Huge gap resistance may give room for some downside. I am currently short with TP a little bit further down than gap close.
Retrace into resistance Looking for target in 437 handle. Further down the road my view is that GBP will strengthen. /R
Correction is needed but I would not be surprised if we could go even higher afterwards.
We began April with a retrace and now it is time for yet another. Huge confluence zone (approx. 2085-2092). - Robert
Sydbank A/S Danske Bank A/S Reminder: Q1 earnings in April 2016.
Deep C pattern ABCD Harmonic movement Pitchfork Looking for a sell signal at current level. Have a nice weekend!
Banks are generally bad performing and the danish bank, Alm. Brand A/S, offers a great short opportunity with RR above 2. Stay safe and happy Easter / Robert
Currently buying the todays Draghi selloff Shark pattern and inverted SHS may be the catalyst for +10.000 target.
My thougts about DAX. Notations on the chart.
Alibaba is in a correction and I look forward to short it. For now I think it will go to minimum $72-75 because of a Bullish Bat, Morning Doji Star, and Harmonic move.
Bullish Bat pattern. Looking for a retrace up into volume area approx. 38,2%. - Robert
Longing DAX at 9300-9350: - Harmonic movement - Bull Bat - Complete structure
Look for $34 or $29-30 handle.
- Under 200MA - Bearish candlestick - Possible Bat pattern - PRZ in a zone that is highly recognized by the market