Pattern: Fibonacci Channel on 1D. Signal: Buy as the price rebounded on the 1D MA50. Target: The 1.5 Fibonacci extension level (low-risk) or the 2.0 Fibonacci level (high-risk). Previous COPPER signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Ascending Triangle on 1W. Signal: Buy as the price rebounded right before testing the 1W MA50 (blue trend-line) with the RSI trading sideways supporting trading within the Triangle. Target: 27.700 short-term (the 1.382 Fib extension) and 29.700 (August High). ** Please support this idea with your likes and comments, it is the best way to keep it...
Pattern: Channel Up on 1D. Signal: Buy as the price has been consolidating near the Channel's Higher Lows trend-line in a manner similar to November 2020. Identical MACD sequences also. Target: 1330 (current Resistance on 1D) medium-term and 1550 (Higher Highs trend-line of the Channel Up) long-term. ** Please support this idea with your likes and comments,...
Finally the precious metal has broken above the 1760 Resistance which has been holding since February 26. The reason behind it wasn't the DXY or the rise on stocks but the strong daily sell-off on the US10Y, which broke below its own 4H MA200 for the first time since November! Whether that is enough to kickstart a correction, thus a sustainable uptrend on Gold on...
Pattern: Channel Up on 4H. Signal: Buy (A) after a pull-back on the 4H MA50/ Higher Lows trend-line, or (B) if Resistance 2 breaks first. Target: (A) 66.45 (Resistance 2), (B) 69.00. Most recent WTI idea projecting that rally: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
The Uranium ETF has sustained an uptrend since March 2020, with is rise resembling other bullish stock markets. Perhaps the most important development is the formation of the Golden Cross (MA50 crossing above the MA200) on the 1W time-frame. The 1W MA50 (blue trend-line) has been the Resistance throughout its multi-year downtrend. Can it now provide Support for a...
Gold reached yesterday the 1760 Resistance which is a very critical level as it may currently be the Resistance (since March 01) but is a Pivot as it was formerly a Support (two contacts: November 30, 2020 and February 18, 2021). It is no surprise that the price got rejected there as besides the 1760 Resistance, it also touched the 1D MA50 (light blue...
Simple fractal comparison on WTI as the price is consolidating since the March 23 low and is approaching the Higher Lows trend-line that started on December 01. As you see the current price action is quite similar to the late October - early November one. After the 4H MA50 crossed below the 4H MA100, a bottom was formed a few days later. Once the two crossed...
I don't call it Fractal of Doom for nothing. As you see WTI Oil hit the 2 year Resistance trend-line (red zone) that was first created on the April 23, 2019 High, and got strongly rejected on March 08, 2021. This is a Triple Top (counting the Jan 08, 2020 almost hit). A common characteristic of all three rejections is that after the initial drop, the price...
For the third time in this seasonal window, we enter short and try to take advantage of this trend in which seasonally from the beginning to the end of the season 15 years out of 15, this spread has been in profit with small drawdowns. www.seasonalgo.com
Today Gold is on a strong rebound as it held the 1675.50 Support made from the March 08 Low. But the reason for this short post is to bring forward the counter signal that the MA50/ 100 Cross give on the 4H time-frame. As you see on the chart since January 14 the MA50 (blue trend-line) and the MA100 (green trend-line) on the 4H time-frame have crossed paths 4...
This is a fractal comparison on XAUUSD between the current sequence and that of December 2020. At the moment Gold is trading on top of the 4H MA100 (green trend-line) using it as a Support and around the 4H MA50 (blue trend-line) using it as a Pivot. It still hasn't broken above neither the Symmetrical Pressure level (former Support, currently Resistance) of 1760...
Pattern: Fibonacci Channel on 4H. Signal: Buy as the price hit the 1D MA50 (green dotted line) and rebounded while the 4H MACD made a Bullish Cross. Target: 69.00 (the 2.0 Fib extension) and 72.00 (the 2.5 Fib extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 4H. Signal: Buy as the emergence of this Channel happened while the 4H MA100 (green trend-line) broke for the first time since February 11. Target: The 1760 Symmetrical Pressure level (former Support, current Resistance) and if you seek more risk, the 4H MA200 (orange trend-line). ** Please support this idea with your likes and...
Pattern: Triangle on 1D. Signal: Buy as the price has found support just above the 1D MA200 (orange trend-line) and within the 8-month Higher Lows Zone (green). The RSI also hit its own Support Zone. Target: 3.140 (the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
Pattern: Channel Up on 1D. Signal: Buy as the price rebounded at the bottom (Higher Lows trend-line) of the Channel and a Bullish Cross is emerging on the 1D MACD. Target: 29.600 (the 1.382 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Fibonacci Channel on 4H. Signal: Buy as the price just hit the 4H MA50 (blue trend-line). The region within the 4H MA50 and 4H MA100 (green trend-line) has been the most optimal buy level since November. Also the RSI is very close to its Support Zone. Target: 69.00 (just below the 2.5 Fibonacci extension) and 72.00 (just below the 3.0 Fibonacci...
The answer to this is not easy but at least on the short-term it appears it has. An early warning signal was the RSI Bullish Divergence as I mentioned on the March 04 idea shown below: The biggest development is that Gold made its first Higher High today since February 23. It also broke the more recent March 01 Lower Highs trend-line. However it has just met...