Squeeze Firing Long on EthereumAs I mentioned on Tuesday night, I thought Ethereum was coiling for another move higher. This afternoon around the time the news came out about the delay to the healthcare plan, we finally saw that move come to fruition. As I write this, ETHUSD is up over 5%.
If we can see the Squeeze fire on the 78 minute and 195 I'll be looking for a first price target of around 47.
Good trading!
Jared
Squeeze
BNO - Brent Crude Oil BreakoutAfter making a Head and Shoulders bottom price has now formed a horizontal flag. Volatility has reached new lows as price has coiled into a squeeze at the key level of 15.85.
I'm anticipating a resolution to the long side from the squeeze with the major trend.
Immediate target @ 19.56 and LongTerm target of the 2015 highs @ 24.23
AUDCAD - Sell Opportunity - Bollinger Band BreakoutAUDCAD shows a clear reversal on the daily chart. A Bollinger Band squeeze has set up a very strong Bollinger Band breakout on the 4H chart. RSI was recently overbought. TP set at fib retracement levels 61.8 + 100%. I have entered short upon 4H candle closing strongly through the lower Bollinger Band.
NZDCAD - Sell Opportunity - Bollinger Band SqueezeNZDCAD is nearing a support area. If price can break through and close below the lower Bollinger Band, I will enter short. There is a strong Bollinger Band squeeze on the 4H time frame. RSI was recently overbought. TP levels set at fib retracement levels; 50%, 61,8% + 100%.
CHFJPY - Sell Opportunity - Strong Bollinger Band SqueezeCHFJPY is currently breaking out of a very strong Bollinger Band squeeze. I have entered upon a bearish impulse. TP set at 249 pips near previous lows. SL set at 80 pips. I expect price to continue through resistance to previous lows as marked.
EURJPY - Sell Opportunity - Strong Bollinger Band SqueezeEURJPY is currently breaking out of a very strong Bollinger Band squeeze. I have entered upon a bearish impulse making new recent lower lows. I expect price to continue to drop to previous lows as marked on the chart. TP1 has 1:4 RRR at 345 pips. SL set at 80 pips.
GBP/JPY Price Squeeze - Short OpportunityGood Evening Traders,
After an impulsive move to the downside (green arrow), price has slowly rallied up into the previous structure low. Expecting price to break out of the triangle into the 142 level. Follow my twitter: BrightForex for more ideas!
Thanks and Good Luck!
Ike
$TDW - potential short squeezeCurrently 23% short float interest in TDW. Trending slightly above 20-55day EMA's. Beaten down stock from 9$ to $1.36 at it's 52 week low. Since it's low it's bounced pretty well tagging $4.50 at it's high. That will be the level where we could see this thing run with no resistance until we are above $6's. I put the support and resistance as such in the blue lines. Let's see how this plays out over the course of the week and I will draw trend lines and update as such.
Reversal at Major SupportBesides the past few months, this year has been extremely bullish for $NGD. Now that price has come to a major support area, It looks like the trend is going to reverse. I really like this trade due to the Squeeze Momentum Indicator showing bullish divergence, while also indicating a squeeze is going to happen. Also, on the WaveTrend Oscillator it is near oversold with a buy signal, and it is showing bullish divergence too.
Dow Jones: strong indecision caused by market moverDow Jones index clearly shows a strong indecision. We have confirmation of this by price movement, who sees from the beginning of September a compression area from 18,170 to 18,200 points. This is due to buyers who buy at increasingly high prices, and sellers liquidating their positions at ever lower prices.
All this has created a compression of price and volatility. A key resistance is located at 18,400, and represents a major obstacle for the average short-term trading.
A second indication of indecision is provided by exponential moving averages 9-21-100 periods, that are within the compression range. All these signals confirm the expectation by investors of two important market movers: the FOMC decisions with the announcement of the interest rate and the US presidential election.
Position itself in the market before the release of this information would be very risky, so it is suggested to operate with great caution.
The analysis is for educational purposes only and does not constitute investment advice.
Article translated from its original Italian language.
Copper: new bounce on annual support.New bounce on annual support.
Copper bounced back again to the important annual dynamic support.
This raw material is returned back into the price squeeze.
It is priced in dollars, will definitely important to see his reaction to the Fed meeting on November 2 and the US presidential election.
These two events could lead to breakout of the triangular figure, finally providing a directionality to this material.
Bullish & Low RiskWatch for LNTH to make a move back up to past resistance around $9.70, Price has just broken above the resistance line and it is also just above the 50ma which has been acting as a dynamic support for quite some time. Also volume has been increasing, MACD looks like it is soon going to crossover and the Squeeze Momentum indicator is currently bullish.
Momentum Squeeze Play, GSVIncreasing volume, MACD crossover, broken resistance line, squeeze momentum on. Price target of $3.00, for just under an 18% return.
Wedge Broken Towards UpsideLithium X Energy Corp. has just broken the small wedge it has been forming. The reason I think this trade has a nice upside is because the StochRSI has been showing an oversold level for a while now, the squeeze momentum indicator is showing that squeeze is on, and the stoch is just above the 20MA which it has been respecting.
TSXV Micro-Cap Trend TradePure Energy Minerals has been on an uptrend over the past few months. As you can see on the chart, price has been following a trend line that the stock has recently met again. The price has been respecting the 20MA - 50MA during the uptrend and price is currently positioned right under the 20MA, for me this looks to be an area of value to buy for the next move up. It has just had a very bullish day and the StochRSI has shown it moving up from an oversold level, also the Squeeze Momentum Indicator is showing that the squeeze is currently on and the MACD is about to cross to a bullish signal. Next resistance is around $0.93 and my price target is $1.06
Trade valid until price closes below trend line.
EUR/JPY - Pre-breakout structureVery tight and confined pre-breakout sructure on the 1 hour chart. If we get a breakout to the downside a move towards 111.000 is likely. A breakout to the downside is more likely in my opinion. If we on the other hand get a breakout to the upside we should see a move at least towards 114.500 (red arrows). A conservative play is to wait for the breakout and enter on a retest of the broken structure.
Erickson Inc SwingErickson Inc set up for a swing trade. Reasons shown on the chart, but several other reasons are also the RSI is gaining strength, CCI has moved up over 0, and MACD is showing a buy signal.