Leg XA had E-wave formed, assumed impulse. AB retracted 88.6 of XA. Money Flow Index showed divergence. Price unlikely going up with head and shoulder formed at H4 timeframe. Point C can be either Fibo level 0.382-0.886 of AB. TP1 ~0.7970, TP2 ~0.7770, TP3 ~0.7565, TP4 ~0.7280 Good luck!
Supported at strong SR 101.900, Money Flow Index divergence
Ride with the institutional trader. Money Flow Index divergence.
Money Flow Index divergence. Watch Price action around 0.76, TP 0.7330 or EMA 200.
Up trend prior to form Head and Shoulder. Tested the neckline (Resistance) for the fourth time. Money Flow Index divergence. Entry: With good price action candlestick. TP: 0.90, SL: 0.97. Trade invalid if breakout with high volume. Last week candlestick was a movement without volume support. 459K compared with 743K (The week before). A nice fibo ratio if you...
Nice double top breakout with SR level tested always. Double top height of ~700 pips with TP reached. Using OBV divergence, we may want to retest the SR level. Entry: With good price action, TP 1.5384, SL 1.4964 (July 2012 low)
Head and shoulder had formed, breakout (Orange zone) and retested. Also the last e-wave 5.
H&S projected target met. With reduced BUY momentum. Divergence on AO.
AO shows a reduced momentum on SELL. Head and Shoulder forming. Neckline priced at 0.7676, wait for breakout, retest and BUY.
Divergence can be observed at RSI, AO and many other indicators
Divergence on RSI. Head and shoulder at H4 TF with neck line price at 78.525. Targeting towards 81.0XX
Reduced BUY momentum with increased SELL momentum within the triangle consolidation.
Divergence observed on many indicator like A/D, Momentum, Money Flow, etc. Wave 2 rested comfortable on 0.618 last week. This week will ride on wave 3 to break the historical resistance zone to (3), retest and finally ride to (5). Presently targeting to EMA 200 with SL at 0.618 low.
Three moving averages crossover, targeting towards Support zone.
Down trend showing a reduced Selling momentum (Red arrow) while an increased in Buying momentum (Green arrow). Expand the MACD graph for better visibility. Next target entry at 0.786 with price action, riding on the third wave.