4/05/2017 NAK AnalysisWith a gap down, the price of the action generates a break in the support of the trendline, this may mark the beginning of lateral trend. Be aware of a bullish recovery and continuation.
Weakness
3/05/2017 FB AnalysisAlthough there is a bullish trend, there is a good setback, so be aware of an exhaustion.
EURJPY Short : EUR Weakness PlayA play on EUR weakness into the coming French elections expecting Resistance area to hold.
AUD WEAKNESSPLACED SELL LIMIT ORDER @0.75337 PREDICTING TRENDLINE RETEST AND FELL DUE TO THE WEAKNESS IN AUD AFTER RBA INTEREST RATES REMAINING THE SAME WHICH LED TO BEARS TAKING OVER. LOOKING TO TAKE PROFIT @WEEKLY SUPPORT .
Just wait for a strong engulfing patternWHEN YOU SEE THE STRONG ENGULFMENT, WAIT FOR A CONTINUATION WITH JUST ABOUT THE SAME STRENGTH.
I AM STILL SHORTING THE DOLLAR, JUST WAITING FOR THE PERFECT TIME.
2/05/2017 GE analysisAfter several consecutive days of falls after the break of the support, signs of weakening in the fall are beginning to appear.
28/04/2017 Nikkei225 analysisAfter a few days of maintaining a rapid rise in price, you begin to see small bulls and a first red candle, these are signs of pause or even weakening in the trend.
AUDNZD- Possible BreakoutThis one is simple. If the price breaks above 1.07087 and finishes the day (NYClose; 4pm) there, then this will be a confirmed breakout, which will result in further upside.
I'm looking for a breakout to 1.09244, or a retracement to 1.05718 based on fibs.
Trade Safe.
AW
Gold short openedGold showing signs of rejection from supply level, shorted as further dollar strenght is in sight.
Gold tried a weak restartGold attempts of restarts.
After the breakout area of 1,300$ -1310$, this commodity tries to reconstruct a new start up.
We provide these indications the price movements, indicating a weak reconstruction of long positions in the area 1,250$ -1,270$. The exponential moving averages converge in this area, providing a second but important signs of this weakness.
If there are new movements upwards, a major obstacle would be represented precisely from the old breakout 1300$ -1310$, where a good part of the operators would try to implement new sales.
Obvious weakness in silver...Go shortObvious weakness,as the price fails to advance above the 0.382 level.
Obvious lower lows and downtrend.
Close long positions and sell.
Dow Jones: 9/9/2016 Down -394 pointsThe Dow Jones Industrial has fallen -394 points today. Fundamentalist say it's FOMC Member Rosengren, CNBC says "Nothings wrong, look away." and the charts tell a different story.
My Analysis: Clear Head & Shoulder (or Double Top) pattern. Accelerated break through 50 Moving Average down to a proving upward sloping trend line.
Based on price we should bounce off the trend line or 18,0000 if price decelerates. The 200 moving average and 17,310 are next proven targets for support if it continues. At the moment if it slows down on this trendline or 18,000 expecting consolidation.
On the other side if it breaks 18,000 It could pull back retest it as Resistance and continue lower.
Make sure your analysisng markets from a place of non-bias views.
Nifty is SHORT Nifty ,made a bullish bat harmonic pattern on 15 minutes time frame charts . whereas on daily charts it made a sandwich candlestick pattern indicating pain in Nifty . though 8850 is a crucial support . THose who are long should square off their positions . Short seller to hold the position in order to make ample profits.
DAX 30 SHORTI'm not convinced by this bull run. I think stocks are overvalued overall and the fundamentals are weak. I believe this month and/or next month will be a very bearish one. Honestly I expect to see a full crash sometime very soon. But I won't call the top without sufficient evidence.
XBI global rout imminentThere's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW.
You should hedge properly, VIX will be back soon.
*Election year is Biotech Year*
NZDUSD LOOKING FOR 3RD WAVE DOWN AFTER CLEAR 5 DOWN 3 UPI am tracking NZDUSD, because of clear 5 waves down (bearish signal) from highs and 3 waves up (correction) to arround 61,8% and previous wave 4!
DXY IDEADXY LOOKING LIKE ITS SETTING UP FOR A BREAK OF THE RANGE (AWAIT PRICE ACTION). SENTIMENT IS NOW TURNING BEARISH AFTER JUNE NFP, STUNTING GROWTH IN THE ECONOMY.
ON BREAK OF RANGE EXPECTING A SHARP SELL OFF TO 200MA (YELLOW)
USDCAD BIAS SHORTUSDCAD FULFILLED -27.27% FIB LAST WEEK
1.31000 AREA SEEMS TO BE ACTING AS STRONG DAILY RESISTANCE ALONG WITH THE 200EMA
DXY SHOWING SEVERE DIVERGENCE TO THE DOWNSIDE
LOOK TO SELL UPON A PHASE LINE BREAK SHOWN
3:1 RISK REWARD TO KEY LEVELS 1.28300 AND 38.2% FIB
HAVE A NICE DAY
Conmed ignores recent rally and builds bear flagFundamentals :
CONMED Corporation, a medical technology company, develops, manufactures, and sells surgical devices and related equipment for minimally invasive procedures
Technicals :
$CNMD ignored recent rally in $SPY, showing that it is relatively weaker. We are in major Head&Shoulders pattern with major support (neckline) at $36. Price has built a bear flag and break lower can lead us to this major support and probably break down.
Trade and Risk Management:
Break of $38.80 will trigger an entry Short with tight stop above $40. Potential target is $34.30
SPY we are in right shoulderOther sectors like $QQQ and $IBB lost leadership and $SPY is still hanging there. Still very choppy and range-bound with no real follow through. That is why, I will wait for reliable signal.
For me, it is break and close below that neckline $204.39.
Stop above right shoulder at $208.54, but for more active traders who want lower risks I would recommend $206.70 stop above 8/21 EMAs.
My first target will be $201, then $198.
