$VRX Money Breakout Flow Alerton 5/13 3 confirm buy signals on 15/30/45 min time frame. Now looking at 1hr Chart Money Flow Breakout potential
Money Flow Index (MFI)
DivergenceNext week will define if this divergence plays out. Price's been visiting the center line of the fork without the force to close above it.
Wait a couple of sessionsAll these indicators show a resistance that we are close to reach, let's wait and see if it breaks or bounces. Price is also reaching one important level of the pitchfork.
TranslationThese two plays are almost identical in duration and price movement and on both occasions it started when market felt relieved that bottom was reached, marking the beginning of a new long term upward market, just to find later that bottom was on 1,272 extension and later even deeper.
Day of reckoning has come for oilThis last bullrun on oil prices wasn't really supported by volume and we can see that reflected on the OBV which increased only a fraction of what it fell when prices went from 34 top to 26 bottom. That is, volume was way lower on this 15 USD rally than it was on a drop of only half that amount !
This fake out, is confirmed by the money flow index, now coming back from oversold levels and breaking the wedge. This indicator has been rarely oversold and last time it did, price was around 100.
I believe we will re test 0,23 and maybe 0,5 both of them at signifcant levels from past peaks.
GBPUSD SHORTConfluences
1. KEY Weekly Resistance/Support at 1.4210 holding well.
2. Doji Formation on yesterdays candlesticK
3.Follwing Recent Price Action this is a classic pullback trade
4.KEY DESCENDING TREND LINE HOLDS
5. FIBO 23.6% retracement also acts as resistance here...
Crash Warning For Euro STOXX 50 Equity IndexRunning Alpha Capital Markets Intelligence re-iterates its warning posted on Jan 11th, 2016 to Global Investors of an Imminent and Persistent Crash, specifically for Euro STOXX 50 Equity Index ( Symbol FEZ ) .
The benchmark European index, the Euro STOXX 50 should easily retest the crash lows of 2009; USA equity markets do not have a crash signal, but will experience heavy volatility in near term before turning euphoric with a powerful V-bottom recovery from 2016 into 2017. Euro STOXX 50 will see unprecedented volatility -- off the charts and likely accompanied by rapidly deteriorating fundamental and geo-political events.
In summary,
* Long USA Equity Leadership and Short Euro STOXX 50 Index is an opportunistic strategy for the environment upon us now through 2017.
* It is likely that no matter how significant short term volatility gets in USA over the very near term, the persistent panic selling to hit Euro STOXX 50 Index across all time horizons from the near term to the long term will be so extreme that money flows will likely create an episode of strong relative outperformance in USA markets all the way into 2017.
Will Bitcoin crash? Or is now the time to buy? Part IIThe chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend.
Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this as a neutral outlook.
Will Bitcoin crash? Or is now the time to buy Bitcoin?As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's uptrend which started at $63.
I will watch which direction we take from here. I hope we make a double bottom at $445 or $450 and go up from there in October.
PPC Long, example of bullish divergenceexample of bullish divergence, double bullish bottom now forming, before good indicator that it would break out and turns out it did, now would be a good time to enter trade for a repeat?
