- RSI is above 60, this is a bull signal for my strategy. - Price is above 200 EMA. - There is a clear Reversal head & shoulder pattern. If all works, we're ready to go. TP1 and TP2 are on chart. Follow Red trend line for SL ( follow 4h close price)
We have reverse h & s (or cup) formation here. TP1 : 11.84 TP2 : 9.37 SL : Under 7.12 for weekly close.
RSI 40 resistance is a bullish signal. TP1 : 14.50 TP2 : 19 SL : under 7.80 for monthly close
Whether say flag or triangle, we're stucked. Bitcoin will break this formation in some way but we can wait till March 2012. So i'll wait till breakout.
Fdax is on support now, Let's long till 9424. Stop is the daily close under support line.
This is a long projection for dax. Last moth, we reached the big cup and handle formation target that started with economical crisis in 2001. Now there is a clear head and shoulders formation. It it close under the trend line, formation can work and leads us down to 8133 that price started the cup and handle formation. Let's wait and see the monthy close.
We're in the weekly support, i think it's time to long till 2700, stop is the support line for daily close. keep in touch.
With decline from RSI 60, time to short, targets are on chart.
Very critical day for Dax. If it close under 12800, then there is is good short setup that can take us to 9800 it it cannot stay in the resistances in the chart. There is also a gap in 9600. If this crash turn up, then a reversal h&s pattern can be form that leads EU to a new era. Let's wait and see.
Technically it's possible. Very very critical weekend. If it breaks.. Reversal H&S target is 39.7 Why? - Corona virus - Middle east is burning ( Turkey & Russia) - Trade wars. ( ) See you in 39.7, other targets are on chart.
Gap is closed in eurusd. Time to long till down trend. My first target is fibonacci level 1.11548 My second target is downtend 1.21242 Good luck and follow updates.
For gold, price should be go out from this triangle, there there will be good opportunities. Keep calm and wait.