Spofas

Spofas

Silver is currently doing a "triple bottom" and about to break down from this current level. Drop into previous resistance is expected. Which should be around $8-9.

Spofas

BABA has surged really nicely after several months of downtrend bouncing from the low of ~$57 to inside the current Bearish OB . This OB is inside the OTE Short zone of this last downward leg. Given the overall trend is still down, we can assume this up leg is a short squeeze and will pullback soon to test support. To support the idea, we also have an ongoing...

Spofas

After this week's downtrend on the dollar, we now have a 4h bull div on USD and very low 1D/12H momentum. NZD rallied and squeezed shorts into a big liquidity pool. It is now majorly overextended and should see a pullback into the .65s or even .64s OTE long zone.

Spofas

Short 16-16.25 back to 15ish. It got a great reaction off of the low 14s back to 16, but it is now getting pretty overextended. A pullback to retest previous resistance as new support would make sense.

Spofas

Following up the previous chart, we have now completed the harmonic and should be headed down to the bat's point B. It's also backed up by the crazy high 1D Momentum RSI.

Spofas

Nostradamus aside, the short in this bearish orderblock looks good with the 4h momentum so overextended.

Spofas

The really big dip into the liquidity pool on the low 40s formed a huge momentum divergence on the daily chart. It's a great chance for a bounce into the monthly pivot which would also be the OTE short target since the start of the divergence.

Spofas

Downside has touched the support trendline nicely and has picked up the price. Daily MACD bullish div wants to confirm the upside on this.

Spofas

3 day ATR% finally broke out yesterday. Historically this has been a long term trend defining moment in the chart. So far, all is looking like an uptrend is coming.

Spofas

Everyone seems to be really bullish about this sideaways. I'm pretty worried about this 6H. MACD bearish divergence, RMI and Willy really up there don't make for a good combination. Not taking heavy positions anyway. Waiting for confirmation. Forgot to draw out the ascending wedge we're currently in. Another reason to be worried.

Spofas

Macd div, blabla, usual shebang.

Spofas

CISCO just hit a historically important orderblock and should have a bounce around here with a MACD bullish divergence on the 2H chart and a RMI buy signal.

Spofas

Clear momentum weakness on this upswing as demonstrated by this 4/6H divergence on the MACD. Sell sign on the RMI. If it does get another leg on it and I get stopped, I'll reshort higher.

Spofas

OTE short from the last drop from 1.4 with a nice bear div on the 2h Stoch and MACD looking for 1.1, but reevaluating on the inbetween levels: 1.12 and 1.108.

Spofas

A possible bottom might be forming for the longerm outlook on Crude. The RMI has been a good indicator for it in the past and is showing a nicely looking curved up bottom. 53.5ish level would be a good entry to a longterm long position.