


Fr33zerPop
I'm waiting for price to touch down at a previous low, or below it at recent support. If it does, I'm looking for buys, but because a buy is counter to the current trend, I'm only getting in after a confirmation of higher highs and lower lows on smaller timeframes.
Overall, SNAP doesn't look like it's growing, but if it can break out of it's downward channel, we may be able to hope we've seen the bounce.
Between the Fib resistance lines, the Stochastics and the Momentum, this is looking like a short setup for me.
Thoughts on potential up-move in the EURUSD. Please let me know your agreements/disagreements to this analysis. Happy trading!
This is a short term long for me. Overall on the daily, we're hopefully we're catching a retracement of a new uptrend.
I don't feel very confident that the EJ has a lot of steam left, so I'm watching for new Short opportunities. Neutral stances are in grey, Shorts in orange.
TSLA looks like it might be trying to start a new channel down, with it currently in overbought territory yet at the bottom of it's previous channel.
Hoping for more downside movement as we sit inside downward fib wedges.
I think we're still going to get some more movement to the downside for a bit.
I'd look for price action to stay in this wedge (closing) until finally breaking out. If it's downward, I'll try to short. Since we're in a major down-trend, I won't be a buyer.
While I could potentially see a bounce to the upside right now in the next couple hours, it would be a very aggressive move considering the strong move to the downside over the last couple days. I think I'll be better off waiting patiently for a new short signal.
I don't think Gold will do much more this week in gains, unless it breaks out for another runaway profit run. Otherwise I would expect retracement down to at least 1266.
AUDJPY short term bounce, looking for another shorting opportunity. The AUDJPY -1.24% is within multiple downward wedges on the Daily and H4 timeframes, giving power to a suspected longer downward move. I consider it continuing downward as long as it stays closed below the .0902 fib speed resistance line. I use the same lines on smaller timeframes to establish...
I'm looking for a short signal as a close below my 0.0902 Fib Speed Resistance Line before continuing shorts.
I'm bearish on the GBPUSD overall, but I wouldn't discount the opportunity for it to bounce off this Monthly fib line and spend some time retracing. If it closes below about 1.517, I'll consider it a Sell signal and anticipate it going for 1.511, giving me a 1:35 RR. If it breaks to the upside, I'll wait and watch.
This ETF is a bit choppy, but I'm watching it to see if it will break and close above my purple .382 line to signal an new uptrend. Once it does, I'd like to ride it until it crosses back into the blue line, where I'll start to look for an exit. Hitting that line doesn't necessarily mean it's growth is over, but once it's closing below it, it seems to lose it's...
Using the Fib Speed Fan, I'm hoping the DXD will continue it's new move upward, staying withing the fan arc. It's recent break out of the low rebound of the DOW suggests a higher move. Please feel free to like if you agree or critique.