Looking for a sell on this pair , GBP weakness is clear . After breakout wait for a pullback for an entry,
USD JPY is forming H&S within a H&S
Possible Head and Shoulder formation in process , 4 hours chart
We are looking for a down channel formation on a 4HR chart.
Waiting for flag formation to be completed
ABT's robust pipeline confirms positive earning for the quarter. On the Technical aspect we can observe a monthly divergence. Also if we move to the 4 Hour Chart we can look the break of the short trend and moving back up again .
The upside is still at considerable risk with the potential for a top to form still very much alive.
On EURUSD we are looking at an Elliot Wave Triangle correction in the making within wave four. Once correction is over the entry point can be 1.2360 TP 1.27624 and SL 1.2210
Correction within uptrend is finished; 1.4244 area is now in view, the TP 1.4500 SL 1.3965 Entry 1.4250 Move SL 15 PIPS below Entry level once activated
The key is waiting for the break, because there is still risk of an upside breakout – waiting for confirmation is prudent
We are looking a consolidation as of now , if breaks trend line will go short.
Buy Point at 50 Fibonaci Ret. and TP at 61.8
if stock breaks up the channel , it might go up to $365.07 , the opposite is true as well if Stock keeps going below $320 we might go up to $313.18
Gold prices are pushing up . If Breaks above 50% (1362) Fib will lead to our 61.8% .(1376) Alternatively , a reversal back below our 23% (1330) will lead to our floor support (1301)
Wynn Resorts dropped 1.7% to 181.62 as it forms the handle of a cup-with-handle base with a 192.85 buy point.
The market is on the verge of deciding on a direction