Strong Buying in Equities has created a bullish engulfing candle on 1H
Still a few hours left on 4H, but possibly same pattern
Price is bouncing from Key Daily support (Aug Daily Close 1837). Still trading in an up channel, and has not breached the channel to the downside as of yet. The Elliott Wave sub structure has been unfolding as a triple corrective, and therefore the same can be expected on the 1H chart.
Don't have exact targets for this one, will see how it reacts near the top of the channel. Stops below the spike low and beneath the channel.
Some of the Yen pairs are also starting to show signs of bottoming after a strong sell off, which supports this trade with recent strong correlations.
Still a few hours left on 4H, but possibly same pattern
Price is bouncing from Key Daily support (Aug Daily Close 1837). Still trading in an up channel, and has not breached the channel to the downside as of yet. The Elliott Wave sub structure has been unfolding as a triple corrective, and therefore the same can be expected on the 1H chart.
Don't have exact targets for this one, will see how it reacts near the top of the channel. Stops below the spike low and beneath the channel.
Some of the Yen pairs are also starting to show signs of bottoming after a strong sell off, which supports this trade with recent strong correlations.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.