The long term trend has held for about 8 months now. The RSI is showing overbought, the BB is drifting on the top and STOCH is showing massively overbought! There is also a lovely Ascending Triangle forming that could break out either way, but given all the Bearish indicators and the long term trend, I cannot see this going another way. There might be a few pit...
Dear Traders, the following is an update on my previous fractal study. The adjustments on the Historical Bear Run of 2013/2014 are mainly: volatility & length. At the moment, accumulation is the main attraction. Theoretically, August should bring us a fanatical bull flag and mid-September should be the real spring of the accumulation phase, ending the bear...
Dear traders, We took a good revenge on August with this September month! If you had followed every trade given with a 1% risk you would have grown your account for more than 14%! A great month with fewer trade and lots of OTK. OTK Trade AUDNZD +22 pips / +0.16% GBPNZD +346 pips / +0.98% GBPJPY +743 pips / +2.96% AUDJPY +172 pips / +1.61% NZDJPY +256...
XAUUSD LONG 5 WAVE - AB=CD Pattern analysis suggests AB=CD parallel geometry. Culminating into an eventual long, finishing the second 5 wave it's just started here at The end of September. Looking at an eventual long past the resistance around the month of December - in step with the rate hike, but for now, looking for the bounce off the top red support,...
The trend seems to be going down. Possible causes are SegWith2x and the closing exchanges in China on 30th september..
All I gotta say is its going Short, and I will be updating soon!
Hello folks. I wanted to tell you that I'm not supposed to trade on Building Permits because it has a weak volatile movement, but I got out with +60,00 profit anyway. For FOMC, if you want my point of view, they won't be raising any rates until December. So I believe we're going to trade nicely tomorrow. You'll be surprised of how I will know whether it will go...
EUR/USD Short Position 7 - 11 September
EUR/USD weekly analysis September - December 2015
Starbucks MACD is primed for a rally. RSI indicator is sub-par but still cheap because the "rush rally" hasnt started yet. Support wedges and SMA's - along with some thorough fundamental analysis - says SBUX is going to take off in September. Suggestion: Be the early bird on SBUX
Right now this fractal has been very accurate. I forecast a wick to $68 due to the bearishness from BitcoinXT fork and the division of the Bitcoin community on that regards. Also with the current economic turmoil globally, it seems Bitcoin lost it's value as a safe asset. Better buy gold than Bitcoin until the community gets it together. Targets are on the charts...
This is an update to a previous chart published 3 months ago: As you see on this chart (zoom out necessary), Bitcoin has a repetitive history with triple bottoms which entails a 4th touch of death when it touches a 4th time (red ribbon) . This happened at least 5 times in the past (see squares and red ribbon). Chances that this happens again now are extremely...
IRX (13-week treasury bill index) failed to hold above relevant highs of 0.07% and reverted back to hear-zero levels. Due to its correlation to Effective Fed Funds rate, IRX will serve as an expectations indicator of upcoming federal reserve rate hike Most likely reason of the lack of expectations regarding the rate hike in September is another leg of downtrend...
Annotations are on the chart. I used TIMWEST's Timenode method mixed with my ideas to build how Bitcoin will rally in a "healthy" manner to $300 initially then 360-400 later on. Since my last chart I have been accurate enough, will see how this plays-out. As I explained to some in our IRC channel, it seems market makers are not looking to make BTC go parabolic as...