AUDUSD is bearish on weekly timeframe and the close of the weekly candle rest on demand floor ,i expect a buy back and sell on retest of a broken weekly ascending trendline
Dax40 has formed a curvature which price has failed to penetrate to the upside. The has led price to fall under and facing rejection by the 50 day moving average. Traders that are conditioned to chart pattern recognition will quickly notice that price structure has formed a textbook *inverted cup&handle*… And as we can all see, the 50 day moving average is looking to cross downward over the 200 moving avg. Experienced traders are aware what this phenomenon means….. Based of previous held support and retracement, price is likely to hold major support for the pending falling at 19100-19080…. 50ma{blue} 200ma{red} comment, questions &concerns…
After fakeout in 20 December with big volume i think 20 December is reversal time then we are sideways now before next impulse
Currently, Huma is trading below its value and presents an opportunity for immediate increase in the near future. Based on the charts, a target price of $13 is suggested. Long-term holding strategy is recommended.
Bulls are showing reaction in the 50% pullback level, which could be the beginning of green wave V. Even if we don't see new highs, I do believe we should see an upside correction targeting the 2 purple lines.
As indicated last time, price went below the obvious Range. It didn't quite hit my entry level unfortunately. Overall, while BTC seems somewhat in a precarious place by the look at it, I still maintain we are in consolidation phase, and any drop below the consolidation area will be somewhat quick to recover. This is predicated on the assumption we're still in a bull market, which seems likely given all the evidence. It seems a slow and halting move up is the most likely outcome from here, just seeing how downside momentum has stalled, RSI indicators have reset somewhat. I don't think the up move will be immediate. Think it will take more time and be 2 steps forward one back. Market overheated again needs to finish cooling off for the next leg up.
First time I am really interested by a banking stock and even more on this one after the 2008 crisis. Here I want to see a big breakout of the weekly resistance level, this can then lead to a huge rally for the up side with 50€ as big target. We have to manage the trade in case the break doesn't happen and we see some reversal short ... then a short swing can become a great idea Great Trade !
If you look closely at the sideway movement, it has already begun, even though the indicators have started to sell off. It could pose the question of whether a retracement of around 1.5% may be warranted or if a full correction occurs at this time where the second foundation of support stands.
Lots of wild news going around. Wouldn't be surprised to see this stock claim new highs. Target 528$ no stop lose. There’s some unfinished business at the 786 fib, that’s where I’ll buy the dip around those levels.
On this very strong French Stock I waited this level for a long time and it has been my main profit level from years ago. Now I am looking for a corrective move to then enter back on it for the long terme. I am now trying to play the short side of the correction on the TLB anticipation. This is my first entry and try, let's see next week if I have to adapt and modify my entry point to re-enter later ... strong conviction on this one. Great Trade !