Few reasons for this: - Fed starts talking about lowering interest rates - Fed will stop QT and go back to QE - US-China talks will finally find a positive ending
It looks like we are forming a H&S pattern. As a cofirmation we have a bearish divergence in the RSI indicator ad a decreasing volume. The H&S retracement area shoulb be around 143 $ where we can find a pretty strong support level (indicated by the purple horizontal line). GL & HF ;)
I expect gold to retrace till 1200-1220 $ level. From there we will resume the way up.
This altcoin experienced an over 90% retracement. This is an amazing occasion to buy and accumulate as many NEO's as possible. GL & HF ;)
It looks like the ABC correction (orange zigzag) is over. Ichimoku gives us a nice confirmaton. Tenkan Sen is crossing Kijun Sen (yellow circle). This is a strong bullish signal. From here we can expect a retest of the Tenkan Sen ad then a strong move to the upside. My long-term TP: TP1 : 450$ TP2 : 710$ In the Related Ideas link you can find a short...
We just hit the 200 EMA. From here the price should bounce a bit to the downside and prepare some steam for a solid breakout. GL & HF
This should be a rather safe bet given the approaching Brexit turmoil. GL & HF ;)
Hi All, There is a chance of one last push to around 1350$ level before the big and so long expected retracemet. We are approaching the upper trend line of a multiyear consolidation structure + RSI is showing bearish divergence + the last few weeks of this steep growth in price was not supported by significant volume (looks like smart money is waiting for the...
Hi All, Going long here: We have a fractalic Bullish Harmonic Pattern + price approaching a nice SUPPORT level + RSI heavily oversold showing a strong bullish divergence. Great Risk/Reward ratio! GL and HF ;)
Hi All, Shorting opportunity due to a double Harmonic bearish pattern. After reaching the 2nd take profit I expect the price to head North as indicated by the green arrow (on the Daily chart you will be able to see a megaphone pattern that would indicate a bounce up).
Hi All, Harmonic Crab Pattern. Should be a nice opportunity to go long here.
Hi All, It looks like gold managed to break the previous resistance level around 1300-1305 $ - I guess this last push was due to some rumours concerning the FED monetary policy and the believe that Jerome Powell will announce a withdrawal from the QT (thing that in my opinion cannot happen cause FED would loose the rest of it's doubtful credibility). Once the QT...
Hi All, I am short on GOLD since it hit 1294. It encountered a heavy structure RESISTANCE (green area). It couldn't even reach a psychological level of 1300$. From a technical perspective we have a: 1) Bearish Butterfly Harmonic Pattern and a traingle formed on top of it 2) Price action is breaking through 50 SMA 3) Bearish MACD, heading to break 0 level I...
Hi All, We have a bearish harmonic (butterfly) pattern here. Price broke through 200 MA which was retested and strongly rejected. I think that in the next few days we may observe another attempt to retest 200 MA and after that the price will head toward our TP1 target - 57.5$ Let's see how this scenario plays out. GL & HF ;)
Hi All, After a strong bounce up we may have arrived to a short-term profit taking area. After which our journey in North direction should be resumed. On the daily chart we can see a bearish Butterfly formation. What is more we hit the upper bound of our ascending channel (light-blue lines) + Stochastic indicator is overbought. From here I take into...
Hi All, I think EURUSD is way overdue for a rebound. On the chart we can see a bullish harmonic pattern (Crab) + an inversed H&S pattern. This seems to be confirmed by a bullish divergence in the RSI indicator which, by the way, is exiting the oversold area and heading north. Moreover we have a MACD crossover showing that bulls are gaining momentum. On the W1...
Harmonic pattern + MACD showing signs of reversal. Great Risk/Reward trade.
When the price approaches the trendline in the next few weeks it will be a perfect moment to go long + MACD showing signs of reversal.