LookIntoTrade

LookIntoTrade

This is weekly chart of oil. The price is testing an old support (dating to 2009). If the support holds, we may expect a significant increase of price that may also lift the stock market. If not, further sell-off is likely.

LookIntoTrade

Looks like a bullish flag in TRGP.

LookIntoTrade

It looks like a bullish pennant in EURNZD. It is still not confirmed though (i.e. the price must close above the upper trendline), but something to watch. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

A nice bullish breakout in POR detected by my software. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

Bitcoin has still a chance to form a bullish flag but now it is dipping. So it does not make me bullish yet. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

In my previous post: I mentioned a potential formation of head&shoulders. This seems to be happening now even though ideally we should wait until the day close in order to confirm the set-up. So it makes me bearish on the pair :) Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

Head & shoulders might be forming now (but still unconfirmed: must close below the neckline). Some other bearish indications we can see in the chart ("old" resistance, engulfing bearish pattern etc). I would not buy now. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

There are plenty of chart patterns in BTCUSD. This shows us the beauty of technical analysis. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

My trading software has detected a double bottom in CEVA. The price is currently under the breakout line, but I suspect it will move north soon (it happens often in this pattern that the price dips - actually the stock is a bit cheaper now). Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

My trading software detected a large double bottom in PSX (according to statistics, larger patterns result in higher performance). The price is still above the breakout line. Visit my site lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

My trading software had detected a bullish engulfing pattern in BXP. Besides, the price has jumped from support so there is a possibility it will move further, perhaps even breach resistance above. Visit lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

My trading software has detected a possible bullish pennant in LAD. Besides, the price is testing support with a "long history" (the blue horizontal line). There is a high chance that the price will continue north. Consider buying with a stop-loss below the horizontal support line. Visit lookintotrade.com for: - free articles! - trading software - trading ideas

LookIntoTrade

Look at the bearish wedge that is under development + some unfilled gaps (in SPY ETF). It does not mean that the market is bearish but it is better to be careful.

LookIntoTrade

Last week the pair seemed to cross above the "blue" trendline but later it returned below it. Also, a sort of "bearish candle" formed on Friday (it has a long upper shadow, which indicates a "rejection"). Now, the price is still in this small channel but if it breaks dow, it may continue south.

LookIntoTrade

See the picture for explanation. I think I would rather wait for some bearish price action for confirmation, i.e. I will not short yet.

LookIntoTrade

The market is resting on the support. The recent candle was a "hammer-like", i.e. a short body and a long lower shadow. This may indicate a bullish price action. We'll see.

LookIntoTrade

This is SPY (S&P500 ETF). The market is above the thick blue trendline but note that the market has seemed to ignore it recently. Anyway, the market is testing the "green" resistance. If it is breached during the next days, it will be a bullish double bottom. Of course, we can expect some selling first. Please note, however, that this is only my prediction.

LookIntoTrade

Broken resistance in LIT and a bullish price action afterwards. Buy :)