reneordosgoitia

reneordosgoitia

uni supports areas

reneordosgoitia

retouch in the diagonal blue line

reneordosgoitia

watch out those areas.

reneordosgoitia

Breaks the box and go long to the blue diagonal line.

reneordosgoitia

After de 130% upside movement.

reneordosgoitia

The price made a retracement with a strong momentum from the low on the last week, bringing an uncertainity on the direction of the market on march, lets see what is going on and further more for the coming week: In the fundamental side: The coronavirus outbreak has create a global coordination between the principal central banks on the world, the Fed cut...

reneordosgoitia

The price is falling down as a big short must do, such as we expected in the last week review, but right now the situation on Europe is getting very complicated with the Coronavirus that can change the direction for a while of the dollar index: In the fundamental side: The coronavirus outbreak generated a strong sell off in the market, doing pressures to the...

reneordosgoitia

The price finish the last week with a strong bearish canddle, following the shooting star structure formed in the weekly canddle getting close to the lower part of the channel: In the fundamental side: The coronavirus outbreak had generate a strong sell off in the market, the SP500 the last week retrace 15% from the high to the low, making pressure to the...

reneordosgoitia

The price finish the last week with a shooting star signal, with an strong engulfing canddle structure in the daily chart, but the previous upside momentum is full of new support zones, lets see what can happen: In the fundamental side: Last friday manufacturing report on US was the catalyst for the strong downside movement, but previous to that news the price...

reneordosgoitia

The price respect the marked diagonal line with red color, the price did break it for then retouching it to keep pushing higher, lets see how far the upside movement can be developed: In the fundamental side: The better than expected jobs reports and manufacturing data realesed last week made the price to move with strong canddle to the upside, giving pressures...

reneordosgoitia

The price get out from the channel on friday with a strong daily candle the coming week outcome about the coronavirus evolution and the jobs reports on US are the special variables to stay alert: In the fundamental side: The coronavirus is spreading in a fast way, the OMS has declare for an emergency situation giving gas to the dollar index to move deep lower....

reneordosgoitia

The price is entering through the channel with bulls daily candles. There are strong chance for the price to get deep in the channel in the coming week, let's see the variables: In the fundamental side: The coronavirus is spreading in a fast way, the OMS has no declare for an emergency situation yet, but if it does it can give strong movement of capital to safe...

reneordosgoitia

The price has broke the lower part of the channel with a retouch confirmation, changing that line from support to resistance with strong bear canddles. In the fundamental side: US and China final get a phase one deal according both officials announcement, the translation of those agreement have takes too long and have give uncertain about the situation of what...

reneordosgoitia

The price has rebound from the lower part of the channel. The friday candle end the week engulfing the thursday candle In the fundamental side: Trade war, the US-China situation is right now the more important thing in the market, there is no clue yet if there is gonna be any deal for the phase one deadline, december 15, if there is a semideal friendly with the...

reneordosgoitia

The price had broke a significance area, the area rounded 1600. The weakly canddle is forming an strong bull signal that the price is going to still pushing higher.

reneordosgoitia

The price end the last week in a resistance zone respected before, with a strong daily candle, lets see what expect for the coming week. In the fundamental side: The must important event right now is the US-China phase one deal, the market stopped the consistency all time high momentum(DJX is an example of that situation) to evaluate seriously if there is going...

reneordosgoitia

The price had reach a support area, for this week ahead we can expect an upside movement as a retracement process before start to move down once again. In the fundamental side: On friday there were a mini deal between US and China, but it doesnt mean anything, the coming week we can expect anything with the deal situation. In the other hand, we have something...

reneordosgoitia

The price had touch the upper part of the channel, which one had been respected since the trade war begin, the price ending on friday with an undecision canddle after a big upside movement, forming a possible trunctation process according elliot wave principles. In the fundamental side: Last week Donald Trump said that the trade deal with China could happen...