Today was a tricky day during inventory news. I was short going into the news with profit, and thought that the news would blast through the 50% fib level. Stop placement was too far away and took a big hit. Its a lot easier to be an analyst than be a trader during the live markets. As you can see, oil traders like using the magic number 3 at key levels. My...
Palladium is in wave 5 down. From EW analysis the wave 5 does not complete yet. The price will meet high resistance at 539.2~565.6. If the price rejects from this resistance area, open short position. Open position when it reiects. SL at 573.9 TP at 451.5 If the price does not reject from the resistance area, this analysis will be invalid. Good luck for everyone!
August, 24 low is going to be tested. August 24 low is going to broken Targets are by arrows. Daily chart will follow. Video Analysis on Weekly, Daily, 240 min is here: www.youtube.com
Frankly, I could come up with a variety of counts for the market right now. About 4 counts say that the market has reached a top and we should be ready for a minor correction till July and then prepare ourselves for a bull market again. Analyzing the expanding ending diagonal proved to be tough. We could go up to the resistance zone indicated by the box and go...