breakoutfakeout

breakoutfakeout Updated 

Divergence here on the S+P at all time highs, right at the top of the rising wedge. We also have an bearish engulfing candle on the hourly Looks good to short down to the break of the rising wedge, stop at ATH

breakoutfakeout Updated 

Here we can see a nasty bearish engulfing candle on a Friday with extreme divergence as well. We can expect a drop to at least the first support zone here from entry 11500. Stop at the ATH If the stop goes then great, what a great opportunity to go long

breakoutfakeout Updated 

Nice opportunity to buy gold now with divergences on the hourly charts of lower prices with higher MACDH, stochastic and RSI. We are still trading above the long term trend line inside a wedge pattern and I expect us to test into the red resistance boxes and if we get above them and they become support the upper pennant trend line will act as a potential break...

breakoutfakeout

Expecting a breakout here on DXY up to 94.7 at least. Very oversold and some extreme divergence. FOMC minutes yesterday also missed whether there would be further QE. Should help the dollar regain a little ground until the next FOMC meeting.

breakoutfakeout Updated 

Here we can see Bitcoin put in a pretty nasty divergence on the RSI and MACDH indicators as it made a higher high. These types of divergences are often followed by big moves. I actually sold all my Bitcoin once the daily confirmed this signal. We can also see a similar chart pattern on Ripple. All this is also within a rising wedge reversal pattern which could...

breakoutfakeout Updated 

Here we are again with another chance to buy into gold with the fake break of the rising wedge in oversold conditions on the hourly charts. Nice 3 candle reversal play. We can expect it to test up to $2008 again Gold is still trading above its long term trend line though and I expect it to take out its highs fairly soon as long as this trend line remains...

breakoutfakeout Updated 

As per the charts, 15 min divergence with a nice candle straight of the trend line. Again take profits on the way up towards $44. Hourly moving averages are still very bullish within this long term rising wedge / channel

breakoutfakeout Updated 

Here is another potential fakeout of the rising wedge reversal pattern, a good place to enter longs on gold. Even though the hourly moving averages are bearish, 15 min moving averages are way too bullish. Gold is still trading above its long term trend line and we can expect it to go higher whilst this trend line remains intact. Leave a like please and i'll...

breakoutfakeout Updated 

Nice place to add to oil longs, falling wedge onto trend line. Hourly moving averages are still very bullish here and price is trading some way below the 200 MA. Stop loss below the previous hourly swing low in case the wedge continues to slide a little. Falling daily 200MA is the barrier so i'll still be taking long profits at each resistance point before my...

breakoutfakeout Updated 

Expecting a breakout fakeout here on the dow, 5 min moving averages are very bearish still. These moving averages in no way support a breakout here and daily is very overbought. There is a gap fill still not filled from 3 days ago down at 27690, let see if we can get a 300 point move out of this to the downside. Stop at the daily high 28160, (lower down once...

breakoutfakeout Updated 

DXY currently looking extremely oversold here and looks ready for a nice bounce possible $1-$2 profit target. Nice 3 bar candle in play on the back of much stronger than expected employment data this week. RSI divergence on the daily validates long entry against the trend for a short term swing trade long. Several resistance lines above so scale out profits on...

breakoutfakeout

Nice bounce here from gold right off the major trend line. Expect it to retest the daily highs above 2060 at some point soon, stop at 1850. Little bull flag to on the hourly charts Nice support in the flag between 1908 and 1950

breakoutfakeout Updated 

280 point move to green line support (yesterdays close). Rising wedge, 15 min divergence into major resistance.

breakoutfakeout Updated 

Here Nasdaq is at 200HMA support. Nice buy here at 10,740, falling wedge just completed after a gap fill Expect the double top on the daily charts to be broken through at 11,070 after outstanding earnings from the top tech companies yesterday.

breakoutfakeout Updated 

Here we can see gold has made a divergence on the 4 hr charts on the RSI and MACDH. This is a nice sell just short of $2000. There is potential to ride this down over $150 to near the green support line if the wedge breaks. We should be careful though as there are two support zones inside the wedge. If these break though they will act as good resistance for the...

breakoutfakeout Updated 

Seems like the fed will do whatever it takes "to ensure a strong recovery" and I'm quoting Fed's powell there. Buy the false breakout of this channel to try and take out $28,000

breakoutfakeout

Here it is new swing high on the bitcoin charts marking the end of the Bitcoin bear market after 3 long years! Great support now at 10,520 and below in the 8800-9800 range. Beautiful golden cross to with widening moving averages all bullish. Lets see if this rockets here to first target of the smaller bull flag $16,000 I've taken some profits at $10,850 as...

breakoutfakeout

Here we can take a look at the XRPUSD ripple cryptocurrency chart. Is it the hidden gem about to explode? Taken in isolation from other cryptos ripple is pretty bearish because there is no golden cross and weekly charts are just still in a bear market. As an isolated crypto we wouldn't dare go long in Ripple. However the thing with asset classes is that if we...