tradersvision

tradersvision

Yesterday I closed may my analysis with the statement that:" on the other side watch the dotted line as it might/does form a wedge that should not be broken on a daily basis. Just in case it does so in the next few days we will see if the boundaries of the trading ranges will hold for support." Well it happened faster than expected. Now, we will see if the lower...

tradersvision

On this daily chart we can see the downtrend which was drawn on the weekly timeframe. An impressive fall from 1.30 all the way down to 1.1595 has in an equally manner reversed itself. On a closer look I noticed this symmetry which might turn out to reach the upper trendline just in time to make this a perfect rise. The chart speaks for itself and it seems...

tradersvision

Despite the triangle formation on the weekly chart the intraday chart reveals some more interesting insights. Once the last W-formation is completed the pair should after a brief pause enter into the new trading territory. It remains to be seen whether or not the upper trendline is the next resistance along the way to the upper band of the then new trading...

tradersvision

Intraday it seems that NDX 100 is in a clear downtrend. The trendlinie has been touched 3 times and, therefore, it is a valid trendlinie. Furthermore, we have a double top at 2828 which acts now in line with the high of the beginning of september as heavy resistance for the time being. I do expect a trading range between 2780 and 2794 and further up to...