Hello, Traders! I have come across an interesting opportunity today.! SOS looks to have formed a solid demand zone near $2.25-2.50.. There has been a lot of speculation behind this company in the recent year and had a massive dilution in shares this year.. From about 24 million shares to 184 million shares roughly. The company has not released an earnings report...
After gapping down at the weekly open, the Euro tested 1.18300 (last weeks high) after a FBO of the consolidation range (1.18100-1.18200). The market then dropped into the 4 hourly support region (1.17800-1.1800) and has retraced to the lower end of our initial consolidation range (1.18100-1.18150). According to our fibonacci wave count, a rejection of this...
Eur/Usd in short-term uptrend (retracement/liquidation). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily range (1.1700-1.2000). Buyers now coming in @ 1.17500-1.17650 (previous weekly/daily support) 4 hourly bearish signals above 1.18500 (61.8% of initial bearish impulse down) will signal swing trades into...
Eur/Usd in short-term uptrend (retracement/liquidation). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily range (1.1700-1.2000). Buyers now coming in @ 1.17500-1.17650 (previous weekly/daily support) Bearish signals above 1.18500 (61.8% of initial bearish impulse down) will signal swing trades into 1.1500-1.14500....
Eur/dollar in a short-term uptrend (liquidation/retracement). After contending weekly support @ 1.1700 buyers momentum pushed the market back into our daily consolidation range (1.1700 - 1.2000). Looking for sells above 1.18500 (61.8% of initial bearish impulse down) Daily Support @ 1.17500 (previously a weekly support turned resistance) && Daily resistance @ 1.18000
