The market's bull run is set to end based on the indications for seeing on the S&P.
AMZN is one of those stocks that have been quite bullish and a correction is on the card at the 150 mark. The technical indicators are:
1) Daily chart is overbought
2) H4 is overbought and lot of divergence present
3) The upward trend line has been violated which has been...
There is a big pattern on H4 and Daily for this short. All of the timeframes are overbought with very good resistance at this level to sell. There is a lot of divergence and double tops so once the price goes to the high of 192 we are going to short it. Also this is part of S&P500 and according to our analysis we believe that it should fall for the next week so...
Buying YEN has been a risk for the past few months. In fact, it is the best time to go to Japan as the YEN is super weak.
Having said that, we have a good opportunity to sell AUDJPY now. The risk rewards makes sense and here are the reasons.
1) Daily Divergence is present
2) There is a harmonic pattern to sell at 98.50
3) Strong resistance
Stop loss would be...
The S&P has had an extraordinary run in November. It has moved up 400 points from the low and now looks to have consolidated and waiting to drop. Here are the reasons we want to sell this pair this week.
1) Daily RSI is overbought
2) H4 RSI is overbought and there is a double top
3) There is a Weekly pattern to sell which reacted previously and now there is a...
Stock have been bullish for the past 10 days and many folks are expect the bull rally to continue. We follow the charts and this is what it says:
1) NIKKEI is overbought on H4 and have created a double top with divergence.
2) There is a big pattern to sell which is being retested.
3) A smaller shark pattern has appeared
4) We will sell with the stop loss above...
Yesterday's trade on AUDUSD was perfect. If you had taken it, the pair would have given you almost 85 pips which is about 2.5% return. Well done!
AUDUSD is still in the uptrend. There is H4 MA support along with Daily uptrend.
There is also a shark pattern to buy. We are going long now hoping for about 40-50 pips.
0.6510 is a very strong resistance on the Weekly AUDUSD chart.
It is also the high of last week.
There is also a crab pattern here.
Finally lots of Divergence on different timeframes to make this a high probability trade.
There is a pattern on H4 and H1, There are multiple tops wit divergence, and the market sentiment for next weeks seems like it has to fall, this trade is with the daily trend so it should fall to the bottom.
The JPN225 is still in a downtrend as per the Daily Trend line.
This trend line is now providing resistance for this pair from rising.
There is also a pattern to sell this pair on a smaller timeframe.
The stop loss is above the previous high of 31450.
Target will be around 30500 which will be awesome risk to reward.
Most indexes are looking to be short right now, this Index is overbought and has multiple tops with divergence. There is no pattern on this trade, but this is with the trend so it should fall to the bottom and bounce back up. Stop loss is 50 pips and the aim is around 10.
We have been bearish on S&P and closed our short from 4370 at 4160. This gave us a massive 200 pips win.
Now we are seeing the market ready to move up but this will be a counter trend for a quick move to 4220.
Our stops are below 4120 and we will take money quickly.
Last week we missed the EURGBP sell as it was too early.
This week we are seeing a reversal pattern on H4 and a smaller pattern to sell.
1) There is H4 Divergence present
2) Last week's high is there
3) The pattern looks good for a sell
M15, M30, H1 and H4 are overbought
There is a previous days high and a long consolidation
There are multiple tops on this trade and there is a lot of divergence
Pattern on H4 which normally means this trade should fall.
M15, M30, and H1 are overbought, and there is a pattern for M15 to sell. This trade is with the H4 and Daily trend so it should go all the way to the bottom. There are many signs to sell this trade, and there is very good resistance at this level, stop loss above 100 should be good.
There are a number of reasons we are taking a short position on AUDNZD
1) The daily trend is still down.
2) H4 is completely overbought at RSI 78
3) Big divergence on H1 seen on the chart
4) Crab pattern present
5) Strong resistance between 1.08 - 1.0830
We expect 170 pip move to the bottom with a risk of 40 pips.
We have been bearish on S&P since April 2022.
The bearish outlook is even more evident now with a HUGE DOUBLE TOP in the 3 months chart. This is the first time we have analyzed this pair in the 3 month chart and the divergence is obvious.
What does this mean for the S&P?
1) It is very unlikely it can move above 4600 to 4800 in the near future
2) There is...