Tuesday, 22 October 2019

FTSE100: Trading below the cloud and that is overall bearish!

FTSE100: Trading below the cloud and that is overall bearish!

FTSE100 in bearish mode since price action is below the cloud, and the bottom end of the cloud is a key resistance zone! Index down more than 200 points since the most recent sell signal!




Thursday, 17 October 2019

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTCUSD Bitcoin: Fighting hard for support at 7825! Downside risk remain high!

BTC is down more than 20% since the cloud cross sell signal! Old cloud chart support zone of 7852 is being tested.  If support fails, there is downside risk towards next support zones of 7182/7017!

If support comes in at 7852 there is upside potential towards the bottom end cloud resistance zone of 8674!

Price action is below the cloud and this is bearish long-term.



Monday, 14 October 2019

Dow Jones DJI index fighting cloud chart resistance at top end of the cloud!

Dow Jones DJI index fighting cloud chart resistance at top end of the cloud: 27000!

Reversal and consolidation risk remain high at this resistance level.

DJI index is up more than 700 points since the rebound from old key cloud chart support levels!

Xetra Dax: Make or break week at this resistance zone!

Xetra Dax: Make or break week at this resistance zone! The DAX is just above an the old cloud chart resistance zone of 12405! Critical for the index to remain above the support level. If support fails here, we heading back down to 12202 front cloud chart support zone!

So far so good the index is up more than 400 points since the rebound from cloud chart support at the top end of the cloud in early October.

FTSE100: Fighting cloud chart resistance!

FTSE100: Fighting cloud chart resistance at the bottom end of the cloud! Critical week ahead for the FTSE100 to break past this resistance zone. Upside resistance target is the top end of the cloud at :7373!


Tuesday, 8 October 2019

Bitcoin: BTC down more than 20% since the cloud chart sell signal!

Bitcoin: BTC down more than 20% since the cloud chart sell signal!

BTC fighting for support at old cloud chart support zone of 7852. Downside risk to next key support zone: 7017!



Short-term upside potential from a technical retracement point of view , back up to the bottom cloud support zone 9300!

Long-term price action is below the cloud, and that is bearish on a daily chart.


Monday, 7 October 2019

FTSE100: Rebounded from old support, trading below the cloud!

FTSE100: Rebounded from old support of 7052.

New resistance zone at the bottom and top levels of the cloud at 7222/7373!

Since price action is below the cloud, thats overall bearish, but I am looking for a short-term trade back up to bottom of cloud resistance!