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Mid-term

CHK Ascending Triangle PatternCHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's existence. RSI expected to drop with price (yellow ellipse on RSI chart); personally expect move to about $6.30 (yellow circle on chart proper), then turn around for upward swing to $8.00 resistance level. If CHK can break $8.00, it can be a huge feast from there (possibly hit old $13 support level); it's a waiting game now. Wait for RSI confirmation and enter long around $6.50-$6.30. However, outcome of earnings has potential to make or break chart pattern.
CLong
by AtoHoward
Pre-Inauguration TradePre-Inauguration Trade should be much violent for any currency pair Especially USDJPY Furthermore, an upcoming week is full of important economic US news on focus. Without Japan's important economic announcement, it is likely that USDJPY will be mostly driven by US Dollar Index force. So, big opportunity Next Week! Analysis Expect Bullish Three Drives with 78.6% Retracement and 1.272% Extension Target Price 116.157 should be abruptly reached at or before January 17th while Expected quickly Drop to 112.400-112.700 price level just before Trump's Inauguration day At and after Trump's Inauguration psychologically think stock should rise to welcome new world leader, so reasonably corresponding to Bullish Three Drives Price Target at 117.500
Short
by bizbew
GBP/CAD - Breakout pullbackFor almost a month we had a breakout forming. For now price is holding at the top of the breakout zone. If buyers are willing to step in here we might see a bigger bullish move since there really is not much standing in the way in form of resistance all the way up to 1.81000. Things to keep in mind though: 1. Be careful with GBP crosses today due to interest rate decision. 2. Even though this is a breakout formation mid-term, long-term we are still in a correction after the strong Brexit-sell off. If this corrective structure hold, we will most likely see another attack on 1.70 and 1.67.
Long
by Sascha_Gogolin
6
DAX WEEKEND ANALYSIS - SWING As we can see in the chart the 50 EMA Is Lower Then the 200 EMA Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 EMA whit the 200 EMA which would mean we enter a long swing buying phase. Looking closer towards the 5 EMA and 10 EMA We took a long speculative position the current uptrend is long. Stoch RSI indicated a crossing on monday: this is when we enter a speculative long position with tight stop on monday. @ 9740 +/- to counter the sidewaymovement. Stoch RSI Is indicating overbought signs, RSI Isn't. This means we enterd a hard resistance zone. Potential upswing possible up until 10460. Profit entered the 5% Range Advise for short term swing longs: HOLD
INDEX:DEU40
by Childrenofmen
4
S&P TA Long Term Crisis PlausiblePure technical a market crash is very plausible, adding to that the bad economic news, the zoomed out consolidation market (which is a turning sign). Any major event this year (like for exemple us elections) could trigger the steep decline. But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit. This week the ECB launched there concerns for a market crash based on similar paterns combined whit FA news. L1 and L2 channel lows have similar paterns to 99 and 07 market (right before the crash)
SP:SPXShort
by Childrenofmen
Mid Term DAX ShortThe Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market. I do believe that this will cover the gap and then begin moving downwards. I have set a very short SL and have a very healthy 2.38:1 Profit/Loss Ratio. This is a mid-term position and should last approximately 3-12hours. TriggerTrading - Precision Trading
FX:GER30Short
by TriggerTrades
2
AMAZON Descending Triangle with Initial Target @ $313.91Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @ $327.09 should be watched as a reversal of the downward trend over the next few weeks.
NASDAQ:AMZNShort
by AB-TheRocketman
1