Eliarich

Eliarich

A bearish divergence setup is noticeable on the crude oil chart, first target 52.50$ if broken 51.50$. A close above 54.20$ will invalidate the scenario.

Eliarich

Looks like gold has completed a W 4 correction and is heading down to 1103$ W 5 target. a close above 1210$ would invalidate the scenario.

Eliarich

With all the Classical indicators pointing to a likely trend reversal, a sell is initiated with a stop at 32.50$, and a target of 29.35$, must watch that 30.70$ level.

Eliarich Updated 

Positive signs for the bulls come from the broken down trend line, the upside crossing of the EMA 50 above EMA 200, the RSI Bottoming at around 40% and the low volatility levels that usually precede a trend. On the other hand, Elliot wave suggest a complete ABC corrective count where A=C which is indicate that the down trend will resume, this scenario is supported...

Eliarich

With A 5 down wave count complete, the correction for the oil is underway with a missing (C) wave. The first target for that (C) is 61.40$, second is 68.20$. The major hurdle for that scenario is still the 51$ level that needs to be broken, the RSI seems supportive for that scenario as it is finding bottom at 44% level when prices move down. I would prefer to...

Eliarich Updated 

The EUR/USD pair has completed wave 4 in the current down swing, as it has reached 38.6% retracement of W1 - W3 and hit resistance level at around 1.0800. Based on that a short position could be initiated at these levels with a potential target of 1.0370 (W5=W1) and a stop of 1.0860

Eliarich

Looks like the accumulation phase is complete, the price has broken the channel to the upside. Adding to that is that Price Moved above 200 EMA for the first since April 2015. the Minimum target is now at 27$, with a hurdle at 23.50$ level.

Eliarich

It might seem as a gamble especially that the earnings are scheduled for tomorrow, but there are some convenient technical points to be taken into consideration: 1) Down Trendline broken: 2) EMA 50 Crossed above EMA 200 3) The Market Broke above a resistance now support at 43.50$, rallied a bit and now hovering around it; 4) Stop loss level around 43.40$,...

Eliarich

Oil seems confusing, is it a double top, or a flag constituting a pause in the trend?

Eliarich

The EUR/USD pair has broken lower boundary of the channel, and pulled back to it, which is a good selling signal that could yield a target of 1.0840, if broken next target is 1.0570

Eliarich

The Dow Jones as well as the SP 500, The Nasdaq 100 are doing the same formation seen on the Dow chart: Double top with the neckline at 17,455 broken (on the next day the Brexit referendum took place). The Market has now returned to the neckline at 17,455 level could it be a sell opportunity? taking into Consideration a minimum target of 16,800!!

Eliarich

The S&P 500 has Broken the head & shoulder Neckline,this could be a bearish sign that would the market as low as 1980. We still need a 2 days close below the neckline to confirm.

Eliarich

Looks like the oil is entering a new phase that could lead him to a new target of 50.80$, the 43.60$ level is the main hurdle (near market levels now). The most probable scenario after that would be that the market will range trade in a new range of 43.60$ - 50.80$.

Eliarich

The stock broke out of the down trend channel (chart attached), and the confirmation given by the EMA (50) crossing above EMA (200), the stocks looks ready to rally. Resistance levels are 4.50 (near current level), 5.20, 5.80. The current scenario will invalidate in case of a close below 3.74.

Eliarich

50 Days EMA crossed above 200 Days EMA for the first time since 2009, could this be the beginning of a new uptrend ??

Eliarich

AIG Looks like it has completed Wave 4, heading down to complete Wave 5 @ 47.72$

Eliarich

More strength is expected

Eliarich

Positive reversal in place