KyleKeb

KyleKeb

The Bovespa has been forming a symmetrical downward trend followed by a 1.618 extension of the longer bull trend. You can see this in the chart by the first light blue fib retracement, and then I used a green arrow to indicate where the second retracement line is compared to the green 1.618 retracement line. The second to last move down is a bit tricky as it...

KyleKeb

Oil has finished its second symmetrical uptrend (blue trend line) along with its 3rd symmetrical smaller trend (pink trend line) Expect it to retrace back to its .382 fib line as it did on the first leg up. Note that this trend has had some retracements already unlike its first leg up. Look to break the .238 first before committing to the .382. Target Price is...

KyleKeb

First off, I Apologize for the cluttered chart. If I find a better way to represent the data I will do so in the future. Also, there is a lot of info on this char so you may have to zoom in and move around to soak it all in. It is looking like XAUUSD has a sequential cup and handle patterns happening. It also looks to be continuing this pattern in a Matryoshka...

KyleKeb

Both lines at 45.47 and 45.48 are the retracements from the bigger downward trend (Red) and the most recent downward trend (Green). Both retracement lines were broken but US Oil is having trouble passing the most recent high or braking back below the red and green retracements. The first upward trend blue line, from oils Low of 26.03 to 41.87, retraced...