OK...look at the charts and learn how selloffs work. We were looking for a pullback Friday and never got one. This market is weak and it is inflicting it's pain on people. The $NQ blew through support and is selling off again in the Globex session. We are watching the support area below for a trigger. The trade long will be for a bounce. The path of least...
A clear signal has been formed during the last week, so I will look for a short opportunities during the intraday price action.
One is hard pressed to find a macro bull case for crude. Supply is poised to rise, demand is looking to slow, and the dollar looks ready for another leg higher. Longer term, I still believe we'll see new lows in oil and the technicals make an easy case for a full retracement of this Spring's ascent. Currently, crude is sitting at important support, which...
AS YOU CAN SEE I JUST COUNT WAVES. I FIGURE OUT THAT PRICE IS MAKING A 5TH WAVE AND THIS WAVE HAVE AN 5 WAVES STRUCTURE TOO. NOW PRICE IS MAKING THE 4TH WAVE OF THE 5 WAVE SEQUENCE THAT IS INTO THE BIG 5TH WAVE. THIS 4TH WAVE IT SEEMS TO BE AN ABCDE PATTERN. SO I WILL BE LOOKING FOR THE BREAK OUT TO GO LONG. MAYBE IN LOWER TIME FRAME. WHAT DO YOU THINK ABOUT...
The pennant on the chart is on the verge of a break. Proceed with caution as one needs to wait for the confirmation yet. But the price action and the fundamental factors/ economic noise around looks ripe to push this above. If confirmed, we should see a good rally towards 100 level. Implications: Commodities will suffer (Read: oil and gold) Fed hike will be...
This is one way of using the TVI indicator I posted earlier. Categorized based on the probability. Hope this helps..
The H&S is currently in play an the USD is holding on above neckline and we will not rule out a retest of that neck line for a well defined entry and risk. Target is very much of higher number at 11950 or even higher depending on how the Europe act with Greece. Stay safe
Very interesting movement of European indices, where everyone made it out of the minimum of the day, closing positive after the support base (by definition support) of the descending channel that have been negotiating since early April . Thus, we believe that it is time to open long positions in all the European indices and in the case of the German Dax 30, with a...
Weekly and daily paint a bearish picture for the Swiss franc overall. It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels. Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been...
My previous bullish bias was negated by the break of of the TL, I am short from the retest at 11466 target 1 11200, watching price careful, as this is key support, if it breaches I will be targeting the next level at 10600.
Hi Traders. I tried to summarize the conditions that should met for a harmonic pattern to be valid. I have did so for most of the patterns which I know, except for Shark, 5-0 and Three drive pattern. Hope this help some of you; Any Question? Please ask under this thread. Kind regards, Hamed Aghajani Newcastle-upon Tyne, United Kingdom 02/06/2015 11:05 BST
S&P 500 will soon reach equal leg from the beginning of time (from 0). If you draw equal leg from 0 to ((w)) and project it from ((x)), you will get 2211 as the equal leg number. Moreover, somehow S&P seems to follow the Prime Padovan Sequence as indicated with 1576 high in 2007 and 666 low in 2009. The next Prime Padovan number is, guess what... 2210. That's...
We are starting to see Dax slowly recover from its selloff from 12.4k. Target 1 which I posted on a previous chart was hit to the T. Currently price is consolidating within the box range, Target 2 still valid only if Inner TL holds. Expecting it will. The primary TL is drawn from the previous years October selloff and represents strong support, if it holds I'm...
Decline to 19033 completed wave ((X)), and the Index has since resumed the rally in wave W in the form of a double correction ((w))-((x))-((y)) where wave ((w)) ended at 19843 and wave ((x)) ended at 19468. In our previous Nikkei 225 update (see related ideas below), we said wave ((y)) is in progress towards 20276 – 20472, and some profit taking should be seen...
In the last analysis of DAX, proposed to open long positions with a stop loss on closing prices in 11.167 points (last minimum reaction). In addition, as can be seen in the chart, this minimum coincide with the guideline upward from the minimum of last October. So now we can do is keep the bullish positions in the index, with stop losses at the same level. Since...
Here we see a solid Cypher pattern on the dollar index. the reason i have elected this trade is because the cypher pattern here suggests the market will complete the larger crab pattern on the daily chart. I believe that this completed cypher pattern will rally short all the way down into the 1.618 extension of the BC leg. I have placed my entry at the lowest...
Decline to 17683 completed wave X and the Index has since moved higher. From wave X low, the rally took the form of a zigzag a-b-c, where wave a ended at 17971, wave b ended at 17909, and wave c of (w) completed at 18208. In our last Chart of The Day update, we said that wave (x) pullback is in progress towards 17807 - 17946 (50 – 76.4 back), and buyers should...
Broken ending diagonal wedge, and currently trading within the daily MA 50 & 200 range. 5000 is also a significant psychological numeric & 2000 technology bubble resistance. It seems that the market is currently stuck in a range until contagion tears this apart to the downside. (Grexit? China bubble? US macro weakness?) I'll be expecting 10~20% correction...