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.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.