EURGBP: CCI crossed below 100 while RSI overboughtEURGBP: CCI crossed below 100 while RSI overbought. Bearish engulfing pattern emerged. Selling.
Commodity Channel Index (CCI)
GBPCAD: Potential uptrend emerging from hereWe can look to capture some upside in this pair. Currently lagging GBPUSD, and offering indications of a potential bottom.
We have landed on the recent monthly uptrend's mode, currently finding support and evidence of the bulls getting involved here. A resumption of said uptrend seems likely.
If you're not long, you can enter at market with stops under 1.8257 ideally.
Plenty of room to catch up with GBPUSD and other GBP pairs.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
EURUSD: Bear Wolf PatternEURUSD: Bear Wolf Pattern. Price has reached 127% fibonacci level. Look for reversal candle stick pattern. RSI is over bought. CCI is reversing.
On the third dayBears took bitcoin back to ground and now that forces seem to be on balance, the following days should bring a normal uptrend speed, framed by the 0,5 and 0,618 fibs. Thus it will take us a couple of weeks to get back to the previous peak.
Several indicators are still on the bull side and after three days, they seem to be stable.
This idea gets invalidated by any close below or above those limits.
Following the scriptures "he was buried, and he was raised on the third day"
SPY again shows bear control till end July or AugustBloomberg (or was it Reuters?) predicted in November the economy would be moving sideways in a correction phase till mid-autumn 2016 at the earliest... Seems correct so far
The head and shoulders is a bit obsolete but still can be considered a vague indicator of the direction (based on volumes). Fibonacci levels are agreeing between the different peaks and valleys since last year.
MACD is showing strong signs of falling back to zero in the very near future. Stochastic is well above 100, RSI is close to 75, and CCI is touching on 100. These are obvious bearish indicators.
The last time this occurred was roughly November 2nd, 2015; it resulted in a slow and chaotic slide for the next 38 days till macd reached 0, followed by the final drop down to late January levels.
The final concurring indicators was the Fibonacci levels (.23) arriving where the 200sma (weekly) is on track to be... Early August. (Election Season will only make the end more interesting).
Good luck out there
EVHC bear cave next few daysAgain, most indicators are leading to a correction; I'm going short.
With the recently tested 23.66 resistance, plus the blue downward-slopping warning line from the pitchfork, I'm guessing the price action in the next few days won't go above the 23.66 price point.
The hourly and daily lower indicators (macd, rsi, cci, slow stoch) are all showing a possible correction in the near future. I'm guessing till the start of May.
I'm noting the first reaction line is around that end time point, so it might reverse soon thereafter.
INUV Pennystock bullish next few daysOver the next few days I see a reach for the .5 Fibonacci level (1.90), or the Pitchfan line; whichever comes first.
Heavy support from at 1.80 from longterm fibonacci level.
I believe the overall trend is still bear for this penny stock, but for the interim its bull.
NNA bull and shortDaily indicators are showing strong bearish signs.
Hourly and minute indicators are showing the opposite. I'm therefore assuming a bull will be loose for the next two days (maybe three), then it will break for the median and lower support levels.
SKX ShortPrice action is conforming to theories on pitchforks, Fibonacci arcs and retractment. All this plus lower indicators are all spelling out immediate action in the next few days to consolidate after that last jump.
ING Bear'ingNot much into harmonic theory, but this is a clear AB=CD pattern.
Strong correlation between price action and downwards pitchfork.
RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
ING going down In short, the next few days will be in a bearish or sideways move. I'm predicting a strong correction to the median line in the next week or so
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory.
Andrews Pitchfork Downward over the long term.
RSI, CCI, Stochastic are showing reversal from bull to bear.
Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so.
Touch on the 2.09-2.20 resistance region.
Upper resistance at 0.618 pitchfan level.
Upwards Schiff's pitchfork.
Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful)
Lower support at 1.81-1.75 region.
Lower inclined support from 0.5 on the pitchfan.
WMT: Picture perfect long setupWMT is offering a very nice entry, after forming a new weekly mode, which implies the strong uptrend is seeing reaccumulation at higher levels.
I'm looking to enter longs at market, at the open, ideally on retrace to the mid point of the green triangle on chart.
Stops should be below 67.40, for example at 66.51, or using 3 times the daily ATR.
Yield is very nice and I think the stock is due for a 11%+ rally still.
Good luck if taking this trade.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
My dataminer is stating bull, but i'm only seeing bear (next 3 dMy data miner is showing high probability, based on last 20 years, of VOD going up
Longterm neutral Andrew's Pitchfork at roughly 33.50;
Shortterm schiff's pitchfork bullish (and below price action);
Showing strong support/resistance at fibonacci levels
ActionReaction showing a downtrend yet realized that should end around 4/22.
Fib Arcs showing strength by trends; both showing downward arc resistance.
All Bear news on MACD, Stoch, and CCI.
Let me know your thoughts
USOIL WTI Crude bullish divergence in H1USOIL WTI Crude bullish divergence in H1
possible targets 36.70 and 37.70 if trendline holds backtest
Big Move soon in AAPL?Might be H&S forming, but also could break higher. Not really sure right now, but it looks like a big move could be underway. MACD looks a bit unclear, CCI appears to be bottoming, RSI looks like it could rebound but near 50.
New phone looks to be a bust, and is just meant to be a filler pre-7 release.
Nikkei: Short the topThe Nikkei is showing an interesting setup.
On one hand, there is a daily uptrend in place, but on the other hand, price is approaching the key area corresponding to the day when negative rates where announced by the Bank of Japan.
This daily candle was followed by a higher low, which is labeled on chart as a key level, and then a heavy decline.
As an interesting sidenote, this day's low and high match the extremes of the 'value area' in the volume profile, and the 50% level marks the monthly mode (regarding time spent at price) on chart for this whole range where price has been stuck since November 2015.
You could go long Nikkei (or some yen pairs, like for instance EURJPY), to ride this coming leg up in risk on, but the bigger trade might be the short side once this is done. Interestingly, the Dax is the worst performer as of late, and might be the best short candidate.
I'll update the chart with the short entry once we hit my target.
I added the tlt, gold and hyg charts on top, and the usdjpy, Dax and S&P500 charts as an overlay to the Nikkei so you can see the interplay between them.
The idea is to use the Nikkei and Yen as a barometer for the other instruments here, everything forms part of the same puzzle and we can crack the codes with some work on the patterns on chart, and knowledge of the fundamentals, news dates, and the price reaction associated to them.
Happy Easter,
Ivan Labrie.
#NZDUSD - STRUCTURED CONSOLIDATION - BUY! As you see there is a high structured consolidation going on on this NZDUSD pair. The consolidation is happening a lon time already, but this one seems extremely structured. Could be a good opportunity, or a pure technical failure.
USDCAD: Downtrend continuationUSDCAD has confirmed a daily time at mode downtrend aiming for 1.30 as maximum target.
I'm short from last night, using a discretionary entry ahead of confirmation in the daily, but I'll be adding as we progress towards the target and continue to be in the money with our position.
Good luck if going short with me, remember to keep a wide stop loss, either ATR based, or using the mode.
I'll be trailing stops and adding to the position as the trend evolves, it could result in a very large move to the downside based on my observations.
Cheers,
Ivan Labrie.
Time at Mode FX
Uptrend Force Makes Breakout LikelyBitcoin has smashed back into the new "downtrend line" from ATH. This 3 day uptrend is a solid trend continuation of the previous 3 day uptrend after a nice correction down to the $360 area. At this point the uptrend has serious momentum just starting. ADX has turned up, CCI is just above 100, and MACD histogram is accelerating into positive territory while the MACD line is trending up from the 0 line.
Basically we've hit this "downtrend line" with such force that it's likely to break. If you're long I would hold as long as you can to see if this breaks. If you're not in a position I would wait for the break to happen before going long. If you're short: stop shorting uptrends :D
Keep in mind this 3D chart can have some volatility on the lower timeframes, so I would make sure the uptrend is clearly over before going short if this "downtrend line" proves to have any worth.
#GBPUSD POTENTIAL SELL OPP.Trying out the simple pattern strategy and it turned out in this. Holding the position since yesterday evening, good luck.
An opportunity in EURUSD. You can not miss thisA very nice set up for EURUSD is on the way. The market just began a downtrend and right now a pull back is trying to form. Let's wait and see if it will touch the 40ema, if it does I will take a short position targeting 30 pips. The market is below all the EMS which includes 20, 40 and 200 ema. Keep posted I will let you know once the signalis strong enough.
AUDUSD is about to reverse. Look at this!lOn an hourly time frame, AUDUSD has been in down trend. On 21st Jan at 15:00 the price crossed the 200 ema. This shows that its getting ready to start an up trend. Last night before market closed, it touched the 20 ema and nearly touched the 40 ema. CCI (20) is already at the oversold. We expect the price to continue in the uptrend, this is just a pullback. Pullbacks can really make you money. Volumes are really low and the candles are narrow so if this continues in the next few candles I will be looking forward in taking a long position targeting 30 pips and stop of 15 pips. Let's wait and see what the market decides.
