Crude is in a critical junction. It will take some time for oil to develop a good support line before it can go up. Think it is a very good time ti buy and hold it for several months to gain some good profit. Once it comes out from the triangle pattern and the RED COTTED lines and BLUE SOLID line RESISTANCEs it will be a gold for BULL Chasers.
I don't trade gold unless it's extreme high or extreme low for long term holdings. But just would like to share my charts with gold bug traders so that they know where they are trading. Move extremely cautious if your are long as PRICE is approaching the solid RED resistance line. If you want to go long then let it break. Also this is a monthly chart so don't know...
For now on monthly chart we need to focus on BLACKA PARALLEL CHANNEL for any direction. If it hit upper black line then go short. Going long in this weak pair kinda risky now, even though it has been over sold and limited bounce is very common. The second channel can be the between the solid red line and the solid green line for more trading room. But either...
Just updated the chart for both Bull & Bear BITCOIN traders even though I don't trade short term things. The SOLID TWO BLACK LINES are for BULL channel traders and the DOTTED RED/GREEN PARALLEL LINES are for bearish traders channel pattern.
Just updated the chart for both Bull & Bear BITCOIN traders even though I don't trade short term things. The SOLID TWO BLACK LINES are for BULL channel traders and the DOTTED RED/GREEN PARALLEL LINES are for bearish traders channel pattern.
THE DOTTED RED LINE AND DOTTED BLUE LINKE MAY CREAT A FUTURE POSSIBLE CHANNLE TRADING AREA.
Time Warner Buys 10% Stake in Hulu for $583 Million Times warner's last try to survive in the market. But it will fail too. How? Look at the cart. The move from the 2016 Feb low from $50s range is about to come an end. It may go higher but not too much as the technical are diverging and shows weakness. It also failed to take out the recent previous high $79...
Still it is a risky zone to trade. I would wait till it breaks the Red Resistance Line including the blue line and closes atl east above the Horizontal Black line to go LONG. It may be just a short term bounce from oversold position from yesterday. The new light blue line will act as a temporary support.
ONLY GO LONG: Well this is a 3 hour chart. If SPY 1) If Breaches the Deep Blue line at the top and 2) also at the same time crosses the Red resistance line on the side and 3) stays above the Black Support line =only then you can go LONG. Otherwise remain short when chart looks viable.
PSBL CHANNEL TRADING FOR NEXT FEW DAYS. This is a 3 hr chart though not 4 or daily ;)
If it's break the solid red line then it's a buy; otherwise SHRT
Yes hitting the black line means its buy time. But be careful as you need to have a very tight stop incase if the BLACK support line doesn't maintain support. It would be better if you can hold your greed and wait till it breach the red resistance line for a better long trade.