Cable is fighting a lot of opposing forces at the moment. The rally in wave 1 stopped just below the 30 year horizontal resistance-line. This line acted as support for Cable since January 1986 and was broken in June 2016, which shifted its position from support to resistance. However, I think the dip below soon will break back above this horizontal pivot point...
Stairs trend,. last 5th based on 1-4 average numbers
Waves were drawn on 1D candles.
Strong reversal pattern here to retrace current bull wave back to subwave 4 support in two corrective waves. The ending diagonal is very accurate and the overshoot is now being reversed. We've seen Sinewave plotting a bull break signal but the prices never managed to break up the target line and that was the limit not to cross. This false breakout is very likely...
What a nice cycle! - Qué ciclo! Carlos
Growing political & market instability will cause $GOLD to regain traction as the new market cycle begins.
For some time now the dollar has been crashing. Now, if you look at the TVC:DXY on your monthly chart from the 20th century to the 21st century. Price has shown clear signs its been in a downtrend channel for long time now. since recently around 2016 price finally tapped the channel once again, and now i believe price is looking to hit 80$ or even lower since my...
See chart for explanation. www.gartner.com Bitcoin rally could void the chart, but I am considering going in long with a large position here.
So i've been looking on alot of coin charts today on high timeframes 1D / 3D and noticed that ALOT of coins is following the market cycle really nice and we still have along way down to fall. We seem to be at either the Complacency, Anxiety, Denial stages and in some, Panic. Once we reach Depression i will buy alot of coins. So my strategy now is to trade the...
Bitcoin and other deflationary crypto-assets follow distinct fractal patterns in their price movements. Bitcoin , most of all, strictly follows a fibonacci pattern during its bubbles. To the right we have the 2013 bubble and the previous minibubble as basis for our fib-extension. Here we see that bitcoin always has concluded its bubble cycles at the 5.236...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses. The first have been completed and we clearly see...
My Long term view on this cable is buy. We are currently in a good place to look for buys. Bullish Scenario: Triple Cycle with Bullish divergence formed followed by False break. Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected. Bearish Scenario: I will be keeping an eye on the Daily...
A big correction is due soon, but when??
1. Bullish Harmonic pattern PRZ 2. Reverse Head and Shoulders 3. Wave Cycle FOREXCOM:WTIUSD usoil NYMEX:CL1!
DOW: DOWI Dow and Commodity 10 year Cycle
It seems we have a great opportunity to LONG this stock, as price action has progressed through structure almost reaching the Blueberry EMA, which would provide a high probability Entry LONG as well as breakout of structure going LONG. Overall structure shows bullish trend but I'd advise caution on entry as we could see larger retracements down to the bottom...
CIG has been very cyclical lately, and has been reliably bouncing off of this trend line and bouncing dramatically. I think there is a high likelihood that it will continue this trend and pattern. That means that I should have a fantastic entry point soon.
so 5-5 wave was eaten . and super timing 21 or 26 d cycle show in this chart u will see this correction target is 1239 sl:1296 tl:1239