GOLD Daily 2618 Trade After the NFP, Gold rallyed from the AB=CD completion Point. Now I am waiting for Gold to test 1347.28 and wait for the price action to short from that level. So guys, Mark this horizontal Line at 1347.28 and let's turn on our radar.
Hi Guys sorry for having this chart been blocked yesterday . I do hope ALL OF YOU understand the idea in this chart without me having to write a load of "stuff" explaining why this will happen as if I know "why"? Oh yes I know milk price will go up higher than gold price or Donald Trump will move to New Zealand and build a wall or maybe everyone will leave Great...
Friends, As the prior DAILY chart reached its lowly targets, price fell to Predictive/Forecasting Model's "Watch Line", an indicator that daily frame action had ceded control to higher timeframe. Based on same Model's formula, we are thus turning to the 4th degree higher frame: Weekly. QUICK ANALYSIS: - Predictive/Forecasting Model: In essence, the...
Friends, A quick analysis on the $EURGBP, illustrating a high-probability rally from current levels, based on a long-awaited reactive rally following the completion of the Geo's ectopic Point-5 at its most current 5-prime (5') position - See following chart: Predictive/Forecasting Model had defined a floor from which a long position was ordered and...
Friends, There are several technical hurdles likely to temporize further advances against the $GBPUSD: 1 - Completion of a Scott Carney's Shark-into-Five-O at the current price level. The 5-0 pattern is a natural acolyte of the Shark pattern, completing at 50% of the Shark's last swing (see 50% Fibonacci mark attainment in the chart): 2 - A Significant...
Following is a step-by-step demonstration of my own approach to Wolfe Waves detection, analysis and trading application. This does not constitute or represent Mr. Bill Wolfe's lesson on his namesake pattern, the Wolfe Wave (www.WolfeWave.com). $EURGBP - H4 Chart: Instead, it represents my own interpretation based on a preceding interest in occult market...
This is the result in the drawing of some free hand trajectories. With names like DanV predicting sub 300 prices as well, and with consideration of the last rise to 680. This might just be the perfect bubble in the making. And looking at it from this perspective, really not that far fetched. Taking the current Fundamentals in combination with relative...
This is the same chart that I published a month ago and all I have done is shifted the rally further to the right. The target and the stop are the same. Now that crude oil prices are coming out of their slide, it could lead traders to find the laggards in the group to buy. It looks like DVN is a coiled spring here, ready for a nice rally. 12:32PM EST, Wed...
Possible range breakout after a prolonged sideways correction that has brought in new shareholders and allowed old shareholders to take profits. It appears the stock is now ready for a new leg to the upside. Look for this recent burst out to continue as volume lifted as the price made a move to get this stock out of the range. We will likely see a strong...
Here is an ODD observation - Notice how each time ABX has been up around 17% over the previous QUARTER (approx 63 days).... it has been a reasonable trading top for the past couple of years. I'm often looking at 63 days for the simple reason is that it compares the same time window to the previous quarter's time window. This presumes that most companies report...
WATCHING FOR A TOP --------------------------------- Why? Well, I just drove across the country (Tues-Wed last week, 1800 miles in two days) westbound from CT to CO and I saw nothing but very dark, green, leafy soybean plants the whole way across route 70 to Kansas and across route 80 to Greeley. My guess is that soybeans produce far greater than expected and...
OIH 36.98 last: 41 target, 34.50 stop. ============================= With a reversal in the price of crude oil there is finally an identifiable bottom in the price of oil service stocks. Look for an advance of 10% in the next 6 weeks. 2% declines can be a place to enter positions during the advance. Note the regression channel trend down has been violated. ...