H&S top. The price is now right on the neckline of the pattern (185). Any lower and it will break and this gives a short move down to around 140. A nice big trade. OJ highs historically don't last long, and seasonality supports a drop in Jan too.
I wont speculate what FOMC will announce, but in terms of Gold...cyclically, will get smashed. Not until then...time is the most important factor here. My price entry may change due to price action leading into the turning point date. The date of entry is set in stone though. 17th or 18th is next top.
A long play based on divergence only, both RSI and MACD. Seasonal coffee chart shows a probable up thrust in January. GL
February...very active for Sugar's seasonal curve.
This trader expected to see bottoming action on 77th day down as that was the given structure for Sugar. However while making this swing down it exceeded the last swing up both in Time and Price. Per trend rules, markets that overbalance in Price and Time are markets that shift in trend. Overall we traveled down for 3 lower monthly candles and so it's easy to...
Expecting to see the result of the trade no later than third week of January.
It seems that easy to understand that price could keep moving down as some reasons: doubt in global production cut, inventories are still high, lower demand (less cold weather), holiday seasons (traders try to take profits!), etc. . But in my own long-term view, I still keep bullish trend in crude oil price development. My view is based on the analyze/comparison...
As you may know or not, Gold use to have a seasonal drop Nov-Dec then to bounce up Jan-Feb. Look at the chart and you will see how many times that happened, i am not saying it will happen now again, but there is a big possibility for that. I personally think it may have another drop before we can see a bounce up. In both case i am only looking for buy setups on...
There is a confluence of factors suggesting that gold is due for a rebound: 5y seasonality pointing to a bull short term window, downside momentum fading, money flow bullish divergence. Commercials are accumulating. We are near an important support.
Possible Long set up for Gold and Seasonal Tendency opportunity.
Remember my seasonal tendencies post, We have waited for Gold to get lower than the June/July low... Opportunity of a lifetime this!!!!
Looking for the intraday breakdown... If my idea comes to fruition I think this could become a position trade. Seasonally November-December is unkind to pet rocks and paperweights alike.
Short at Market: SL: 3.11 Target1: 2.865 Target2: 2.670
The chart is backed up by seasonality. November is a good month for $PVH
Seasonality: "The period from November to April has significantly stock market stronger growth on average than the other months of the year. The Halloween effect was evident in 81 out of 108 countries in a research study using all historical data available. Importantly, the researchers also found the effect to be increasing in strength: Over the past 50 years,...
WEEK MA CROSS 2 MONTH MA + PEAK SEASON FOR DEMAND OF FOOD IS COMING.
The soybean chart looks prime to push higher for the next 2 weeks. I recommend buying soybeans a 986.0 or better before the end of the week, and hold it until the end of the first week of November, or cover around 1028.0 or better.
Note how the last 3 years Gold's low is in November/December. Note the low is always lower than June/July low Gold made lower highs and lower lows, but 2016 is the trend change!! Look for a low below June/July low between 1210 and 1170, for a big move in 2017