Here's why it may be a potentially good buying opportunity: - a possibly exhausted extended correction, - price is testing the support from the trendline, - likely support at the 100% size of the prior swing down (red line) and the minor lows to the left.
Here's why it may be a potentially good buying opportunity: - a possibly exhausted extended decline, - price is in the potential demand zone, - likely support at the 100% size of the prior swing down (red line).
Here's why it's a potentially good buying opportunity: - price is in the potential demand zone - multiple lows to the left, - likely support at the 100% size of the prior (Jul 2016) swing down (red line).
Looking to enter at the retest of the 0.76 level. Here's why it's a potentially good buying opportunity: - the first buyers have shown up, - price is in the potential demand zone , - clear support at the 100% size of the prior swing down (red line).
Looking to enter at the retest of the 0.93 level. Here's why it's a potentially good buying opportunity: - the first buyers have shown up, - price is in the potential demand zone, - clear support at the 100% size of the prior swing down (red line).
Here's why it's a potentially good selling opportunity: - the seemingly exhausted rally, - likely resistance at: 1) the potential supply level (the last swing high), 2) the trendline.
Here's why it's a potentially good selling opportunity: - the well-established downtrend, - likely support at: 1) the potential supply level (the last swing high), 2) 100% size of the prior correction, - a perfect match of the strong Australian dollar and the weak British pound, currently the former oversold and the latter overbought.
Here's why it's a potentially good selling opportunity: - the well-established downtrend, - likely support at: 1) the potential supply level (the last swing high), 2) 100% size of the prior correction, - a perfect match of the strong South African rand and the weak British pound, currently the former oversold and the latter overbought.
Here's why it's a potentially good buying opportunity: - the up trend, - the down trendline broken, - clear support at the potential demand level.
Here's why it's a potentially good buying opportunity: - the up trend, - likely support at: 1) the potential demand level, 2) 100% size of the prior correction and 3) the median line's lower parallel (MLH), - a perfect match of the strong SILVER and the weak CAD, currently the former oversold and the latter overbought.
Looking to buy this market, here's why: - the up trend, - likely support at the potential demand level, - a perfect match of the strong GOLD and the weak CAD, currently the former oversold and the latter overbought.
The ongoing rally has reached the size of the late Feb. one, which means it may be running out of steam at this point again.
The EUR is still relatively weak, albeit quite overbought, whereas the AUD is definitely relatively strong and extremely oversold, which makes this pair a perfect match for a shorting idea. Looking to TP at or just ahead of the demand zone around 1.3828. If failed and the high at 1.3902 gets taken out for good, exit without second-guessing, which may be at about 1.3914.
Natural Gas is in a long-term up trend. The ongoing correction has just reached the size of 100% of the Oct-Nov-2016 decline. Now, if it's already the local low, I expect the price to rise back up to 3.009 - this rally would make the size of 100% of the Feb.-8th-9th up swing.
AUDUSD got to the prior swing high (which was a lower high), found some resistance. Likely to go down at least to the nearest demand level around 0.737
Now that the black trendline is broken and we've had four nice tests to the downside, there's a good chance that any time soon price hits the top of the blue channel.
Stalking a buying opportunity at the trendline parallel.
Just watching, if price finds support at the sloped parallel, as it did in August. If it does, a buying opportunity may develop.