I will look at ETF PICK when it hits bottom of the channel. Still need to review the fundamentals though.
If we break descending trendline and break above current range I'll be looking for entry
I decided to rebuy into my previous long term loss- REMX www.reuters.com we declined 20% from the trendline (typical decline) I am not happy with technicals for this trade, pure fundamentals only...
We have a cluster of interesting indicators for trend continuation around 19-21.10.2018 Ichimoku cycles have significant day here (42) + kumo twist + weekly kinjun + possibly NT range pullback This matches with overbalance and 0.5 fib from last swing low and 0.382 with bigger swing low Also fundaments are good, eur should weaken and gbp should be stronger after...
Just as a reminder for my future self. Analysis provided by Mietek Siudek. We are about to test the low before we can rally big time - this is similar to Larry Williams prediction.
If we hit my blue+red targets (0.61fib+overbalance) - we could bounce - up to UHVA or only a dead cat bounce?
According to Larry Williams if we make a higher low we can be buyers here - targets are 330-335
According to Larry Williams Corn should go higher, TP 384-390 SL below Fridays low.
Thanks to TradeDevil's analysis I also looked into SP500 in the bigger picture. One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe. So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long?...
this is a test idea to check some concept on different assets
this is a test idea to check some concept on different assets
We are approaching a really nice opportunity to short this nicely looking bullish run. RSI showed bearish divergence before at the ATH already when we had higher high and lower high on RSI. If we cross second yellow line, or maybe third - right at the break down or better after a retest. I'd target latest volume area at around 100 levels. I would love to see a 9...
I've marked the zones with biggest volume on this 4hr chart with blue rectangles. We stopped at the top of the first one. If we break it - another one is marked below. Note that both those areas are from the bullrun - so those big buyers might have cashed out already
I think we may reach a little bit higher high but first BTC needs to bounce of the zone around 7450. It is previous high and also 0.5 fib of last swing high. It is also 20MA of the Bollinger (at the 2h TF). It is also bottom line of newly formed trend (an ascending triangle?)
I wanted to test latest video idea of Alessio Rastani about ABC corrections that bounce of the daily 100EMA or weekly 21 EMA. Currently we are below the 100days EMA so we are waiting for btc to reach it so we could short it. SL and Targets will be defined using other methods. There is some confluence for us to reach 7700-7800 so I'll be waiting for that while...
I've tried to put a wavecount here on the bounce. If this is impulsive we can have finished 1st wave up. Ideally would be if we correct 61% which is in the grey box - it is also a resistance and a previous low at around 7400 This wave 1 counthas some nice fib proportions on and might be finished. If now we'll break last high - this means that we've only were...
Now we have full 5waves down into A and we go up in 3 waves into B. If we measure wave A and biggest correcting move (4) we have a nice confluence zone at 0.5fib and 1.41 in between waves 1 and 4. It is also our previous high around 9200 so a nice spot to find a resistance here. If we reach that B target we can go further down to C and we have there another...
I assume we are in the 4rth wave. We had bigger retracement from 7500 to 6500 (wave II) and we expect wave 4 to be at least the same length. Another typical retracement level for wave IV is 38% of wave III. We hit a nice confluence there - also it is quite nice resistance zone with previous high. 8400-8500 is the target where we can reload for some longs to get...