Brown.Michael.6

Brown.Michael.6

if you missed the breakout last week of the 18400 level marked by the yellow line, my profit target was hit at 18900ish area, it has since moved up a bit, but with it being overextended i am expecting for it to make a higher low over the next few days, at around 18600 (the purple line) my ultimate target is 21000, and around early December i expect it to be a...

Brown.Michael.6

across the indexes we are seeing heavy divergences, we saw similar thing in 2008, in the short term i believe price will go back to the old highs and possible a new high before we see a heaver correction

Brown.Michael.6

over the last few we had a nice movement from the triple top to our target around 17700. this may be a HL being put in place. i am now looking on the 2hr time frame for a break of the gold trendline, with the 1st target being at the triple top then reassessing for for 2nd target if there is one. i dont like the look of the current candle so any break of the...

Brown.Michael.6

on the 4hr NASDAQ we have a nice trend line, if there is a break of it, and close below i will be looking for a target of the yellow box, 1st target is top of the box and 2nd a trailing stop into the bottom of the box.

Brown.Michael.6

on the 4hr we have a trend-line marked in gold if we break this before the old low around 5126 marked by the pink line there will be a potential for a move up 5346 marked in red. hopefully risk to reward will stay favourable. if we break below 5126 this will bring 5000 back into view

Brown.Michael.6

on the 4hr chart we have a 50% level lining up with a pivot point(red line) and if price retance we will be back within the moving average (10,20) zone. stop will be protected by the .95000 number this offers a good place for a 1:1.2 trade note we are look a little over extended on the daily so this would be a quick in and out trade for slightly better than 1:1

Brown.Michael.6

on the 4hr we have a potential cluster setting up. with a 61.8% fib (note the reason the fib is drawn here and ignoring the little dip is because that was the weekend) also at the 61.8 fib is a double pivot of a monthly and weekly (this is marked by the oink line to make the chart cleaner) also at this level is the 87 round number. just below the entry level is...

Brown.Michael.6

on the 4 hr chart we have a triple top at 1850 marked by the pink line also confirming this is the divergence on the RSI and Slowstoch, marked by the green trend line. i have a target at around 17700 level, marked by the top blue line. adding weight is an overbought signal on the Slowstoch with it about to roll over and give a sell signal

Brown.Michael.6

on the daily chart we have a trend line break, i see the potential for more upside with a target at around 11193 marked by the gold line and a stop just below the lows marked by the blue line

Brown.Michael.6 Updated 

on Amazon we have a cluster of pivot lining up, Monthly and Weekly, marked by the red dashed line.( NOTE i removed the pivots to keep the chart clean) we also have a 50% and 38.2% fib cluster just below the pivot cluster, marked by the gold line, the fibs are weekly fibs. showing the fibs marked. also adding to this is price is inside the support of the cloud.

Brown.Michael.6

with the break of the trend line, i now see feather downside to netflix. the RSI is below the 50 line, and the SLOWSTOCH is trending down and confirming downward pressure. on opening today if still below the trend line, i see a 1st target of 87.89 (green line) and a longer target of 63.84 (blue line) and my stop 2 ticks above the swing high (red line). 1st target...

Brown.Michael.6

the target has been hit, as well as going though the august lows more downside i believe is to come

Brown.Michael.6

on the NASDAQ there is a potential short setting up. there is a 50% retrace from previous high, and a 38.2% retrace from the high before, and also a weekly pivot coincidences with these 2 levels ( i have marked the pivot with the blue line to make the chart cleaner) the stop will also be behind the 4200 that has offered a good level in the past

Brown.Michael.6

after opening in favour price has now gone back into its trading range in between the 5000 level and the short term down trend. i will now be sitting and waiting for either a convincing break of 5000 or the the trend line marked by the black dashed line

Brown.Michael.6

the 1hr corrective trend line has been broke i am looking for further downside in line with the bigger trend. RSI is below 50, and the slowstoch is trending down adding support to the down on this time frame. 1st target is around the blue dotted line (August lows) and possible down to around 9200

Brown.Michael.6

Japan 225 has broken the short correction trend line on the 2hr chart. and looks as it may continue the daily down trend, my 1st target is a around 17244 just above recent lows, and i see a potential move down to the recent lows around 17174, we may see a bigger move down. this trade may change on the open and the R:R may not be favourable any more. please note...

Brown.Michael.6

the aus200 has broke though and closed below the trend line on the 60min chart, this is in line with the overall trend on the higher time frame. I have a target of 4973 using my system with a stop just about the highs for a 1:1.5 return. but this will all depend on the opening tomorrow as to if this trades R:R is still favourable . please note this is not a buy...

Brown.Michael.6

with the pair putting in a double top at the 1.43 number and the Ichimoku lagging line confirming price is not making highs and also an Ichimoku crossover is happening singling potential weakness. RSI is also signing weakness using the cloud 1.41 offers a good target area for a short to head.