Couciously we can begin to build first positions I think. It is afallig knife but the fall is slowing. :-)
The low of the trading range and the channel makes hope for a ratracement at least.
The MA 21 serves as a lid at moment. Nevertheless, 31 looks supportive and we are trading in a range since February 13th. At 31.28 a large volume of buyers came in. So it seems tat there may be the present minimal value of the stock. I consider the fall to 31.28 as part of the sideward correction of the stock with hope for a continuing uptrend, at least a retest...
There is a big downgap to be closed around 70. The price is holding well above 60 which should be the support for the next time. Stopp below 59.
Seems the correction is over and the downtrends will be remembered. Whether this is the continuation of the downtrend or a correction of the recent upmove only will show at around 0,89.
Of course an uptrend. But the GBP likes to follow the median lines. So I hope that it will do it this time again and settles for a correction now.
To add my mustard to the AUDUSD discussion: In the 4-h-chart we had a false break recently. The resistance line is just retestet, i.e. this would be a good entry for the short-long-speculation to sell until about 0.9 to go long then.
Silver is trading in a sideward range. And as long as the downward channel has not been passed on the upside this range will be valid.
The potential for a bigger retracement after this deep fall is there. But a rise towards the median line at least seems reasonable.
The flu got me. That's why I had no nerve to publish my yesterday's trading idea: Long EURJPY at 1.3828. Now that I feel better I think that the rate is rising well and I could double the position. Now I feel some doubt. What do you think? Better profit taking or increasing?
I think most of you will agree that we are in an intact uptrend. That's why I had put a stopp buy order tonight at the green horizontal line which has been filled. Ideal target may be the upper pronk of the pitchfork that is close to the highest pronk of the same. But it needs some more confirmation to become sure that the uptrend has resumed.
The trend has not changed yet. We arrived at the bottom of the pitchfork and have the chance now to resume the uptrend from here.
It is an upward retracement running at moment. I assume that we are in a trading range for a while. Within this range we can reach the top.
50% of the last upleg retraced, couldn't hold there. Target: look point p, but this may take some time.
The price fell to much below the pitchfork. That means to me that a larger downmove is beginning. Taret may be the cloud.