Can it climb above this point!?Maybe, just maybe theses Fib lines actually mean something, and will carry the price up if the price is above this target.
Hopefull
IWM short setup in the worksA break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted.
Fundamentally, it all hinges on the Fed meeting later this afternoon. I still believe a meager 25 BP rate cut will send the market hopesters to their "safe places," while they pout. Therefore, sending the markets lower while they sulk in their own pity.
Don't be a hopester ... use solid analysis. DO YOUR OWN RESEARCH AND BE RATIONAL ABOUT IT!! Yes, I know the markets are irrational at times. However, you can still give yourself an edge that the hopesters don't have by analyzing instead of guessing (gambling).
Gold buy signal with, Trendlines, RSI and MACDHi,
In 2017-05-09, 2017-07-07 and 2017-12-11, the RSI gave us very clear BUY signal.
We can see this signal again at 2018-06-20.
Maybe a tip from my side.
Take a look at my chart and leave a comment :-)
I can learn from you!
You can contact me on instagram @ties.boer
Kind regards
Ties Boer
something is going to happen at some point. who cares reallydon't trust people you meet on the internet
PAY, Elliot wave, Good RSIWhen looking at a higher timeframe it looks like we have a nice elliot formation going, Strong trendline and soon to be on top of the 6h cloud.
If we fall down to 600 i might sell, not sure.
From what i can see, i really like were it's going but i will keep tight stop/loss.
RSI crossing indicating we are still going up.
