S&P500 has been forming a massive Bearish Cypher Pattern for the last two years on the weekly chart and is now aiming towards Support 1 at 4'190 USD. Losing it could send prices lower for a deeper correction towards Support 2 at 3'800 USD. Follow for more. Not TA.
On the monthly chart, Kering's outlook isn't looking great at all. Trading below ichimoku cloud and RSI below 50. There is a major bearish divergence spotted on RSI that isn't improving the outlook. Once EUR 400 - EUR 380 support is lost, expect some heavy selling towards EUR 240 - EUR 230 area. Could take weeks/months to unfold. This goes well with my fundamental...
Looks like S&P500 could be forming a H&S pattern on the Daily. Are buyers getting exhausted ? Let's see how it unfolds. Not financial advice. Follow for more.
On the monthly chart, Kering's outlook isn't looking great at all. Trading below ichimoku cloud and RSI below 50. There is a major bearish divergence spotted on RSI that isn't improving the outlook. Once EUR 400 - EUR 380 support is lost, expect some heavy selling towards EUR 240 - EUR 230 area. Could take weeks/months to unfold. This goes well with my fundamental...
Good Morning, Today we're looking at two interesting setups that look alike. Both EURUSD and US100 showing wedge structures on the Daily and 4H. This in our views offers good risk/reward opportunities to sell as these kind of structures typically tend to break downwards. Also MACD is curling down on the US100 which supports this view. This is no financial...