Oct 9 we saw a breakdown on high volume while the recent uptick has...
AEX is approaching our first resistance at 534.15 (horizontal overlap resistance, 61.8%, 100% Fibonacci extension , 50% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 512.94 (61.8% Fibonacci extension , 61.8% Fibonacci retracement ). Stochastic (21,5,3) is also approaching resistance and we...
Vinci is in a very clean double top (T - T1T2), the price has strongly broken the neckline (N) and is evolving in a descending channel delimited by R and S lines. The pullback over the neckline is observed. The probability of a bearish phase is very high. Objective is 72€
Pullback on neck line of head and shoulders top Pattern