- On the weekly timeframe the price has formed a falling wedge pattern.
- First indication is 2 weekly bullish engulfing candles, Plus monthly bullish engulfing candle.
- Price has broken the falling wedge pattern and pulled back forming a great buy opportunity.
- My long position will be targeting the 0.382 Fib or 107.964 & or 100DMV with SL just right above the...
- On the monthly timeframe price has broken the bearish trend line but managed to close above 0.236 FIB,
- Keep in mind price is at very a strong monthly resistance level which will turn to support later on.
- Will wait for the price to pullback and take a long position at 1.34 or 1.35 to target 1.5 or (0.382FIB)
- 14 RSI has moved exactly with the chart and...
Why i'm going short on US30 ?
- A clear divergence on the weekly timeframe, bullish price with a bearish 14 RSI.
- On the weekly timeframe a bearish Doji candlestick pattern is formed.
- Will be targeting the support level 29600 or 0,382 FIB, with SL above all times high by 100pips
Use proper risk management a very risky analysis !!
a very simple question
will US30 repeat March COVID crash ?
comment below your answer's and suggestions
take a close look at
55 moving average
14 RSI
Price action
- On the weekly price is sitting at a very critical Key level & closed below 0.236 FIB.
- 14 RSI is bouncing off the trend for the 4th time.
- my short position will be targeting the 0.382 FIB with SL above the 0.236 FIB.
Use proper risk management
Trade safe
US30 (Dow jones)
- On the daily timeframe 14 RSI shows a weak sign to pullback until 0.61 Fib.
" Shorting is ver risky due to lack of Price Action confirmation "
- Will be taking a buy limit at (29541/29275) with a SL Just right below the 0.61 Fib or Support Level.
USE PROPER RISK MANAGEMENT !
GBPJPY
- 1st On the monthly timeframe a very strong bullish engulfing candle will take us to the major resistance level 155.00 for a long term investment.
- 2nd The weekly timeframe has formed a falling wedge pattern which will take the price up after closing above 55MA.
- the 55MA will be acting as the STOPLOSS and 200MA will be the TAKEPROFIT.
- 14RSI is in...
Nasdaq US100
- On the weekly timeframe a pullback on the bearish 14RSI will lead the nasdaq to continue the downside.
- With a weekly bearish engulfing candle, will be targeting 1st the resistant level or the 0.786 FIB.
- for a 2nd target will be targeting the 55DMA or the 0.618FIB after with SL at entry.
- good luck and use risk management.
INTEL CORP. ticker symbol INTC
- On the monthly timeframe, a clear bullish Harami candlestick pattern shows that buyers are taking control.
- Intel compared with its competitors has the highest annual earnings(Revenue) at $17B, while AMD $6B & NVIDIA $11B.
- Intel has the strongest balance sheet between its competitors.
- FROM MY POINT OF VIEW Intel YTD is -17%...
Wells Fargo ticker symbol WFC
- On the monthly timeframe a trend line from 2008,2009 Financial crisis to covid crash and price is pouncing back with a strong bullish engulfing candlestick pattern.
- (knowing that 15%~20% is a good indication) Wells Fargo PRICE TO FCF ratio is 3.33% a very good indication to go bullish.
- Book Value per share is 45$ higher than...
DE30 (DAX)
- On the weekly timeframe Dax failed to cover the Gap from FEB/2020
- With a bearish Doji candlestick pattern possible price reversal towards 0.382 FIb.
- 14RSI is Weak and couldn't break (divergence)
EUR/USD
- On the weekly timeframe price has formed a Bearish Doji Candlestick pattern, Plus a Bearish Harami Candlestick pattern on the Daily timeframe.(Bearish in control)
- 14 RSI Shows that the price is bouncing back from a bearish channel trend.
- The short position will be targeting Daily Support level, 50MA and 0.382 Fib.
Nasdaq
- On the Daily timeframe price is rejecting from the bullish trend with confirmation of daily bearish engulfing candle.
- A Sellstop after breaking the resistance level will be targeting the 0.5FIB Key level or the 100MA
- A clear bounce out of the 14RSI from Resistance level to target the support Level.
Note : for longer target i will hold short...
