Short GOLD in 1H ?Harmonic pattern on the way. The retracement CD will need to go above the B mark. Then, it will probably hit the yellow trendline at D (1835) . Take the trade when it is ABOVE the mid line red on the pitchfork . 200 and 100 EMA confirms that it will probably go short again. However, don't forget that it will go LONG in longterm.
What you guys think? Let me know in the comment.
good trade!
Short-mid-term
BTC/USD Bearish AnalysisMy analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was a little off but for the most part that's exactly what happened. This is just to reiterate what I said yesterday: if the price can't break past 9.4k and stay, I don't expect to see any significant price increases.
Yesterday (6/20) ended with a green candle which could be a reversal signal, but we've just ended today (6/21) with a red candle with a larger body than yesterday's. So far today's candle (6/22) is starting off strong with a green candle with a very small lower shadow. This could mean that there isn't nearly as much selling pressure compared to the last few days, which could be good for bullish activity, but again, the price has to break through several levels of resistance. That being said, it doesn't look like there is significant resistance between 9.6k and ~9.75k. Breaking through 9.6k could result in a rally straight to 9.75k - 9.8k.
Overall I will continue to be bearish (short - mid term) until we start breaking through areas of historical (within the last 2 weeks) resistance. The more we bounce off these areas of resistance, the less likely the chances of the price having a significant upward spike. This also applies for spikes to lower price points, but as it stands we are having a lot more trouble driving the price up than down.
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)
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
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.