Currently testing the near term uptrend with an indecision candle on the daily again. We failed to break above 38 on three attempts. The market was muted to slightly down with JPow's speech in D.C. 2722 area is solid support and I like the buying that came in just above there. However if price can't clear 2726 and stay above 2728, most likely will continue down...
Finally a daily close above 54.75 for the bulls. Looking for a retest of this area to hold and continue the trend up. As long as the lower trendline and 18 day sma hold, we most likely grind higher to the 57.44 target I have then ~60. Losing the 54.75 on a closing basis would put selling pressure on oil and most likely test the 53 area. As always let price...
Trend is up still until we lost that lower trend line. We are more than 50% back from the ATH and the sell off reversal area. Love that little doji that formed on Friday. We most likely break in the direction of the high or low with strength. My upper target on RTY is 1530.7 then 1560 area. Lower areas of support 1498-1500, lower 1478-80, and 1465 (and 18 day...
Just like ES1! and NQ1!, the trend is bullish. However we are at some resistance on the daily. There should be a lot of support at 24,860-24,900. Below there 24,750 has to hold or we will sell quite a bit. Testing the 200 day sma right now and the downtrend line from the ATH. We are currently more than 2/3 back from the reversal in December and the ATH. This area...
The trend looks very bullish clearing and holding above the 6845 level that I covered in my YouTube Video here: youtu.be . The 18 day sma is above the 50 day sma, signaling the trend is up. I'm expecting a push towards the 7000 level (2/3 back from the ATH and reversal from the sell off) this week as long as we hold the 6775-6800 area. Might overshoot to the 200...
We are testing 2712.25, which is a strong pivot (Resistance) on the daily. Nice little doji forming on Friday. I'm looking for a continuation up to test the 200 day sma around 2745 with as high as 2760s before a bigger pullback as long as 2716 is taken out with strength. Of course if we lose the low of Friday and ultimately 2690, we could test lower off the...
price moved up without volume support, price rise with low volume. suspect down move to retest bottom.
ORB - Opening Range Breakout This strategy works on all markets - time frame is Day & 1H Step #1: Wait until you can spot a bar that has its daily range smaller than the previous three days The first rule requires you to have the patience until the Nr4 pattern develops on the YOUR chart. When we have a daily trading range that is narrowed than the previous trading...
What's up everyone! Welcome to this Bitcoin update. After going back and forth a dozen of times it looks like Bitcoin is finally showing it's destination. On a bigger time-frame we are busy correcting from a big A wave down (A). This correction, B wave up (B), will end around 5200. This correction wont happen over night, it probably will take the next 4 weeks to...
Whats up everyone! I will show you what to expect in the coming days with an Elliott waves and Fibonacci analysis on Bitcoin. Lets start with what we have seen the past days. Two days ago we had this big (artificial) pump which took us all the way up to 3960. Everyone was getting excited, but the whales had other plans and pushed us back to 3655 and triggered a...
We should be bouncing soon, currently on the bottom side of a downward channel.
Nice to see setups like this. Short the .618 and take profit at the 1.618. Rense and Repeat. Next TP at the 2.618 (pink box). cheers!
The Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart: (1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best...
This is my projected trading range for S&P futures today.
Uranium futures TSX:U AMEX:UEC OTC:FCUUF TSXV:GXU OTC:URPTF UUUU NYSE:CCJ DNN TSX:MGA TSXV:BSK OTC:AZZUF NYSE:AZZ NASDAQ:FOSL PALAF OTC:CAULF