HKEX:291 New High is coming soon.HKEX:291 has formed a head and shoulder pattern. The right shoulder is also a double bottom pattern.
MACD divergence occurred at two previous point on 1st Mar and 14th Mar.
MACD showed a buying signal on 18th Mar, which broke two recent tops and also the resistance of the head and shoulder pattern.
Cut loss @30.7
Target 1st target @35.65, 2nd target @40 to new high
Buy in @32.9
Bill Williams Indicators
Is the rally from 8th March still on? Miners out!Gold is on a trend since beginning of March, but how long it will it last? Are we reaching a consolidation?
Currently sits just right above the 1321ish resistance, gearing to take on the 1333 and then the 1345.
I've put in a breakout play, just right above 1323 with 1.5R from the last swing long at 1HR timeframe.
manage your risks well. Happy trading everyone!
Possibly entries to short the retracement of SGDJPY @ 83.00There are two possible entries. 1) looks safer at the top of the supply area @83.00 and ride it down to TP 1 at 82.80 for 20 pips or 2) entry short will be at 82.70 The bottom of the supply area (resistance) and look for TP 1 at 82.50 for 20 pips
//////
Spanish version: Hay dos entradas posibles. 1) parece más seguro en la parte superior del área de suministro @ 83.00 y desciende hasta TP 1 a 82.80 para 20 pips o 2) el corto de entrada será a 82.70 La parte inferior del área de suministro (resistencia) y busque TP 1 a 82.50 por 20 pips
Alligator-Rainbow, Velocity trend continuationThe Alligator offsets all changed to zero, colors changed to match a common "rainbow" strategy and the MACD is set extra long for confirmation/filtration. Once these two show the trend stochastic is used for entry-exit points with additional filtration provided by Heiken Ashi. Happy trading.
Dow Jones Double Top brokeLast weekly candle closed before the Kumo, this week candle, althought bullish failed to close above the Kumo confirming a bearish move.
The above comment is also supported by bearish fractal break.
Fibonacci extension provides an idea as to where the market may find zones of support and resistance.
EPO LongVISA made a 198M takeover bid for Earthport (the British Ripple's partner). They already developed an API for interconnecting XRP ledger in cross-border payments. I'm long here, check %R.