iShares MSCI Emerging Markets Index Fund vs S&P500 ETF, waiting for a breakout.... (or breakdown?)
40-week MA slowly starting to slope upwards RSI nicely floating above 40
- Bullish engulfing pattern (outside day) - Bullish divergence (RSI) - Bouncing on 200DMA - Gap should provide additional support
- Steep downtrend since mid October. - Near the low of its longer term uptrend range. - Bouncing off 200MA. - RSI stabilizing.
EURUSD weekly chart Can the support hold (blue dotted line ~1.2045 area) and price resolves higher, breaking out of the channel... or The support breaks and we head much lower?
Fibonacci still a resistance and MACD even closer to a bearish cross... Interesting week ahead !!
A measured move targets $69
Alaska Air is currently trading at the top of its downtrend channel, a bearish engulfing pattern is currently forming (although we'll need to wait for the close to confirm) and the RSI has already turned down from a high level....
needs to break that downtrend line tho
Friday was an interesting day, in terms of confluence, for anyone who looked at $DIS. The price rose back to fill that $3 gap left open since early August. Friday's high stopped at the 200MA + 61.8 Fibo retracement (Oct'16 low - Apr'17 high). High volume during the whole week, bearish candle on Friday, RSI slightly overbought.
sometimes, looking at only the price action and removing all "distractions" helps...
Pullback after hitting Fibo's 261.8 from Mar-Apr retracement CYOU's bull flag target = Fibo's 423.6 ...Coincidence?