William-trading

William-trading Updated 

Dow has not complete its bearish wave on the weekly chart, hence the index is still on BEAR!

William-trading

The morning star formation last Friday may be short-lived once the rebound hit the 61.8% retracement which confluent with the supply level.

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Gold is on a bearish correction once again. In fact the whole price structure from 2011 onwards is on a corrective mode.

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Dow Jones has rebounded yay.... but don’t be fooled, greater trend is still bearish and we shall see selling resuming once it hit 127.2 extension.

William-trading Updated 

Dow may have one more leg down at the supply region couple with a potential flag on the hourly chart. Unless both the supply are are invalidated.

William-trading Updated 

DXY has failed to push beyond 99.80 and we should be seeing a bearish sell down towards the demand level highlighted in the chart.

William-trading Updated 

EURUSD has completed its extended 3rd wave after the leading diagonal. Rejection at 200.0% expansion level may see short-term 4th wave correction. However, we still expect the price to reverse sharply at the supply region highlighted in red.

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The USD weakenss can be further echoed against the China RMB, we believe that the dollar against Yuan will be rangebound with the strength tilted to the bearish side.

William-trading

Short yesterday was good, made 50 pips. However, price may have another round of slow move upwards and should it does that, then theres a possibility of a leading diagonal before a slam dunk.

William-trading Updated 

The Dow Jones Industrial E-mini future is entering into a correction mode and we believe that there will be slight rebound at 28097 regions of support 1. However subsequent rebound may be at 2700 where the support zone 2 is. Current short term bias is bearish. unless 29250 supply zone is invalidated within the next 5-6 periods.

William-trading Updated 

Both the support 1 and 2 in my previous chart may have a high chance of breaking down. As such i'm revising my thoughts on Dow Futures. Based on the hourly chart, we see potential sell down in the zones highlighted.

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Eurusd may had a strong upside move but we believe it may correct further after hitting 161.8 % extension level.

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SATS have further downside till the dmeand area and 161.8% extension level. We believe a bullish rebound can happen at 4.16-4.07

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The GBPCHF believes to be making the last leg of the 5th wave of the running flat. Long at 12.5XX region highlighted .

William-trading Updated 

Shorting EURUSD based on the strong bearish trend. London open display a strong bearish rejection

William-trading Updated 

USDJPY has a potential upside till the supply area before a sell down to the lowerbound of the channel. This have a clear indication of a good risk to reward strategy.

William-trading

Evening star formation at the 38.2% of the range signify a possible bearish slam down. Also, the V shape resembles like a double top instead of a V up.

William-trading

We believe that Netflix is going for a short term bearish downside until the demand area highlighted in the chart. Do take note that as the resistance level has been tested multiple times, the likelihood of it breaking after the rebound is strong