Nawaf6

Nawaf6

The monthly chart is still to the up side and the daily prove to be strong.

Nawaf6

It’s not good idea to choose the tops, But it’s fun to do and more fun to be right

Nawaf6

Weekly short

Nawaf6

The weekly momentum is down and the channel is down.

Nawaf6

This correction at least hopefully will reach the lower line.

Nawaf6

Some people waiting for hyper deflation because it’s the the normal step after inflation, and other for hyper inflation due to massive money printing by the fed. Me personally for hyper deflation so I prefer 123 numbering’s

Nawaf6

There is oil depletion and the discoveries doesn’t compensate for the consumption and for the new cities and global increase in world population, so switching to gas to produce electric energy for the electric cars which will replace the existing car’s which consumes most of the oil and that goes for the airplanes and oil will be use for petrochemical...

Nawaf6

Two consecutive closing days with long bodies candles which breaks a wedge shape ( ending diagonal in Elliot wave prospective) near historical upper line that started from 1929 beak, a lot of people is expecting the big correction in the financial markets. In the previous idea there I was expecting the throw out the wedge to reach 33000 put it only goes to...

Nawaf6

GBPUSD is moving in an channel.

Nawaf6

The pair is moving in An upper channel.

Nawaf6

In monthly prospective for CHFJPY it’s in a upper channel and heading up.

Nawaf6

With all the Swiss national bank effort to weaken its currency it seems to will continue to strengthen.

Nawaf6

Due to the unrest that is happening in the United stat of America ,BITCOIN and gold which I talk about before may reach high prices.

Nawaf6

This is logarithmic long term out look to gold.

Nawaf6

I have previous idea that the Dow John index have reach its 1.618 extension from 1929 high,And upper line that extend from 1929 high that shows it might reach 33000 points.

Nawaf6

The gold broke the trend line and may form double bottom or head and shoulders if it going down. Or it will continue going up.

Nawaf6

The world is facing financial crisis and starting to implement negative Interest rate to face it as Japan Switzerland and Denmark did and the American president is pushing for it and I think he will bush the federal reserve to do it. And that will strengthen the dollar and will bush the markets more to the down side.

Nawaf6

This chart I draw 3 months ago but was hoping it’s won’t be true because it might be the beginning of very deep correction. It starting from 1933 at the end of the 1929 great depression and reach its 161.8 expansion .