20190911 Trade idea on China A50 (Update 20190918)as shown... until trend line breaks
Previous China A50 analysis....
20190912 #2
20190911 #1
Don't forget to hit the like/follow button if you like this post ;)
That's the best way to support me
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
Indicies
#ALSI From fake moves..........comes fast moves. Trend break and then a fake out. Fake out created some momentum down. PRX & NPN sell off continuing. Weak hands selling after IPO. Normal run of the mill stuff with new IPO's.
#ALSI Bullish within a defined channelMore bullishness possible until we reach the top of a multi month channel.....?
20190911 Trade idea on China A50 (Update 20190912)Don't forget to hit the like/follow button if you like this post ;)
That's the best way to support me
Disclaimer: This information is for entertainment only, it may be incorrect and should not be used for your investment decisions.... I just post things for fun based on what I've learned and that may be incorrect. Seek help from a REAL certified financial adviser (NOT who I am - I'm nobody) for your investment or trading decisions involving real money .
#ALSI Possible head and shoulders now in the makingNeckline break will give us a target at the bottom of the range
#ALSI Looks like a potential bear flag averted. It looked like a possible bear flag was in the making, but a convincing break today resulted in that idea being put to rest.
#ALSI Bear flag or not ? Time will tell.Looks like me might be forming a bear flag, but difficult to say at this stage if it is indeed a bear flag. Will just have to wait and see where this one is headed. Lower levels target indicated on chart if bear flag becomes a little clearer and breaks to the downside.
#ALSI Bull trap set and executed to perfectionThis morning was a good example of how a gap can be used to trap over eager bulls. They went for the gap close but that required a break of overhead resistance and more momentum than world markets could offer. The result was a 500 point u-turn that under the right circumstances could extend further.
#ALSI Consolidating before testing lower levels ? Upper gap might be immediate target for bulls, but technically the likelihood of testing lower levels after that looks quite compelling. Watch for a bear flag formation while we consolidate.
#ALSI Technical damageA break of support 1, could open target 2 support. Bulls will have to dig deep to get out of this one. Bearish
#ALSI Downside potential Quite a bit of downside potential still on the ALSI. RR is to the downside for now.
#ALSI Delicate balanceCurrent levels indicate we are at a decision point for either a possible bounce off support or a break of support and downside to support level lower down. Wait and see approach.
US Dollar Currency Index / W / Weekly Forex Analysis / 6.30.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is June 30th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see the DXY ended pretty mixed last week. Going into this next first week of July 1st, we will be looking for the Dollar Index to make a move from its current state of indecision. Couple of scenarios could play out we could see this indecision play out a bit longer, or we could see some follow through from the dollar. Currently on the DXY we are watching the 96.493 and the 97.465 areas for resistance. And watching the 95.662 and 94.635 areas of levels of previous support. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
#ALSI Up against some resistance4000+ points in 10 trading sessions. At some point we need to take a breather.