Csys

Csys

The chart shows the range's main Fib levels. A consolidation around the F.618 level is expected to form. We will be looking for a signal within the formation process.

Csys

Freestyle speculation.

Csys

This pair seems even better to short than GBPAUD.

Csys

Although I believe we still have some room in the upper side, shorting opportunities are to be sought to catch the corrective move.

Csys

Volume spikes after the inclusion of American Waters into S&P500. A Wyckoff student should expect a retracement at this point. Two key levels are drawn in the chart for a long entry. It must be kept in mind that this is a monthly chart.

Csys

After the break-away in the first week of February 2016 with a volume spike, the market is headed towards the North Pole, but first it needs to store some energy around the old top. I am sure many commentators will announce it a double top, which is really a rare pattern. Now what we need to do is to wait until it hits an upsloping TL, and then take our seats in...

Csys Updated 

5-wave completion at TL-ML intersection with Stoch(13,3,3) divergence in 1h. S/L around 161, R/R almost 1:20.

Csys

The market has already entered a supply zone. Weekly TL is so close, and converging lines whisper us something. We would trade this stock on the short side when the formation breaks.

Csys

What better suits a day like this than a well-formed trend channel!

Csys

I rarely witness this much of precision. The market is exactly at the intersection point of the bearish TL and the upsloping ML. We would short it without a second thought, and our S/L base point would be the high of the day.

Csys

Break-away possible to the both sides. A bullish move could reach until the weekly TL. Simple is good.

Csys Updated 

A lot of effort has been made to pass the resistance (see the volume of the last 3 days and compare it with the way traveled by the bulls) but it seems the bears are taking over the market. This downward leg might be a correction to the newly established uptrend, or there is no such trend and this is the continuation of the bear market. In either way, this trade...

Csys

This picture is not yet a head-and-shoulders, but it is likely to be developed in that way. The volume of the last three days' push is considerable, and this makes the breakout of the downsloping TL significant. For this formation to be a head-and-shoulders, the shoulder level should be visited.

Csys

It seems it's best to be just a watcher of this stock at the moment. If we have passed a major top, the technical details of the ongoing formation should give us a clearer picture in the following weeks.

Csys

Bullish momentum in play. ML to be visited.

Csys

We would take this trade only because of the bearish tendency of the overall market.

Csys

The price route in the chart is just one possibility among many. A clear signal is to be waited before taking action.

Csys

IBM is one of those early birds to announce the expected stock market decline, as its downtrend is already established. A double bottom island commenced a correction phase, at the completion of which the bears are waiting.