AdamHong

AdamHong

There is a new strike against General Motors after 12 years because GM dumped health care for striking workers. There is a passive prospect for GM because much too powerful UNION is bad for manufacturers, especially for GM. From the monthly chart, we can see there is a contracting triangle, which may be a reverse pattern or a continuous form. If the price breaks...

AdamHong

The WORKIVE had a steep drop because of the trade war, but it began to rally at the a demand zone. The good demand zone worked at 41.2-43.2 in the weekly chart. So buy at this zone. SL: below 41 TP: 55 It will be very cost-effective trade because the risk/reward radio is more than 4.0. Is there any better than this?

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USOIL has declined rapidly for nearly two months. Where will the OIL go next? Let's analyze the possible case. Case 1: the 0.618RET The 0.618RET is at 51.6 which the demand zone locate as well. Case 2: the double bottoms and potential bearish Gartley pattern The market breaks down the 51.6 but rallies nearly at 42.3, then double bottom will form. If the price...

AdamHong Updated 

From the weekly chart, it is clear to see that the USOIL is moving in a shrinking triangle. Next, the price needs to choose the true direction, upward or downward, after the breakout of triangle. Option 1: If the price breaks down the lower line of the triangle, the target is about 47.0, which is a good demand zone and the complete point of the bullish Gartley...

AdamHong

From the close of the monthly candle, it is obvious to see that the market is as strong as imaginable because of the trade war and other events. Meanwhile, a critical resistance is near 1580, which is a good supply zone and the neckline of previous double top. The price would move slowly near the resistance, where a bearish candle appeared in weekly chart. If the...

AdamHong

GBPJPY has sunk for nearly 4 years. Now a double bottom pattern is forming in the monthly chart, which may make the price cease drop and move upward. Meanwhile, a good demand zone, 124.8-126.9, formed 3 years ago, will work as well. So it is good to buy at this zone when bullish signals appear. Entry: 124.8-128 SL: below 124 TP1: 154.9 TP2:...

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Bitcoin has rocketed for two months and the market is becoming hotter and hotter. Will Bitcoin still rise as last month? I have on opinion, but there is a good supply zone above the current price. 8582-9948 is a critical zone, which is near 10000. So it is not good to buy here but to sell. Entry: 8582-9948 SL: 10000 TP1: 5000 TP2: 4000 The stop loss is needed...

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Currently, the DXY hit a good demand zone, so it is going to drop in the future. What should we do next? Sell the DXY and buy GOLD. Enter: 94.5 SL: above 97.78 TP1: 96.66 TP2: 96.21

AdamHong Updated 

The price has rose for more than two months. Now it hit a good sell zone. A good Supply zone is at 0.925-0.941 level and a pinbar appeared in weekly time-frame. So sell at 0.925-0.941 SL: above 0.952 TP1: 0.888 TP2: 0.870 TP3: 0.833 and further more Patience is important for traders.

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XIAOMI has a deep drop recently, but it maybe give us a chance to buy. A bullish Bat pattern is forming. The PRC is at 9.8 where a good demand zone locates. So it is good to buy at 9.6-9.9 levels. Entry: 9.6-9.9 SL: below 9.4 TP1: 10.7 TP2: 11.9 TP3: 13.5 and further more

AdamHong Updated 

SPX500 has declined from 2958 which maybe a short-term high because of the trade war escalation with China in the beginning of May. But will it still drop in the future and where is the end in short term? I don't think so. Below the current price, there is a good demand zone which may stop the drop. Meanwhile, the 0.382RET locates at 2712 level which is in that ...

AdamHong Updated 

The pound declined more than 600 pips in only 3 weeks because of the Brexit crisis. However, a bullish bat pattern completed recently, which may give a chance to buy. So it is good to buy at 1.247-1.260. SL: below 1.240 TP1: 1.286 TP2: 1.304 TP3: 1.321 If positions is opened, traders must be careful because the Brexit is still in crisis.

AdamHong Updated 

XPT has declined for several weeks. Will it still drop in the future? No, I don't think so. The price moves close to previous low. Now it is time to buy because the demand zone locates at 760-780 usd. SL: below 750 TP: 865 Traders must wait for the reverse signals in the PRZ if positions is opened.

AdamHong Updated 

The USDCAD has rosen slowly step by step for three months as the DXY moves upward. A bearish BAT pattern is forming at 1.359 level. Meanwhile a good supply zone is at 1.357-1.366 levels. So it is good to sell at the PRZ when bearish signals appears. Entry: 1.357-1.366 SL: above 1.366 TP1: 1.338 TP2: 1.327 TP3: 1.312 and further more

AdamHong Updated 

The wheat is like the corn because they are all agriculture products. A good supply zone is above the current price. So sell at the zone if the zone is not broken out. SL: 5.25 TP: 4.65 If the zone zone is breached, buy at the pull back. TP: 5.60

AdamHong Updated 

UBER is bucking between 35-45 after it IPO. From the chart, a good demand zone is at 37.25-38.15. So it is good to buy at there. SL: below 36 TP: 42.4 and further more. If the demand zone is broken out, a bullish bat pattern will complete at 36.5.

AdamHong Updated 

TSLA has dove for 3 months because of vast reasons. Now, a crucial support will work. The good demand zone is at 185 levels. Meanwhile a bullish Gartley pattern has completed at this zone as well. So it is good to buy at this PRZ when signals appear in low time-frame. Entry: 185 SL: below 185 TP1: 268 TP2: 305 and further more. The Tsla new plant in Shanghai has...

AdamHong Updated 

DXY has shaken up for nearly 4 months, but will it move further? There is a good supply zone above the current price. Meanwhile, the current price pattern resembles the historic price pattern, Nov-Dec 2018, where the price dropped after the pattern. Will the history repeat itself? Let's wait and see. It is not good to buy any more, though the upward trend-line is...