UNG hasn't been able to break the 0.618 fibo retracement level. Adding this to the downtrend channel upper resistance line rejection and we may possibly have a strong movement to the downside.
After TLT failed to break the head and shoulder neckline,the stock is following a second pattern that supports/reinforce the downtrend (Parallel Channel). This is a good setup to either buy puts or close current positions.
FXE broke the bottom of a wedge pattern. The bottom of the pattern represented a strong support for the stock, but it was broke 2 trading days ago so a downtrend pattern should be expected.
NWSA unable to break important Fibonacci retracement which is also an important resistance level. In addition, the put option volume was about 72K contracts last friday.
Analyzing the daily chart for AKCA, it can be noticed that the price held its long term support level and it's setting up for a rise. The price has been steadily increasing in the last couple days with new higher highs. If the price follows its established uptrend channel, or the newly forming downtrend channel, we can see that there is room for a big run up. For...
BTC/USD is forming a triangle pattern in the 4H chart. Since they can be continuation or reversal patterns we cannot predict the price direction, we need to wait for the price to break out of the pattern to indicate which direction it is going. What it is for sure is that once it breaks the triangle, the price will do a strong movement in the direction it broke...
If we analyze the Fibonacci levels since the 05/05, which was the last peak, we can notice that the price retrace on almost every Fibonacci level. The current price is placed in the 23.6% right now, which may present another retracement. In addition, there is also a resistance line at the current price. My advice would be to wait for the price to break the current...
BRKS just broke the resistance level which may present a buying opportunity. The RSI level is in overbought position but, if we check the RSI history, there is still room for growth(some people say that "there is not such a thing as an overbought or oversold position"). BRKS has also broken the upper resistance level of a triangle pattern which confirm the uptrend...
FX:EURUSD Sell opportunity. The price rejected the flag resistance level. The cypher pattern also suggest we can expect a change in the trend at this point.
