For those who missed the Bitcoin train (more like a rocket!) to the moon - yours truly included, here's your second chance.
ETHEREUM is breaking out of it's ascending triangle and into all time highs. The % gains will likely be better than Bitcoin's going forward... but don't quote me on that haha.
Still riding on the weak USD theme, Cable may be the next on the bandwagon.
However the breakout is taking a break ;-)
We'll need to see a daily close above the recent high at 1.3338 before riding this baby north.
Will be keeping a close watch on this one.
A right shoulder has formed to potentially reveal an inverted H&S... A breakout above the neckline will confirm the previous H&S top failure, and launch this inverted H&S.
EURUSD, you're Head and Shoulders above everyone ! Really. :D
After the H&S breakdown and reversal, it now appears that EURUSD is attempting to breakout of the right shoulder of the H&S pattern.
This would effectively mean a H&S failure, a tradeable pattern in its own right.
Putting more weight on the Long side, is the 2.5-year rectangle breakout, which was already confirmed back in July but was stalled by the H&S pattern. ...
This may be the week we breakout of this 7-month USDJPY rectangle.
Going down to the 4-hour timeframe we also see a nice cup & handle launching pattern... may see a signal this week.
USD look strong across the board, so choose your trades wisely... do not want to bet too heavily on the Long USD horse.
Total risk on the same side of highly correlated markets should ...
Breaking out of the gartley harmonic resistance and rectangle boundary, ending with its highest weekly close since... June 2015!
This baby is looking strong, watch out for Monday's open to go long!
#WTI #CRDUE #USOIL
After 5 weeks of waiting, I believe we may have a breakout confirmation.
The huge gap up yesterday penetrated and closed above last week's high, signalling the H&S bottom completion.
The is a huge one with excellent risk to reward... hold on!
Sometimes, a harmonic pattern failure may be a more significant signal than a pattern confirmation... We may be witnessing such a case with WTI at the moment.
Price is currently threatening to breakout from a rectangle formation, coupled with a (potentially) failed gartley.
A clean breakout will be a signal to go long WTI.
The Japanese yen appears to be weakening against the US dollar, testing the boundary of the rectangle as we speak.
IF this breaks, it is looking like a pretty decent trade... keep your eyes on this one.
the market finally makes a clean break off of the H&S top, but watch out for a retracement early next week.
however if selling pressure is strong enough we may may hit target in a few days... hang on for the ride ;-)
Terminal bar has just been confirmed today, with the RSI already oversold on the 4-Hr chart.
Reversal zone also in a nice support area.
Looking like a nice one to catch on the way up, just need to have today's close with a reversal candle to confirm.
Likely to go long, next bar open!
After the anti-climax of the false-breakout / bull-trap, we get to have a second go at this. Target still the same, but stops tightened to below yesterday's low.
Here we go again!
#AMAT #Semiconductor #SOX