Corrective Wave coming but when, cant say, but is surely coming for corrective wave.
Fib retrace up-to 23.6% i.e. 1250 and then 1245-1240.
CCI is building a rising wedge formation. If this breaks down below the 50 day moving average at $87, it could be an easy drop down to $80 * Trade Criteria * Date First Found- January 13, 2017, new trade criteria- February 19, 2017 Pattern/Why- Rising wedge formation Entry Target Criteria- Break of $87.0 Exit Target Criteria- $80 Stop Loss Criteria-...
Gold Divergence was found in weekly chart hence my 3rd confirmation for Gold Long for 1275. Using Pitchfork Tool and Commodity Channel Index (CCI).
USD/JPY is at the lower end of the trading range. The divergence between CCI and the chart pattern is another fact in favour of a long position.
CCI is a very speculative earnings play. It seems forming a pennant formation. we think with the earnings it will breakdown. Trade Criteria Date first found - January 13, 2017 Entry Target Criteria- $82.50 or $85 Feb-17 Put options Exit Target Criteria- $77 Stop Loss Criteria- N/A Trade Status: Pending (Note: Trade update is delayed here.)
This fib speed resistance fan shows the angles 0,25 and 0,5 are significant as resistances and we just hit the former with an immediate rejection of the uptrend. This idea follows the fact that DXY is starting to reverse and we can see the same pattern on the AUDUSD that was published before. First target on the 0,382 angle. Thanks for your comments.
We just reached the 0,25 angle of the fan where there is a clear resistance. My signal triggered with CCI and objective for this trade is around an important line around 16. There is also the full moon ! Please see related ideas. Thanks for your comments.
These two indicators (CCI and MFI) are coming back from the overbought region and we are at a key resistance level. This is enough for me to give it a try. Thanks for your comments.
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close (32 Commodities) drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close (32 Commodities) drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close (32 Commodities) drive.google.com Best regards :) Aaron
There has been a clear support forming for EURAUD which has been hit 5 time starting in mid-October 2016. There has historically been another resistance line at fib 0.236 which has been broken late 2016/early 2017 but we have returned to the support. Looking at this pattern I would predict a trend upwards to hit the previous resistance around 1.447. We can also...
GBPAUD buy, cci crossed trend line 1h frame, target:1.69850
AUDCAD, SELL, Crossed zero line CCI, target:0.9550
Sell gold on daily chart if crossed trend line on cci, and its close to cross it, target 1135