TL breakout + retest - page 55

 

hi mphpopular

Peace be upon you

Sir, what your expectations of the market

 
fx.ayman:
Peace be upon you Sir, what your expectations of the market

I remain on a Long Term Bullish Bias, a slow recovery in the market.

Refer to attached file below. Inverse H&S in weekly chart of SP500 and DJIA

Btw, I'm busy for this few weeks, so less post.

Files:
 

EU :

Weekly:

Within the range

H4:

Break down since we break the TL and the horizontal SUPPORT.

Currently candlestick showing a signs of bull whereby it is a bullish engulfing

 

GU :

Weekly :

Previous week DOJI have cancel the bull sign of bullish engulfing 2 weeks ago. Uncertainty.

Daily :

Posible Support TL can be drew in different way (red / blue). SO is it broken?

H4 :

Market break Ascending Triangle but refuse for a free fall.

H1 :

Falling wedges spotted.

 

GU seem to be interesting, BULL coming? Market already breakout the range.

Weekly :

Refer the candle in highlighted yellow box, two bulllish candle.

Refer the data window, a closed price above 1.67.

Daily :

Breakout above all the resistance. Blue and Black resistance both broken.

 

EU daily :

Beware of horizontal Resistance, and also the dotted line might act as posible resistance TL.

Files:
 

nZdusd daily 02Aug09

 

EJ daily h4

 

AJ h4 02Aug09

Files:
 

nzdjpy 02aug09

Files: