Peter Brandt brought to my attention via X that bull flag broken to the upside after 50DMA test from Ripple. We have a decisional level above which indicates the maximum level pre the multi-year bear market that needs to be surpassed. Still I thing is nice to have it in our radar.
Even though I am long BTC, GETTEX:92K (target of daily brekout) has been used as liquidity (support). As a antithesis to my long bias, if the HnS / Wyckoff formation breaksdown, the target could be $75K. More realistically I thiknk it will go and test the $81K - $84K zone. Until $85K ish I am bullish.
SP:SPX NYSE:ES has broken down a relative support. Potential further lower prices ahead. SPX Adv-Decl made new low. Extreme bearishness might be good buying points.
AMEX:EEM has broken Supp + trendline mainly fueled by China's downturn and Brazil.
Vix has reached its triangle target (with RSI > 70) and SPX is still below weekly Cup target. Let's have a look at the most recent zone for potential entries. I believe we still have a nice long push in the near months.
Not a prediction of down trend, but NCDEX:GOLD has made a weekly inverted hummer with the wicks near the target after the multy year box Breakout. Movement might come to a consolidation
NYSE:ZAX is showing intermediate term bearishness. Trend-Supp has been broken after rejecting historical resistance + RSI < 50. Year change > 0 so LT up trend still on place. Stop: $ 5480 (above bearish candle and 50DMA). 1 Target: Important Sup in $ 5260ish (B:R 1:1 approx.) 2 Target: $ 5180 (B:R 2:1 almost).
USD/RUB closed firmely below its 25DMA which has worked as a nice support zone. I'm not saying its time to go bearish, but this benchmark is a clear oportunity to enter a Low Risk trade.
After not so good EPS and after-hours lower trading+Big Kangaroo tail (inverted hammer) near resistance making a potential double top+MACD debilitating, I think this is a nice short/covered-call/long put trade. Risk:Reward is good. I'd put my first target near classic 50DMA and take it from there. I don't know if this is going to be a meer correction or a...
Pennant+retesting 50DMA+RSI above 50+MACD Histogram about to turn positve. Moving Averages are the best entry points. Great risk:reward ratio also.
RSI is above 70 (because this is a heavy index RSI usually stay in between 30 -70)+Kangaroo tail w/big wick after 10.5% advance+MACD near crossover. This price action tells me we might see some sort of correction to 17.340 level. This is by no means a "SHORT INDEXES" trade. Just a minor throwback before Dow Jones continues to climb higher
Price action+Sentiment show a reversal soon
After clear Bout price has throwback to buypoint giving us a new Low Risk Entry
Nice breakout and throwback. Nice Low Risk Entry Point.
Very nice trendline has been broken + RSI found resistance at 50 + MACD Bearish crossover.
EPS was te catalyst that put Mitel above 200DMA after testing trendline. This is a great potential LREP
I'm seeing a great bullish setup with very low risk and great potential reward.
This looks like a nice DB. Nice Risk:Reward ratio