Price in indices saw heavy fall following news out of Asia property development sector with risk off trading favoring Yen and USD. With this multi-monthly structure expecting price to reverse off the sell off and produce some demand in the market.
Market is at a critical level of support a break below this level will move price possible passed 15000 support. Expecting the multi-weekly ascending trendline to hold for price to reverse from here. If price breaks will wait for next possible buy setup with safer RR.
Gold has shown no clear direction on which sentiment it falls under for the medium-long term. In this instance we have 2 possible outcomes from the setups shown above. Share your thoughts and Like and Follow. For more info check out our bio on homepage.
Market has broken from the downtrend channel and seems to be forming a bullish flag to continue back to upside. This is validated on breakout and momentum high, else chances of price breaking back inside the bear channel still exists.
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This is the same setup posted this past Tuesday. the market has respected the speculated flag to form through this long consolidation. There could be a drop before rise or breakout and rise. Its Friday trade safe always.
Order imbalances can often occur when major news hits a stock, such as an earnings release, change in guidance, or merger and acquisition activity. Imbalances can move securities to the upside or downside, but most imbalances get worked out within a few minutes or hours in one daily session. Smaller, less liquid securities can have imbalances that last longer than...