This is my first attempt to predict points and time using fibonacci proportions of them and Gann Angles; American stock markets just pop up from a 5 days bull flag. I expect points to move about 1.4% untill next tuesday, July 21.
The idea has a broader context, i still have to publish related ideas that makes me believe that gold has this final rally before a significative correction. Targets are shown at chart.
Usually i don't trade on news, but major events like Brexit could be game change. On the other hand, preannounced events normally get priced before they happen. In my opnion brexit referendum result will not change the overall picture but could cause volatility. So my guessing is that we should be short untill and then avoid to trade the referendum day and day after.
ABCD down pattern; i could be a more optimistic, but think this target shown at chart above is conservative and safe.
After a nice rally (see related idea), downtrend back again on IBOVESPA Signs: -Hook and crossover on overbought region of StochasticRSI; -MD down closed on RSI (white circles); -Marubozu candle at top of rally, followed by bearish candle indicating exhausted rally; -Price hit a conjunction of important trend lines, on a region of resistance;
Pullback on SPX500, target at 2100
simple idea, no need to explain much
Well, i believe that the dashed green line is a major support. Its a region of plenty RSI's UP MD (historically) and the dailly RSI is reaching the support of up trend. Its also the region of bottom of Wave 4 of the preceding rally. A look at the higher time frames will show that this is in fact a region of reversion, specially reversion from downtrends and...
Simple idea. There is this big flag, and price is reaching the base of this sideways channel. Two entries are showed on the chart, in case of being stopped on entry 1. Im bullish on bovespa, so i think this is a great opportunity and ITUB4 is one my favourite stocks to watch and trade. Thanks
At first i thought that wave (2) already had happened, but i changed my counting, and think that it is about to happen on next days or weeks. Three other technical signs agreed with this idea: the divergence of momentum indicators (indicated by purple trend lines), overbought condition on them as well and the fact that price is hitting a top of major channel. I...
Small flag on 1 hour chart of S&P500. Expected rally of about 1.6%, which maybe wont happen in before the close of todays trade session. RSI should find support around 50% line and should break by a little the 66% resistence as well, in order to accomplish the target. lets see what happens!
Target for a Wave 4. BVSP in correction of a downtrend , a lot of opportunitys on it at this moment. Yesterday it went 5% up.
Until Feb 2016, Bovespa still was on 2008 correction, believe me or not. But i do believe that correction has ended, and in the last days we had a kickoff for a longer uptrend. For now we will have a minor correction, for a wave two. Again, sorry for those who don't care about bovespa. FORA DILMA! LEVE O PT E O PSDB JUNTO!
its a simple EW count, but could possible be true.
Well, a lot of stuff is going on here on Brazil, Political uncertainty and Economics fundamentals are terrible. The government, for sure, is being a problem more than a solution. But despite that i still believe in a good 2016 from here, based on this analysis and other analysis of major stocks that compose the index.
Itub4 (itaú unibanco) is great for counting waves. I think we are before a great opportunity, entering in a wave 3 of (3).
this is the second attempt to enter Embr3, in what could be a wave (1) of a Cycle wave V (or Cycle X). entering at end of wave 4 (23.34) with TP at 24.47.
Long for UWTI for next hours, expecting a retracement of 50% at least. Overall trend is bearish at a bigger TF, though.