gmarignier

gmarignier

Graph speaks by itself: prices are making higher highs while RSI is making lower highs. Bearish divergences usually make early short signals. Still wait for the prices to make lower lows to take your short position. 4h candle closing below $2720 looks like a safe bet for a swing trading. If you wanna play the test of the down channel side, you can wait for the...

gmarignier Updated 

We might se a highland top reversal pattern on the Nasdaq in the coming hours or days. This would be the beginning of a more mid-term leg down. Also note the Kumo is very narrow which would show very little resistance to the prices. This pattern will be confirmed if prices gap down to form the actual island.

gmarignier Updated 

If 1h candle closes below $2770 (SSB + Kijun), it will likely go down to the next support at $2750. RSI is just under the neutral level, which gives him enough space to be sold heavily. MACD is meeting resistance at the 0 level and we might even have a cross signal. Note also that the 4h Kijun is at the 1h Kijun level which will be an important level to watch for...

gmarignier Updated 

Triangle pattern breakout could lead to a strong price momentum (either up or down). RSI is in a similar pattern and candle range is very narrow which show there is a strong indecision in the market at this time. You might want to take position only once the breakout clearly shows in which direction the market is going. There is no way to know in which...

gmarignier

If we apply Elliot Wave theory along to fib extension to the daily S&P 500 chart, we may see a C wave reaching new lows around the $1600s mid 2020.