this post is related to the following tweet posted by @EdVanDerWalt.
Starting point: the top made on Jan 2002 by the US Trade Wighted Broad Dollar is = to top made on Jan 2002 by US dollar Index.
- Top forming by the US Trade Weighted Broad Dollar on Jan 2017 same level as its 2002...
following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17.
Thank you for your support and for sharing your ideas.
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I still don't know how to use VIX in order to buy SPX pullbacks into demand but IMHO the video explanation provided by Investopedia is a great place where to start.
To note that if you set up this structure and enlarge it, VIX will overlap SPX due to 2008 Financial Crisis therefore its benefits may be...
the above is a close up of price movements inside the circled area:
Now please forget about the chart with the circle and concentrate on the 30 minutes chart.
a) three levels: 1266, 1277 and 1288;
b) price supported by 450SMA above 1277;
c) RSI just above 50;
IMHO, US China Trade negotiations and clues...
first of all, thank you all for appreciating my works.
I do my best to try to make sense of what makes no sense. At least for me. Like the move that Gold made today after strong NFP release. To be honest...I was not expecting that pullback. Especially I was not expecting to end week17 above the same support that was breached on Wednesday when FOMC...
hope it is readable.
1. Financial crisis of 2007-2008 (en.wikipedia.org)
2.People emotions take shelter into safe haven
3.Capital take shelter into safe haven
Fear and uncertainty drive the market.
4.In 2010 CBs & Govs. worldwide implement measures aimed to reassure and stabilize financial...
same narrative as previous posts. 2007 Financial Crisis increased demand for safe haven. Central Banks, by introducing policies to stabilize the financial system, eased the fear away and drove gold prices back to pre-financial crisis levels.
From this perspective it could be a 4th wave rounding bottom on top of 1st wave. If so, price coiling and 5th...
as the two red cups are, IMHO, supportive patterns,I'd like to know who is supporting gold.
b) gold industry?
c) China, Russia, India?
d) dollar system haters?
e) fear of another Financial Crisis?
Why should gold resume the negative impulse provided by the Financial Crisis 10 years ago?
Soon the correction will be over and gold will exit...
the above structure is based on the assumption that gold, among other factors, is driven by negative economic outlooks and is considered a safe haven asset.
For me the simpliest way to put it in order to undestsand price action in the last 10 years is the following: Financial Crisis have driven gold price up and the System have responded by implementing...
...but it may NOT be.
IMHO these formation cannot be found at the end of a bull run.
Thank you for your support and for sharing your ideas.
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Please note that I...
the above structure may be interpreted as a descending triangle according to thepatternsite.com but is my interpretation correct?
I was thinking about the Bull Run started by gold in mid-Aug'18 and its end (circled in the above...
I hope Richard Demille Wyckoff will forgive me for this. Lol
To view Wyckoff's accumulation structure referred above click this link d.stockcharts.com
For a brief introduction to The Wyckoff Method please click this link:...
in theory, it looks very bullish and ready to make new ATH. But will the recovery rally help the market go above 3000?
If this is a V-shaped recovery, what caused it? According to Investopedia "V-shaped recovery is one of countless shapes a recession and recovery chart could take"...
tops are descending into 1285.
sentiment diverge but bears keep pushing.
Gold has been going up & down on support at 1285.
On Thursday Gold seemed to pull back (V-shape formation) but nothing happened.
I am seeing a lot of cups which may be the first signal that I am losing my mind.
C'mon, get a grip Marshall, let it go, Gold is not pulling...
this is what I see on the 4H chart.
Here below a very similar structure I made two weeks ago. Please click & play to watch how Gold moved since then.
To note the support formed in week9 following the dive. IMHO there are a lot of similarities between the support formed in week9 and the...
this is the handle I am referring to.
AToW 100SMA keeping the pullback under control.
This may offer a better idea of the activity inside the handle. Click & Play to watch it unfold.
Thank you for your support and for sharing...
above is a rough structure for USD/JPY which is no more than the follow up of the impulse receved last week after the triple bottom to attack 111,500 (see related ideas linked below for week 12).
AToW 50SMA pushing and 500SMA supporting.
Price formed a source as supportive formation which may be also a cup. If so, considering the building divergence in...
the title speaks for itself. The trend is still down below 200SMA but the building divergence with RSI at 1285 may well favour a pull back into the 200SMA but AToW 50SMA still pushing down. OTOH it could still push and break below 1285 before mid week13.
Don't forget the Cup & Hanlde Formation and the Bull Run started mid-Aug'18 which Gold is now...