SIRI is falling hard and it's now making a V shape pattern. Look to the price action on a lower timeframe for a potential bounce. A breakdown under this temporary low invalidates this setup.
GE has broken the last 5 waves pattern and it's now retesting the breakout level. Look to the price action for a potential wave up. A strong breakdown under the E point invalidates this setup.
MORGAN STANLEY is reaching the daily 50% retracement on this long term descending channel. Look to the price action on the lower channel for a potential breakout to the upside.
ABX seems ready to complete a potential 5 wave correction. A rejection on the upper trendline can indicate the starting point for the final E wave. If this is the case i'm expecting a strong breakout to the upside.
CGC seems in the middle of a potential flat correction. If it completes the pattern without a strong breakdown i'm expecting one more impulsive wave to the upside.
MU is still in a downtrend on daily but i'm expecting one last wave down before a potential reversal. Look to the price action in that level on a lower timeframe.
AAPL seems in the middle of a correction. Good chance to complete an expanding flat for one more wave up.
CHK seems in the middle of a corrective phase. Good possibilities to complete a 3 wave correction.
CMCSA has broken the long term correction. I'm expecting one more impulsive wave to the downside.
WFC has broken the long term correction with a strong impulse. I'm expecting a downtrend continuation to complete a potential 3 wave pattern.
JPM seems in the middle of a long term correction. It could be an expanding triangle or a flat correction. Look to the price action on the lower channel for a potential bounce.
BAC is in the middle of a corrective phase. It's now reaching the lower channel, where i'm expecting a bounce to the upside. Risk/Reward ratio 3,83.
OIL has completed a double top on daily timeframe with a bearish divergence. It has broken this low degree uptrend with a strong impulse. If it makes a correction i'm expecting a deeper correction.
AMD has broken the long term uptrend with a strong impulse. Potential bullish divergence for a bounce, but i'm expecting a deeper correction.
FTSE MIB has broken the main uptrend on daily chart. Bullish divergence for a potential bounce, but i'm expecting one more wave down.
Michael Kors charts seems in the middle of a 3 wave correction on the daily timeframe. I'm expecting the completion of this potential expanding flat before one more wave up. Bearish divergence and gap to fill.
This chart has no relation at all with Bitcoin, but it has a similar trend looking at his first stages. Bitcoin had a first bubble in his past, hitting the 1100$ mark. Then it had a long term consolidation before the breakout of the all time high. On the second bubble it is gone straight to the 20000$ mark. Now we are in a corrective phase that can consist of a...
NZD seems bouncing in this level after a strong downtrend. Bullish divergence still in place for a potential wave up.