-Break above CTL (W Formation neckline)
-Resistance box (expect consolidation)
-TP:10000 LONG TERM
-Consider HL & LL formation
-Failure to break CTL (wait for pair to test & reject)
-Consolidation (fails to continue bullish)
- Fails to break the 200 M.A
-TP:5600 OR NEW LOWER LOW
-Could go bearish at anytime so...
Facebook is currently trading above the 50,100 & 200 moving average .
- Facebook has tested the second resistance and will be looking to hit a new high .
-Take note of the red vertical line as earnings report are due which could boost upside momentum if actual is greater than estimated.
-Facebook is still quite volatile due to its data breach scandal but hopefully...
US OIL bullish momentum undoubtedly strong and may still hold for quite some time.
-Unless OPEC countries decided to reduce oil and petrol prices i'll be looking to long oil to its late 70's
-Structure just recently tested CTL / Support line great time to long and hold.
-Possible H-S formation, currently trading at the right shoulder
-If EURUSD holds its CTL and breaks below H-S neckline .
Enter short position below 1.1538 and hold
-If EURUSD fails to hold its CTL and the trend breaks to the Upside consider H-S formation invalid.
-Preferably wait for a pullback before re-entering.
-Gold currently trading bearish for the past 4 months.
-Structure supports further downward momentum, trend currently trading below the CTL.
-Gold is quite sensitive to Economic data especially Fed Talks and inflation data.
-Possible Cup and handle formation brewing (Early Stages).
Long entry :
Consider this signals only if the trend fails to breakthrough the...