Bollinger Band is signaling oversold. If SPX will drop it would get good momentum. Uptrend in long term is very promising
Selling USDJPY and buying XAUUSD, let see how it goes, expecting quite a move here :)
my simple elliott wave count for this pair..
I think the third wave was confirmed on Friday when it tested broken 200MA and closed below. Thursday Norway cuts interest rate and warns they could turn negative -expecting high selling pressure because of this. The same market reaction like after BOJ cut or ECB..
I like when time balance and fundamentals are confirming price patterns. -Uptrend move failed at 61.8% fib and looks good from elliott wave perspective. -Time resistance: 50% in time is holding of last impulsive move down -after FOMC historicly most rises are followed by a fall
JPN225 is ahead of all the indexes I think, so Im looking for invalidation this bulish BAT and to add to my short position
Bearish scenario in oil if FEDs going to surprise today. Looks like second wave just just finished :)
nice setup supported on 4h chart Pitchfork chanel and bulish RSI divergence
Im bulish EURUSD, so its opposite to GER30. Looks like upper chanel trendline is holding + bollinger band signaling to sell + RSI divergence..
Soybeans today gapped up after friday closed obove the broken trendline. Im going long here because softs are way behind metals and energy, black line is comparing with commodity index
Sell at break down R3 level. Posible momentum shift, as RSI bouncing from 60 is well
I have order to buy on R4 break. Idea supported with triangle break and elliott wave count (looks like wave 5 begining) in the bigger timeframe