Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
The AUDCAD has recently completed a triple top and has formed hidden divergence on the MACD. This is signaling a continuation of the downtrend. Also the COT Report has the Australian Dollar in a heavily short position and the Canadian Dollar positively long which setup up a nice short for us. Both of these currencies are commodity correlated. Gold is falling(...
EURUSD shows significant daily hidden negative divergence. This suggests that though the EUR may have bottomed longterm in short term it likely pulls back
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
If you thought the trading was terrible wait till you see this chart. God damn, everything has to either a. not trade at all or b. monitored every 3 seconds. The 4hr divergences trumps the 1hr. And weekly the daily etc. Sorry about this whipsaw but it's the nature of the beast.
Currently, a hidden negative mismatch exists in the correlation between the price and the relative strength index in the 4-hour timeframe. The fact that the price received a rejection response from the 200 hourly simple moving average affects our situation even more negatively. A simple ABCD setup and the values of the lower band of the channel we are currently in...
GRT is in a Descending Triangle and we can Expect the Price to Fall because Not only The Price is in a Bearish Pattern and That the Price would Decrease as much as the Measured Price movement (AB=CD) ,We also have a Hidden Bearish Divergence (-HD) on MACD as well! This Means that The Bulls are in Real Trouble Right now! The Price should Reach around 0.105$ after...
Just found this recently.. I'm a believer of zooming out and looking at the weekly I've noticed a few things. Not only that there is a hidden bullish divergence in play, the RSI is a lot LOWER than 2021 May Dump. What are your plays here?? Long but short term?? Or longing in the next few weeks? Let me know your thoughts!
Oil looks to continue its bullish run as we can see hidden bullish divergence. Strange how they blame Biden for hidden bullish divergence. Seems to me like buyers are the reason Oil is going up. Stops to me looks to be below recent low.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/USD Sell. Enjoy the day all. Cheers. Jim
If you have been following my charts for a while, I suggested that the general markets could turn back up as the monthly had blown off its extremely overbought state since I started posting in December. Now that they have bounced we can see that the bulls are not done yet and are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CAD Sell. Enjoy the day all. Cheers. Jim
Good afternoon fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a CAD/CHF Buy. Enjoy the day all. Cheers. Jim
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a AUD/CHF Buy. Enjoy the day all. Cheers. Jim
From previous posts there is some evidence that the NZD and AUD and the CAD may have bottomed and this could be a longer lasting bounce. The fact that the NZD and the AUD CAD did not make lower lows and the pullback was not massive and filled with panic selling suggests to me that there is enough evidence to support this idea.
Again similar situation as the AUD or NZD this likely pulls back to new lows? We can not say at this time. What we can see is weakness in this move up for the EUR. This is not a time to go long on the EUR.
"Just when you thought you had gotten out, they pull you back in" Humour for a serious market. This suggests that the markets are likely to see further down. Just when you get hundreds of "ideas to buy". I suggest DON'T. But if you are waiting to buy wait some more and don't short just watch as others panic. Cryptos and currencies are showing very similar...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/JPY Buy. Enjoy the day all. Cheers. Jim