CADJPYWait for reversal signals before trading the AB leg. Had convergence at the bottom before impulse to confirm the elliot wave.
:)
Divergences
Divergence ? Short ?Maybe divergence @MACD
This is new high
time for correction @D1
End of N structure (Ichi Wave) @W1
Counter trend trade with divThis is a general market commentary and does not constitute investment advice. Follow your plan and rules. Good luck!!!
USDJPY Short AnalysisWe have a channel structure based short position with some MACD divergence.
I actually took the trade on the 1 hour chart on the break an retest of the symmetrical triangle. Target is the yellow rectangle zone.
Will add to position at the previous channel line IF we retest around a 618 fib retracement.
USDJPY Bearish AnalysisIn this analysis I highlighted a double-top formed off during last week's trading
We now approach the downwards sloping trendline and the structure zone (red box)
I will be building a short position. This trade has two target areas, each represented by a green box.
The red horizontal line and green horizontal line on top and bottom of the chart represent the D point completions for the Gartley & Bat patterns from last weeks post.
Daily Divergence in USDJPYThe appearance of divergences detracts possibilities to reach a downward path.
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A HUGE LONG FOR AUDCAD HAS JUST STARTED ?Please feel free about telling your opinions or denials .. I would like to hear what do you think about this. And for not to miss updates please follow me. It's a long term trade and maybe situations get change by time..
GE weekly playing off Fibonacci levels for support/resistanceThe $GE weekly appears as a channel up coming into a rising wedge coupled with neg divergences in RSI and Chaikin Money Flow.
I've highlighted notable points of support and resistance within the channel, as relative to the 200 MA and Fibonacci levels. Expecting a move back to the 61.8, and potentially the 200 MA/lower channel extreme.
AMZN daily going to repeat itself. Big move down coming.History repeats. Reds are uptrend lines. Mega phone broadening wedges. Note gap and divergences similarities.
Huge move in AMGN coming. Huge.NASDAQ:AMGN
Diamond top pattern on weekly with negative divergences in both the RSI and MACD indicate downward future direction.
Based on height of overall pattern, pattern target is near $100. Should a break upward occur (not likely based on RSI and MACD), pattern target would be approximately $210. See Bulkowski
High volume nodes and POC labeled.
Bearish divergence in S&P500OBV not following prices. Very unlikey INDEX:SPX makes a new ATH (All Time High), but even if this happens it should be unsustainable at this volume levels. A correction is the most likely scenario for the next 2-4 weeks.
Are we going to start a long for a while ?I really would like to hear your feedbacks and opposite ideas.. Express yourself freely as the way you want. Because i will learn much more with this :)
Bull Divergence on PYPL in the 2 hour time frame both the MACD and RSI are showing bull divergence from today price action. I think this recent downward movement is overdone and expect to see a short term pop back up to resistance at 39.50
Oil analysis update on daily chart (2016-03-12)Oil will meet a huge resistance at around 39.8. The daily RSI also shows a divergence. These will result the pull back soon.
But from time cycle analysis, the correction wave does not finish yet. After the pull back, oil might go up again to 43.5.
Good luck for everyone!
