IBM Testing Old Daily level 121.9IBM just tested 121.9, which is a daily level from back in 2010, having lost this level yesterday. It's in a downward wedge at the moment, likely to bounce off the top of the wedge or the level and come back down.
Technical-analysis
LTCUSD Technical Analysis 4hourStill looking for an entry. No confirmations of trend change yet.
Most movement has been lateral. You can see that in the Renko chart.
RSI is on a down trend
Updated Renko brick size to 0.72 using ATR 14.
LTC is still bearish. We need to confirm trend change before entering the trade.
Volume shows support around 48.38 which coincides with Fib at 48.25. If support is broken then we are looking to continue the overal bearish trend likely to 45.39 or 43.92
Aurora Cannabis Inc! Technical analysis into 2019!Hello everyone, hope you are well. This is a technical analysis on ACB.
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton, Canada.
In this analysis, we have 4 quadrants which show the accumulation and distribution cycles in 147 day periods.
After rejecting the 2018 highs, we did post a new HH, however we closed as a bearish engulfing candlestick on the weekly timeframe. Now that we are in this distribution stage, we have fallen over 50% within a 2 week period.
The .786 fib level is showing rejection, if we bounce and continue higher I see a further rejection from going higher near the .50 fib retracement near the $8.00 figure.
There is a gap that needs to be filled near the $4.00 region and this is where I will accumulate. Looking for March as the next interval to go bullish, time will tell.
Thank you
LTCUSD Technical AnalysisWaiting to see if trend remains up.
If so, will likely look for a buy opportunity.
Confirmation to buy:
at least 2 renko bricks (0.72 size) - I just readjusted the brick size to the current ATR 14 - This one is almost a must! it signals the trend change. A single brick can be deceiving so you need a second one to confirm.
Look for Stoch RSI going up on renko
Awesome Oscillator - crossing 0 upwards
Price at least above EMA 12, perferably above EMA 26
will come from
There is no magic recipe. You have to look at the indicators and make your best judgment. This is a probabilities game and it take studying and work to get into a rhythm.
EUR/USD Technical Analysis EUR/USD now is in critical situation. If want to see further movement to the upside, we need to break and retest the weekly resistance. Otherwise, Based on the structure, if we get a rejection zone to this level, we expect this pair to continue to the downside and get again inside the overall momentum range.
What are your thoughts about EUR/USD for this week?
Possible head and shoulders on the DJI Possible head and shoulders on the DJI, opening the oppertunity for a bullish upswing on a small time frame. In the big picture things still seem bearish, keeping in mind the recent interest rate spikes by the FED and the ongoing tradewar with China.
Resistance became support for BTC in 30min candelistcks for 15hHere you can see how resistance becamed support for BTC in last 15 housr ,this is pure informative , thanks !!
NZDCAD Inverse Head and ShouldersNZDCAD
1- Objective Inverse Head and Shoulders pattern
2- Objective four touches trendline in red which is also the Head and Shoulders Neckline
3- Demand zone and Daily Support Area rejection between 0.83 and 0.86
AUDCAD ready to buyAUDCAD H4
1- Channel break in red
2- Inverse Head and Shoulders in orange
3- Demand zone and Daily Support Area rejection between 0.9100 and 0.9200 in blue
NZDUSD ready to GONZDUSD H4
1- Objective Head and Shoulders Pattern in orange
2- Multiple Divergence on MACD in red
3- Objective Channel blue
CADJPY getting ready to shootCADJPY H1
1- Objective Inverse Head and Shoulders in orange Ellipses
2- Multiple Divergence on MACD in red
3- Round level rejection 85.00 in red
4- Objective descending triangle in purple with its Bow and Arrow
Waiting for a candle close above the gray zone to buy
VIPS - LONG Opportiunity by Abdolreza SadreddiniVIPS - Vipshop Holdings Limited has very good potential for long term profit if bounce back and close a daily candle above $7.10.
Obviously, the stop loss would be set under knee the lowest point and TP will be over $30.00 in long term.
Setting a buy stop at $7.10 would be a smart move.
Market Report by Abdolreza Sadreddini
$ICXICX in falling wedge and I expect a breakout upward. Price is close to 1D accumulation zone and the fractal on the left shows that last time ICX was in this price zone it broke upward for a 8% gain.
Gbpusd technical analysis Monday 22OctGbpusd on last Wednesday has already broken the small support line (red break line) at 1.3146. This has led the market to fall towards the first support of 1.3013 If the market manages to break the first support line, it is likely to reach the second support line at 1.2929. If the market shifts to the north instead the analysis is void. The second resistance can be seen at the point 1.3222 after the break support line acts as the first hurdle in the 1.3146 line.
GBPJPY Potential sellsDouble top formed at 4h price zone, price gaining liquidity with potential to push down through 4h zone to daily zone at 145.800 price region.
