BTC appears to be making an attempt at higher prices. Enter long on trendline and fib breakout.
BA may be about to start a downtrend and there are multiple signals supporting this.
Bearish harmonics often show up in strong uptrends in which an overbought condition leads to rapid selling and is often misinterpreted as a reversal. A bearish harmonic at new highs makes a low risk entry for a long position.
The wave follows the required breakout pattern however the first two waves form a time interval much smaller than the following two.
Some big moves happened recently however it seems to have died down. Could it be making another move up?
GLD set a new high of about a month AH today. In addition it's weekly close is the highest since 2012 and the second close above 163 since breaching that level on April 13. There may very well be more upside to come. The highs of late 2011 are the next target.
BA has been in an uptrend lately leading many to buy into this gold rush. However the price action as of late is concerning and shows more tendency to the downside than a rally. The price may fall to 166 or below with a bounce expected at 180.5
BYND moved a significant amount this morning based on news. It has however pulled back which is expected in a bearish bat pattern. It is also struggling to hold the 50 day MA. However, it is likely to attempt the previous high at 102 if continues its progress.
A bearish bat harmonic seems to have been formed on SPY. If so the target is 272 or below.
After nearly doubling in price early April, SPCE seems to be struggling to overcome the 50 day MA. In addition to forming a lower low today, SPCE appears to be on track in breaking the uptrend. The drop could be swift and steep.
After a lackluster performance for most of the week, SPY appears to have picked up steam. However even though SPY formed a monthly high today, do the technicals stack up? Zooming into the 2 hr timeframe, the MACD shows signs of recovering although the slight green bar does not seem indicative of an uptrend yet. More concerning is the gradual decrease in volume...
Since making a remarkable recovery late March, BA has failed to retain those gains. Instead it has formed multiple bearish patterns lending itself as a candidate for a short position.
After a fairly disappointing day across the indices, the dust seems to have settled. BAC is resting on the 100 hr MA and has failed to push past the 22.44 fib on the daily. However, BAC is currently above the Ichimoku Cloud representing an uptrend and has a %K value that has dipped below 25 indicating a potentially ideal long entry opportunity.
After suffering a blow in the last month, GBPUSD has made a startling comeback. It has shown signs of bullish potential and may be on the verge of an upside breakout. Today appears to be an ideal dip buy opportunity as it was relatively overbought on Friday.