EUR/USD can have completed a long-lasting structural pattern similar to the one completed at the beginning of the millennium. I know that many could interpret this as a bear-flag pattern. However, I think the pattern may surprise the market and the Euro breaks to the upside.
Get ready for taking a long position in EUR/USD
NatGas is ready for a corrective B-wave. Look at the volume. It is maintaining 200 DMA. See my other idea linked in below.
Dry shipping is breaking out. Golden ocean group is a major player in this industry. The Baltic Dry Index is now above 1000. Prepare for a massive move.
Copper has consolidated for about 6 years and broken out from its consolidation. Trump has promised billions to be spent on infrastructure developments. Developing economies like India is also heavily investing in infrastructure these days. Wait for backtest of consolidation before entering. There is huge upside potential here.
We might start a new impulse sequence up after what may be a completed 1-2-3-4-5 ABC EW pattern. This is an interesting point for price; We almost have a failed daily cycle and we broke a long-term uptrend line. This will make bears flock around gold. However; The cycle is so far only ALMOST failed. And broken trend-lines occur often without being crucial. The...
Gold has completed a correction wave with an extended 3rd wave down in the C wave. Temporary qualify for a long position
Natural gas has retraced 50 % with a very steep drop-curve and is oversold. The momentum indicator is flat and has turned. This is a good place to add first long position. I will add 50 % here.
Silver is getting close to breaking out. This is the break-out you want to be a part of.
The pair USDCAD is in a corrective structure. USDCAD has performed a 38.2 retrace from its top and has now broken out of its upper wedgewall. This will most likely be a fake breakout, because it is the GANN-resistance which is important here. It is meeting a significant resistance @ overbought conditions and its momentum is stretched and turning. This will...
Chart is self-explainatory :)
Silver is having a breakout backtest before its take-off
Today price tested the uptrend support line and got heavily rejected. It was a clear message that the intermediate bottom is NOT in yet. Use patience and wait. Patience gets rewarded!
I post this idea as "long". However, I will not take any long position in this index as the risk/reward is not the greatest. But the structure we are seeing now is quite similar to the one highlighted from 2014.
Amazon will continue its drop for some more time. If the gap get filled on Monday, it can be a good place to add shorts.
Get your ass on board. Set a stop loss just in case of emergency. HUGE risk-reward possibility. Check also out my idea linked below which takes the inverse pair a bit more in a technical sophisticated way. The red arrow indicates direction, but it will be a bit more fuzz to get there. But you get the picture; We are heading up. Do you have a thumb for me? :)
Falling knives can be tempting to try to catch. But not knives in intermediate declines are dangerous as the trend is negative until it bottoms and it makes timing difficult. Wait for the bottom and go heavy long when all sellers have done selling :) Stay on the sidelines for now if you are not already in short position. Check out my idea of intermediate top. The...