JureKrasovic

JureKrasovic

Looking at the 4H chart, we can see, that price has made a break out to the bullish side of the lower line that belongs to the channel formation. Now the price is reversing, and we are waiting if the lower line will hold it above, and with doing that confirm the channel formation. If so, we are taking the trade inside the formation. When the price touches either...

JureKrasovic

Tesla has been moving in the bearish direction since mid-December of 2018. The bearish movement has grown even stronger since the loss reported fort he first quarter was much bigger than anticipated. On the technical side, we can see that the price has just touched an important resistance line. We expect the price to move even lower down because we do not believe...

JureKrasovic

Looking at the daily chart, we can see that EUR/USD has been moving in the bearish direction lately. Closer inspection, reveals that there is a support line from which the price is bouncing off. Now the price is again heading towards this line, so we are expecting another bounce. If entering a long trade, we do recommend to set stops just below this line, as the...

JureKrasovic

Strating our analysis on the daily timeframe, we can identifiy a sharp bullish move that has just happened a few days ago. As we do not believe, that Litecoin has enough fundamental strenght to justify a bullish move like that, and just make a smaller correction before taking off higher, we think, that the next logical move should be a bigger bearish move. On...

JureKrasovic

The stock has made a rather large bearish move, that has closed beneath the support/resistance line. It has reversed and made a smaller bullish move and is now at the previously mentioned support/resistance line. We are expecting the price to bounce of this line and make another bearish move. If we see a breakout to the bullish side, we are waiting for the...

JureKrasovic

Continuing after our analysis that was done yesterday, we can see that the bullish move that we anticipated really happened. On the 1H chart, we can see, that this move can be marked as wave 3 in a five wave impulsive structure. We believe, that the market is in a correction wave number 4. That means, that we do expect another motive bullish wave five to happen...

JureKrasovic

We can see that gold is giving us a very simple potential trade setup. On the daily timeframe, the price has been moving above a strong line that has previously acted as both support and resistance since the beginning of the year 2019. Since then we have already tested it three times and it held every time. We are testing it again right now. As the bearish moves...

JureKrasovic

Today we are looking at the shorter timeframe than usual. We are starting our analysis on the 1H chart. We can see, that the price moves aggressively as we expect in bitcoin. That shows in a lot of long wicks that are formed on the 1H chart. Bitcoin started the day with a rebound from around 5200$ to about 5300$ and has now slowed down a bit. It has also hit a...

JureKrasovic

Ford has been struggling lately, as the price has slumped after a bad earnings report in the end of the year 2018. Since then the price has climbed up a bit, and we are almost at the same price as we were at the end of the previous year. Reading some material from analysts, we can see, that they expect an EPS of 0.41$ for the first quarter of 2019. We believe,...

JureKrasovic

Last time we were looking at this pair a bearish channel was formed, and we were expecting the price to make a breakout and a reversal and start moving in the bullish direction. That was exactly what happened. Now the price is moving in the bullish direction and has just encountered its first obstacle in the form of previous support/resistance line. Waiting for...

JureKrasovic

On the daily timeframe, we can see that the price is currently in a channel pattern. That means, that we are either expecting it to move inside the channel and can identify the bounces from the upper and lower or we wait for fort he breakout. In this instance, we do believe, that the next breakout should be bearish, as the price is almost at the previous high, and...

JureKrasovic

Looking at the daily timeframe, we can see, that the price has formed a channel in wich the price has been moving for the last couple of months. Right now the price is at the upper line of the channel after a big bullish move. It is now in a consolidation, as the bulls have been exhausted a bit. Looking fo either a bounce from the line and a formation of another...

JureKrasovic

The last time we were looking at this currecy pair, we idnetified a triangle foramtion on the daily timeframe, and were expecting a brekout and a bullish move after the breakout. The breakout did happen, and it was a bullish one. We are still waiting for a bigger bullish move to form on the daily timeframe, to conclude our analysis. On the 4H chart however,...

JureKrasovic

As Amazon is closing its doors to the Chinese marketplace, we do expect a smaller pullback to the bearish direction shortly. However, we do not expect this pullback to be a big one, as the Chinese market is not a large one for Amazon due to its competition like Alibaba. We do believe that Amazon is fundamentally a strong company, and its revenue keeps growing....

JureKrasovic

Microsoft has been in a bullish run for a long time, and there is no sign of stopping in our perspective. There will be smaller corrections, but we do believe, that the price is going to go higher. The line below the price indicates the bouncing points of the price, and we can see, that the price should bounce off it shortly. That probably means that we are in for...

JureKrasovic

When we were looking at this pair the last time, we expected a break out of the triangle formation on the bigger timeframe, a confirmation of this move and then a bullish motive wave. The price broke out of the triangle, and has made a smaller correction and bounced back up from the upper line of the triangle. We are expecting that bullish move to happen now...

JureKrasovic

On the daily timeframe, we can see a triangle formation. The upper line starts at the resistance line. We are waiting for the price to exit the triangle, and make an impulsive or a motive move in either direction. On the longer timeframe, we don’t see any clear signs in which direction the price is likely to take off after the initial breakout. Waiting for the...

JureKrasovic

On the daily timeframe, it looks like to us, that the price as changed its movement and started forming a triangle instead of the previous wedge formation. But because it is also a corrective structure after an impulsive or a motive wave, the next big move after the initial price breakout out of the corrective triangle, should be in the same direction as the...