A small bearish gartley pattern has just completed. Its not in line with the main trend and for this reason we will keep our stops tight.
Wait for confirmation of resistance from the upper trend line before the price heads down again. This is supported by the high RSI level. Like the idea if you agree and subscribe for more tips like this.
Cocoa futures monthly demand in control, long opportunities. Going short with monthly demand level in control is very risky and low odds. Very strong monthly demand created with proximal line at 1995. New daily demand zones being created, not yet available. Longer term long bias with this monthly demand zone in control.
The daily trend in the NQ is still in a nice uptrend, but today's action is suggesting that we might put in a lower low, something that has not happened in a while. In the 4H chart, we have a pennant that it looks that it wants to break to the downside, it may not happen tomorrow but maybe later in this week. and in the 1H chart, we are oversold, that does not...
Is this the falling from orbit its been in? What a ride...missed and didn't want to jump on low earth communication satellite being launched. Expecting this will have some falling as not profitable yet growing. Posting for own use and future reference on this stock.
I am continuing with my stubborn belief that gold is around half way into a deep retrace to pre-run-up levels. If the 2016 to present (rather weak) rally fails I think we will see prices possibly sub $600 in 2 - 4 years time. By my count we are in wave (4) of a larger down-move. Triangles normally form before the final move in the larger degree wave (so wave 4,...
With the API and EIA inventories reports rapidly approaching, it looks like energy bulls are happy on the sidelines. In the event that we see a further pullback in October WTI futures, then a long from daily Fibonacci support will come into play. The trade: 1)Entry: Buy $67.26 2)Stop Loss: $66.99 3) Profit Target: $67.53 4) Risk Vs Return: 1/1 It is anyone’s...
S&P500 futures index is about to break all time highs again breaking the weekly supply barrier at 2879. Clear long term longs bias with new weekly and demand demand levels being created. Expecting a breakout of all time highs that will probably last for a couple of weeks before it retraces again. A very similar scenario has already happened on Russell 2000 and...
Hello All, I am still of the general impression that this is an ABC correction before another drop. Saying that, I have included a bulish view as well. If the current wedge fails to reach at least as long as the previous one - then the short view is validated. The second wedge could still breakout upwards for a small distance and still fail to meake the 1:1...
Iam waiting to get a pullback to get short on this baby! 195.80 is a good price to go short all the way to 180
Breakout scalps are an affordable way to trade futures, as stops are small and profits can be fast. Below are both the bullish and bearish breakout scalping plans for the Monday session in September WTI crude oil futures: Bullish Breakout: A buy entry from $69.25 is a solid entry to the long. With a profit target of 8-12 ticks and max 12 tick stop loss, this...
Markets have been pushing to new highs despite ongoing trade issues and technology firm earnings concerns. In a strong bull market, all boats float with the tide. Stocks and bonds will move up in anticipation of a positive outlook. A healthy market also has meaningful corrections based on business cycles and fed policy decisions. Given the long run in equities, it...
After a miserable first half of 2018, many traders and investors are wondering when bullion will begin making a comeback. Values have consistently fallen in August gold futures, bringing the psychological level of 1200.0 into view. In the short-run, things can get worse for gold. The U.S. FED is due out with their policy statements and interest rate decision...
All traders and investors should be aware of two sets of key dates in BTC: 1) The date that Bitcoin Futures contracts expire (shown on the chart in black in the past, and orange in the future) Futures contracts let traders bet on whether the price will rise or fall, without actually having to hold bitcoins. Whilst in principal the start of these should push...
G'Day mate, How are we all today, it is a nice fresh winters day in North Queensland Australia this morning, wonderful weather for sitting with the feet up doing some TA analysis on our favourite cryptocurrency Bitcoin. After closing the week yesterday in great stead for the bulls, we closed the first day just a bullish. We are though sitting firmly underneath a...
I have 3 main scenarios and the good news is that they will reveal themselves very early next week. Scenario 1. The current correction is an abc, in which wave c has already extended slightly over 1:1 (Pt. 2). This would point to the price facing very strong resistance at its current level and failing to break higher. If price fails to break above $15.55 and also...
After having posted some rather bearish views, here are a couple of bullish views. First, if the current triangle is wave (B) in an ABC correction then after the recent 5 wave down move (5 valid waves are present on some charts for silver and not for others (as the wave (ii) extreme is slightly higher than a 100% retracement on some charts - and not on others -...
The U.S. session has opened with fireworks out of the crude oil markets. Since the traditional New York crude oil “pit” open at 9:00 AM EST, traders have driven the price of WTI north by almost $2.00. At press time, price is testing the $69.00 level. The intraday uptrend is explosive, so keep leverage moderate. Here is a scalp setup from a short-term daily Moving...