Echf is looking very corrective in nature. I looked at multiple things on different time frames and that zone has a lot of resistance within it. We had a smaller scale diagonal ending at the 1.618 extension which is typical for a wave 3, so if Echf breaks that top trend line, that would complete a diagonal of a larger degree. The point would be to catch a sell...
USD/SGD could be in a huge down trend, or it will correct and give us one more up to the .618 for last 3 wave move meaning we get a correction in the middle. watch the 200MA on 4hr/ 800MA on 1hr as a potential reaction point for larger corrective structure, or a flag to continue down.
The major Chinese stock index, shanghai Composite, is not as bearish you might think or you might heard it to be in the news. It has just broken out of a month long fallen wedge formation, which usually appears at the end of a major trend. The break down yesterday provided great buying opportunities. Given the size of the fallen wedge pattern, it should be at...
NYSE:CIG has some nice wave structure going on. The 1st Impulse 1/A wave took the form of a diagonal. Now we're trading withing a slowly descending channel that looks like the upside will come (if not on this current move up, soon) What are your thoughts on this company? I'd love to hear some input! Thanks for looking, and trade responsibly! Always remember YOU...
The previous post is getting too long, so I am starting a new post here. A solid close below 112.042 (the end of wave iv of (c)) would suggest wave (c) has completed. Alternatively, break above 113.176 would argue something else has been developing.
Price broke the bearish diagonal structure impulsively last week. We are now expecting more upside on the Kiwi. Simply wait for a decent corrective structure to give us the 'confirmation' to take a long term bullish position. *Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market,...
Anyone that is in this buy, you might want to consider letting some run to the 50-62% area. It will definitely face some resistance at the 38% fib/ low (ray line) area, but considering how it looks, it may correct and continue upward. The daily is showing to be overextended, but the weekly looks like it may trend up more. All the platinum charts were showing...
According to Pitchfan trading methods, a trend reversal usually comes after the third break of a major diagonal resistance line. In this case, the most recent one we have just surpassed. Could this mean the start of a new Long Term Up Trend? Of course, there are many more things to keep in mind and other tools to use, but it is a good sign..
If you look at the daily you have a little room down to the 200 and trend line. TDI not oversold Refer to Weekly I just posted.
Chf/Jpy has intersecting pitchforks lining up exactly with equal length and the .618 retrace. Now.... Daily TDI looks like it may have upside, my buy from bottom still running in case of the leading diagonal scenario (until I see a reversal pattern). But the 1.236 extension level would probably be a good place to catch a wick off of should price break up, and the...
This is to show you Nchf on a lower time frame. See the ending diagonal after it broke pitchfork, followed by reversal pattern? Now we got a small ending diagonal and it can come back down, possibly even breaking the low. It can also correct and then continue upside. But it is about reading price action and having a trading strategy. Right now, I am long and...
See above the buy limit order I have set up for the FTSE From the Macro analysis I published in my last idea, I am expecting some downside for the FTSE over the next couple of months. Now to find a good entry! As stated previously, I can see a test of the lower bound of the ending diagonal. EWT suggest we has just completed Wave C-1, currently in wave C-2 - a...
Right now the Zebra Bull is back in full play. After the last time the zebra bull appeared He smashed his entry, then smashed his way up to his third given target. Good job Zebra Bull, good job. He is back, and there is something brewing. I have linked to the prior idea dated July 4th so you can see how well the levels in bright green from last year were...
Off pitchfork in an ending diagonal, 800MA on weekly. Equal length to the first 3 wave move... Just did a flat correction and broke out bottom, Oil news coming. Safest to time entries on the pullbacks. It is technically possible for it to come down A LOT. Check your fundamentals.
We have an ending diagonal structure completed on the daily timeframe, and a first impulse move to the upside from the recent low at 1.2957. We also have a bullish cypher pattern setup completing around 1.3011. Looking at the risk event for GBP this week, we have BoE rate statement. All these factors give us sufficient reasons to keep a close watch on the...