GENERAL ELECTRIC COMPANY, APPLE INC, SPDR S&P 500, BANK OF AMERICA CORP, SKECHERS U.S.A. INC, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
1.EXTREMELY STRONG TREND LINE TOUCH AND BOUNCE OFF SO TREND LINE ACTING AS RES 2. PRICE HAS FOUND CONGESTION ZONE 3. SPINNING TOP FOLLOWED BY BEARISH ENGULFING 4.HUGE SPIKES AND WICKS 5. NO HIGHER HIGH MADE SO READY FOR REVERSAL OR A PULLBACK 6. YESTERDAY DAILY CANDLE CLOSED AS A DOJI AND TODAYS IS FORMING A BEARISH ENGULFING So all these signs are ...
1. Price has come down to previous RES now acting as support level which has held up well 2. Price has also come down to Trend line which is also acting as support 3. price has bounced of trend line with a bullish engulfing 4. price has been making higher highs and lower highs possible higher high in play ?
My reason behind this setup is quite simple After break of long term trnd line price has come to a support level which has held up well numerous times in the past and has bounced of the support level so i believe price will re-test trend line and previos support now playing as RES There could be alont of selling power after the re test of broken trend line and ...
Reason behind this setup AUD/USD has been putting in lower lows and higher lows for a long time in a down trend as a traders we know the trend is your friend after the bounce of trend line with long pin bars and touch of old support now turned res and also if the daily candle closes as a bearish engulfing this would be a great short setup. Also the close below ...