RB1988

RB1988

Bearish divergence on multiple time frames including weekly, but I'll stick to the 4H for now. Stop placed at 1228 (just above recent high to avoid getting wicked out. Target is ~1150s. So ~ 4:1 Reward:Risk. GL!

RB1988

SPX appears to be in the latter stages of Wyckoff Distribution. I believe we are at the end of phase B and in preparation for phase C. We may or may not get an UTAD. This is a test of the remaining demand. It is also a bull trap—it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out traders. A UTAD allows...

RB1988 Updated 

Looking to short the pullback here for Palladium. Bearish divergence on multiple timeframes, but we'll use a four hourly for simplicity. Looking for 1130 with a stop at 1190.

RB1988

It looks as though Wyckoff Accumulation is almost complete. Long any dip to $4.xx and hold for the next few years. 1st Target would be the 1.618 fib extension for wave 3 which would result in "jumping the creek". Then I'd wait for wave 5 before going long. If this does play out, it is one that you could hold for the next 5 years and enjoy the mark-up phase.

RB1988

Bullish divergence on the daily. Looking for a pop to the .23 fib retracement only. Good R:R. GL!

RB1988 Updated 

Silver looks to have put in a double bottom. Measured move takes it up to ~$15.90. Long any dip here and hold. SL at the most recent low.

RB1988

I'd be looking for a second test in Phase B and then long this for many years. With extreme droughts predicted for the coming years, I'm expecting the price of wheat to rise in the long term. Load the truck at the $3.50-$3.70 mark and hold it for three to five years. Thanks for reading!

RB1988 Updated 

Perfectly hit the 1.618 fib extension for wave 3. Wave 2 was a deep retracement, but I believe we could run up to the 0.382 which is common for wave 4. Bullish divergence on the daily too. Stop just below the 1.618 fib level.

RB1988

Clear bullish divergence on the weekly time frame. Expecting a test of the long term downtrend resistance at least and possibly a breakout above it. Stop set to the most recent low.

RB1988

Nice falling wedge on the OMG/BTC daily chart. Long on the 3rd touch off the bottom of the wedge. Looking for a nice move to around 80K sats. GL :)

RB1988

Looking at the similarities in this monthly setup and the mini fractal (pink) also coincided with the MACD bullish crossover last time this occurred. Moreover, monthly charts for USD pairs such as AUD show bearish MACD crossover. IF this is a larger fractal structure, I'm expecting this to go up to that longterm downtrend line over the coming months/years....

RB1988

So it looks as though we are coming to the end to this amazing, almost decade long bull run. The ascending broadening wedge (megaphone pattern) is a good indicator of a terminal wave pattern too. We may get one last touch off the top of the wedge to complete wave 5 of the whole 10-year structure, however in ending diagonals, the 5th subwave might not reach the...