Are we expecting a rebound in SPCFD:SPX ? It seems that an important support is set at 2873 (0.5 Fibonacci's level), more or less. If this support will be broken then I would say the index can fall to 2751 (0.618 Fibonacci's level).
October is the month where US stock exchange registered more volatility and losses in their history.
So a little retracement has already occured and tested the trendline but look at the MACD divergence, is it better to fasten our seat belt this month?
During waiting financial datas I will stay Long despite the Macd shows an impressive divergence. We can see a repetition of what happened between 10/24/2017 and 05/04/2018 but now the price is in an uptrend channel. The market is waiting for the third quarter results of this 2018 that will be published the 24th of this month. If that datas don't be good for the...
As we can see on the chart, it seems that the price could set up a head and shoulders formation but it has few time to change its uptrend. However this uptrend sees a Macd little divergence so it should be monitored.
If this pattern formation failes we will see a natural pursuance of the trend but take a look of the other pattern, Elliott's waves. After a long...
The break of the parallel channel and the silence of the media about the Bitcoin phenomenon, gave new vitality at this crypto. There's an important resistence at 0.50 Fibo's level that supported the price for more or less 10 days in January, if the price breaks it I would go long for a first take profit based at 0,38 Fibo's (12703$)
Italian elections are near and the market uncertainty is clearly visible. The FTSEMIB range is compressed in a triangle that it's closing and gives us the opportunity to trade on a breakout.
The market range will grow up on the upward parallel channel established in 2017, or it will go down in a fear drop? We should be able to capture the moment, for now we have...
After touching the lowest price since the '80s GBPUSD entered in an upward channel. EMA 20 is over EMA 50, MACD didn't give important divergent signals, the price never broke the channel for now so we are confident of the climb. First take profit is based on the Fibo's level of 0.38 (1.54205), if the price broke this level next take profit will be the important...
New year, new minimum not confirmed, break of the parallel channel, ADX over 25: are we going to see a trend inversion? We surely say yes when the EMAs will cross, but the strong raise movement make us think that will happen. An important resistence is placed at 0.50 Fibo's retracement. We can go long for now setting a stop loss at a price of 2,839 (0.23 Fibo) and...
We have had a EURUSD growth this year but I think it cannot stop. It seems that the exchange rate is going to enter in the third Elliot's wave. However the rate should break the resistance put at 50% of the Fibo's retracement. If it breaks, the currency could see another year of raise.
We see a quadruple repetition of a trend since the first EMAs cross. This is caused by an explosion of the Momentum that happens after similar periods of time. We could predict the lenght and the fall of the next trend just started by calculating two averages: that of the price and that of the days (take these averages with "a grain of salt").
We see a consolidated upward trading range because the ADX is over 25 (this indicates a presence of a trend) and drawing the Elliot's wave we can see that the price is in the third wave of an impulsive pattern. At what price this raise can stop? Maybe at a price around 3.200, this is a moderate resistance seen in the previous max.
Is head and shoulder pattern going to realize in the Bitcoin's chart? If it is, at the break of the neckline we have to go short for a first level take profit based on 38% Fibonacci retracement. MACD 3/10 helps us with its evident divergence. However a strong resistance is placed at the level of the neckline where different levels, found with the Fibonacci grid, met.
We can see a trend that is probably going to invert its raise by studying the EMAs and MACD 3/10. The croosing of the 2 EMAs (20 and 50 periods) is a signal of a changing situation, this is strengtened by the extended MACD divergence that doesn't confirm the new relative maximums.
If this trend inverts possible price goals could be found with the Fibonacci retracement.