UnknownUnicorn129775
Following this chart, there is a clear H&S pattern. The price seems like it's going up trying to find the main resistance line and raid the orderblock at 1.078-1.079. After follow the Head & Shoulder, should go to 1.062-1.063. This idea isnt only mine, thx to all my trading group we are all agree about the current situation.
Trend is going very vertical and as every vertical move (Up or down) it reverses.
Double bottom at 316. Could be a reversal to 350.
Idea about what's going on with GREK. It obviusly went down because of the head and shoulders but will it bounce back to ATH levels or dump with Europe crash in some months?
IBEX is moving in some waves before the ECB news on thursday.
Seems like it's forming a Head and Shoulders figure. Should go to the old resistance line (Now support) before continue with the rally if the figure is confirmed.
There's a DOJI in long term view in African S&P Stocks.
Looking 1 month chart looks like a clear Head and Shoulders.
As said, IBEX was going to go up to 10300. This should go above 10500 to a break upwards.
S&P gonna be during months till summer of 2015 without a trend as happened a few years ago.
Price is going parabolic in 1D chart. Indicators aren't looking well and chart starting to show some DOJIs. I would go short and place a stop loss at 2055.
Following RSI, MACD, PPO, BBANDS and the support at 10000. IBEX is oversold and should rise to 10300 and test the resistance. If breaks should go to the Fib spiral level and hopefully above it. USA Stocks are very up and need to pull back before the chrismas rally.