Nice long set up for rest of year, wit RSX Russian ETF. Showing on chart is a bullish pinbar three candlestick pattern, which completed this last week. 1st resistance target is $22.00, which not be hard to hit this year
As noted on chart, will be shorting until $28.00 (yes, price action will fill noted gap). This is .382 fib ret level on chart. See chart for more details.
Midweek, 1st week of July-- consider long, but at this time consolidation will be going on this 4th of July weekend.
Daily XAUUSD, shows an ABC bearish correction, after an Elliot Impulse Wave (12345) up. Bearish outlook down to a 1,200.00 goal, after PA is under $1,240.
In my option, CHK is a short term bullish trading at this time. Most experts, say $5-$6 is were this stock should be soon. Will be buying dips at this time. Nice yellow triangle covering daily prices on chart. Article on finviz.com, saying this company could be M & A (merger and acquisition) target. Keep watching.
Would like to pass on some knowledge of one of the THREE best candlestick reversals, you should be looking at (Harami, Engulfing and Pinbar). Also, when you trade ALWAYS look for at least a risk/reward of 1:3, sometimes might get 1:2 or higher like this set up of 1:5 (I am hoping for within a short period of time).
Please look on FINVIZ. com (a free stock screening website) Only GREEN sector is Basic materials- independent oil & gas. In my opinion, this sector has all bottomed out and now will be BULLISH for rest of 2017. This is place to buy stocks, or do call options at this time. EOG weekly, has just completed a cup/handle pattern and I expect it to go to $100 a...
Last week of June 2016 of last year...guess what happened? Yes, a 500.00 point humongous candlestick. Might happen today...you have been alerted.
Update on a previous CLF bullish cypher pattern call to get in on a long play. It appears now, that price action will drop again down to support ($6.30), then turn bullish later on this week. Do not fight the charts and buy pull backs, especially in a bullish trends. Price action is number one and money management.
In my option, price action might fill in GAP noted (or go down to at least $920.00 a share) on chart before and around next earnings report on 7/27/2017. Noted, cloud indicator lower edge will be major support. This stock like a lot of tech ones are now overbought and will sell off for next few months.
Rest of today, Sunday will be trading with bears. See chart 4 details. Stay happy/healthy!!
See XAUUSD chart? My guess is might be a double top and go bearish rest of year.....like USOIL, DOWI, SPY, TECH, tech.....Wait and see..
My RVI shows a "M pattern" on bottom, which is bearish on monthly XAUUSD, with price action not moving much during March, April, May & June this month. Only thing on monthly chart which is still below price action is BB indicator 20 ma (if this blue line goes above price action)- I think gold will drop a lot next few months. Also, cloud indicator shows price...
Last weekend, made a cypher pattern, I expect same sort of pattern this weekend, just small and more consolidated.Just my 50% guess, but not trading.
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Please look at chart, 2015 overbought at $110.00 dropped to $60.00 consolidation phase, then 2016 went back up to $110.00 now. If you think that price action has made a double top (look left on chart), then start selling PUT options down to $60.00. If you wait for confirmation and conservative, then both the BB indicator 20 ma (blue line) close on or below would...