For 4 times, the stock has tested the blue line which was a support and now a resistance, and delivers some bearish signals looking at the upper shadows and the strong volumes. - For trading: you need to wait for the breaking of the highlighted rectangle, the bearish signals are encouraging to break from below and maybe reach the lower red level of PITCHFORK. -...
The stock has broken a small Range, and pullbacks on it, the pullback is also coinciding with the VWAP: - If the VOLUMES continue in green and break the VWAP from above, the prices may enter the rectangle to reach the previous range and break the orange dotted resistance, -> opportunity to BUY and hold for a short period of time. - If the Market fails to enter...
The reversal zone expected in 05 August was quite obvious but it's always satisfying when it works correctly :) Now the Bitcoin is testing two times the support I mentioned (also in 05 August) like the two last candles are showing. the scenarios: - We may assist an ELIOT WAVE if the prices go up and break the strong resistance zone (the C wave) and the Bitcoin...
the strong resistance I drew is coincident with the 50% level of Fibonacci extension and has been tested many times in the past. Now if the market breaks this level, the next target will be 61.8% level of Fibonacci (13966.36), and If it is also broken (due to a speculative bubble), we will move to 16954.04 (78.6% Fib level). otherwise, the prices could dropdown,...
For the Moment, the volumes are weak comparing to previous ones. the red inclined line is a strong resistance which began since 2008, the horizontal yellow line is a support which serves for 16 years now (since 2004). Now there are 2 plans : - If the market breaks (or tests then breaks as mentioned in the chart) the strong red resistance, the prices may...
It is obvious that NIFTY 50 is in a bullish strong trend, difficult to go down. No place to short! I will personally DO NOTHING until I observe what's going to happen at the 12 000 level. -If this level is broken up, the market will reach the precedent resistance (red inclined line), and continue the trend. -If the market bumps into 12 000 and go down, it will...
-The current price could either break the 38.2% Fibonacci level and reach the 50% level (around the price 300) and reach the previous range. -Or the stock could reach the 23.6% Fib level after testing the 38.2% level and reach the price of 400. The most important line for the moment is the 38.2% Fibonacci level, It may be broken strongly. The yellow inclined line...
the market is in a range as highlighted by the rectangle. Once broken: -If from above, BUY -if from below, SELL I will explain more in my next publication
EXPECTATION : the market could continue to consolidate to complete the Triangle pattern. Today, I'm bullish since the market is above the VWAP. The market may break the triangle from above to reach some previous recent highs as 78.6% Fibonacci Level which corresponds to the 2015 price level (blue arrow). If the market breaks from below , it may reach...
The bearish Butterfly pattern is indicating a possible retracement for the GOLD to reach the precedent high reached in year 2011. When the market will go up again and break the blue horizontal line , the next target is clearly the next Fibonacci Level which corresponds to 2179.1 price. the Butterfly pattern may be a failing pattern , but the two last...
From a technical point of view, the GOLD is consolidating at 61.8% Fibonacci level (see the blue rectangle) : - If the rectangle is broken from above, the market will surely reach the 78.2% Fibonacci level (2212.6). - If it is broken from below, the market is expected to pullback on the yellow line that tells us the history of the GOLD since the year 2000, if it...
Despite the sharp increase (and the bullish gap caused by the split of the stock), the stock could correct but it won't be a big problem for investors, since the overall behavior of the stock AAPL is in an uptrend. So why not Road to 159.48 ! Let's see what volumes will do !
after the breakout of the triangle, and more essentially the pullback on it, there is a great opportunity to buy the stock. The target is expected to be the length of the triangle which coincides with the 50% Fibonacci level, this could occur if the breakout of the 38.2% Fibonacci level occurs, if so, you have 90% chances that the target will be reached. Focus on...
1st target is the vwap and the same time 38.2% Fibonacci level. If the VWAP is broken, the 2nd target is the 61.8% (this is in case the market doesn't bump into the VWAP) Focus on The volumes to confirm it (don't forget that trading is only about probabilities)
Bearish signal for the ZB (T-bond future). breaking of the VWAP with a large volume. the market may reach the last bottom to constitute a trading range.
VWAP broken, initiate a trade, Take some little profits at the indicated target
Last day we had a great green volume comparing to previous ones. the ascending triangle I signaled months before is still not broken out, this is a great example that shows how strong, heavy, and slow is this market (ZN). let's focus on volumes and trade when the triangle is broken.
nothing really impressive in the petroleum crude oil CL market, since the volumes are really small comparing to previous ones (see the volumes). however, the lows are higher and higher, we might expect a breaking of 61.8% Fibonacci level (42.86), if so, the market will be directed to 78.5% Fibonacci level, which is corresponding to the price 52.24. let's focus on volumes