currenfan

currenfan

Also, check the divergence on the weekly RSI. The Market is prepping to F

currenfan

Dollar breaking out of descending wedge/continuation of bounce off of support level ($89.66). High probability bounce to top of channel near term. Long term dollar back down (especially if and when round 2 of stimulus hits)!

currenfan

Dollar is set to spike (bounce off of major support), SPX is back to the top of megaphone. It could break higher (out of megaphone) but the likelihood is a move back down to the bottom of the pattern.

currenfan

Euro is way overbought on multiple time frames, including daily. Pricing has also hit a pricing pivot level, the top of a wedge (orange) as well as slightly penetrated the upper band of a large weekly wedge formation (red line) the confluence of these formations/levels should provide resistance for a near term pullback. Careful here - there is serious momentum. ...

currenfan

Nikola is coming off of support and will likely retest the downward sloping outer edge of the wedge formation that is in the making. Near term long

currenfan

Gold has reached the peak of a rising, bearish wedge formation. It has also hit (and slightly) surpassed an important pivot area (resistance). It so happens that the dollar index just hit the bottom of a wedge formation and will likely see a near term bump. The confluence of these indicators/events leads me to believe that gold will temporarily come off of its...

currenfan

ADPT just had a sell off after forming a bearish rising wedge. Pricing just dumped (lined up with the announcement of a new share offering at $40 to raise R&D funds). Pricing has dipped but now has hit an important support level. Should get a decent bounce here. (RSI also shows oversold)

currenfan

Pull back off the top of the wedge back to the support level. From there pricing could retest the top or break back through the support and head to the bottom of the wedge. I plan to close half of position at the support line and the rest if it continues down to the bottom of the wedge. Stop is just outside of the upper band of the wedge formation.

currenfan

Price went to bottom of a large wedge formation this morning but held at support. Pricing finished the day at the base of the larger wedge as well as the point of a descending (bullish) wedge. Price should break out and retest the top of the larger wedge at a minimum, but likely continue as a breakout of the larger wedge as well.

currenfan

S&P at resistance/ bearish wedge...low buy volume on this latest move up. Looks to me like its time for a reversal sometime between now and next Tuesday, September 17th. Of course, this coincides well with the Fed meeting.