In name and concept; clones some people refer to fib levels colloquially as clones as well! enjoy manage your own risk much love gl hf xoxo snoop
Check the related ideas for a description of the cycle. The market reached all time highs as expected with less momentum, if we are in the "upwards consolidation" period we should expect a pullback soon. I'm taking profit on the previous long and waiting to buy lower
A long term plan the current bubble we find ourself in, and exactly where in the cycle we are. Short term is long but we must be extremely careful! A side note: after the next deflationary crash, cryptocurrencies will be hit hard, buy them when they are very cheap after the crash.
As predicted in my last dow chart, it has had some trouble just below 27000. However it seems to have reacted the same as the bullish clone so I am buying up stocks again. I see this as being the cheapest stocks will be all year and a perfect time to buy, although I see it as 50/50 weather we make a lower low before heading up. Dow is going up to the moon before...
Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The...
DXYs lengthy correction seems to be entirely made by taking the previous trend and mirroring it with making slight alterations each time, if this continues to be the case we should expect a reversal to the upside within the next month in accordance with this clone from the previous bull run, By using the mirror of the current bear trend we would expect this to...
This clone has been making me profits for over a month now and I'm not going to give up on it yet. It predicts a move to the downside around 1280, I have taken profit on all my longs and will be selling in that area if gold shows signs of weakness. My main short trades will come in when it crosses below the 300 hour EMA.
Gold is still following the clone perfectly and has just broken the 300h EMA which I usually use to establish longer term trends, The next buying opportunity is around 1226 at the bottom of wave C of the correction. It's possible that it doesn't reach 1226 so I may buy higher up if the correction appears to have been completed
Because of how accurate my previous predictions were using this clone I thought I would try to make a ridiculously specific prediction and show off if it is accurate and pretend it didn't happen if it goes wrong.
Both RSI and MFI are picking up, looking for XAUUSD to rebounce further. Previous CUP has been working great.
Gold really like three drives pattern, it is on the up stage, tp 1230 and 1268
My attempt at using Clone Levels on GT. There is a bearish Butterfly as well 2 bearish AB=CD patterns completing at the top of the range which may be a nice opportunity to short (and especially if SPX is to have a pullback as many on here seem to think). Weekly RSI is almost overbought as well. The targets of this pattern as well as the larger clone levels will...
I have found this mirrored clone very useful so far, a spike this large after hitting the ichimoku cloud seems unlikely but set an order at 102.5 encase the clone continues to be correct. This structure on daily would appear as Head and shoulders so it may be possible to let your short run longer
Got a good reversal ()3 Drives to up, the down reversal success has been moderated. Lets see if this one works better. tp 1 1196 tp 2 1170
It is at the final stage of 3 Drives pattern, which is up, up and away stage. Gold has been favor this pattern quite a lot, let's see if this works again. First TP 1147.55 and Next 1157.11, those 2 are the clone levels.
This is my forecast for the next month for Gold Shorting the $1170-88 area, looking to TP at around $1065, then LONG from there! Let's see how this trade will manifest!
This Idea mainly is based on Clone level and PA. The daily chart is somewhat bearish, will trade according to the clone level and wedge for direction. I made this chart in September and was amazed by the Top TL guidance, and also the lower wedge TL was pretty good protected so far. This chart might still work for a while, so decided to share it, please make...