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Dax rising wedge inside a rising wedge...at the chart we have a rising wedge with minor waves and a rising wedge inside the minor wedge with minute waves. break of the red line with the minute waves can lead the price to test the green line with the minor waves. where a break of the minor wedge can lead the price back to between 12.400 and 12.540, where 12.400 is 0.5 on fibonacci levels and 12.540 is 0.618 on fibonacci levels, drawn from ((0)) - ((v)). While a test of the 13.200 level is eminent, and could go up and test the level, which is also 1.13 on fibonacci levels. this will also extend the minor and minute wave. a break of the minute wave wedge , is possible where the price will have a harder time to break the minor wedge ( the green wedge ) A short trade can be taken now, where the SL will be just above the last high at 13.045,80. where TP will be around the intermediate wave 2. Take in mind that the price is very bullish on the short term, but we actually also see some weakness in the momentum for the upside. a correction of the short term bullish run will happen, before further gains. More updates will come..
XETR:DAXShort
by Fx-AlphaStrats
6
EURCAD Technical and fundamental.The price is at a support level, if this level breaks, than i see the price move further to 1.52490 before further upside. if price manage to break the 1.52490 area, than the price could go further down to test the 1.49960 level. this will also be a trigger for a new analysis as the (4) wave will go below the ending of wave (1) The price is also in a trend channel where the price have hit the resistance line 2 times and are about to complete the 3 time testing of support line in the trend channel. At the current price we also have a hidden bullish divergence (see the RSI) and could be signaling that the previous short term bearish trend, was a retracement for the bullish trend. At the same time we see some weakness in the bearish candles, and this area indicating a range area for investors to decide or await for a further signal of a continuing bullish trend in the pair. The price have intermediate and minor waves that is correlating with the fibonacci levels and price action, where the correctional waves have minute waves, that i haven't put in the daily chart because it would be looking messy... The waves are highly matching Fibonacci levels, as you can see in the chart. The levels are in the text boxes. __________ The fundamentals can drive the price of the CAD higher, where oil prices and further sanctions on Iran is expected and can give the CAD a boost. while bad numbers from CAD this week is expected, and can therefore drive the price of the EUR/CAD higher, and the sanctions and oil prices can be a help for the retracements throughout the price gains.
Long
by Fx-AlphaStrats
1
Moving nicely to start Wave 2 Minor within Wave 3 intermediateFBR Fastbrick Robotics (FBR:ASX) Moving nicely LONG on Intermediate Period with a start SHORT for Wave 2 Minor within Wave 3 intermediate. A good entry point for this stock will be on the completion of Wave 2 on the Minor period to go LONG Reference to my previous chart here: 15th August 2017: Fastbrick have announced, Robots to assist building homes in Saudi Arabia, which has driven the price of this stock to a high of almost 0.30, thus developing a Wave 3 on the minor period inside a Wave 3 within an Intermediate period. Twitter Announcement here: twitter.com ASX Announcement here: www.asx.com.au Other Media here: thewest.com.au ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
ASX:FBRLong
by UnknownUnicorn661419
TGT Target 100% confirmation of Wave 3 Impulse going SHORT !It seems we have a 100% confirmation of TGT (Target) going SHORT on a wave 3 on Intermediate, Minor and Minute Periods. MACD, RSI and Stochastic all show oversold positions and we shall see on next open of market, how far down the price action gap will take us before we see an upwards move on a correction because continuation of downwards Impulse move. SMA also indicates bearish trend continuation. This is a Very Dangerous sign for Target as this impulse is on an Intermediate period, which means if it continues this way, the stock is headed downwards very fast. A great SHORT opportunity here is at the breakout of a Fibonacci move, for some significant profit. I shall now await for a corrective structure to form within the Wave 3 move, to then take a short on this, all the way to the bottom of wave 5. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP ! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
NYSE:TGTShort
by UnknownUnicorn661419
NZDCHF BEARISH BUTTERFLY and BULLISH CYPHER LONG? SHORT?Identified 2 Advanced patterns on the NZDCHF. Purple Triangles represent a BEARISH BUTTERFLY(Completed) Blue Triangles represent a BULLISH CYPHER Clearly we are now stuck at an impasse, to go LONG or SHORT, that is the question. Taking a step back to the 1D time frame, we can see that price has moved in a pennant formation ( grey lines) While it is not within my trading plan to utilise such price patterns, a price breakout to the up/down side is known to follow the termination of a pennant. Thus, we know that SOMETHING is BOUND to happen, but which direction will it go? Based on the 1D and 1W time frame, this pair seems to be in a downtrend, so i would be entering on the BEARISH BUTTERFLY. However i have yet to refer to the fundamentals such as the COT report and/or Currency Strength Meters. Thus my current verdict would be to short this pair
by xerxeschongxian26