Kicker follows through on Nasdaq 100Notice this week's candlestick has fat body meaning the bulls were in overall control following a kicker signal, this is what you'd expect to see after such signal for potential change of direction.
It's important to point out a similar kicker signal a few weeks ago has no follow through, instead the very next candle is a inside doji followed by an bearish engulfing candle.
Verdict: current change of direction remains in effect as long as there's no contradictory patterns showing up.
Price-action
50%+ gains incoming for Chainlink According to chart patterns only. Do your own research . Chanlink seems to be looking to push above previous $9 area. With a temporary retracement to $8 before topping off at/or around $10.90, where there still seems to be minor resistance. Expect a deep pullback at this point.
Good night everyone this is my idea for a EURGBP I really Prefer Selling however the market can do whatever it feel the need to do. Because of that fact i decide to mark two types of analysis in case price make a turn around.
As i always Preach please use proper Risk management as we all know there's no 100 percent Strategy
GBPUSD - next move? "Bullrun" - yesterday was a great one
Im neutral today - honestly believe the bulls arent over right till 1.16790 - possible 170pips with the right entry
also we have price inefficiency noted 1.13800 they may want to run it before it takes off
Looking for shorts during London and longs in NY if everything works out..
Yesterday high will be taken and then we wait :)
LongThis analysis is a continuation of the previous analysis.
Other points include the weakening of the trend at the end of the second leg. It is full of fake breakouts and consecutive pullbacks at different levels
And keep in mind that we fluctuate in a certain price range
There are other points in the chart.
(We are traders or analysts, not forecasters)
Long What can be seen in the chart, apart from the discussion of fundamentals, we are at the end of leg 2, and leg 2 overlaps with the break-even level, and these chats that occurred at the end of the trend can most likely be an extension Gap.
In general, this correction can be considered a pullback at the breakeven level (19,000).
But for more believers, it is possible to wait for the breakout trading range that has been specified. or looking for signal bars with good gap
The next reason is to approach the long-term trend line of the chart.
2000 Pips for Grabs as the new kicks offWhat may possibly play out as we go into the new week-2000 Pips .In my personal opinion S&P 500 has been largely bearish since 22nd Sept though a pull back on 4th Oct.which is normal in order to regain some momentum, However The Friday NFP news triggered the continued bearish momentum which pushed the price to currently 3631, so i may likely be placing my SALE.and my First TP @ around 3572 and 2nd TP somewhere before the .27 Fib ext.,Until then will i reanalyze for any possibility of change to Bullish or not.
BTC QUICK ANALYSIS OF PRICE ACTIONBITSTAMP:BTCUSD
btc is currently down trend. after breaking out of rising wedge we had seen massive decline in price.
no btc seems to be forming a falling wedge which is bullish for short terms.
what i think the price will do is to retest 20600 and gets rejected so we can retest the lower of june-july.
right now we can also observe bullish divergence in rsi which is yet to be confirmed.
make sure you should put massive orders when btc hit 19200 and place your SL below 18600
Long term action price fib for BTCII we look:
All shorts open interest
Fib Levels
Action Price
Movement slowly down
All negative news
This only said to me this can go to the other side now. lets see if is like this. is not in the zone of short targets yet but not always we reach that. in other hand, we reach a good point to continue new wave upside.
audusd multi timeframe analysis and forecasthi communnity,
i spend few days analysing this pair, and here is my proof of work, it is only price action:
- i use price cycle with elliot wave theory
- i used to concept of ranges( orderflow; internal/external liquidity; break of structure etc;...)
- to enter a trade i use concept some simple but clear rules
the most important thing for me, is to analyse price with elliot wave theory, it radically change my rate of success when i start to use it, and you can see it on my ideas
> for audusd, my forecast are labelled in white, i see this pair making a pullback in the area of 0 ,62000 before a strong uptrend