Downtrend has been broken.
I expect KO to rise (exp Jul17) to 50 and maybe fill gap up to 51.
Off Note: Economy is opening, meaning bars/restaurants/night clubs will soon start opening, in which CocaCola has big influence in its products aswell.
Note: please make your own research/analysis. This is not a trading signal.
RSI divergence (bearish). I will be expecting within the next 2 weeks (Expiration june 5) for DIS to move down to at least 115 before any bullish continuation.
Note: please make your own research/analysis before doing any moves.
RSI Overbought on Daily, 1H and 4H charts.
Currenly did double top on 1H frame.
Based on previous RSI overboughts (daily) everytime it has made a great pullback ranging between 4-8%
Based on the previous points and FB chart history, I expect FB to pullback to 222ish and if sell volume is high to fill gap around 215.
After the pullback I will go long until...
Note: this is just a prediction, not a trade signal. Make your own analysis first.
We've been on a big bullish trendline:
- Orange lines: weekly trendline/resistance/sup
- Green lines: daily trendline/resist/sup
- Blue: 4hr trendline/resist/sup
I noticed a divergence on the RSI (look at highlighted area) so im starting to really think into a start of a...
Note: Please make your own analysis beforehand. This is just a prediction, not a trade setup.
We have a big bullish trendline. However, we also have a bearish (hourly) trendline. Both trendlines crossed forming a triangle. So that leaves us with 2 options:
1. It will go higher and pass the bearish trendline, then having a pullback and continue going up,...
Looking at the past of XAUUSD, It usually increases by a high amount (+- 18pip) followed by a fib retracement of 61-78% (most of the times, anyways), or decreases by a high amount and then retraces 50-61%. Based on what just happened few hours ago, I believe a small retracement will happen (reaching 1984?) before shooting upwards again. There is a...