The nifty index fall from 10150 to 9850 some dead cat bounce or pullback may happen.
Woke up this morning and MAID was one of few coins not a 24H high, but there is a nice consolidation in play for the next couple of hours that will see it shoot to 15000 over the next 6 hours IMO. Got some good people telling me this will be good in the long term at Beta and Release stages but for the moment there is a short term opportunity Need to be quick on...
I am currently looking at a good entry point for a long position
Ripple is doing higher and higher lows after consolidating for a long time. This is creating a bullish trend-channel as you can see. Short-term there is a rising wedge with the fibbonacci retracement.
Macy's has been in a bearish downtrend since late 2015. Although the overall trend is down, the stock does cycle up and down throughout the trend. On May 19, the stock bounced off support and should slightly cycle up over the course of the next month and a half. This is the first indicator the stock should move up. With mixed earnings from retail out of the way...
Teck Resources has been in a clearly defined downward trend since November 2016. The trend does however cycle up and down very well. Currently the stock is at the bottom of the channel and due to rise for the reasons in this article. When we take a look at other technical indicators, the relative strength index (RSI) is at 29.9555. RSI tends to determine trends,...
PRZ at 1.06088 Stop Loss at 1.05889 Target 1 Fib (0.382%) 1.06333 Target 2 Fib (0.618%) 1.06512 Trade management move stop loss to break even when target 1 is hit or split your trade into 2 lots and take out 1 lot at target 1 and let the other one role. The pattern is valid as long as price does not go beyond time fib 3 marked with a red vertical line on the...
Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI...
Potential Bullish Bat pattern EURUSD 15m. Completion at :1.0597 Target 1: 1.0632 Target 2: 1.0654
USD/JPY short term trend follow strategy. Strong pullback , strong support level , strong trend line, pivot point rejection. 75-80% probability.
This trade aims at the short-term rebound from the historical low. Since June 07, short-sellers initiated a selling force to test JD's the 52-week low. The price was driven down,but no volume followed. However, when the price was reaching the 52-week low, there are people collecting the dimes, on June 16. Maybe the short-sellers were covering here. I think it...
EurUsd market at this stage is looking biased for Bulls atleast for the short term or intraday trading. At this time as I publish this one liquidity is not enough in Asian session tomorrow as the liquidity picks up we might achieve our targets. I don't know much about findamentals but technically market is gathering for a bull move may be after FOMC minutes...
The AUD has been weak, and the NZD has been strong, which has caused this drop. We could be expecting retrace to the 50% line, especially considering that there is divergence with the MACD. Also, we have an upside down head and shoulders, so there are lots of things pointing towards a 2-5 day ride up.
If you look at TLT volume and direction, same UVXY and SPY... looks like today's drop is a flag, not a trend day. It's prob. not really time to go short yet.
This is a typical support/resistance setup. Buy at $7.23, with profit target of $8.00. High risk with $6.80 stoploss. Short immediately if price breaks $6.80 stoploss.
Oil is continuing to follow the pattern of the March 2015 movement. The Green lines here representing a perfect clone of the trend line from the low of 13th of January 2015 all the way to June 6th. Which this run from January 20th 2016 has held up amazingly similar. You can also see the H&S pattern from that time in 2015 being perfectly alike the 2016 H&S...