Bearish Flag on Gold!? 3 POSSIBLEOUTCOMES:
Illustrated in white, orange and pink
If you check back my analysis, i've projected GOLD to drop toward the 1130s since it broke a weekly trendline a few months ago.
In a longer term, gold has been falling quite fast.
It wasn't up until a couple of weeks ago, when the USD took a hit because of tariff sanctions and a few other fundamentals, that gold made a try to pick up strength again.
It failed to retest yearly lows near 1160s, and broke the strong resistance and psychological resistance level of 1210s, climbing to a lower high near 1245.
What we are looking at currently, is a retest of such resistance level near 1210 (where price is at 1209s).
Important to point out:
Bullish channel making a try to change the market's trend back toward 1300s.
Key points:
Price is just on the edge of the support-trendline of such channel which is also an important support (1210s).
BIG QUESTIONS:
1. Will the support hold?
2. Is this a bearish flag?
3. Is this a type of ABC Correction of a long term trend?
Shortsignal
Interesting SHORTS graph structure. NEW ATH COMING?!Previous highs become support for the SHORTS.. 3 times from now..
Will the ETF decision create a new all time high? It's more likely that the ETF will not be approved and this could mean we will see a new all time high on the shorts graph.
When we get a approval we will see a huge jump in the BTC price and the shorts will probably squeeze towards the bottom of the sea.
Time will tell guys!
$SNAP To Single Digits$SNAP Just broke below $12.00 support which is now the resistance. DAU decreased last quarter and rev. growth will also slow down. Given its growth prospects, I do not think this co. deserve a 15x p/s. At $11.64 it looks like a good price to open a short. Insiders are also dumping.
Signal Stream - NZDUSD Short SignalJust now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately.
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
NZDUSD has been strongly ranging sideways for the last month.
A short signal appeared in the upper portion of this range, but not quite the top. Given the strong range we've been in, it was very probably that price would move against us to continue exploring that resistance level.
Ultimately price rejected that level and dropped back down, now stalling near the bottom of the range around 0.67250.
In addition to the strong horizontal S/R level we're at, price is also sitting on an long term ascending trend line, established by lows in 2009 and 2015. Screenshot below.
Support has has been holding, but I am definitely neutral. I am looking for strength signals, however it's possible for price to break strongly to the down side. As always, I'll be waiting for Signal Stream signals.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD .
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
Signal Stream - LTCUSD Short SignalJust now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately.
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
This was a pretty straight forward signal on LTCUSD. Nice short signal appeared close to the top of an S/R zone around 85.00.
Price hit the initial close range target and like ETHUSD continued to drop, stalling around the 72.00 level. Also like ETHUSD, LTCUSD is at a significant S/R level going back to the June and July, which was initially established way further back in November and December of last year.
Support has has been holding, and while I personally am waiting for a clear long signal on this currency, I will definitely be taking the recent downtrend and Signal Stream signals into account.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD .
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
Signal Stream - ETHUSD Short SignalsJust now getting some time to sit down and make a few posts. There have been a number of excellent signals generated lately.
** Note - lines were drawn by me. The vertical lines are where the signal generated, and the horizontal lines are initial close range targets.
We were able to catch a couple signals during the most recent downtrend on ETHUSD.
Price dropped and is currently stalled around the 400 level, which is a pretty significant level going back to the end of June, then April, and then even further back to December.
Support has has been holding, and while I personally am waiting for a clear long signal on this currency, I will definitely be taking the recent downtrend and Signal Stream signals into account.
There are many ways to trade Signal Stream.
Signal Stream signals have a high chance of hitting their targets even if the market moves in the opposite direction, long after the signal appears.
It's like the market is attracted back to these levels if they don't hit it immediately.
Celebratory sale for signal stream happening now!
Get lifetime access to this subscription indicator for a one time payment of $67 USD .
This offer is good for the first 100 clients, after that it will be going to monthly subscription at a higher price.
PM me for details or learn how to purchase Signal Stream here!
BOSKALIS still bearish BOKA is showing a significant break through the 23 level, aiming for the 21-20 area at least.
If this clearly breaks the level, we can expect a further move down.
What might potentially happen:
- Price goes down and finds support around 21-20 area
- Price continues going down ; first targets are around 18
HOW IS BTC GOING TO FALL ? THIS IS HOW IT'S GOING TO BE -UPDATEHi Trading Viewers,
A few days ago, I posted a similar projection, but it wasn't quite perfect. So, I am updating it here.
How to Spot a bear wave ?
How to spot the beginning of a Bull wave ?
It is probably the hardest job on trading. It means to find the very bottom of the price, before it goes up for a long run.
Panic or Excitement are common, and shake the market.
Most traders already felt that market is heating up, but to know the best price to enter before the bullish momentum really comes is something difficult.
Now, bulls are trying really hard to get the price up, but they cannot pull price through MA 100, this is a wall.
RED ARROW DOWN should be the start of the fall on daily chart.
For more information check the related charts below.
Feel free to: comment, suggest better ideas, ask questions inbox, help me improve, post a better chart on the comment, and GIVE A LIKE or FOLLOW.
GOOD LUCK. GOOD PROFIT.
OMGUSD break imminent One of the only charts I have been watching today just because the range is so tight! A break of either of the blue lines will give us some clues in which way this is headed. Blue lines are taken from the high and low on the hourly TF and the yellow lines are from the 4H. Take some time and go look at the entire tightening range for yourself on the 4H. I am leaning bullish but am not entering a position until we see a break of the local top. Be prepared from some volatility because with a range this tight I'm sure we will see a big move play out. It is worth mentioning that if we break below $17.2 we will dump, short accordingly.
EURCHF short trading planEURCHF is stading on a major W1 resistance TL and we may look for short oppotunitites if price gets rejected from this resistance level.
Currently price is about to form Bearish Gartley pattern and D leg of gartley pattern also laying on a minor resistance zone.
Once price reaches this major resistance level look for clean sell price action candlestick pattern confirmations in order to take an action on this pair