Following on the 4hr chart from a few days ago the previous rejections from 1.47 - 1.46 area has been repsected twice more! (Green arrows). Great bear flag / false breakout demonstration in my eyes.
$GPRO bounced off its ATL very nicely. Probably quite a cheap stock to get into right now. I am waiting for a clear break above 50DMA - Yet to see what the companies new found partnership with Redbull has to offer.
Clear consolidation for the US100 right now on the 4hr.
I have been short since 4531 last night looking at my first target being that strong support 4491 area.
Strange decline for NASDAQ today as DOW mad impressive gains and SPX SPY not far off.
I've placed many trades so far as a new trader but not so many on futures like this Not sure what drives this market...
Really nice setup going on here. If it gaps above thiss line that would be the ultimate confirmation. I am pretty long NGAS for the moment though like other commods.
I see a spinning top on heavy volume 4hr chart.
Could fall out of this channel. I have set order to sell 0.7120
===I am a new trader, please do not take this as a solid order===
I entered a short posistion early hours at around 1.47003 area. Still short for the minute but other EUR pairs have been rallying this morning SL:1.4682
Could hold out. Other markets and macros are making me bullish gold again after the downside. I've been long since NFP data Friday shot Gold up - just looking for more continuation now.*Edit to add correction to title because of error of chart pattern naming*
Looking at the set up is pretty neutral. But it's been here before and it could get board of these levels. Up or down we will see Will come back to this chart after I enter.
Drinking a bottle of Evian I thought hmm. Could bounce off that resistance a bit though as it is pretty resting for this stock.Heavy volume looks good too!
Just another trendline reversal idea that I feel may reach 2030-2025 levels sometime soon. further downside from that would be limited, I feel, to around 1970-1980 area. Alternatively if it breaks higher we could see another impressive rally that appears to only be happening now because everyone is buying haha No longs or shorts but I am leaning to the bearish side.
I have had BARC in my sights for a few months now and it is starting to pick-up. Will continue to see what happens from next week but we could see a bottom here.
