William-trading

William-trading

GBPUSD might have a rebound towards the upside. However, it may just be a correction. The dominant trend is still bearish

William-trading

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.

William-trading

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.

William-trading

Gold has a diamond top formation and this may signify a strong bearish correction ahead towards 1450 region.

William-trading

we believe that the market is slowly unfolding the bearish side of the index. It will be a prolong ranging within the triangle.

William-trading

We are looking at short selling at 78.6% and 88.6% of the range. Good risk and reward ratio too.