skypointmarkets

skypointmarkets

Simple buy set up using the Fibonacci retracement. Our confluences are that price is consolidating on the 38.20% - 50% fib levels and that price is coming to touch the trendline as well as price being above the 50 and 200MAs. Will be looking for a break of consolidation for a long position.

skypointmarkets

MY ANALYSIS FROM YESTERDAY PLAYED OUT PERFECTLY. IF WE SEE A BREAK OF THE BLUE TRENDLINE THEN 1680 IS OUR TARGET. WILL BE EYEING OUT THAT PRICE FOR A LONG POSITION!

skypointmarkets

HUGE DOWNWARD MOMENTUM AT THE MOMENT FOR GOLD. PRICE IS COMING CLOSER AND CLOSER TO THE TRENDLINE AT 1680. PRICE COULD EASILY REVERSE AT THIS LEVEL AND CONTINUE UPWARDS POSSIBLY BACK INTO THE 1800'S. ALTERNATIVELY, PRICE COULD BREAK CONSOLIDATION AND MOVE UP TOWARDS OUR RESITANCE LEVELS AT 1740 AND 1760 BEFORE COMING BACK DOWN OR CONTINUING TO THE UPSIDE. THE...

skypointmarkets

The market is showing signs of potential bullish momentum today. The ideal price to get into a long position will be 13000 - 12895. A break-out above 13550 could push the price to all time highs.

skypointmarkets

LOOKING FOR A SELL IN LINE WITH THE CURRENT DOWNTREND. A BREAK AND CLOSE BENEATH THE CONSOLIDATION BOX, ALONG WITH FURTHER CONFIRMATION, WILL BE A GOOD OPPPORTUNITY FOR A SHORT POSITION TO THE 27 FIB EXTENSION AT 1743. WE COULD SEE A CONTINUATION TO 1719 OR A RETRACEMENT TO FORM A LOWER HIGH AT WHICH POINT WOULD BE A GOOD OPPORTUNITY TO ENTER WITH ANOTHER SELL POSITION.

skypointmarkets Updated 

Great long position to look out for. A bounce off of the trendline would create a perfect buy opportunity to one of the following resistance levels. Will be eyeing out a long position at the 13350-13330 area.

skypointmarkets

Looking for a long position if price reverses at the 78.60% fib extension or at the 13530 level. Target will be 14000.

skypointmarkets

Looks like there may be a head and shoulders pattern forming on the 15min TF. This may be further confirmation of downside at NYSE open.

skypointmarkets

Price has bounced off of the trend line indicating the start of a bear move. Looking for a sell to the 78.60% extension and then a buy on the reversal at around 13615 - 13600 . Once we're in a long position our target is 14000 - 14145.

skypointmarkets

My analysis from yesterday still stands. Price bounced off of support at 13670 twice. It may test this level again and then break below to 13530, or continue to 13800 as expected followed by a bearish move lower. I'll be eyeing out a short position with confirmation if we reach the 13800-13830 area (or if price breaks and closes below 13670) during the NY session.

skypointmarkets

Looking for a continuation to 13800 at NYSE open. We could see a break above 13800 to 13820-13840 followed by a bearish move to the downside.

skypointmarkets

Looking for a short position once price reaches 13800. If price respects the trend we could see a sell-off to the 13200-13150 area

skypointmarkets Updated 

Could we see another sell off soon? Daily Covid cases reaching record highs as the festive season begins. However, US stimulus checks also suggest NAS might continue higher. Might not enter this trade.. will observe how the market acts during NYSE session.

skypointmarkets Updated 

Resistance at 12450, I'm looking for a breakout above and a candle close above the 200MA for confirmation. My target is 12600 for now.

skypointmarkets Updated 

Reached yesterdays TP of 12650. Let's see the bull rally continue higher today. Will observe the price after a retest at 12676, a break above will lead to Fib extension at 12700 to 12720.

skypointmarkets Updated 

Previous analysis target of 12600 reached. Expecting further upside today to either 12650 or above. Alternatively, a retest into consolidation.

skypointmarkets Updated 

Expecting a break to 12600-12650 at NYSE session. Getting ready for some all time highs

skypointmarkets Updated 

Looking for a possible Long position if the uptrend continues. Entry - 11986. Target - 12160