We have a nice pattern forming for MFGP . A reversed Head and Shoulder formation, one of the most successful reversal patterns. Still waiting for a confirmation with a breakout above the neckline and preferably with some nice volume.
Here an update of my targets for the EURUSD. As my target i gave in NOV 2018 of 1,081 got hit and was a nice support zone for a BUY . Price changed to an uptrend and broke even a LT downward trendline.
As you can see an the chart we are now trading at a resistance zone now, if we make NH we could go for and Extended 5th Wave see the chart for the...
The Dow jones DIA is at a critical point right now. We are at the 50d Avg and the support of a head and shoulder breakline. Both SPY and QQQ are going to end the week triggering a weekly MACD sell signal. And cyclicals are not on our side (mid of septamber till mid of october been the wors months)
KALA PHARMACEUTICALS INC $KALA is forming a CUP & Handle formation with a leading BO on the OBV index. The stock had also a lot of insider buying power and positive news with their EYSUVIS (a dry eye disease)
Here a nice example of a W pattern breakout trade I posted in the silver discussion board.
26/12/18 LONG Silver on a BO of a nice W pattern.
07/01/19 Target reached and Silver at key resistance area > CLOSED the trade.