Levelsandzones
The fall continuesAs we expected, the price had corrected to 1.20 and then rushed down again. We anticipate the dollar to strengthen further and an overall decline of the pair. At the moment the body of the candle is below the level of 1,1920 and in case of fixation on this level we expect the advance to the level of 1,1860.
Technical indicators are also giving confirmation on the sale. Because of that we advise to take short positions and set Take-Profits near the level of 1,1860.
ANTICIPATING THE MARKETThis idea shows how the Sentiment Index indicator clearly anticipates big shifts in the Market.
The first situation shows the EURUSD consolidating between late 2016 and spring 2017 – the consolidation was characterized by a consistent decline in the Bearish Sentiment which ultimately led to a strong uptrend until early 2018 (1500+ pips movement).
The second situation shows the EURUSD in an opposite setup – a sligthly shorter consolidation charaterized by a decline in the Bullish Sentiment and a consequent breakdown of the pair.
Predicting market moves with JUST ONE INDICATORThis idea shows how easy it was to identify a massive opportunity on BTCUSD with the Levels and Zones indicator.
Basically, after days of sideways movement, the pressure started to build up and ultimately a massive explosion took place!
First, the Resistance Level moved significantly down (hence pushing price lower), then the Support Level made its move up (hence pushing price higher). Give it a few more time for the pressure to increase further (price is forced to move into a tight channel) and then the explosion takes place.
You can find a similar setup before most of the major impulsive movements across any asset and timeframe. First, pressure builds up then, the explosion takes place!
Thoughts on ETC Before AirdropWith ETC 4/5 days from the airdrop, we are sitting on a pivotal support level 300-320K. ETC has to hold this level and challenge the sharp downtrend that has continued for the past 5 days. I believe that we are still in a bullish trend as long as the bottom trend line is held but it may not be up to ETC to move if Bitcoin coins to be hyper volatile. If you notice the volume the past 5 days has completely died down because of this. I believe we will see another pump in the next few days but i will not be as strong as previously expected. We are also approaching the 50d EMA which could provide some support. Remember to set sell targets around previous resistance levels to ensure profits.
ETHUSD 60-Day Pattern, 14-Day Projection Analysis- Correction support level: US$560 range
- Primary support level: US$760 range
- Secondary support level: US$860 range
- Trending 14-day high: approx. US$1,060 range
- Key trend indicator to keep an eye on for the next 3 days: Will ETH stay above US$760?
The long-awaited SPY correction is hereThe SPY finally had its long-awaited correction with a 2.12 percent drop last Friday (see www.reuters.com).
In this graph, both the yolk and white are based on short and mid term support and resistance levels. I'm expecting the price to travel along the yolk, breaking out through A , and finally breaking through B . In both scenarios I'm expecting a sideways/bearish movement for the next days.
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"Letting losses run is the most serious mistake made by most investors." - William O’Neil
MSFT, automatic marking of important market prices with X-Lines.Regardless of the traded markets (stocks, currencies, currencies, metals), you can use the x-lines indicator to automatically build prices interesting to the market (support and resistance levels).
The indicator has only one setting, this is the strength of the levels (default is 9). By changing this value, you can customize the indicator for any tool. The lower this value, the stronger the levels will show the indicator.
For a more visual look, simply place the horizontal lines on the levels of the indicator.
Click the related ideas tab below and add the indicator to your favorites.