Massive Cup with Handle to 2.5k Meme-ality.* IMPROBABLE BUT FUNNY*
This is a crazy idea for a massive cup with handle. High volume on the extremities and low volume throughout the 'cup'. A TON of assumptions made to make a handle on the cup and a ridiculous projection on the possible breakdown form that handle point puts us at 2.5k. When plotting this I thought it was too funny to find a possible path to the 2.5k meme often spouted on WP.
With
GOOG: AlphaBet AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on SandP too, next chart
There's resistance at 1064-5 in very near term - may get a last
chance to buy from lower as it hits this level very soon now. Look to buy the dip.
Upside about 118 points, downside 20 from here.
GBPNZD Long, Double Bottom rejecting the 50 EMAHi guys,
another day another trade. Quite alot of setups this week so far. Today I'm going to put an entry order on GBPNZD.
Price pulled back and formed a double bottom, rejecting the 50 EMA aswell as the 0.618 daily fibonacci retracement level.
As of the time of writing this price has'nt closed above the daily 0.5 level yet, if the day should close above it would be the icing on the cake.
I will put an order shown as on the screen. My risk per trade is 1% of my account size.
Happy trading
BTGUSD Reverse Head and Shoulders with minimum upside to 189BTGUSD
Yet another, smaller reverse head and shoulders pattern with
a minimum upside target at 189. Look to buy dips back to the
dynamic support line running under price with stops below the
same line and run to 188.
Ethereum: ETHUSD Near Term Upside Target 1250ETHEREUM: ETHUSD Reverse Head and Shoulders with 1250 minimum upside target
ETHEREUM ETHUSD
The ETH chart shows a reverse head and shoulders formation
with a minimum upside target at 1250 exactly - which also
ties in with fixed resistance at 1251 line. It's tracking a well
defined dynamic and remains positive whilst it does so.
Tests of this line can be viewed as buying/adding
opportunities with stops below the line.
Gold XAUUSD Head and Shoiulders Top with 1284 downside targetXAUUSD Gold Head and Shoulders Top
Recent price action has created a head and shoulders top
formation with a minimum downside target at 1284. Lesser
support at 1306 may give rise to a 10 point or so rally before
the downtrend resumes. Whilst below 1328 gold will remain in
a very weak technical position
Bitcoin: BTCUSD Speccy buy here with tight stopBitcoin BTCUSD Update
A speccy buy in the 16480-16410 range with a stop below
16400 for small loss if wrong here. If it falls away further from
16400 will look to enter again later from lower down, from
15810 if touched.
It is trying to turn back up here and needs to clear 16652 and
hold above there to confirm that the trend has turned back to
positive from neutral currently.
DASHUSD New Buy Points with caution and stopsDASHUSD
Consolidating recent gains in a pennant: not as trustworthy as
a flag, though. The recent low was 609, exactly double the
price we paid at 305 some 15 days or so ago. Are you watching, Bitcoin?
Two strikes on the lower line shows 'hot', still. Now it has to
find enough buyers to beat the upper line of the pennant...
If it can mange this we can follow/add but because it's a
pennant am wondering how good the break will be if we see
it now. Folow the break but stick a stop under 624 in case it
fails...want to see a couple of big green candles emerge on
exit, therwise beware the break..(look at ETHUSD failed
break last time to study a failure...if you can learn to spot
thse in real time your whole outlook and trading record will
improve...not easy sometimes, buy others, it is!)
Be lucky. And alert.
Brent Crude Oil: UKOIL Buy point with 19 pip risk and 500 rewardBRENT Crude Oil UKOIL Update
A nasty failed break above the upper paralle lhas forced Brent
back to the lower parallel, the entry point was hoping for, so
am going long at 62.18 with stop under 61.90. And if this call
goes wrong and Brent breaks below the lower little parallel of
this flag forming now will reverse completely for fall to 61.12.
If it's going to rally as expected, it should do it from here (see
earlier comments for details)
Cac 40: Long-Pull long tradeCac 40 Long-Pull Long
This index continues to make positive technical moves: the
little continuation pattern that brings the index perfectly
back to the long term dynamic that had acted as resistance
for 10 long years since 2007 highs - it comes back for one last
kiss - right on a line 10 years old - it turns it into support and
fires northwards - classic stuff, even in a big index. And then
for its next bull move it rallies from the long term dynamic to
make a new post crash high and then comes back down to use
the previous major high in 2015 as support - again resistance
has been turned into support. Every big move it makes is
positve. Now it should move up to 5850, consolidate a little
and then rally to 6152. Support is firm at 5261. This index has
890 points upside and 120 maximum downside. If you leave
the stop under 5255 on this trade there is a very low
likelihood of it being hit.
Bitcoin; BTCUSD Last valiant chance to go long with stop closeBitcoin
A fantastic point perfect test of the parabola has held up
Bitcoin so far. It's rallied to 7150 and stopped, coming back
down to give a buying opportunity close to 7080, so look to
buy as close as possible witha stop under 7050.
If this ends up failing, we've had a valiant try and a faily small
loss compared to potential gains if this is the to be the low.
And if it isn't please refer to earlier comment for shorting
strategies.
NASDAQ 100 consolidating along with FacebookNASDAQ 100: Having surged right up to FB results both are temporarily spent and consolidating recent gains. FB is still vulnerable whilst below 151.55, which means this index is likely to experience more sideways movement too in near term, but it's still positive whilst above 5573