Hi Guys, just some infos: WTI dropped $15 when the World Health Organization issued a Global Alert iro SARS on March 12, 2003. en.wikipedia.org nCoV2019 was first reported from Wuhan, China, on 31 December 2019 What are your thoughts? If you have any questions or comment to add please do not hesitate to post it. Thank you for your support and for sharing...
Hi Guys, January did not start bad with prices rising and peaking with Operation Martyr Soleimani. Despite this, all gains made in 45 days were lost quickly in 20 days thanks to coronavirus and worries over economic growth and oil demand. Since my last idea on WTI posted on Oct.7, black gold moved from $52 to $65 in approx. 45 days. The peak at $65 was...
Hi Guys, XA = BC What if it was a Zig-Zag? If you consider the Math the numbers IMHO add up almost perfectly. Consideration: Same time last year it played bearish into mid-August with FED not hiking. However, following the meeting, FED members made very hawkish comments anticipating 2 rate hikes before end of 2018. Such posture made Gold to stop at 1160 and...
Hi Guys, normally I do not use the A/D indicator or Volume becuase I don't need them for my trading. I want simplicity. That's why I use RSI and two SMAs in addition to XP, news, events and patterns. In this case A/D just confirms the strong bullish trend which is evident just by looking at price. Volume seems to provide confirmation of the divergence in...
Hi Guys, double bottom supporting at $14. 2nd bottom forming in divergence with RSI oversold. 230SMA stopping the pull back and pushing down as in 2016. IMHO a cross of the 230SMA with price breaking and consolidating above $16 may trigger a run towards $20 (1000SMA) with 1st TP at $18. Otherwise, IMHO, if support at $14 is breached, Silver will probably keep...
Hi Guys, "The most common method of trading the ratio is that of hedging a long position in one metal with a short position in the other. For example, if the ratio is at historically high levels and investors anticipate a decline in the ratio that would reflect a decline in the price of gold relative to the price of silver, investors should simultaneously buy...
Hi Guys, Gold is pulling back from 1.310 once again but is still above 400SMA and supported by 200SMA. The double top may present an opportunity for a breakout of the 200SMA towards 1.294. However, in view of forthcoming FOMC meeting due today, intraday positioning is highly risky therefore not reccomended. On March 10, I posted a H4 chart presenting an H&S...
Hi Guys, 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...
Hi Guys, 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. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications on new and updated ideas. Disclaimer: Please note that I...
Hi Guys, 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...
Hi Guys, 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. To note: 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 on inflation may trigger a big move. An...
Hi Guys, 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...
Hi Guys, 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. www.investopedia.com 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 obscured. I will try to post...
Hi Guys, at the end of week12 price exited the distribution channel started in week9 and dived from 200SMA to built what IMHO is a short term support just a little bit above 1285 with 50SMA pushing down and stopping the pullback right at 1300. The pull back may extend into the 200SMA following divergence with RSI on Friday but only if 50SMA is crossed and...
Hi Guys, 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 your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want to receive notifications...
Hi Guys, 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" www.investopedia.com Uhm...so...have we just lived a Flash Recession and...
Hi Guys, 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 systems. 5.in 2012 the run is stopped. 6.Fear and skepticism...
Hi Guys, 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...