IWM - Russel's next haltGiven the nice turn at the Center Line, we have a new target for the IWM: L-MLH...at least IMO.
The yellow pitchfork is here to see, if the ongoing flow, the direction will change, and if the momentum is increasing or not.
If not, price will trade outside the U-MLH. Otherwise we will see a fast and hard drop.
Mlh+1
RUT - Russel @ decision point - Russel an EntscheidungpunktNot much to say here - if it can break the actual pressing, then we probably will see RUT climbing to new highs.
The downside seems harder to break, since we can see lot's of support.
However - neutral to light skewed positions are not a bad idea IMO.
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Hier gibt's nicht viel zu sagen - Schafft es der Markt das aktuelle Pressing zu durchbrechen, werden wir höchstwahrscheinlich neue Hochs sehen.
Für die Short Seite wird es meiner Meinung nach schwieriger, da wir etlichen support haben.
Wie auch immer - neutrale bis leicht ge-Skewete positionen sind meiner Meinung nach keine schlechte Idee.
P!
GC - Gold, do it again...Here we are at the U-MLH.
Do we turn again south from here?
Dunno...
What I really know is, that price will reach the centerline over 80%.
So, from the perspective of the whit, upsloping fork, I would not initiate a short trade with a longer term perspective...
So lets just observe how price closes.
Above the blue U-MLH or below and how support will come in here or not.
P!
RUT - Russel likes to bounce it's head on the ceilingAs bevor in 2015, price bounced twice on the ceiling.
The tiny support is not really something, but it is kinda confirming with the last down Bar.
From here the pullback shall happen so we can enter short or buy more Butterflys for a soar into profits hehe...
Happy new week to all.
P!
MA - Classic L-MLH test/retestAltough price was in a hurry, it failed to reach the centerline, broke below and now we see the textbook test.
Even a retest (a second one) is possible, bevor heading south.
...trend and flow is still up - not even a prior pivot low is broken...so I have to play it small when shorting the retest.
GBPCHF H1: The Blue-To-Blue Final Stage?The GBP is the strongest currency of all the majors, although the CHF is not particularly weak. But the GBPCHF pair has confirmed, with its low on May 19th, that it's following this up sloping fork. Short-term it's showing a robust up trend. If momentum is maintained, price is likely to reach the upper median line parallel (a continuation of an Andrews' blue-to-blue trade) or at least the 100% level of the prior swing up.
EURUSD D1: At A Key Decision PointIf EURUSD continues rising above 1.15, it will mean it's bullish indeed, taking out the second major high. In this scenario we can expect price to retrace by 38.2% of the nine-month decline. On the other hand, this market may find strong resistance at the upper median line parallel, and give in just below this second major high.
The odds are with the buyers, as the USD continues being one of the weakest currencies, while the EUR is neutral or even relatively slightly strong (though not as strong as the CHF or GBP).