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Macd-v

SPX history This is a long term historic analysis of SPX showing the length of the bull market and its following decline. The MACD in this case is quite acurate to identify this long term tops. Following that we are already now on a long term bear market and the last top was around februrary 2015. It is not clear how long is it going to take to fully retrace as we did on the previous two cycles. The green dotted lines are traced with last two tops and they are useful to identify the present top, and following that, bottom for this cycle could be placed in Q1 2018.
SP:SPXShort
by purpurato59
4
S&P Rally Short LivedWith the tsunami of data this week, it was really hard to sieve out anything stellar. At best, we had employment data that was above expectation on Wednesday, as well as a moderately improved ISM manufacturing index. PMI and Factory Orders left much to be desired. Central Bankers all over the world are scratching their heads and trying in futility to save face against waning markets and negative interest rates that have taken Europe by storm and seem to be spreading at a clip rivaling the Zika virus. So why is S&P rallying? As Keynes himself said, "The Market Can Remain Irrational Longer Than You Can Remain Solvent". With the overtly bearish momentum this year to date, a proverbial 'dead cat bounce' was due. But that's all it is. One of the prime directives of trading is to trade with the volume not against it. This recent buying volume is still paltry with respect to the selling volume which drove the market down. Timing is everything in trading. When can we expect a turnaround? If we take a look at the chart of SPY and apply some fibonacci analysis, we see a bearish butterfly pattern foreshadowing another bearish turnaround. If you apply fibonacci time slice analysis, you see that we can probably expect this to begin as early as tomorrow or to even by market close today. The RSI seems to hint that the market is becoming overbought at this point, and we see a macd cross starting to form at 1 hour intervals. The OBV is still indicating positive pressure which indicates now is not necessarily the time to enter a short position. This is confirmed by the Aroon and ADX indicators as well. Wait for a big bear candle tomorrow or by Monday, 2016-03-07. At this point you can set a stop loss at the base of that candle and ride the trade down to the 0.5, 0.382, or 0.236 levels drawn out.
AMEX:SPYShort
by quantguy
HKDEUR descending triangleA nice descending triangle with 7 touch points. My backtesting has shown me that often the oscillations get closer as the triangle gets closer to its apex, and we see here that this behaviour is very strong. The key here will be the open of next weeks trading, where we will see whether it will break above the descending line and ruin the triangle or if the market will start in a downtrend and move towards the support line. If there is another move towards the support line I expect a break and will go short. (I am currently testing profit-taking at previous structural forms.)
Short
by olly_price
7
Short on EUR/NZD SELL SELL SELL Overall bias is Bearish -Firstly we have bounced of key level of 1.7000 -we have broke trend line based off 4 hour time frame -We had a small retest -I do believe we will break previous lows -Previous four hour candle was a bearish hammer -A lot of wicks to the upside Off the daily -We can see huge wicks to the upside on the Ket level -Yesterdays candle was a bearish engulfing -We also had a triple top so overall i am bearish on this pair All the best
Short
by ARFXC
1
Long on CHF/JPY BUY BUY BUY !!Reasons for -Long term downTrend Which has been making Lower lows And Lower HIghs And i feel like weve made a new Low at a key area and are ready for a small reversal and correction before we see any more bearish movement -We have hit two KEY trend lines and have shown support and looking like we are getting bullish momentum -As we can see by previous candle we got a bullish engulfing which signifies Momentum -Altho going long is risky as its counter trend i am willing to take the risk and enter long as technicals all play out and looks like a great time to go long to catch the correction you cold possibly wait for a retrace before going long but that for you to decide :) Also my EUR/JPY setup is exactly the same as this they both correlate so maybe split up the risk between the two or pick one of them My entry price 113.85 Remember this trade is Risky simply because its counter trend Happy Trading LOOK AT OTHER SETUP THAT SWITCHES WITH THIS :)
Long
by ARFXC
Uptrend Force Makes Breakout LikelyBitcoin has smashed back into the new "downtrend line" from ATH. This 3 day uptrend is a solid trend continuation of the previous 3 day uptrend after a nice correction down to the $360 area. At this point the uptrend has serious momentum just starting. ADX has turned up, CCI is just above 100, and MACD histogram is accelerating into positive territory while the MACD line is trending up from the 0 line. Basically we've hit this "downtrend line" with such force that it's likely to break. If you're long I would hold as long as you can to see if this breaks. If you're not in a position I would wait for the break to happen before going long. If you're short: stop shorting uptrends :D Keep in mind this 3D chart can have some volatility on the lower timeframes, so I would make sure the uptrend is clearly over before going short if this "downtrend line" proves to have any worth.
BLong
by bwy
1
Short On AUD/USD SELL SELL SELL !!!Reasons for -Firstly on the four hour we are in a area of congestion and sideways -We are making lower high -we have bounced of major long term trend line on the four hour with a Bearish candle -Previous candle was a doji -Also we created a corrective structure to the upside and we have broken it -So we are ready for the next impulse move to the downside -Not only Price action is bearish but also wave patterns are showing bearishness these two together a deadly combo! -We are also trading on the 0.5 FIB level on the lower timeframes Daily -On the daily we are bearish in terms of trend (We are down trending) -This recent move up could be a correction before we see anymore bearish movement and building up steam for a big move down -On the daily we rejected the 0.618 FIB level which shows us the retrace or correction may be over and ready for some bearish movement again -Of course the lower highs are more seeable on the daily (clear down trend) -Also on the daily we got a tweezer top a sign of reversal :) On the weekly -Once again we are down trending the trend is your friend -The past two weeks have been DOJIS on the weekly now we are at a strong trend line maybe time to get bearish candle ? to signify the down move -On the weekly we are getting lower lows which is great but this is more of a long term view Overall im bearish across three time frames i do believe we need to go lower if we do want to see any bullish movemnt if it does come but thats for the future at the moment i believe AUDUSD next level will be 0.7000 Then possibly lower but for now 0.7000 is in sight after we had the Last impulse and corrective structure i think its time for a big bearish move All we can do is wait and see :) My entry 0.70904 1-3% Risk Per trade Trade safe all the best :) If you liked this analysis and Setup Follow and give thumbs up Also id love to hear what you guys think of the setup :) Wishing everyone a great trading Week :)
Short
by ARFXC
8
Long On EUR/GBP BUY BUY BUY !!! (RISKY SETUP)Reasons for -Firstly we have broken a strong trend line -We have bounced off 0.5 FIB level numerous times and its held strong -The previous 12 hours (3 candles) have been engulfed by this past candle -This shows us momentum to the upside -We made a new high and i believe we will test that high if not break that high and make a higher high -We are also up trending On the daily -Yesterdays candle was a bullish engulfing -On the daily the bounce of 0.5 Fib level is more evident -We are very bullish in terms of trend -Yesterday we bounced of a strong trend line a sign of Trend continuation Weekly -We are clearly Bullish on the daily -Currently breaking weekly trend line So the reason this setup is risky is simply my entry is abit late would of liked to got in 16 hours ago but never mind Lets see how this one goes we still have a decent entry All the best with this setup guys My entry 0.78095 1-3% Per trade ! Trade safe :)
Long
by ARFXC
4