SO we have saw the BIGGEST rebound in history,and right now its back in pennant in weekly chart. BUT we should also look at the H&S forming up just below the FIBONACCI line which is QUITE important. So when the market opens we should see how it actually forms the H&S and if it forms clearly,we should SHORT this. And if the head and shoulder have been denied,It...
So as you can see in the graph,the oil had much rebound and it can be reversal of trend since the price is at 50USD which is price that many investors care.
SO as you can see the uptrend channel line was there for over 2months and it has broke on last friday. what do we do now? shorting it! we gotta wait for some signal such as H&S to form so that we can short it.
as you can see it is still downtrend i would like to short this. i'm considering shorting this once it has gone up to the upper trendline.
as you can see yellow drowing,i have drew head and shoulder that looks like forming now. explanation:so i see the recession of economy this year.As there gonna be recession i would want to sshort any currency and last friday the price came back up but i would still short this as MA is still downtrend and DOW trend it is still going down.
So as you can look at daily chart,GOLD is in the pennant. last friday it has hit the upper part of pennant but i am seeing it as breaking the pennant since gold and DOW are inverse correlative. It is totally viewed by fundamental eye,As there are lot of "risks" existing i am looking for the recession of economy. When the recession happens gold price goes up as...
So as you can see last week was a historical crazy week haha. after touching 105 it has rebounded like crazy and some might think it is a selling climax but we need to look long term. in a long term it is still a downtrend until it breaks 110. plus,look at the parallel channel line which is downtrend,although the price broke the down side of trendline,it did...
As you can see AUDUSD entering new low price since it is BIG H&S withinn weekly chart. I know you guys waant to short it but i dontt recommend for now because last friday the price has been supported so there is one possibility of rebounding and create H&S that i drew in the chart. It really depends on open price so look carfefully and have a nice weekend guys!!!
GBPUSD is still is downtrend since it still is moving in yearly low price. this GBPUSD was having DIP for downtrend along the channel line. Last friday channel lline has been broken out. wait for some signal,as i drew.
MACRO So as USDJPY has been bearish,we should focus on shorting it. But we can see there is support which is strong,the 111.00 yen line and 200 MA in DAILY CHART mixed together. On last friday the price has bounded at the line i mentioned above so some people must be thinking that it has been the end of bearish trend. Answer is probably not the end. We should...
EURUSD having possibility to have two patterns. one is H&S which i drew with pink color. If open price has go up a bit this chart pattern would be reliable and therefore we should short EURUSD. second possibity is formation of inverse H&S. I drew with white line. I would not rely on this pattern much as price will be below the pennant which tend to go down. But...
it formed H&S within 4 hour chart and monthly chart!!! TP at 62
look at btc,it looks like it's gonna for h&S at resistance. short it please tp 2700-3000
BIG ANALYSIS:H&S in WEEKLY chart! very strong sell signal!(1st) SMALL ANALYSIS:As long as it has broke the strong uptrend parallel channel line,so it will turn into down trend.(2nd pic) www.tradingview.com Plus there was clear technicalH&S when break out the channel line.(3rd pic) as you can see it has rebounded at the trendline of parallel channel after...
oil has been making "range" move which doesn't show any signal yet. trading strategy:buy or sell if it break the pennant at the fullest. breakout of pennant has alot of "fake" moves,So we should at least look at the break out of candle stick within 1H chart.
so as you can see,usdcad been going up with this channel line. and it hit the bottom trendline then now forming inverse H&S strong buy signal. tp at the trendline above
BIG ANALYSIS:So as you can see it,EURUSD been going up and down around the neckline of H&S for weekly chart which is VERY STRONG signal for sell. SMALL ANALYSIS:as you can see in my second chart,there was pennant abit above the neckline which has broke out on last friday with H&S within 1H chart. it finally broke 1.13 which is strong supporting line so let's look...
as you can see it has bounced back when it hit the second lowest price which is around blue zone. right now it seems like falling if it makes that h&s. short it after it formed h&s and tp at 1.25