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Waitandsee

EURUSD false break EURUSD has given us a false break above an ascending pendant, indicating potential significant further move downwards, but is currently stuck between two very significant support and resistance levels. With the current fundamentals and potential for very heavy movements given upcoming news this week, will watch and see. If the price breaks below support at 1.0970, it is likely that will test the bottom trend line of the pendant and if it breaks, next clear strong support is around 1.0530.
by Taguspt
audcad is working on a divergence The pair has created a divergence with MACD, now price broke 50 sma in h4 chart and is aboove a falling wedge, this situation usually leads to a slow reverse, we have to keep our eyes on h4 and h1 timeframes before planning a long trade, pay attention to those red levels, they are the so called liquidity pool (look how strongly the price reacted to them even in daily timeframe), especially the lower one. If you decide to open a long use a break of the moving average with 3 CANDLES as a signal to close in loss, do not place a phisical stop loss because it could be hit by the noise of the market, set the upper resistance as a take profit, wait before opening a positions, analyze in h1 chart, as soon as the volumes increase the market will push.
by Dragon_Investments
GBPUSD in a critical areaThe pair is in a rectangle, we can see a strong rsi divergence which may suggest a possible upside breakout, the Cable needs to close an h4 candle above 1.2780 in order to validate it. in daily chart it s been formed the C wave (retracement from 1.30 to 1.2765) and now there should be a new wave 1 towards 1.30. If the price closes under 1.275 you can open a sell position with target 1.225. Pay attention to false breakouts and use some filters (for example moving averages) Use an appropraiate money management.
by Dragon_Investments
S&P500 - Alerts SetBULLISH SCENARIO - As the S&P500 failed to break below the neckline of a Head & Shoulder pattern, therefore the next bullish move will be to see if it closes above the next major Daily resistance of 2639.1 which price attempted to close above this level 3 times in the 6 days. If it closes above that level it will complete a series of Higher High and a Higher Low which will indicate a very big change of trend on a Daily chart. We will execute a Long once there is a Daily confirmation above 2639.1. Take profit will be towards the next major resistance of 2822.2. BEARISH SCENARIO - As the S&P500 failed to break below the neckline of a Head & Shoulder, therefore the next move will be to see if it closes below the 23.6% Fib level (2407.8). We will execute a short once there is a Daily confirmation below 2407.8. Take profit will be towards the next major support of 2184.7. "All technical indicators are lagging indicator derived from price. So that tells me to just watch and understand price." Kaz Team Fractal from the Kazonomics ecosystem signing off.
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by doncamilio
Yep, That's What I Thought...SMHSPY Not much explanation needed if you saw my last SPY post (attached). Welp, i'm thinking the area marked on the chart is the next test area between tomorrow and next Friday, depending on how it gets on up there. Not saying I'm going short there, just going to reevaluate if we reach that level, which was former uptrend support line lost, should act as resistance now. Maybe. I mean, I have SPX getting to around 3378 before turning down for a correction of more than 20%, so hell we may not even pause at this trend line. That level would put SPY at roughly 337.80ish before the next "Big One". Just spitballing a bit here, don't mind me. As I said, levels identified on chart, for now I'm in wait and see from there mode. Got enough gains from NFLX and BA puts from last week and from DOCU position today, so I'm in no rush to give it all back!! Hope you see green, happy hunting and GLTA!!
AMEX:SPY
by UnknownUnicorn1314136
Splunk Could Have A Ton of Downside Left...SPLK Shown is the lifetime channel of SPLK Splunk. As shown in the chart, it has been bouncing around near the channesl resistance for some time, and without in any way breaking its pattern could see the Mid 60's-70's. This represents a 40% drop. However, a catch on the uptrend support line and ride back up to the channel resistance represents about a 35% gain. Therefore, from this current position, it is still a watch and wait. If it loses support, I will short on the retest. If it catches convincingly on support, I will go long. I don't like getting in when its in that in-between stage. If you were short today, congrats on the gains. If you are looking to get in, might wanna look elsewhere until we reach key levels. Happy hunting and GLTA!!
S
by UnknownUnicorn1314136
Decision point for $HSYNYSE:HSY HSY has reached the resistance trend line in its current channel. That doesn't mean it HAS to go down now, it could very well bust through, or chop around just below for a bit. The Stochastic indicator is pegged out at 100 on the monthly, but can easily ride there for months to come. The daily and weekly Stochastic still has room either way. If it gets rejected over the next two days, I will initiate a short position using put options. If it pops above the resistance, I will attempt to play a pullback to test that breakout, then enter long. If neither of these happen convincingly, and it chops around right here at this spot, I will sit on my hands until it chooses a direction. Just good to know when a stock reaches a critical moment so that you can put alerts on the trend line and make your bet. Happy hunting!!
NYSE:HSY
by UnknownUnicorn1314136
DGB new trendLooks there's been a new trend-line established. DGB is a great coin, cheap right now. Seems like there are small spikes now and then, this I believe are the whales accumulating this coin. The spikes seem to come back down after the initial upwards movement, but a new floor is set every time. This of course has only happened recently as of late, and we should watch to see if DGB respects the trend-line. Take a look at the RSI pointing up on the 1h and the MACD seems to want to go above the 0 mark and on an upwards trend. I'm taking this time to accumulate this coin! I am of course not a financial advisor please do your own research. This is not financial advice. Best of luck, X
by dereckmezquita