Trading below the illustrated supportlevel should initiate a selling wave down to 12.560. if we can trade above that Support - a Long Position has a nice Chance-risk-Ratio with a sl short below the Support Cheers Anticyclical Long example: procyclical short example (my favourite :-) )
Here a projection with seasonal datas. seasonalcharts.com Any other ideas?
Welcome Japan ;-) We see a huge euphoric driven buying wave....but for me it is a bit(coin;-) too heavy so i exspect a sharp correction wavethese days...a typical tp could be the 38,2 fibo... The RSI often told us the truth...and he is absolutely overbought right now!
We have reached the procyclicaql buying area. The RSI is overbought, so i exspect a tiny drop.. after that only the sky is the Limit! Cheers Main view:
Bad fundamentals, bad Chart....fill the gap?
Trading below the neckline is bearish! The Chart only brightens with Prices > the right shoulder. Former view:
Xau made a good Job These days... Now the RSI signs that the risk increases for a healthy shortterm consolidation wave. I exspect that we try kissing the next resistance at 1.255 - 1.260 - but the way is very stony. there is a Little bearish wedge on it s way :-)
Breaking the suport at 1.4 could initiate a further shortterm downwave
The shortterm Chart seems to be still bearish - the next dwonwave to 940 $ could be initiated soon. Only trading above 1077 respective 1140 will brighten the Chart. A wortscase-Szenario is when we break through the last support @ 940 - soon 780$, the former BO-Level - could be aimed! That seems to be very hard and ugly, but is thinkable.
The pair reached an important trading mark.
Nice bullish bottom-pattern, an inverse H&S! Breaking through the neckline could be interesting for Longs. Below that neckline we still are in a bear-modus
the Support changed into a resistance @ 111.55 As Long as we are trading below that Level, a further downwave should be exspected. perhaps we see a tiny countermove, because the RSI has reached the oversold area
The News around Insy are bad for the stock - the Sentiment is bearish.... Now we are trading near the lows, a possible turnaround Level. Should we break through the former lows further heavy downwaves should be exspected
In my former view i have mentioned this H&S..now it seems that we will kiss the last top....
Flag Attack aka 1-2-3 :-) This could be the next longchance for those who have missed the big Breakout: Former view:
Trading above 136& could mean aiming 170$! But before we see the BO i exspect a Little consolidating dip down to ~ 120$ - why? Because the RSI is in the overbought area! Former view:
Longterm view: For me the Chart is clear bullish. The Level for further Longs is 30.000 AT present, the RSI turns red, u should exspect a healthy drop soon after kissing the Pivot resistance Level at 30.000. Kissing the neckline would be typical.