Oh bears seems knocked out!!😱 I have this feeling that usd chf has to go above where the recent dip started because really can't see what would hold price from breaking it . But at first we would or might take profit at the blue line first and then wait and see what the market does when it gets there .
AN came off the 1.618 extension of what counts out like a wave 3 of a 5 wave move (which is typical). The 27% extension of "A" lines right up with the low that I am looking for it to break to go for the long term buy. Hoping for a wave 4 correction, and if so, then looking to short if corrective to break that low, then to buy later. Fingers crossed. Three...
EG is approaching the .618 level (which would break high if it did). But you can see the pitchfork and all the intersecting trend lines of structure. It is potentially a very large sell down. Looking at the one hour, the wave it is on is coming off the 1.618 extension in an impulse, so i would expect some consolidation and another little push. So, basically, i...
I wanted to update and post charts today and do a video (maybe later), but my A/C broke and my office is upstairs in a sauna. But I just wanted to post GBP/USD if anyone is trading it and wondering what's going on with it. At this point, that is what we have. The .618 level is below it... (Gcad hit its .618, hopefully you caught that but don't just go entering a...
Ok, if you saw my Aud/Usd chart, and if you watched my live stream, then it makes sense for EA to be a sell. Seems to be swinging seven down. 1.236 extension lines up with 50%. I underlined your levels, so watch out for that first one because it can make another shoulder there, but totally worth getting to break even and at least letting it run to the 50% fib at...
Looking for one more up on Gold. Just reposting my same markup, been trading it back and forth. If you look at the daily with bollinger bands and a 200 MA you can take a different look at it.... At that point, If we get this move up, might sell it for one more dowm depending on how things are looking.
Ncad seems to have finally completed a 5 wave pattern ending in an ending diagonal. Considering the larger structure, I would expect some sort of a larger 3 wave structure, considering it just completed a larger 5 wave prior to this one... If it completed a 5 wave, then it will have to make a 3 wave correction. It is still possible that this "ending diagonal"...