BTC and LTC inverse trendSeems that everytime BTC goes up, LTC goes down. If BTC goes down, LTC goes up.
Inverse
AUDUSD SHORTAUDUSD Sell
evening star + possible trendline bounce followed by a possible inverse head and shoulder ( i ll look for buy opportunities ) and I ll look to stack another buy after the broke and retest of the major trendline drawn on the chart.
EURUSD Potential Inverse Head and Shoulders Forming on the Daily Potential Inverse Head and Shoulders Forming on the Daily
Buy Inverse Gold ETF - DGLDGold has fallen through a support level - or the Inverse Gold ETF (DGLD) has broken a resistance level depending on how you look at it. Inverse Gold momentum is up and has been oversold since the beginning of the year.
SHORT ITIf the stock breaks below the 100MA, there is nothing left to support it. My bet is that it's going to go in the 31$ area. On top of that the elections are coming very quickly and this creates a lot of fear in the market. So if it breaks below the 100MA, I will be buying TVIX and VXX
USD/CHF - INVERSE H&S?Potential inverse head and shoulder pattern forming on the 240 TF, will be looking for a bearish RS down to 23.6% fib, then a bullish leg up to the monthly TL and look for a possible breakout. Just an idea on the current price action, let me know your thoughts!
PDCE formed Inverse Head & Shouldersscaling in here, watching bull flags and continuation patterns develop
go away in may play while margin debt is soaring good hedge good inverse eft-cci and percent r moving us why these are important in our book on amazon-stoc crossed-money flow good-stop loss on thursday close-first area of concern 50 ma and cloud
Fresenius SE & CO KGAA CHXEUR:FREDPossible 123 trend reversal + possible inverse shoulder-head-shoulder formation => Entry @62.81 (123 trend reversal) and/or @ neckline of inverse shoulder-head-shoulder formation
Possible taget values: filling of open gap @65.43 and target value coming from (possible) inverse shoulder-head-shoulder @ around 70.00
Possible stop @ around 60.00 (support by EMA20, 50 and 200) or @58.55 (right shoulder)
SPY support reversalIm long once price crosses above the green line in a 30 mn or 1 hr time frame. Market is exhausted and sitting on key support. The white lines are possible price action movements (definitely not gauranteed) that has a high chance of happening. usually the market likes to make an inverse head and shoulders or double bottom when it reverses so Im guess this bear flag that we are creating is either going to make a new low under 180 and fail to follow through or we will see the market make a higher low above 180.00.
Comex Market Analysis and Trading Tips - 10th Feb 2016 Overview :
U.S. crude oil prices pushed higher in early Asian trading on Wednesday, partly recovering from a 6 percent drop in the previous session led by concerns over demand and weak equities. Before that Crude oil fell for a fourth-straight session on Tuesday to settle $1.75 lower.
On Technical charts, Major trend of crude oil is strongly bearish and market is making lower top and lower bottom formation in downward sloping channel on chart. Market look like, it is likely to go below its recent significant low of $27.52. During last week trading session it has been taking resistance of 200 DMA on four hourly chart. Expanding of bearish gap of 200 DMA and 50 DMA dead cross on technical chart will fuel the down side momentum. Resistance is seen near the significant high of $33.55, while support is seen at $27.50. On intra day basis Crude oil price likely to trade lower today. If it break the support of 27.50 then it is likely to show the level of 26.00.
Indicators
RSI is still place in negative territory below the mark of 50.
Comex Trading Tips and Market Analysis 9th Feb 2016
Overview :
Oil dropped below $30 a barrel in New York as equities tumbled and no agreement emerged from Venezuela’s tour of crude-producing nations. Speculators’ short positions on crude were near a record and Crude oil Futures fell 3.9 percent.
On Technical charts, Major trend of crude oil is still negative and market is making lower top and lower bottom formation on chart. Market look like it is likely to go below psychological level at $30.00 again. During last week trading session it took resistance of 200 DMA on four hourly chart. It has been trading below 200 DMA and 50 DMA appearance of dead cross on technical chart. Resistance is seen near the level of $33.55, while support is seen at $29.55. On intra day basis Crude oil price likely to trade lower today. If it break the support of 29.55 then it is likely to show the level of 28.00.
Indicators
RSI is still place in negative territory below the mark of 50.
Best of luck trading guys and let me know how you get on!
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Anticipatory OverviewWe are sitting on a prior consolidation level (230-235).
These are the possible outcomes:
235 holds, we break up, inverse H&S resolves, target 280-290
235 breaks resulting in a meassured move down to 180
Last time market retested such a major consolidation level from above,
OBV was in a downtrend, thus price continued the downtrend.
Rightnow we have a similar situation only that OBV is in an uptrend.
This may be a hint for a bullish resolution of this situation.
Also we have a tripple bottom with long wicks at this level, suggesting strong support.
Large volume is required to create a convincing breakdown.
Check out the charts linked bellow for more details about my bullish bias here.
Cheers : ]
EURUSD Macro Look - looks to continue downtrend The Euro looks bearish here along with oil. It has been in a macro downtrend or downward parallel channel since 7/08' which only accelerated the downtrend in 9/14' with the accompanying rising dollar and falling oil prices which the rising dollar is inverse with most currencies and oil. Right now.......the Euro is consolidating along w/ Oil & USD. When USD starts rising again and continuing its uptrend........both Euro and Oil will continue their downtrend. Euro is showing a macro bear flag here w/ tgts. around .90. As always.......watch volume for confirmation.
Bullish GartleyImpulse leg XA followed by AB=CD correction into 0.786 level. Typical Gartley pattern.
Expect a bullish resolution the next days.
1. Target 262 is very likely
2. Target 275 becomes likely after break of yellow neckline
Stop Loss bellow the current double bottom at 235
Don't go all in 50x on this one, though. Cheerz : ]
AUDUSD 4 HOUR SHORTPrice bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on Tuesday so id advise to get in before the meeting because im confident RBA will be dovish which will weaken AUD causing AUDUSD to plummet
[Uptrend] Bitcoin - Leaving Inverse Head And Shoulders**UPDATE** **WE ARE NOW IN A DOWNTREND**
See:
With more information I can say that the green triangle was already the (short) uptrend after the inverse head & shoulders completed the right shoulder.
Because we broke through the neckline at 600 US Dollar, when Bolivia announced that they ban Bitcoin and meanwhile Bitcoin exchanges like BTC-E and Bitfinex have trouble with DDoS attacks on their service providers CloudFlare and Incapsula (and there are still discussions regarding the 51% issue with GHash) I expect a downtrend to follow. I fear the 600 US Dollar neckline turned from a support area into the new resistance zone.
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After falling down from around $675, we had a large inverse head & shoulders pattern, with a bottom at Bitstamp at $538 and a left shoulder at $550 and a right shoulder at $552.
We just completed the head & shoulders pattern with a retracement (pullback) to the neckline at $600.
Previously we tested the bottom of this trend 4 times, as I mentioned here:
-----------------------------Related Ideas---------------------------------------
I strongly agree with the "BULLS STILL CONTROL THIS MARKET" idea of ItisCalvin, which is currently the 'most agreed today' BTC chart on TradingView:
Another good chart showing the major support was made by Low Pro:
I also agree with the "BULLISH TRIANGLE TO 640" idea of LeMogwai, which confirms my theory. We are close to a breakout of his triangle - in my case - leaving the inverse head & shoulders pattern:
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P.S. Here is a Youtube video that explains the inverse H&S chart pattern:
www.youtube.com
