ETHUSD possible ShortTerm Short opportunityETHUSD may bounce on Kijun 4h resistance, that coincides with Tenkan D resistance too. Possible death cross MA on 4h. Target: weekly pivot level S1 (270-260$)
Deathcross
An Ethereum scenarioPOLONIEX:ETHBTC has been consolidating for a while now and if there is not enough strength we could see something similar to what happened in 2016.
Price structure 2016:
Price structure 2017:
Volume and StochRSI:
2016
2017
RSI
2016
2017
Note: POLONIEX:ETHBTC correlation to alts cycles could have been affected by the high number of ICOs and the ETH collected by all these projects.
GBPAUD - DailyTechnical analysis only:
Top of trendline, Stochastics overbought with death cross, fib .50 retracement expected, weekly downtrend.
Risk/Reward. 4.0
Is this the correction we've been waiting for?Yesterday's close <2,100 is a confirmation of the negative trend which has been forming
Most technical indicators have now turned negative for the S&P 500
50MA is getting dangerously close to a negative "death cross" formation with MA100
We are approaching oversold levels but not yet dramatically so
Next few weeks provide just enough uncertainty (elections, Fed) to fuel the correction
Next level from here = MA200 support = 2,081.18
This is a time to step back or short the SPY or go long gold or volatility
The downfall of Wells Fargo?FUNDAMENTALLY: BAD SITUATION ALREADY - HOW MUCH WORSE CAN IT GET?
Poor business and regulatory practices are being investigated at WFC. This bodes negatively for the bank, as there is already an admittance of wrongdoing. Such situations have taken a while to sort out in the past (see GS, Citi, DB, BNP, etc.) and have resulted in substantial settlement amounts. The current situation with Deutsche Bank adds fuel to the fire.
WEEKLY CHART REFLECTING POOR FUNDAMENTALS.
The technical situation on the weekly chart looks quite poor: Negative wedge formation since July 2015, death cross in April 2016, downtrend broken this week, volume pickup on the downside, negative MACD cross-over, etc.
FLOW SITUATION ALSO DIFFICULT.
Warren Buffet, who already owns 10% of the bank through Berkshire, cannot buy more stock. He is bound to keep his investment and be unhappy with it or sell his stake... Not very encouraging from the perspective of institutional share-holding at WFC.
WHAT TO DO FROM HERE?
Go short at the current market price.
Price target $40/share.
Stop-loss at $46.
Reward/Risk = c. 2.7x
AUDCHF Death crossAUDCHF0.22% H4 timeframe shows MA50, MA100 and MA200 are going to cross themselves, could be? Any ideas?
Its A head and Shoulder if you graph the chart on a Daily BasisThe chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy Trading.
Notes: Sell on Good News and Buy on Negative news
Buy on Rumors.
If undecided. set your position every 4 hours.
As a Derivative representative, I can't guarantee on your possible losses/gains in position.
Upcoming death cross signals potential bear marketLooking at the 100 and 200 day MA we can see that if Bitcoin's price doesn't keep rising that a bear market is imminent because the 100 and 200MA will form a deathcross. However, if the bulls loose keep their momentum then the way is clear for further price rise.
While a Golden Cross is a well known technical indicator don't get too exited because it doesn't seem to work too well for bitcoin . As you can see last time the golden cross formed the market actually ended up crashing harder than before.
I am going to play it safe and sleep in fiat.
Full analysis: themerkle.com
Update status
S&P / SPY Analysis. Shorting opportunitiesSPY not showing strength . Bearish Gartley has completed. Any run ups into the 1.618 extension should be sold. This will still be valid Gartley territory.
Divergence on the RSI
On Balance Volume has not been able to make up volume lost from last week and has broken it's short term trend line.
MACD crossover and short term momentum has swung to the downside.
Key levels to get Apple back on trackWhile the overall trend may be a little shaky, Apple is sitting at a serious support level at 113.16.
We cover this in a little more detail on our website! Let us know what you think!
Cheers,
The Enhancing Capital Team
AAPL ready to death crossApple has lost mojo, would look to buy puts at the bounce back up and target last major low series seen on red line. Lets face it Steve left a void and Apple can't get the same mojo over the watch, not a big believer in long term if they don't get the magic back. I like the company but right now not doing as well...if they bounce and start beating earnings again we can reconsider
GBP/AUD - Dominant Trend Reversal & Fibonacci Synchronicity The GBP/AUD pair has endured a powerful bear market since 2001, however, many correlating indicators are suggesting that we may be close approaching a confirmed pivotal change in the dominant trend.
Our first major indicator was the cross of the 50/200 Exponential Moving Averages which occurred in January of 2014. The last time these indicators crossed was back in the summer of 2003 following a massive monthly head & shoulders pattern in 2001 at 2.95000. This "Death Cross" contributed to the acceleration of the bear market following the H&S topping pattern.
We are currently witnessing an identical inverse scenario taking place as we transition into a powerful bull market. Taking a closer look we can see a 2 year descending triangle reversal pattern that formed from April 2011 - April 2013 with 1.4750 acting as the floor. Following the breakout of this impressive reversal pattern, we can take note of the 50/200 EMA "Golden Cross". Remember, the last cross of these EMA's was back in 2003; a solid 10.5 years ago. We have remained in a bull market ever since the most recent "Golden Cross"
The recent price action has been exceptionally bullish; with this pair currently reflecting a massive bullish channel. This channel developed following a complex ABC pullback pattern that occurred after the "Golden Cross"; re-testing the 200 EMA as new support.
Coming up to speed with last week, we had a massive bullish pinbar form at the key Support/Resistance level of 1.9000. This level acted as major resistance at the end of January 2014 which kicked off the ABC Pullback Pattern. We have now re-tested that 1.9000 level as support with a bullish pinbar that is indicating a new leg higher in this bull market.
Utilizing our Fibonacci Tool, we are able to measure and identify that each new bullish drive off the bottom trend-line of the channel has occurred at the .618 Fibonacci Retracement of the previous up-move. Price then went on to target the 1.618 Fibonacci Extension with 100% accuracy.
Keeping this in mind, the textbook price action of the last weekly pullback that ended with a pinbar reversal candle, point to the high-probability of the next bullish wave targeting the 1.618 Fibonacci extension at 2.07500. What makes this target even more appealing is the fact that the 50% Fibonacci Retracement of the last bearish leg down (measuring from the previous swing high at 2.7000 to the descending triangle lows) lies exactly at the 1.618 weekly extension at 2.07500. If this target is reached, broken, and re-tested as new support, this opens up the .618 Fibonacci retracement @ 2.22500 as Target 3.
Last week's bullish pinbar provides us with the proper technical signal to enter a long position on GBP/AUD with 3 logical upside targets. Target 1 being the previous key resistance at 2.000 which triggered the most recent bearish pullback. Target 2 is our 1.618 weekly Fibonacci extension as outlined above. Target 3 is the .618 Fibonacci retracement of the previous bearish leg.
INTC Death CrossThe last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at .42c which is down from last quarters earnings at .74c. With lack of mobile presence and technical chart issues this stock could soon be trading at 26.00.
USD/CHF - 25 Year Falling Wedge Breakout Confirmed USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed, the USD/CHF pair suffered massive downside losses due to the rapid appreciation of the CHF. Looking at long-term charts, we can see that this CHF appreciation acted as a fundamental catalyst to retest the backside of the falling wedge after breaking out back in July 2014.
We also reacted beautifully off of the .618 Fibonacci Retracement creating a higher low on the monthly chart for USD/CHF. If the USD continues to appreciate against the CHF, we will end Quarter 1 of 2015 with a massive bullish pinbar on the quarterly chart for this pair.
Confluence:
1. 25 year falling wedge breakout - Bullish Reversal Pattern
2. Retest of upper trend-line / backside of wedge
3. .618 Fibonacci Retracement Respected
4. Higher monthly low formed
5. Price remains buoyant above monthly 50 EMA for the first time since 2001
6. 50/200 EMA Golden Cross about to occur on Weekly Chart. Last cross of these EMA"s was back in 2002 to the downside (Death Cross), last upside cross (Golden Cross) was 1997.
7. Strong USD Fundamentals align with this Bullish View. CHF needs to catch up with USD Index.
8. Price has traded above parity for 5 trading days
Death Cross on $RUT $IUX makes the hunt for red octoberOn Sept 20th, we posted on our StockTwits about the formation of an Evening Star pattern. The Russell 2000 index managed to also form a death cross on the same day the Evening Star pattern was formed. This typically spells out danger for the future. As the indicators reach oversold territory, there is a chance buyers may bring it back up to the 200 day before this finally breaks lower. The 1100 support will probably be tested first.
