Falling wedge on SPX. We would not guarantee the wedge when there is a war in the middle east. Lets just all hope it doesnt get influenced which is not likely. Please share your ideas. Thanks
My opinion is that it has formed a falling wedge and we all know how that ends up. Please share your ideas and opinions in the comment below. That would be a big help.
Trend is bullish. Never go against trend unless other factors such as news, events occur. I would go long since we have checked the bottom of the trend line.
Confirmed long. I would set my Take Profits accordingly. RSI also indicates oversold. Use the opportunity.
I would go for a long once it checks the resistance zone. Still a strong resistance up ahaid. I will try long for small 80 pips. GL.
I see a major resistance broken now acts as a support for sell.
Long. It should check resistance again.
We see that gold is in a range. We could play in this range unless it has made a decision to go for one way. Make sure to verify on the buy.
I would buy on pullback. It has broken some major resistance. It should correct itself and resistance should act as a support at this point.
We are looking at some major DOWNTREND. US has made a deal with China making USD strong. Also as we can see that pattern has reversed and is going low. LL, and LH has been spotted. Lets see how it plays out. This is not a signal or a call for trade.
This is a very interesting chart here. We see that rising trend has been broken. Now in a neutral zone here. We can see a potential drop to 50 but there is a huge resistance that could lead up to resistance. We should play in a hourly trade in few days and could hold after identifying where it wants to lead us.
Daily may take up to months to reach its targets. I will not hold short. Make sure you make your own decision. If cup handle is formed and make that break up. I will have my bets and hold long.
We should all see some kind of recovery within the trendline. Long term trade. Unless inventory affects the market, we should expect it to move up further.
EURAUD important level as all we know. Price is in bound of rising wedge and in range of strong resistance level. As shown on chart we should expect short.
Trendline and very strong resistance should help the bitcoin to rise further.
As drawn on chart, oil has been on sideway move for couple of days now. We could take advantages of it and make a few pips. Good luck.