Reversal on the cards for DOW Jones?Dow Jones monthly chart. We have an ascending curve (shown in blue) going through major turning points of this index. As the curve gets steeper the acceleration of this index to the upside increases. The index is now retesting the curve for the second time after trading below it from 2009. Very sharp gains as of late may be capped at 21000 which is also a cloned range resistance (shown in blue boxes), with distance between blue zones being equivalent. From the gradient of the curve lately we can see the speed of growth may not be sustainable and we now may see a pullback/reversal.
J-curve
COPPER Long Term Buying OpportunityThis trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as oversold as it's ever been. The final reason is that over time, Copper has consistently gone through fairly rigid periods of increase and decrease. These periods range from about 100-150 days. Copper is nearing the end of it's current period of decline. A combination of reasons I have listed above describe why I will be long in Copper until approximately January 2016. Leave your thoughts, comments and a like if this was helpful in any way to you. Happy Trading!
WHY AUDUSD MIGHT BE A GOOD LONG-TERM SHORTALL CURRENCY PAIRS IN WHICH THE USD IS THE
DENOMINATOR HAVE BEEN FOLLOWING A SIMILAR
ARC SHAPE SINCE THE 2009 RECESSION.
AS WE CAN SEE HERE, JPYUSD, CADUSD HAVE REACHED
THEIR PREVIOUS SUPPORT AREAS. ONE CURRENCY
PAIR THAT HASNT REACHED ITS PREVIOUS LOW
IS THE AUDUSD. ALL MARKETS WORK TOGETHER,
THEREFORE I BELIEVE THIS PAIR IS LAGGING
COMPARED TO IS RELATIVES. AUDUSD COULD BE
A GOOD POTENTIAL SHORT IN THE LONG RUN
AFTER ITS CURRENT CONSOLIDATION.
NXTD Coppock Curve Turned Upwards with Bullish Heikin-Ashi ColorWhen the Coppock Curve turns around this is a good sign the chart is reversing direction. Combining this with the TrendBars indicator which add Heikin-Ashi colors to the candlesticks, both indicate a bullish direction. This is still true, even while the chart had wild premarket buying and resultant selling off during regular market open times today. The chart is providing a bargain for traders and investors currently.