Looks like $DGBBTC (DigiByte) has built a nice descending wedge and has already broken the upper trend-line with some volume coming in. Might move much higher considering founder will be presenting their DiguSign product in front of CitiBank, FB, MSFT, and others during June 9th competition.
As per my prior post regarding the gold miners I linked (which are usually the first to show their hand), gold has hit a double-top to retest the highs of the .618 retracement from the prior high.
I believe you have a great opportunity to enter at a great risk/reward level here. Dollar is bouncing off a major support now, and this is where I see gold going.
Miners have had an amazing run for most of 2016, but now it's time to get back to reality. The over-all monthly trend is still DOWN, and markets don't turn around on just one bounce like we've had at the beginning of 2016.
This retest is the bears trying to continue the bear market, will they succeed? I don't know; I'm here to make money, but I know they will...
NZDUSD is in a corrective pattern. Currently kissed previous support from underneath, with a double-top that failed to break to new highs. Expect this pair to start a long and harsh journey MUCH lower.
As markets have a tendency to do exactly opposite of what most think, there is nothing left for the euro to do but rally back to prior major resistance for another retest.
Everybody and their dog were bearish on the euro, which is probably correct; just not at this time.
The NZDUSD has started a new multi-month down leg. The channel has been formed as pictured.
You can use this bounce to get a 2nd chance at shorting near the highs on its way down all the way to 0.4980.
EURAUD is in a pullback/consolidation pattern. It is building a quite nice and tight bullish flag, so put this on your watch liist and monitor for breakout. If you're an aggressive trader, you can buy the bottom of this channel.
There is a interest rate decision on September 6th, which I think will be the catalyst that sends higher out of this flag, so you may...
I see some people trying to buy up this recent drop after Brexit. I've seen charts showing there is an inverted H&S on the 60 min... guys, this is why retail traders lose money. This is nothing but a continuation of the drop. It's a dead-cat-bounce, the move down is NOT YET COMPLETE. It doesn't even have anything close to a double bottom or a reverse head and shoulders.
Not much to say here, a very strong push upwards on this last retracement inside the channel. Price did not even make it to the lower band before exploding, telling me this is the one.
Good trading everyone!
There is an inverted H&S pattern forming, we have to get back down to the level of the left shoulder first. We will see where we go once we get there, but despite all recent events, it might turn out to be a bullish move upward outside of the downward range if it holds the second shoulder around the strong 207 support.
This would also close any previous recent...