I'm no expert at Elliott waves, so my waves may be wrongly counted or drawn on this. But I'm watching a number of other things adding up. I see trend strength weakening. I see OBV probably heading down in a struggling bullish market. There is a similar wavy pattern emerging, similar to that around Nov 2015 to Jan 2016. I'd be delighted if others who know more...
Descending Channel , Lower continuation is likely to occur. However , We cannot predict the market. All we have is price and need to learn how to read it correctly. I'm just reading charts. Spike from lows , spike from high. A lot of indecision in the market. Better to stay out or at least Risk small.
Very very interesting chart , can be traded to the Upside .
Company Name: Cemtrex Inc. Stock Symbol: CETX Company Website: www.cemtrex.com Trading at approx $3.25 Per Share (06/08/2016) Many reasons I like this company. Currently CETX has a very attractive valuation, consistent: revenue growth, profits, positive cash flow, and smart acquisition strategy with a proven track record. The company recently...
As you can see , we need more price action to show us more clean direction.
It's all about making an educated bet to try to get it right.
If it breaks resistance at 1.289 it has opportunity to go as high as 1.3005. as if it hits the 1.30 range and doesn't break that resistance line then there is chance it will start a downtrend to the 1.284 range
Company Name: Takung Art Co., Ltd. Stock Symbol: TKAT Company Website: www.TakungArt.com Trading at approx $3.60 Per Share (03/29/2016) Several reasons I like this company. TKAT has a very attractive valuation, fast revenue growth rate, high profit margins and a truly innovative business model. Overall the company appears to be in a great position after...
EURGBP comes in monthly supply zone, looking for a short setup on TF 4H charts.
This is an SPX Chart that outlines historical trends and explain what could happen if SPX is consistent in its behavior during a crisis. To be able to predict the future one has to study the past. During the 2000 Internet Bubble & 2007 Financial Crisis S&P 500 shed about 50% of it's Value (in both crisis). And it fell to same support line which is between...
buy #USDJPY @117.95 SL @117.70 (-25) TP1 @118.30 (+35) TP2 @118.50 +(55)
After the market closed, AAPL reported news about a slow demand in their iPhones. They now will slow down production of their iPhones which shows the continuation of failure in AAPL the past few quarters. Im assuming we will see a lot of short selling and just selling in general tomorrow. Get short if we break down the the past two days lowest price.
$1,000 per ounce is near - an existential victory for Wall Street Historically, gold has been a go-to for times of financial uncertainty, whether deflationary or inflationary. Unfortunately, with the perception that central banks around the world will stimulate until growth shows up (hasn't so far) and a global slowdown won't turn into a global recession, gold...
Been keeping an eye on Wall Street as its reached an all time high with price rejecting it. After a bearish engulfing on the weekly we can now see a rally down back to the 16,000. With Fib C in place on a previous demand & supply area where the market has produced engulfing candles in the past this is an important area of confluence if you zoom in for P.A on the...