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Critical

FTSE 100:UKX On Critical Support: Key Day Ahead MondayFTSE 100:UKX Critical Support and Key Day ahead for FTSE At the beginning of the year FTSE was forecast to hit the upper parallel and a maximumhigh at 7818 before coming off again. It duly hit the upper parallel spot on butthe high was a few days earlier than anticipated and the eventual high was reached at 7778, some 40 points shy of maximum likely near- term upside. Since then it's fallen all the way back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now. In fact it could be just beginning. Probably the greatest trader who ever lived, WD Gann, told us to measure time cycles from high to low and low to high as well as high to high and low to low and look for potential changes in trend as these hiddden cycles repeat themselves down through time. Previous cycle highs identified the exact date of the high in 2007 as well as the subsequent high reached in April 2015 just at the point that markets began a 10 month 20+% correction (for more details please PM) . This cycle marks the period from 10.03.09 major crash low through to the next major cycle low on 06.03.09. From major cycle low to low is 9 years ...which now brings us, after a 9 year long bull run, to the coming 23 to 27 days, culminating in the anniversary dates between 3rd march and 10th March 2018... FTSE is already teetering on the brink of critical support at 7092. It has to cling on here on Monday for any failure will tip this index into bearish territory and trigger a short back to 6868 at least - and then if this level in turn gives way back to 6680-6637. Beneath here the next major support potential lies at the lower parallel and below here at 5777. So if 7090 gives way on Monday by more than 10 points look to short this index with stops above 7099, targeting 6870 initially, then the 6680-6637 range if 6860 fails to hold during Monday. It's quite probable that should 7090 fail come Monday, this Index will fall away in stages to test the lower parallel at 6004 on around 5th March - and only then bounce away to the upside again.This will present some wonderful shorting opportunities along the descent. However, in the very near term it's likely that contrarian traders will look to go long here, simply because the stop is so close (20 points away maximum now) but ready to reverse short as above if 7090 gives way by more than 10 points. Time, as always, tells.
TVC:UKX
by sumastardon
BTC prediction As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend. I expect some sideways consolidation and a nice battle between bulls and bears. It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off quickly. If BTC moves up, it will reach another critical decision around the 9.5-9.6 k range. Bulish movement up beyond here would tend to confirm an official reversal. It could also be rejected from this level back to its dynamic sloping support. If BTC moves down, it could restart a new bearish impulse supercycle downward, testing the bottom to form U-shaped double-bottom or perhaps a more violent lower-low with a V-shape. Time will tell! Either way, should be fun to watch the King as usual :) This is for education and speculative purposes only and is not meant to serve in any way as investment or trading advice for any financial means.
BITMEX:BTCUSD.P
by WarDaddy
AUDUSD - ripening for a shortAUDUSD is spotted on 4 time frames. Importantly the big bearish pressure comes from the weekly. 1. There is some slight weakening of the bullish rebellion on the weekly and daily. 2. With the big wave of bear pressure visible on the weekly, I estimate a 51% probability to the down side on the daily. 3. The bulls may not be allowed much more wriggle-room on 4 hourly I say what I see - at this point in time. History may prove me wrong as the markets are the ultimate judge, jury and executioner. All traders are free to adhere to their preferred methods of analysis and trading. Note: My profile gives links to other totally forever free resources, in keeping with Tradingview policy. Disclaimer: Dance with danger but at your own risk. As Akil Stokes once said, "You're to blame" LOL. In other words, take positions if you wish but your losses are your own. I make no assurances that this analysis will lead to a gain. I accept that 80% of my analyses will be wrong and therefore an 80% loss rate. You have been warned/told.
Short
by Captain_Walker
USDJPY before NFP 6 March 2015Everyone waiting for NFP? Yes USDJPY now forming 3 drive pattern, likely will fall down to nearest support at round number 119.400 something. But we need to be very careful making decision here because this pair currently will bounce a bit high before drop down with NFP (bad data forecast). Maybe there will be some spike to the 120.500 level to test the critical level there tonight before the free falling. CAUTION, very wise money management needed here as we still can't see clearly the direction of this pair. Make sure you put a ideal stoploss and use your money management to control this unclearly situation. Mostly because everyone wait for NFP. Happy Trading and NFPing !
Short
by expertradersfx