motleifaul

motleifaul Updated 

The price cannot rise above falling trend line. The momentum is not high but the tendency seems to be clear,

motleifaul

We have reached the August top again and are losing momentum. Seems as we don't have the power to complete the 38 % Fibonacci retracement.

motleifaul Updated 

We've got a retracement in a clear downtrend. Even in the short term this has completed a valid Fibonacci correction.

motleifaul Updated 

We are trading within a downward channel. After the recent corrective rise we had reached its ceiling but could not break the channel. As the trend remains bearish I suppose that we shall follow the channel now again as we did since mid August.

motleifaul Updated 

This morning the prevailing downtrend has been tested and renewed with new momentum. As the Alligator is diving again as well I see a good chance for lower prices.

motleifaul Updated 

We are still in a downward trend. The impressive rise since mid October however is rather a correction of the summer decline which we have corrected 2/3 now. I think that the correction has been to fast for the market and the uncertainty has not gone yet. From here a profittaking seems to be more likely to me. Let's see whether the expected renewed decline will...

motleifaul Updated 

We are facing an important resistance here. It was a resistance in mid August already and held. And it had been a support from May to June. Now it is a 38 % Fibonacci mark for the February to June period. I think that this is important enough to hold again at least for a while.

motleifaul Updated 

In a clear downtrend we are facing a cross resistance. It makes me assuming that the recent rise has been a bearish correction. The overall market looks like being in a waiting mood however due to the weekend and the uncertainty about the next FED actions. This is the risk. But I think that adidas as a producer of lifestyle products may suffer of consumers'...

motleifaul Updated 

Last Friday we started a temporary rise and opened this week with a new gap up and have closed the September 30th window immediately. But this spike up became almost an Island Reversal when we failed to open the day higher today and even opened below yesterday's low. The bulls had the power only to close yesterday's gap up and gave up soon. Thus I expect the...

motleifaul Updated 

On Friday we saw a large decline after the short lived break of the MA barrier. This was in line with a decreasing momentum. Today we could not manage to regain the lost ground and failed to reach the MA again. With a further decline of the momentum I suppose that the stock has given up to change the downward trend and surrendered to the bears.

motleifaul Updated 

A further decline would result in a deeper fall as a result in a break of the support built on Friday.

motleifaul Updated 

We are breaking out of the trading range having been existed since June. As there is a long term support we may see a larger fall if succeeding.

motleifaul Updated 

After the spike down I am considering the momentum as sufficient to reach the first support level at around 1660 again.

motleifaul Updated 

After the good results of the downward trades it seems now that we are facing a relatively strong support that has served as a resistance in September and October so far. Ahead of the weekend I doubt that we can fall through easily.

motleifaul Updated 

We are struggling to exceed the big figure at 21 at moment. As we are in an upward range since September 28th I expect silver to fail for today and to consolidate before the weekend.

motleifaul Updated 

I am selling the € again as we have almost reached the 38,2 % Fibonacci level. This had been a support zone from August 23rd until September 21sd and may therefore become more important. Another downward attempt seems to be likely.

motleifaul Updated 

The top of October 1st became a support today. After this had been broken it may serve as a resistance now. Another test of the downside seems possible.

motleifaul Updated 

We have reached once again the top of the downward channel. Due to the dwindling momentum I expect a downward correction at least.