Afternoon Traders,
Here's what I am currently keeping my eye on at the moment. We are in this ascending megaphone pattern. This is typically a bearish pattern longer-term. The problem is that we don't know how much longer the pattern will hold before we, most likely, drop out of the bottom side. It could be weeks. It could be months. It could hold for a year. But...
MACRO MONDAY 24
The New York Empire State Manufacturing Index
Trading View Ticker: $USNYESM
The New York Empire State Manufacturing Index (NYESM Index) is a month to month economic indicator that measures the general business conditions in the manufacturing sector of New York State. It is published by the Federal Reserve Bank of New York and is based on a...
heres my graph analysis for BABA 6/9/2020
OBV is Racking up M I L E A G E to the top of the graph - which indicates the graph is more likely to drop as the obv needs CORRECTION
ON the RSI we see the ' SELL ' Signal indicator - whilist the stock didnt drop and actually climbed - which is a double bad juju indicator sign that baba is bout to drop twice as hard...
After a double bottom at the 38,2% Fib last week, the AUD is moving toward our red zone which is delimiting a strong resistance that might cause the price to plunge. We are expecting to see a reversal pattern within the red zone in the next days. Such formation would confirm the bearish view targeting 0.6185.
