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GBP/CAD🇬🇧🇨🇦 to bounce either from 50 ma or supportGBP/CAD🇬🇧🇨🇦 has been moving inside the Upward channel. After the rejection of the price by the Resistance the price is pulling back and if the 50 ma support together with channel's support we can drop. However , I rather expect the price to bounce from either 50 ma or channel's support. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
Long
by Alexander_Harford
1
EUR/CHF🇪🇺🇨🇭 to test the Resistance and pullbackEUR/CHF🇪🇺🇨🇭 After the bounce from the Support the price was rejected by the Resistance for the 3rd time. We have not seen a deep pullback yet , so as the Kumo clouds , together with ROC swing rejection suggest we can have another test of the Resistance. Nevertheless , I do not expect it to be broken even this time so I expect the pullback from the Resistance area. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
Long
by Alexander_Harford
2
How to Spot Blow-off Tops - ES1!Here are 3 blow-off tops and 1 failed attempt which all occurred in the last 7 months. Successful completions are marked in solid black. The failed attempt is shown in dotted black. On all 4 attempts, the price accelerated upwards to different degrees. Each target can be roughly measured based on the price move. Notice how the failed blow-off begins closer to a price bottom than the successful ones did. Volume was either steadily increasing or declining during successful blow-offs, compared to the unsuccessful attempt when volume was not clearly trending. ROC (momentum) was increasing with all 4 attempts. The blow-offs were successful when momentum was at 0 or positive at the start of each blow-off. Disclaimer: This is my opinion. This is not advice. Trading involves risk.
CME_MINI:ES1!Education
by ValkyrieBlue
SPX - Headfake of the Year - Part 2The current technical conditions are listed below: 1. The price has broken out of the blue pennant, but has not accelerated upwards, increasing the odds that it is a head fake. 2. The price has also broken out of the black pennant, and has also failed to accelerate upwards. 3. Volume has had an inverse relationship to price for the last two months, which is a strong bearish indicator. Volume leads price. 4. ROC has had a direct relationship to price for most of the last two months, but has diverged sharply over the last two weeks. It is now hovering just above zero even as the price closes at new highs, which is very bearish as well. 5. The red line is an area of long term resistance that has existed since September of 2018.
CME_MINI:ES1!Short
by ValkyrieBlue
One More High for Nasdaq?Nasdaq 100 futures appear to be setting up for a head fake of the pennant in progress since July. While this could potentially be the beginning of a major breakout to the upside, volume in recent weeks has continued to fall as the price has risen. Additionally, ROC indicates that momentum has not reached levels to the degree of previous attempts at the same price level. Combined with background data about the recent reversal of funds flows to equities, the breakout probability is distinctly bearish. A head fake to the upside should be expected but is not essential. If a true upside breakout occurs against the odds, it will almost certainly be accompanied by a substantial increase in volume and momentum. Disclaimer: This is not advice. This is my personal opinion. Trading involves risk.
CME_MINI:NQ1!Short
by ValkyrieBlue
Everything is so Greeeen (Not for much Longer)Just like Mel Brooks' cocaine high, all this green won't last much longer. - Volume has been showing an inverse relationship to price recently, a bad sign for bulls after the strong summer uptrend. - ROC is still under the zero line even after today's rally. Upwards momentum has not reappeared and should not be counted on to propel the price higher. - The price seems to be forming a pennant starting at the beginning of September. Everyone and their grandma can see it. The target it creates around 3500 is just too obvious. If we do end up reaching the top of the pennant I would suspect a head fake at the very least. Odds are, we won't even reach it. THIS IS MY OPINION, NOT FINANCIAL ADVICE. TRADING INVLOVES RISK.
CME_MINI:ES1!Short
by ValkyrieBlue
EUR/USD to test the 1.1729 fib lvl+0.44% on EUR/USD🇪🇺 🇺🇸. The price climbed above the 0.618 fib level.According to Stochastic ,RSI and ROC overbought the price is going to decline and test the important 0.618 fib level. If the price will be rejected then the price will finally breakout from the triangle and set up above the 1.1729 If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section.
Short
by Alexander_Harford
3
AUD/USD🇦🇺🇺🇸 to rise and test the 0.7205 level!+0.98% on AUD/USD🇦🇺🇺🇸. Taking a closer look we see the breakout from the symmetrical triangle after the bounce from the local resistance that turned into support. As the ROT swing suggest the price is going to rise up to the area of 0.7205 where the pair is going to test the strong resistance level ! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section.
Long
by Alexander_Harford
2
EUR/NZD 🇪🇺🇳🇿 to fall and bounce!EUR/NZD 🇪🇺🇳🇿 has formed the broadening Wedge pattern. The price has recently been rejected by the bottom upward trendline , however as the death cross suggesting the price can possible test the area again after which , according to the ROC divergence and stochastic crossover the price is going to rice up to the test of 1.76985 lvl with the possible further growth. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section.
Short
by Alexander_Harford
5