USDJPY-Weekly Market Analysis-Nov19,Wk1I'm in for a breakout trade and trend reversal trade for this pair. I'm waiting for a retest of the base flag or even better, a Bullish Shark Pattern for a buying opportunity and extend the target upwards.
Trendreversal
EURUSD Buy Position, BREAK OF TRENDThis was a bit tricky to spot but on top of all those confirmations if you draw Fibs on the 4hr its testing 61.8%-71.00% with a 4Hr Doji candle,
FOMX - Foamix Pharma Reversal Pattern FormedOn October 18th, 2019, the FDA approved Amzeeq, otherwise known as FMX101 for the Israel based pharmaceutical company, Foamix. Amzeeq happens to be the first and only topical monocyline treatment to be used on acne patients. In anticipation of approval for this new product, shares of FOMX rallied from $2.53 per share on 10/08/2019 all the way up to highs around $3.63 per share. As it turns out, the anticipation for the approval is now correcting lower to what seemed to be overbought conditions in anticipation. FOMX 101 is expected to be entering into the market early next year with the hopes of being on shelves for January 2020. This new topical treatment will be entering the dermatology market which happens to be worth several billion dollars. This is very good news for a company that has been anticipating FDA approval for several years, these are make or break moments for new companies.
If you look at the chart above, I posted what seems to be a hammer which I am waiting for the end of the day for confirmation. If this pattern holds, this may be a reversal pattern to hop into FOMX to join the reversal towards December price targets between $3-$6 dollars. Watch to see if the hammer pattern holds, then watch to see if the reversal in confirmed. If we see a reversal, we may be looking towards short terms gains of 25% and higher. Option markets are pricing in a high volume of $4 and $5 strike price calls for december.
Cheers,
AC
AUDJPY - DOUBLE TOP? or TREND REVERSAL??$ can go in either 2 ways it can break the resistance its at. Or it can create an "M" formation (double top) and drop down. Wait for confirmation, and make the move but overall, $ has not dropped below the monthly support (71.103) since 2008, although $ has came down to the support it only touched it and revered its trend. (71.103) has been a strong support for a while now. I believe $ will make its way to the monthly resistance (81.388). I say this is a buy.
BTCUSD: Bitcoin's Full Moon Reversal 6 Month Pattern Part 7: Full moons in 2019
May 18 Flower Moon
Jun. 17 Strawberry Moon
Jul. 16 Buck Moon
Aug. 15 Sturgeon Moon
Sep. 14 Harvest Moon
Oct. 13 Hunter's Moon
Source: www.space.com
If Bitcoin Repeats History?
Part 1: Descending Triangle Looking Similar To 2018
Part 2: Measuring The Move of the Descending Triangle Breakdown
Part 3: A repeat of 2014? Worst Case Scenario A $2,500 Low
Part 4: If Bitcoin Repeats History? Extrapolating 2012 Breakdown
Part 5: If 2017 Descending Triangle Repeats? Best Case Scenario
Part 6: If Bitcoin Repeats History? Monthly TD Sequential Red 1
Part 7: Another Bearish Indicator: 200 EMA & MA Bearcross
Dash Forming a falling wedge near the bottom of a channel.So here's a trade setup that I have been looking at since mid September.
Dash in a falling wedge at the bottom of it's channel that it's formed over it's entire lifetime with a massive 100%+ measure move.
The recent pump and dump had me worried that it may have already played out but the pattern is still there and this is hard to overlook.
My Targets:
Buy zone between 75 and 50
(Anything below 50 is a no trade zone.)
Take Profits: 108 and 220 then maybe hold some with something to the affect of a trailing stop loss to see how high you can ride a potential new cycle.
If we don't breakout immediately i don't see us going much lower than 55 dollars.
I think now would be a good place to look for massive upside.
Dash is most certainly looking clearly upwards more so than ETH which looks confused at the moment.
EURNZD -Possible Reversal???EURNZD - We've seen three attempts by bulls to break through resistance. Another attempt by bulls? Watching for signs of a reversal. EURNZD is up 1200 pips YTD, 900 pips since July. Bulls need to muster a convincing break above resistance or seller's are likely to step in. Watching for any signs of life in NZD index... EUR is starting to show possible signs of weakness in other pairs. See EURCAD channel breakdown related idea.
Placing sell limit at resistance, with stop above the highs... Three rejections tells me fourth attempt likely to be rejected as well...
Will update the idea as it progresses.
$FLL Looks Set To Keep Climbing The Charts$FLL has not been a great investment for long-term holders, but the worst looks to be over.
The price action the past 2 days has been positive with both days green on higher than normal volume.
$FLL looks to be a worthwhile punt at current levels.
Full House Resorts, Inc. owns, develops, operates, manages, leases, and/or invests in casinos, and related hospitality and entertainment facilities in the United States. The company owns and operates the Silver Slipper Casino and Hotel in Hancock County, Mississippi, which has 920 slot machines and 26 table games, a surface parking lot, approximately 800-space parking garage, and 129 hotel rooms; a fine-dining restaurant, a buffet, and a quick-service restaurant, as well as oyster, casino, beachfront bars; and 37-space beachfront RV park. It also owns and operates the Bronco Billy's Casino and Hotel in Cripple Creek, Colorado that has gaming space, 36 hotel rooms, and various acres of surface parking, as well as 1 steakhouse and 4 casual dining outlets. In addition, the company owns and operates the Rising Star Casino Resort in Rising Sun, Indiana, which has 917 slot machines and 25 table games; a land-based pavilion with approximately 30,000 square feet of meeting and convention space; a 190-room hotel; a 56-space RV park; surface parking; an 18-hole golf course on approximately 311 acres; and 5 dining outlets, as well as a leased 104-room hotel. Further, it owns and operates the Stockman’s Casino that is located in Fallon, Nevada, which has 225 slot machines and 4 table games, a bar, a fine-dining restaurant, and a coffee shop, and approximately 300 surface parking spaces; and the Grand Lodge Casino that has 270 slot machines and 17 table games, which is integrated into the Hyatt Regency Lake Tahoe Resort, Spa and Casino in Incline Village, Nevada on the north shore of Lake Tahoe. Full House Resorts, Inc. was founded in 1987 and is headquartered in Las Vegas, Nevada.
As always, trade with caution and use protective stops.
Good luck to all!
EURGBP - Potential Breakout and Trend REVERSALHi Traders!
The market was moving since very long in a healthy downtrend.
Now it broke the upper trendline and the 50 EMA too.
The market is out of the channel.
If it is a trend reversal, we're looking forward to buy the swing until the resistance at 0.89700.
If not, then it'll continue its trend.
Thanks and good luck :)!
UJ reversal developing Bullish Shark bearish divergence This pattern should be considered bullish , but the divergence says its not
It is still developing so lets see how it plays out. It might turn into another pattern but time will tell
Place short orders at 78,6% fib
Take profit: just above 161%
Stop loss: just above the 78,6%
Like the post, comment with ideas below and follow me for harmonic analysis!
God bless
Short term trend change has taken place for Overstock. Buy!Overstock has crossed important 15M EMAs (21 and 50 periods EMAs), which have been key support / resistance indicators in the short term. Considerable upside could materialise.
ADA. Positive trend reversal. Buy!Since 27 June where ADA uptrend reversed to a downtrend signalled by the 4H 200 EMA negative cross-over, ADA has now again reversed its trend by a positive 4H 200 EMA cross-over. A new short term bull trend could start right now!
harmonic AB=CDAB=CD will trigger entries on the butterfly
Price action is telling us it is time to go down and currently looking at great risk:reward ratios.
Dont forget to like the post and comment with ideas!
Follow me for more TA
Thank you all
Maybe time for a reversal on the Euro/Hungarian Forint?The Hungarian forint recently created new lows against the euro.
Seeing as the move is overextended I will be waiting for a major breakout, retest and then continuation to the downside respectively to decide the trading position for me.
Daily is still bullish so I will prefer a very bearish daily candle before I decide to slide down with price action.
08-13-2019 GBP/USD long opp.We are really close to the end of the entire cycle (point C).
I believe point C will act as strong support or buy/demand zone.
1.199XX area is the lowest of the Cable, so stay tuned.
Big buy opp coming.
BTC Breakout or another Fakeout - This is the day we find outBitcoin has been volatile and without clear direction since falling from its local high of 13800~. Anyone who has paid attention lately is aware that BTC has formed a steady upward-trending support, and has been rising throughout the last week on low, but steadily increasing, daily volume.
The bulls might have pierced this channel briefly, but they failed to hold it for a whole day.
Now, according to the above chart, our current trending support will intersect with the resistance that has kept BTC subdued for over a month. This will give traders no choice but to send the price up, where it will challenge this year’s high and perhaps go further, or back down, dragging on this period of consolidation for a few more weeks at least.
These trends intersect on August 10, although we could possibly discover the direction sooner. Others have made the following point, and I believe it will hold water: if we close above 12K on August 10, that’s a green light for a new rally.
My take: this week resembles the setup for a bullish breakout more so than a fake out. Consider the following:
1: Volume is subdued, but rising gradually.
2: The MACD on the 1D chart has flipped green recently, historically a sign that the correction is over.
3: The daily gains recently have been very consistent, apart from the recent pullback from above 12k. That’s normal when BTC moves up while fighting strong resistance.
Tell me what you think, if you disagree, or if you think i’m an imbecile below.
Silver May Make a Big MoveSilver has already made a descent move up the last few days, but it has also formed a large Double Bottom. If we breakout of this neckline we could see a move up to $18.00 or higher.
BTC Dominance grows until the end of July - then trend reversal5 waves since the lowest BTC dominance of around 30% are almost completed. Wave no. 5 is underway and ends between July 23rd and July 27th 2019. After we will see a trend reversal, which brings down the BTC dominance again making major altcoins stronger again in terms of dominance.
Happy surfing
EURJPY Breaking its Downtrend in H1EJ has clearly broken its downtrend these days and now it retested + respected the 200 EMA in H1. I see a reversal.
