The SP500 doesn't look good. Many things are going on here: 1. The weekly candle closed below the resistance 2. Bearish divergence in short and long term with the RSI 3. It appears to be forming a HS pattern in the weekly timeframe. We will know for sure in a few weeks. 4. On top of that the FED announced the end of money "printing" by March. 5. Only the big cap...
EURJYP and the others mayor pairs against the JPY have broken the downtrend from 2008. EURJPY is forming a bullish flag and is highly probable that the price breaks out and continues its uptrend. I marked up the resistance levels to take partial profits. I'm planning to hold this trade for months since is a high timeframe but with big moves. If the price breaks...
Tesla stock is showing some bearish signals. Is forming a double top with two big weekly reversals candles. Also shows bearish divergence against the RSI in the weekly timeframe. On the other hand, price is trading within a huge megaphone bearish pattern. The price is hanging by a thread. If it breaks the support, is going down hard. Personally, I don't think...
The dollar is gaining strength, the AUD bounced off the long term resistance. Is forming a HS confirming its bearish trend.
Twitter has formed multiple bearish patterns, double tops, weekly reversals and the new resistance previous support is rejecting the bulls. Is very bearish, I don't think is coming back.
HPE is forming a HS and a bearish flag. The sentiment of the market is bearish, I'm not waiting to finish up both formations, there is no signal of bull power. Great risk and reward ratio on this early call. It can also go deeper but will see at that time.
UPST is forming another bearish flag. There is no sign of price reversing to the upside. Is totally bearish trading under the long term uptrend support now resistance. Great risk reward in this trade.
EURUSD is forming another bearish flag. Is following the previous bearish patterns as shown: double tops, bearish flags. The USD is gaining strength and the stock market is in correction. Everything is correlated, even the cryptos are getting smashed.
Check for rejection when retest the resistance in the daily timeframe.
Watch price rejection during resistance retesting in the daily timeframe.
Appears to be forming a HS in the weekly and double top in the monthly.
This is going down. Let's see how the weekly candle closes.
Perfect triangle. Could go any direction, but most likely upwards. Small position now, add more once it confirms.
Price is sitting on strong support at ~$2.4 zone. Alt coins are ripping. I expect to keep its uptrend.
SFP broke out the downtrend consolidation. Now is retesting the broken resistance now support.