Wait for the pair to break the high and retest it before going in the trade. The retest on the previous high will also be in corelation with a fibs level 88.6%. Target 1 is on the next high on the H4 time frame wich is also in corelation with a fibs extension 1.618.
BTCUSD update: Price has pushed to 8020 without any bearish hesitation on the larger time frames in the 6950 to 7350 resistance zone. What happened to the C Wave that I have been writing about? If you look at my previous BTC report, I specifically explained that B Waves are TRICKY. I also explained that price had to break back below the 6500 area in order to...
BTCUSD Update: Nothing new on the new high front except for a new high of 7598. When markets trade like this, it is always a good idea to really zoom out to get a sense of proportion and risk. People ask me why is it that I won't go long if I am projecting targets at the 8k level? I realize when I answer, "Risk is too high" that is vague. So in this chart I will...
BTCUSD Update: 7530 all time high is reached as this relentless rally continues. The question is what is how much higher can it go? One extension is taken out after another. The next price target based on an extension projected from the bottom of the most recent bullish structure is 8271 (the 2.618 extension). Yes it is hard to believe price can make it that...
I remember buying AAPL at 119.00 and I sold off my shares near 140-150. Another opportunity has risen. AAPL has broken out of a head and shoulders pattern. Also, the 50 MA is providing support and the coppock curve has a lot more room to move positive so this could be a chance to get back in. (If the stock does fall then it will probably fall into the top of the...
BTCUSD Update: 7350 all time high reached which is nothing short of amazing. The best way to participate in this market is day trading because IF this market continues higher, the risk will only increase. I have been mentioning it more and more in my previous BTC reports, this is a day trading environment. Why? You can find signals on smaller time frames, capture...
BTCUSD Update: New highs but on below average volume as it attempts to break out of the fake out zone at 6410. This new high and failure to sell off below the 6k level makes the alternate wave count that I have been writing about clear. What makes this new high suspect is the volume. If you notice, what has been happening in recent price action is a volume spike...
consumer goods company- crossed 200DMA on above average volume and also hit a 75 day high
EURAUD havent shown what we usually seen in this pair for continuation of the downside. It is currently consolidating sideways tightly (for the timeframe it's in). This indicate to us that a potential uptrend is likely on the way. Compare this with how the AUD is doing, this euro pair can go even higher. The Eurnzd can go down, if you look at the AUDNZD. The NZD...
Since Bitcoin just made new highs, we can expect Ethereum to follow suit soon. Here are two possible ways that Ethereum will climb up. My favor is moreso the blue arrow. The white arrows are a lower possibility of happening. But trading is a game of probability, take your chances :). My view for Ethereum is to reach previous high at least. But a new high is...
AMD has been pushing higher the last few weeks. It now looks like AMD will be cooling down before it attempts to push higher. I am confident it will push to new high before earning. I am currently waiting for it to hold the current level before confirming it will go higher. Trade with care.
Nice bull flag forming on weekly chart of IWM. Confirmation above $140 = new leg up. This is a long term trade. Don't watch it everyday.
Tesla stock has had massive gains in the past years, hence represented by this magnificent Flap Pattern which has been building momentum over the last 5 years.Tesla has officially broken out of the Flag, so its a BUY for now, But I would watch out for the RSI breaking out of the "bearish" motion and is reaching bad territories. Also, how high can this stock go...
NASDAQ:ATVI Activision Blizzard released "Legion" this year for World of Warcraft. As seen on the past view add-ons after the release we got a dropdown because the expectations were better than we got. At the end the subscriptions get lower and lower. Right now Blizzard delivered what they said, and sure not all is working well, like the PVP system a lot...
With EURCAD breaking a yearly high. The currency pair is currently the highest it has been since 2009. We can expect prices to go higher up from as long as long as the 1.55386 support regions holds. I suggest waiting for a retest then entering your positions if the line holds.