carlosmello

carlosmello Updated  Jun 7, 2016

WN2016 after a long fall has recently formed a triple bottom and could be switching to a range trade or eventually an uptrend. We are buying at the low end of the range and aiming to sell at the high end of the range with a 2 to 1 Reward to Risk.

carlosmello May 25, 2016

Although in a descending triangle, TAY0 has tested a support level at 339,43 and reversed with a reverse candle. So we see a good Reward to Risk to try and capture the upside untl price reaches the descending triangle line.

carlosmello Updated  May 20, 2016

SPX500 is overextended to the upside, has recently tested important resistance levels and receded. We are entering the less favorable time of the year in the market and it is set for a correction.

carlosmello Updated  May 13, 2016

HGN2016 is in ascending triangle, has just tested the upside trendline and a good room to the upside.

carlosmello May 11, 2016

KCN2016 formed a bottom since begin 2016 with a rounding and double bottom. Today it broke out of a triangle formation to the upside.

carlosmello Updated  May 10, 2016

ZSN2016 had an increadible run based on fundamentals during last 60 days. It has now reached an important resistance level and posted a reversal candle. The DXY seems to be reversing upside and that will also help the whole commodity complex, which seems overextended, start a correctionto the downside.

carlosmello May 7, 2016

RBN2016 is in uptrend and made pullback to the uptrend.

carlosmello Updated  May 3, 2016

USDJPY in downtrend with lower lows and lower highs, recently tested an important resistance level and failled.