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Rally

CIG - Cup & handle formation break-out Long from $2.87 to $3.67 CIG seems breaking out a cup and handle formation, also broken out long term resistance. Moneyflow is strong, and also has support form the moving averages. We think it has good upside potential & it can go all the way to $3.67 or higher. It was send through our intraday alert. * Trade Criteria * Date first found- February 15, 2017 Pattern/Why- Entry Target Criteria- Break of $3.10 Exit Target Criteria- 1st Target $3.43, 2nd Target $3.67 Stop Loss Criteria- $2.87 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:CIGLong
by AcornWealthCorp
Gold - More Upside coming?Gold has proceeded to push past the 1212 mark which, at one time, was very significant. It has continued its uptrend and at the moment is forming what could be either a double top or simply a continuation candle that will form a higher high. Do have patience and wait and see, the NY rush hour on Monday will be very telling. Also keep an eye on the USD Index, If USD heads down, Gold and EURUSD usually go the opposite way. Choose one and don't over leverage. I am biased toward the upside, as it is quite evident from the chart. Nonetheless, there is no absolute certainty in trading, so trade carefully and good luck to everyone!
OANDA:XAUUSD
by SageFXTrading
VIRT - Possible flag or breakout Momentum trade from $18.57 VIRT seems breaking out its long term resistance forming a flag formation. On the weekly frame it seems breaking out of a downward channel. It has strong insider buying, Strong Moneyflow on weekly chart and above all moving averages supporting this Long trade. * Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Flag formation, Breakout of Long-term resistance. Entry Target Criteria- Break of $18.57 Exit Target Criteria- Momentum trade Stop Loss Criteria- $16.87 (Note: Trade update is delayed here.)
NASDAQ:VIRTLong
by AcornWealthCorp
EURUSD - My thoughs for the week.Hope everyone had a nice weekend, we are now back to what could be a very volatile year with Trump as president, which is good for us traders. Based on the weekly chart, the EURUSD broke new lows at 1.03400 on Jan 3rd creating a lower low. My sense is that it may continue in that direction. The EUR is now at what I would consider a local S/R line. If it does break up, I will enter a long position after a retest or a clear signal and then target key resistance at around 1.08500 to exit. That will also be a very good point to look for a clear signal to short. If it breaks down, I will also wait for a retest and enter a proper time and place. Overall, I feel that EUR is still in a downtrend. Good luck to all of you.
by SageFXTrading
4
US Oil - Key Support. Buy Rally...?Nothing in trading is a certainty, but there are times, when given the circumstances, there are things that have high probability. Though the weekly chart is down, the Day chart is on an up trend since Feb 2015. Oil looks like it is in a Key support range (blue zone) and my thought will be to buy when there is a clear signal of reversal. to retest the high of 54.00. There is also the 38.2% Fib within the Key Support zone, so I will look at around that area for signs of possible reversal. Good luck everyone!
TVC:USOILLong
by SageFXTrading
EURUSD Potential Rally?It looks like there could be the possibility of a rally for the EUR. If that is the case, I will wait for a clear signal to buy if it dips back down to 1.05300. I will make an assumption that it will rally up to 1.07200. I might take a counter trend trade at that point. However, if it breaks the 1.07200 mark, then the next logical resistance line is around 1.08700. Thus far, at this moment, the trend is still down, however, my bias is somewhat fragile as there seems to be good momentum toward the upside. This is my humble assessment thus far.
Long
by SageFXTrading
3
Bitcoin likely breaks $1,000 - PT is $1,030 SKY IS THE LIMIT!!Call this premature but hey, Santa just keeps on giving! Positive karma and white rice carbohydrates will fuel this sucker past $1,000! Congratulations to all of us who have held firmly in our love and use of the ONLY REAL CURRENCY CLASS LEFT ON THIS PLANET!!! Yes, I am assuming it breaks $1,000 BUT HEY, if you doubt it now, you aren't paying attention!! Using rough measure rule next price target is $1,030 but really anything can happen... ... we will dip, and we will rally, but this time next year you will dream of a chance to buy three digit bitcoin!! If we dip now, so be it, after all you must seperate the wheat from the chaff!
BITSTAMP:BTCUSDLong
by Kantardziski
1
Guesstimating the top of this rallySo, the kingly discipline in bitcoin, aside from estimating WHEN a rally might start, is of course predicting the top of the rally. I should add that I think it is utterly improbably to predict anything at all with a high certainty in bitcoin, since bitcoin is so young and we don't have enough data. But I'll try anyway :) I looked at the previous rallies and estimated when they started. Even telling when a rally starts is pretty difficult. Does it start with the first green candle? Or with the first big green candle? Or when the Stoch RSI reaches 80? 90? 100? I looked at the timeframes when the Stoch RSI hit 100. Because when it did, it stayed like this until the top was reached. The first time on this chart in 2012, staying at 100 for 2 months and 1 week. Again so in April 2013. In november 2013, much shorter, only for a month. I think since we already ar at 100 Stoch RSI since the end of november, and the rally wasn't exactly too impressive yet, this will be a longer one, 2 months and 1 week. This would put the top in the timeframe of 7th of february. This would also be in line with the RSI which is still in the 80s, and probably will hit the high 90s in early february. As for how high it will go, I can only guess that since this rally is still pretty moderate from the price-increase perspective, it resembles the 2012 rally the most. This would put the top in the 2k price range, with a maximum of 2200. But since this is bitcoin, it might of course overshoot to 3000, or "only" hit 1500. But the likeliest target is around 2k I'd say. After that it will do the bitcoin dance we all love, crashing down to 1000 again, and bouncing around until the start of the last rally of this bull cycle. I gues this will happen in late 2017 with a top of this bitcoin historical 3rd wave in the 8k - 10k territory. I hope this helps, enjoy the ride and be prepared for everything! :)
BITSTAMP:BTCUSD
by SebastianofMoon
2
SPY - Double Bottom on Two Cycles - AH Breakout? SantaRally?If you have followed or seen my other recent SPY charts you'd know that I have maintained a bullish outlook in the face of a primarily bearish sentiment that has seemingly permeated the hearts of most traders... It seemed like a reversal was coming in the usual manner but the bell tolled and we barely moved, however (as I said in the usual manner) it began to rally afterwards... Indicators began to turn, things were looking a little more rosy... It seemed to have diminished thereby losing my attention to bitcoin which has had a pretty solid day or two (if you are long), actually, its had a solid year but I digress as usual.. This is about the TVC:SPX and its index ETF the SPY! So back to my point, all of a sudden I hear my computer turning up the fans quite dramatically, as my pants were still safely on and belt secured the only other option had to be a rally of some sort... or a catastrophic sell-off but no... it was my old friend the SPY... all systems were a go... finally, redemption, how could I have gone on knowing that the three people (generously 3, likely 1) who actually read my descriptions would go on thinking I am a total n00b who doesn't understand the first thing about technical analysis, charting, and the origin of Mr. Elliot Wave himself... I still cant get over how well his lastname fit his future theory.. Well, I may just be making it worse because as I had written this, it got quiet again... However as an eternal optimist I will publish with the hopes of my reality becoming our reality... The lightning bolts mark the double bottom, while the indicators are just silly.... Take note of the volume profile and the potential breakout as it had been steadily descending since the Dec 14th... Let me be clear that I like volume to confirm formations and therefore The flag may be more of a symbolic gesture than the technical formation which may in actual fact be a more triangular in nature (not flat bottomed though) Merry Christmas!! Good Luck & Happy Trading
AMEX:SPYLong
by Kantardziski
Bitcoin - Super Breakout - Next Target $880 USD - Measure RuleThe time has finally come! I have been waiting for a near vertically rally, and likely so have you! Our patience has been rewarded with a strong breakout! Using the measure rule I give a new PT of $880 USD... Momentum has been huge, since June it is the third strongest, the second being in August.... Good luck and soon we will be in the four digit range --- I don't know about you but I won't be looking back anytime soon! Pink verticals are the same length, duh!
BITSTAMP:BTCUSDLong
by Kantardziski
1
S&P 500 - SPY Extremely Bullish Indications - Multi ConfirmationI have been operating on the assumption that the Dow Jones TVC:DJI will reach 20,000 as it certainly Makes America Great(er) Again(Than before 20,000)!!! *insert charming sentence about the interrelated...ness'... of markets* Thus the S&P 500 will likely also rally... that takes us to the end of the macro (arguably still mostly technical) analysis portion, thank you for your patience! Technicals have been setting up another bull-run. I've linked to yesterdays post based on PCRs that are showing extremes... i.e. today the OEX's Put/Call Ratio PCOEX is at .276 (This is the cagefree-shark-diving-with-chunks of-raw-meet-tied-to-your-body degree of extreme...ness'...) --- Also, the SPX Put/Call Ratio PCSPX is sitting at a 1.624 --- Please don't ask which ones are contrarian, seriously... If you saw the chart published yesterday that I have linked to this one, you would see that I had included a pennant, and flag version... I now conclude that multiple TFs have validated and confirmed it to be a rectangle, which was my thought all along. Many folks post without extended-hours included and thus base their judgement on an incomplete data set... It is crucial to include and analyze as much of the picture as possible! Some will have you believe this to be a right angled triangle (flat bottom, descending top) but in my opinion that is a stretch, if even an option due to the nearly zero touches of the proposed support... Check this out for yourself, drop a comment or two! You want more bullishness? More than 2.5 billion shares have advanced in last 36 hours across US equities markets... Most of which did so today... While I could list many more, that would leave no work for you intrepid technical detectives of sorts... quite frankly I couldn't sleep knowing I was such a selfish taker'... Ironically my wife sleeps quite well. Oh, nearly forgot... you may be wondering about my wave analysis... self-awareness is crucial in trading, and well, I didn't leave out "Elliot" by accident... Infact, I was trying to not use the word 'analysis' either but my hunger has overtaken my desire for grammatical accuracy... I have great respect for EWA and those who have mastered it, the only mastery I have related to EWA is a mastery of knowing I know very little about it... Despite the obvious ring to it, I am afraid that really isn't a mastery... Nevertheless, based on some of the Elliot Wave Analysis I've seen from the TradingView community you could very well confuse me for Mr. Elliot Wave himself... relax, I am obviously kidding... clearly I'm nearly entirely half joking. On a side note, what are the chances of such a well-suited lastname? This must be why one school of thought has always credited the theory to his parents, they often bring up the 83 months it took Elliot to successfully pass the Grade 2 English and Math literacy examinations (Knowing the first five letters in the alphabet, counting to to five, sometimes counting to five and being told to start again but count up to two less than last time... Sometimes combining the two, i.e. Please count to five and then say the first three letters in the alphabet)... If you ask me, this is a bunch of total b.s.! I digress, please consider my wave counts as you would the previous paragraph - If by some minuscule chance they are correct, the implications would imply the start of a massive rally... aka you would want to go long, and stay long... The counts did not contribute to, or affect, my sentiment and analysis! P.S. Please feel free to leave a comment or five, this is a community after-all! ... I am fine with constructive criticism, destructive criticism, compliments, personal insults and even childish name-calling....just PLEASE have some sort of opinion, and whatever you do, don't be a fence sitter, I hate fence sitters!!!!
AMEX:SPYLong
by Kantardziski