MrCanada

MrCanada

Watch for the pattern to resolve to either direction. Place stop above or below the breakout pin. Good luck ;)

MrCanada

Ascending triangle - daily chart

MrCanada

USDJPY hit the top of long term downward channel, likely to turn lower

MrCanada

The S&P is reaching a strong area of resistance. If you are long I would follow closely and keep a tight stop. I would not add to your long positions or go short just yet. I would wait for the 5&13 ema to cross or the slowstoch to go below 80 before selling and/or going short. I would put my stop just above the previous high.

MrCanada

First HA Reversal signal in five sessions. Wait for second full HA Candle for confirmation. Stoch is also in overbought territory and heading down. Wait for red D line to cross 80 for confirmation. Put your stop at previous high around $206. Be cautious as Daily chart is still showing up trend. Weekly chart is showing possible reversal.

MrCanada

HA Candle closed with a possible reversal candle. Wait for second candle to confirm trend reversal. Stoch is also in oversold territory. Put a stop at $14.05. Watch out how much you capital you use with this stock as it can jump 3% either way overnight.

MrCanada

Possible breakdown in gold developing. First down HA Candle in over two weeks. Stoch overbought. Look for a second HA reversal candle and for the Stoch to cross 80 for confirmation. Put your stop at the previous high. Good inverse Gold ETF is DGZ.