Look at NZDJPY which has potential to fall off a cliff and make a big move. SiMSCI could have topped with a very common reversal pattern. XAUUSD is also looking toppish and could turn out to be a disappointment to gold bulls.
A look at simple price action indication of change of trend: price expansion. A bearish price expansion terminates an uptrend sequence of higher highs, higher lows while a bullish price action does the opposite. Making a trade entry after such a signal ensures that we got the trend and timing correct.
A look at NZDUSD transformation from Head and Shoulders pattern into a Descending Triangle. Importantly the pair is still on track to a high probability reversal.
Same old same old. Nasdaq 100 chart with false break preceding current drop could have been lifted out of China A50’s collapse back in June 2015.
Monthly chart going back to 2007 and a H4 chart showing price breakdown shows these features: 1) Pre-Subprime Crisis top could be back as resistance 2) false breaks at high 3) series of tests and 4) 1-2-3-4 setup for sell potential.
USDCAD offers 5 price elements that strongly agree with each other. Combined, they offer a compelling high probability trade setup waiting for confirmation.
Natural Gas head and shoulders reversal chart pattern is still intact despite failed rally last week. After that wash out move, real effective resistance is revealed. Am looking for move to neckline.