One for the commodities guys, nice possible short setup. I have an eye for these patterns, but they are not normally as abundant as they have been lately. Not all pan out, but those that do are pip hauling machines.
Just saw a possible short set up, but only valid if price breaks below nascent support.
I am already short on this, just sharing. My pending order has been triggered.
I'm getting bearish signals on this one, but it is wrestling with a support... price action has been very choppy. All the same am patiently waiting just below that level for a short entry. Not interested on long prospects on this one for now.
On break of resistance will mark a retest and support held for the time being (possible H&S or double top formation will ensue).
EURUSD is at the monthly low, it can pivot heavily from that level on either way. Longterm it is bearish EURUSD, but am leaning on a good retrace from this point, so a prospective long. If it breaks that level and moves lower superb move as well. One can have alerts or pending orders for both short and long, as which ever way one is going to get triggered. It is...
Stocks have had these setups, plenty of them these weekend. I have highlighted those with large possible pip moves... the Netflix move I estimate a 12K move over the next 2 to 3 weeks. So the same with Costco here, very large move.
Long, I guess part of the DXY retrace I talked about, same domain.