Continued downward pressure towards 27700 regions. Look out for more in the chart
Bearish flag on the hourly chart seems to be pushing EURUSD further downside
Dominant trend is still bullish BUT the technicals shows an incoming bearish correction.
RSI bearish divergence and Tweezer top signify a pause in the bulls. However, buying pressure will be back after hitting the demand level.
Sip your latte while waiting for the bullish demand to fill up. Bullish divergence is the key
Head and shoulder formation is looking to break the neckline resistance. Supply zone highlighted is a desired are to place shorts
MCD bullish run is still strong and it may continue to extend to 323.6% of the Extension level. Piercing line and bullish flag formation is the confirmation.
Kimberly Strong bullish move may be heading into an correction as the stock is currently in the D wave. Bearish engulfing strengthen the call for strong bearish movement
United Parcel may be entering into a phase of correction as the signs are aligned for the bears. First up, the long legged doji at the supply zone is a sign. Sellers may be kicking in in large numbers tonight. Rising Wedge formation. Potential overbought crossing The buying gap is still hollow, perhaps price may stage a strong rebound there.
LMT has been a raging bull for a period of time and based on the technicals, the stock is believed to be heading into a bearish correction towards the indicated support level. -Rising wedge formation - Bearish engulfing at the TOP of the trend - Stochastic overbought - RSI bearish divergence
USDCAD has been ranging for a period of time and i think is time that price starts to move higehr before a grand sell off
American airlines may poised for a bullish take over as the chart shows bullish divergence and overbought. On top of that, the Falling wedge and Bullish Engulfing is taking shape as well.
GBPUSD might have a rebound towards the upside. However, it may just be a correction. The dominant trend is still bearish
Apple has been range bound for the whole of August and now the 4hr chart suggest a strong indication of selling as the stock is near the suppy zone at 78.6% of the Fibonacci area. Also, the falling wedge suggest a strong reversal signal.
Classic Dow theory suggest a downtrend ahead and the outlook may look gloomy as the Transportation has not been making new highs and instead it makes new low. Beside that, there is a high probability that the transportation will break the diamond top pattern.
Gold has a diamond top formation and this may signify a strong bearish correction ahead towards 1450 region.
we believe that the market is slowly unfolding the bearish side of the index. It will be a prolong ranging within the triangle.
We are looking at short selling at 78.6% and 88.6% of the range. Good risk and reward ratio too.