S&P MONTHLY BEAR MARKET PROJECT RED LINE
EURUSD BROKE GREEN DOTTED SUPPORT LINE FROM 2015 NOV LOW $1.05 . AND CREATED A DOWNTREND RED LINE FROM 2016 MAY HIGH FROM $1.16 Next test fro EURUSD IS SOLID GREEN LINE WHICH WAS CREATED FROM 2015 MARCH LOW @ 1.045
Bitcoin still trading in Triangle pattern. There are 3 triangles in different degrees in play with BITCOIN : 1) One higher degree from 2013 HIGH $1100 (REDLINE) & 2012 LOW $5 ( DEEP GREEN LINE) 2) One smaller degree from 2016 high (RED LINE) $770 & 2015 low of $200 (LIGHT SOLID GREEN LINE) 3) SMALLEST DEGREE 2016 JUNE high (DOTTED red LINE) $770 & 2016 Aug low...
in an elliott wave, support is the lower price of wave 4! AS IN AUGUST...
Long term trend down given by the 89 day sma below the 89 week sma. Recent price action has created a great opportunity to trade with the trend. Fractal momentum has reached a maximum to the positive side. Fractal acceleration has turned negative. Futures trading involves risk of loss and is not suitable for all investors.
Hello again friends! Today we see that price crossing into a potential reversal area where we see many things have been lining up. First and foremost, notice this steady uptrend. Price has come down in the form of a complex pullback. A fibonacci inversion was taken from the center of this pullback and price has just hit the all-important 1.618...
Hello Traders, Here is a wonderful example of a Rogue Wave in progress. A rogue wave explained by Bill Wolfe is as follows: "Sometimes everything is in synch and you will get a rogue wave effect similar to what occurs in the oceans of the world. These can be extremely profitable in the futures and stock market." Although there is a very little mention of the...
CRUDE OIL TESTING RESITANCE LINE. SOON 2 B SHORT
i am watching this potential bearish bat pattern which is in progress now. I would be catching the reamaining part of the CD leg if the price or candle on this 15min closes above 43.68 for the target of 44.2x(or whatever it gives) and stoploss 43.4 Clone level towards upside 43.68 - 43.81-43.94-44.07-44.20
This is not a a favorable risk/reward setup at current price but still a possibility. At the time of publishing this chart, prices were at 43.17 and since we have just touched the long term trend line that is drawn from below 30 dollars level, definitely a bounce can be expected. Also, selling pressure is expected to once again be visible at higher prices....
I am watching this potential Harmonic Gartley Pattern. As most of you know i trade harmonics differently than rest i.e i mostly trade the CD leg of potential harmonic patterns. On this one i am already in short from 44.4x area. I will be adding more at the break of 43.4x Clone level for an open target. Levels of interest for downside are:...
Crude Oil looks to be nearing the end on it ABC correction around 41.70 before possibly moving back above the 49.00 level again.. Note the descending triangle in the RSI.
Short Term 45.50 Long Term 41.20
OPEC meeting at the end of the month. There is big manipulation at this level ,barrel $43.50. My future prediction for Crude OIL, expecting re-test barrel $50 area. Before or After the OPEC meeting. Great buy opportunities at this level. As we all know ; Saudi Arabia controlling the oil prices. Dont forget ARAMCO ready to go public. ! They know something. MY...
Our next journey showing a lot of information, including: possible breakout points, down and up; support and resistance points; trendlines, fork range and its exits, explained important points in detail; etc.