Alpine pushed down to the 2.7 level to complete its 5th bearish wave (see earlier posts). This marked a good entry position, is ALPP now transitioning to a new up trend? If price close above the previous pullback that marks a new trend
You might have seen in the news that Nike has dropped by as much as -4% after they, along with H&M, came under fire following accusations of forced Labour in Xinjiang resulting in a brand boycott in China.
This got me thinking about something i read somewhere. Is the stock market truly a 'Random walk' or is there some level of legitimate predictability?
Still learning to analyse stocks so i would love to read your thoughts but I believe a symmetrical triangle is forming on the UK 100 index.
I will wait for price to drop back to 29.110 before buying this ETF for the best possible entry with expected return of around 13% or if price closes to signal breakout to the upside (although I don't expect this to happen...
All the indicators seem to suggest so but Ive heard talk that Biden won't let the stock market crash this early into his administration. However, the market remained somewhat negative after Fed chair Powells' testimony, while the US bond market remain fairly strong suggesting stable interest rates. Does the worry come from if low interest rates are only...
I think there's a descending triangle forming on the USDCAD which coincides with the head and shoulders pattern in my analysis on the DXY. This would indicate trend continuation to the downside on higher timeframes.
The pair has retested support at the 1.263 level several times forming the flat bottom, while also showing lower lows creating the hypotenuse of the...
Looks to me as though there is a nice head and shoulders forming on the daily charts. This would look to push the dollar to at least the 89.55 level in the next weeks or so.
This is interesting as its been forecasted that in the next few months the dollar will be performing at a much stronger 96.0 level in the next few months
(see: tradingeconomics.com). Could...
Was looking to sell the EURUSD earlier last week but was stopped out as the pair moved to trigger my stop loss before pushing down without me.
I am expecting the EURUSD to push down to a new Lower low on the daily chart so there should be lots of opportunities here- see my previous analysis.
looks like a head and shoulders pattern is forming on the 30 min and 1...
This is an update on the EURUSD which has broken the previous bullish trend line.
Highlighted in the purple rectangle is what I believe to be a head and shoulders pattern. I expect this pattern to push down to at least the 1.186 level. This is a major level of support that has been retested multiple times. This push to the downside is what is forming the falling...
The GU is currently in a strong down trend.
Over the past week or so the pair has been through a period of consolidation. Consistently testing support at 0.72741 level forming this horizontal support line. While continuing to form lower highers. Forming a descending triangle.
Descending triangles are bearish trend continuation pattern. I expect we will see a...
Just idea for the next few weeks.
The DXY has been ranging from the 90.9 and 90.0 levels, consistently testing these range highs and lows as identified on the chart.
The DXY currently sits at mid range. Is it going to push down to retest the support level allowing the RSI to reach 30% oversold, before rejecting and bouncing back to break the current down trend...
So i was doing some reading and came across a pattern called a rectangle top and as i was reading i thought and seen it somewhere.
Price trend Upward leading to the chart pattern.
Shape Prices have flat tops and flat bottoms, crossing the pattern from side to side following two parallel trendlines.
Trendlines Two near...
I missed out on a good shorting opportunity today. But other opportunities will arise. come out at a loss today so i clearly have much to learn.
Here is how i think the coming weeks will play out.
I think the pair will continue to fall to retest the level of support along the overall bull trend around the 1.203 level. Before bouncing back to form a higher high...
- Bearish on weekly, daily and 4hr
- Bullish on 1hr
- potential Doji on the 4hr
Possible head and shoulders forming. wait for price to reach the 'termination zone'.
Price cannot touch the top of the 'T zone'. this would suggest a bull trend.
Once this rule has been met wait for an entry signal, Bearish candle stick.
Would love to...