The Russel 2000 closed below the daily 200 MA today. It's never a good sign for the breadth in the market when the Russel starts breaking down. I think there's a strong likelhood we continue to breakdown, based off todays IWM price action. Small caps got rejected today at the pre market high and just kept selling all day. What makes thing price action bad is...
The small caps are getting to levels when they show value based on earning yields nad based on relative strenghts. These are the levels we saw before when the Russell 1000 started outperform the Russell 2000. Hence this is showing a potential broadening of the rally and give confidence to traders to not stick to the Mega Caps (FAANGS). Rather, this is showing...
Hi guys If you heard about caps on price patterns, you could see this parameter in DXY that happened frequently :) Also, you have to switch between the timeframe to find the suitable one. CAPS on Price is one of the most profitable patterns in the RTM method. I suggest learning more about it. Sincerely Hosein Poursaei
Hi guys In this post, I will analyze the XAU/USD chart by RTM method in the weekly timeframe. I suggest you learn this method which was developed by If Myante and his friends and is famous for its accuracy and high risk-reward ratio. If we look carefully at the chart of the Gold, we could see the evident Bullish FTR (failure to return) between the range of 1770...
HI GUYS ive think that rtm pattern caps or cancan on xauusd has created on 1h time frame PRICE HAS TOUCHED THE DOWN LINE OF ORIGIN OF ENGULF TRIANGLE THAT WE CAN GO ON SHORT THE UPPER LINE OF ORIGIN OF ENGULF TRIANGLE THAT WE CAN SET OUR SL OUR TP WILL BE 1/3 RISK/REWARD OPEN : 1897.69 SL : 1902.6 TP : 1/3 RISK/ REWARD WHAT DO YOU THINK ?
small caps seem ready to boost higher after this pullback. If it maintains the support it just did this would be past resistance acting as support and we'd be en route upwards to 270 for IWM.
BTC In Caps Move in RTM Price Action Caps move zone AZ Zone Source Zone Origin Zone
It's total market cap analysis, seems like will see a dump nearby 100B...now we are moving will falling wedge further prediction will be updated later...
This trade is based on a Cap that can be seen best on the 1H. My prediction/Setup would be an entry at 1.66770 with my stop loss at 1.67477. My first Target will be at 1.65724 and my second target at 1.63601. Once My first target is hit i will move to Break even and and then possibly start locking in pips depending on how the market is reacting.
Recovery in U.S. show up slower than expecting, seeing from Jobless Claim report increased to 276,000 against analysis forecast median of 263,250 jobs which is a greater numbers than Feb 2016 report. However the incremental is still below 300,000 which is an acceptable rate. Counting from Jackson Hole Fed's meeting last week statement was given clear of timeline...
Go long when it's climbing from a lower line to a higher line above, and go short when it's falling from a higher line to a lower line below.
Small Caps (IWM) - It seems IWM is having a hard time making it back above the black line (13-year trendline) this week and closed right below the purple line (since-2009 trendline) today. Note that in early January IWM broke below the purple line for the first time and dropped a lot.