Russell says "Meh" to the others rallyRussell 2000 is showing a MEH attitude and holding on to a target of 1328.75
Failing to rise like the other three indexes. Russell seems to be the turtle in the family at the moment.
Priceprojection
NASDAQ up on wishes and prayersNASDAQ price projection is showing for 8035.5 on the hopes of resolutions to the trade war and FED rate cuts.
If we do go for it. And can't break this barrier (yet again). It is going to hurt going down.
Heading to the floor of 23344? Looks that way.Greetings all.
Ready for the bears to prowl?
The orange highlighted zone is the original S/R from 2018 until the December break down created a new floor.
It appears we have tapped the roof 3 times now. Since we couldn't break through it (with the help of a tweet on May 4th and a trade war). We are heading back to the floor.
Well, we need to move in one direction or another!
So...caught within the S/R range highlighted in the chart, we have triggered for a move to ~23649.
FIZZ in the newsCNN has an article on how sales are slipping.
Caught my attention so I ran a quick price projection against it.
The next 9 days is looking for a price between $39.60 - $38.62
The oil bearsIt was the tweet heard around the world on May 4th and it impacted all the markets.
Oil has been no exception. Oil has gone bearish.
30 May gave us an engulfing bar. I was hoping 31 May would provide us with a adjustment bar but it can’t (given the time of this comment, it has already broken the low) - if anything it will give us a locking bar.
The current price projection for WTI is $51.06
Given the distance to travel and that the price is currently out of the channel to the negative, it is to far from its averages. I would expect a stall to occur before prices begin moving again.
I anticipate that we will see $51 in the next 8 days.
$BTC: One final push upside, 33% correction, then rip to $11.5k!Dear all,
Enjoy this chart. All details are in the chart, showcasing the confluence of bearish indicators for the 33% correction within this BULL market.
In summary:
1- One final push to the upside (9.8-10k levels) this week
2- 33% correction to the 50% fib in June
3- rip to $11.5k in July/August, after the RSI and Stoch RSI have cooled off to oversold regions
Projected price action is in light blue on the chart.
Cheers,
Leb Crypto
Not much left on the soft down sideStuck in consolidation.
Fell back into second layer of S/R
Price projection is showing between 51.17 - 51.07 for a bottom price.
Weakness and contentionSince Jan 9th oil has been trading sideways.
It has generated 2 S/R levels.
The first it generated was 53.29/49.71 and the second between 54.29/51.88
At this time there are no triggering effects for directional movement in either direction.
On January 22 an engulfing bar formed with a negative close, this bar gave hint that it was going to take the prices negative.
There is now a shallow pricing target of ~51.60. This is also where the 21 MA is sitting (approximately). Prices might be floor testing (using the 21 as a floor) given the amount of weakness currently in the prices, I would venture to say it is just floor testing.
However - we do have a couple of indicators who have crossed and are suggesting short sales.
I will keep you updated. However, I am going short for the moment.
Short AUDUSD due to engulfing barThe AUD is showing major weakness while the USD is displaying equally major strength.
This is the pair with the highest indication of shorting.
Then today, we got a present in the form if an engulfing bar.
January 24th presented an engulfing bar.
This bar has a projection value of .69545 or (-.01385)
The daily ATR is ~.66 so it would be a little two days of uninterrupted movement.
Roughly Tuesday/Wednesday of next week.
Re-development of range 1.12798 - 1.1122The technicals are lining up within the charts to revisit a historical range.
In the last week of May, first few weeks of June 2017, the pair traded between these levels for five weeks before breaking up.
Looking for a retest of these range for a few weeks.
A negative break down (around the time of the next Fed rate hike?) will send the pair to around 1.0825
BITSHARES YEAR END TARGET $3.00-$3.50! %1200-%1400 Profit!
Bitshares looks ready to break the correction phase of wave #2. We have completed A-B-C-D of the correction phase (also coiling pattern, or triangle). There is still the (E) touchpoint that has yet to complete, but also, may not. We could simple break out of our triangle here at (D) and continue upwards.
Either way, this is a long range projection target. Wave #3 would take us to about $3.00.
Correction wave #4 would bring us back down to about $2.20.
Final impulse wave #5 would then take us back up to about $3.50.
All of this should occur before year end.
Also, it is worth noting, should we have a major hack on a centralized exchange (more likely than not), decentralized exchanges like Bitshares will become extremely popular, increasing the probability that these targets will be hit and exceeded.
Happy trading my crypto friends.
