Japanese equities are following their european peers and breaking out of key resistance level. Weekly chart has confirmed the move. This could be the stat of at least a minor bull trend.
BLACKBULL:WTI Crude has reached the top of the long-term triangular structure. Momentum benefits the upside but the long-term liquidity trendline is more important. Optimism (as per Sentimentrader data) shows a potential optimism. I will wait for the breakdown of near support to enter short
Another week of strenght after key level has been broken for commodities. ATH resistance near by.
One of the most important gauges of marker strength seems to be coming back from the dead. This is very positive (if can be maintained).
After shocking elections the 24/11, stock index in Romania VIE:ROTX has started to break key levels (this started before) and does not look very promising from a technical stand point
EuroStoxx broke key resistance (with Weekly confirmation). This is a key level full of liquidity and psychology. In my view, if this is defended, only good things can come.
Even though many sentiment indicators (i.e. COT reports) talk about a very crowded CAD tarde, the Daily and Weekly chart still support the uptrend up until ATH.
AMEX:XLK XLK has been lagging and the Relative Picture agains SP:SPX does not look promising. The triangle-like pattern is not good for the sector that has been the fuel for the stock market. Not a short view yet for me, but a cautious one.
Gold has broken the consolidation triangle and still stays above averages. Nice RR > 2 (you can even go up to RR with the decisional pivot point below).
RSI above 50+Brekaout+BIG VOLUME
Cup+Bout+volume+bullish candle+macd positive+good earnings+recently tested 200DMA
This is the best entry for a trade: test of 200DMA. Fridays positive action gave me a bullish bias, though if 200DMA is clearly violated a short position would still be a great trade
The longer term shows a clear downward trend. Price was unable to Breakout 0.87ish area & broke down 200dma (best benchmark). Yesterday a kangaroo tail formed near 200dma resistance. This is a great Low Risk Entry Point for a short swing position. Risk-Rewaed Ratio is the best it can be. If 200dma is violated and price cleses above I would consider a Long Position
Support has been taken off after testing 200dma resistance
FX:EURUSD broke down the support level. 1st target the Support leverl tested last couple of years, 2nd target hight "Head". Stop Loss above bear candle.
VIX has reached its target. Let's have a loop at the index price action that might give signals of exhaustion. We might get another leg up.
Dodge coin has a confluence of signals indicating potential bull move: 1) BOut Trend + Res 2) Test Support 3) Supertrend positive in D1 timeframe (not yet in W1) 4) Overall Crypto market gaining land.
Hi everybody. I want to pick your brain about my swing trade / position trade entry idea on BTC. Investment thesis: FUNDAMENTALS: Long Term: Liquidity expanding + China Stimulus / Raoul Paul GMI concepts. Time based: End of quarter rally + cycle stage should come with a rally. TECHNICALS Weekly: FVG in Support tested several times. ...