USOIL: 49 is expected as a selling zone USOIL: 49 is expected as a selling zone
But , target is not very low so far.
Check more updater later beneath the main chart.
Less is more!
Pressure
BBL ready for big move upweekly time frame showing momentum off of weak corrective move signaling strength
daily time frame nice gap up to new 50 day high to continue trend on positive volume pressure
long term hold
EURUSD *Wave 3*. 15 TF Analysis. *Watch 1.1700 and 1.17100 level*EUR is pumped by dragi and Bulls stil hold the power.*
*However, it is now in the long held support zones since August 2015.*
*A SR Elliott Wave 3 is now starting and lets see what happens.*
*Clear breakout of 1.1700 and 1.1710 would be strengthen the bulls more. *
*Alternatively, the strong US data coming out next week would be a good reason for the market to reverse with a head and shoulder pattern. *
Trade Safe
Digit Trader
$len losing momentum/distribution higher time frame is showing range bound price action- negative divergence in rsi
closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum
lower time frame shows price action in that same range contraction apply pressure to the support area with multiple retest
looking for alignment across all timeframes to tilt to the bearish side where theres is the least resistance to the downside
first level to 51.7x area and then down to 51.1x
KO looking for pullback before breakoutlong term trend is in a strong uptrend
intermediate time frame is showing long term moving average rising with the medium term flattening
looks like a shallow pullback with strong support confluences at the .236 retracement level and volume by price and dynamic support
volatility is contracted and congested at said area looking for an advance upward
rsi pulling back to support in 50 area with positive volume pressure
looking for entry in this area..will not enter if goes below 45.27 area
AUDUSD flirting with lows some renewed selling pressure Having failed to build on Monday's bullish gap, the AUD/USD pair came under some renewed selling pressure on Tuesday and has now eroded all of its gains recorded in the past couple of trading sessions.
With today's slide, the pair has now snapped three consecutive days of winning streak and is now pushing closer towards the key 0.75 psychological mark as traders now look forward to the US economic docket for some fresh trading impetus.
Bitcoin, preparing for upper Breakout ?!?!?
1. BUY ACTIVITY WITH VOLUME AND RISING PRICE (Why ?)
+
2. FOLLOWED FROM EXTRAORDINARY RISING OF THE HASH RATE (2x in some months)
+
BUY PRESSURE CONTINUE UNDER INCREASING OF THE HASH RATE
= 3. Bitcoin is preparing for a upper breakout!
This could happen from a instant lower hash rate (check the blue line) or with a small increasing every month (check the price in W or M timeframe)
DISCLAMER: This is my personal opinion, this is not intended as information to buy or sell bitcoins.
Dobbel topp USD Somthing is not right with the USD its sneaky :PAfter the NFP USD rallyed but didn't take out the lower high im expecting consolidation back to arcs the next week before retesting the Major High Creating a nice dobbel topp. Im Long USD until the purple arcs are beatn.
On the other hand If this Lower high Holds my previous post is still intact.
GL Trade safe :)
GBP/USD Analysis 01.05.2013Background:
Price found enough demand to halt its current downmove @1.46300 where the current minor rally
broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near
the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak
for returning strenght to the market , if we break the (green) demandline we may head down to at least 1.50280
which is the 50% retracement level of the current rally, any buying occuring at that level can bee seen as a further
sign of strenght , however if we fail to hold this level we head back to the support @1.4630 and any rejection at this
level can be seen as strenght yet again , however we may form a trading range between res.1.55520 and sup.
1.4630 for the time beeing .
Signs of Strenght:
Downmove came to an halt
Broken Supplyline
Signs of Weakness:
Price failed to take out the actual high
Key Levels above current price:
1.5520
1.5870
Key Levels below current price:
1.5028
1.4630
sidenote:
A downmove can only last for so long till their is a change in demand, and the balance of supply and demand
changes in the favour of demand , ie. the buyers are at least heads up with the sellers and stop price from going any
lower , if price then is in equibilirium ie., going sideways most traders agree on the same price "fair value"
value = price over time , this balance(cause) aswell only goes on so long till there is a change in demand and supply
and we have an imbalance(effect) and a new trend establishes till we find balance again..
