TWITTER INC, RENNOVA HEALTH, INC., GENERAL ELECTRIC COMPANY, ADVANCED MICRO DEVICES INC, SPDR S&P 500, 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
Upon viewing the 1h chart, perhaps this ABCD could permit a bounce. The green channel helps indicate a short term bottom of the range. My bias is still to the short side, but will take long scalps IF/WHEN I see fit. The orange support line looks like an appealing target, especially if we drop out of the green channel. NOTE: CHART ANNOTATED Above Green Line Long ...
Going for third test of lower trendline. Will we get there without a fight? Technically, we sit at a 50 fib retracement. It looks to me that we have fulfilled an ABCD pattern as well. What I find interesting is the .382 fib lining up so close to a resistance level that I mapped by hand (which also just so happens to line up with the CENTER OF THE TRIANGLE! Perhaps ...
Around the .7146 area I see a significant amount of reversals. AUDUSD has broken out of it's channel, and if we break above the .236 Fibonacci I would consider that confirmation of an uptrend. On another note (if price moves lower in the near term) I consider scalping shorts while looking for better long entries.
Head and shoulders pattern with a low right shoulder, price is respecting the trend of the shoulder. I would not be surprised for a few days of up action, but unless there is a break of the shoulder trend, I will be taking short trades (very careful ones though). Note the break of previous structure and strong bearish candlesticks.
On the 1 hour I see RSI divergence and almost overbought on 28 period. RSI definitely overbought on 14 period, along with Williams %, and MFI. (edited) I am already short... The shoulders of the pattern aligned with an old weekly pivot look like an acceptable region to enter short again, but if price seems to ignore this area, I think 19.000 is either a good ...
Buy at 1307.35 the blue support line. Stop loss at 1303.80 which is the location of the cross of the daily lower trend line and the hourly lower trend line. (look at the red horizontal line.) I am bullish Gold and expect to see 1450 sometime within the next 12 months but do not plan to just hold forever... Target 1319.80
All technical here. Historically, around the month of august there has been a strengthening of the JPY. Heavy RSI divergence. Weekly pivot forming far below at 101.1 area. CNY comes out with GDP Thursday 13, 2016 so that is a contributing factor to be aware of. I am short at touch of upper Trendline. STOP 105. TP 103.31