The_Cannalyst

The_Cannalyst

The H&S is triggered. The neckline is based at the "2" - a break of it a nice 1-2-3 pattern () IMO a retest of the neckline should be exspected before the final "sell-off" comes. A retest is typical for H&S and a good entry for shorts for those who have missed the train. :-) Perhaps this could be a nice example for a Ross Hook.

The_Cannalyst

After the break of the longterm uptrend @ 9,33 in march EURSEK is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%). This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it time for the next short position? The chance-risk-ratio is wonderful again ,...

The_Cannalyst

Trading Pattern 1-2-3

The_Cannalyst

Hang Seng tested ist longterm trend lower edge. With the slipping through its EMA & SMA 200 a strong Sell-Signal appeared and led to it, that the Index crashed and closed the third day out of ist Bollinger Bands. It is a "falling-knife-situation"! Statistically thats not "normal". The probability that the Index jumpes back into ist BB is given now. A Rebound to...

The_Cannalyst

Yesterday ARNA closed below ist shortterm trendline @ 4,25$. A drop till 4/3,85 can be exspected. Below this Level 3,85$ the danger increases to drop to 3,3 Trading above 4,75 generates a target @ 5,2$ If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let...

The_Cannalyst

The pair is starting a Rebound @ ist shortterm 0,5 fibo retracement @ 185.36. Have a look @ the supporting Levels EMA & SMA 200. Trading below these moving averages generates a possible target @ 176,3 (former supporting lows). If this Level also can not be defended, the longterm trend will be hurt and a drop to the longterm fibo Minimum correction level @ 167,3...

The_Cannalyst

Theses days are exclusively political! Charttechnik is limited effective in such situations. Resists: 10.850 / 11.000/ 11.250/11.325 supports: 10.700 / 10.610/ 10.535/10.550 / 10.130/10.000 The Level to watch is the SMA & EMA 200 - These instruments will pointing the way. With a new Low below 10.600 a potential Crash lies in the air :-) If you like my analysis...

The_Cannalyst

Will the support @ 121,5 hold and the bullish wedge be triggered and bought? If yes, then the shortterm target @ the upper side will be the upper edge of the longterm uptrend @ 129,5. If the strong support @ 121,5 does not hold, a fast drop till target @ EMA200 @ 118 could appear. Below the EMA 200 a drop till the longtermtrend @ 113,6 could be exspected. If...

The_Cannalyst

Brent update Brent could not beat ist longterm downtrend! After Iran testified, that it will perhaps double its production, brent only made one direction: downwards!With prices below the last valid "2" @ 62,5$ brent leaves his middleterm uptrend (green) behind and reentries in its longterm downtrend. As Long Brent is trading below 63,5$, the risk continuing to...

The_Cannalyst

GWPH is forming a bearish H&S @ the daily chart. A Close above the right shoulder generates a shortterm target @ ATH A Close below the neckline @ 117,75 generates a Minimum target @ 111$ / maximal target @ 103,5$ If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and...

The_Cannalyst

Bund has left his downtrend behind. At the Moment he is trading @ his EMA200 -this is the next Level to watch! Bund is forming a bearish flag (blue) with a target @ 146.7 Prices above 152,75 will make Targets possible @ 155.24 / 159,3 If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to...

The_Cannalyst

This morning the fdax made a new Low. A Dax Close below 10.850 (EMA 200) target @ 10.500. Dax Close above 10850 --> target : @11.050. Dax Close above 11.100 --> bullish again with target @ 11.400/11.650. If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES...

The_Cannalyst

Will the support hold and the bullish wedge be triggered and bought? If yes, then the shortterm target @ the upper side will be @ EMA200 @ 16,8$. If the strong support @ 15,35-15,50 does not hold, a fast sellout with worst case target @ 12$ could appear. But at the Moment the CRV for Longs is phantastic. i drawed a possible Long Position into the Chart..i don`t...

The_Cannalyst

My former Analysis is valid furthermore for the Long turn -Have a look @ the EMA 200 - this is the Level to watch on the downside! The 200EMA is nearly corresponding to the possible bearish H&S... Should Dax break the neckline @ 10925 a dip to the EMA 200 @ 10.800 can be exspected On the upper side the Chart turns into a bullish Sentiment if Dax can Close above...

The_Cannalyst

additional to my former Analysis If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.

The_Cannalyst

Today, the shortterm-shortsignal appears, the bearish H&S is triggered and active. former Analysis:https://www.tradingview.com/chart/GC1!/Rynnbutc-GOLD-neutral-zone/ Neutral between 1170-1220 shortterm-long >1220 with target 1255 shortterm-short < 1160 target 1140 longterm shortr: < 1140: target 1060/1000 If you like my analysis and find it useful, please...

The_Cannalyst

The middle-term Long-tradechannel has to be discussed. -A dip to the old breakout-Level @ former ATH 111,5$ has to be exspected, when GWPH Closes below 117. -A Close below 111/103 generates a sellingsignal with target @ longterm uppertrend bottom-edge @ 88,5 If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It...

The_Cannalyst

The resistance (last valid "2" / downtrend upper edge) was too strong! The longterm downtrend is likely to gain more momentum.! The Level to watch is still @ 1,087! - Prices below 1,087 (last low) will generate a target on the downside @ 1,045. Under 1,045 we will see a falling-knife-situation an the bearish flag would be triggered! The worst case target of the...