The 7 week uptrend present in the index has failed. Now we expect price to drop back to 3339.463 in the coming 7 weeks or earlier. Minimum target would be 3542.160. If it were to drop below 3339.463, it might reach my 8 week downtrend signal's target below, but for now it's early to say. Price sits right under the 52 week moving average and has clearly found...
Gold is in a long term downtrend in monthly scale, but right now we're in a strong 12h chart uptrend. The weekly has a few signals that tell me it's of paramount importance to get short at the top of this trend. In the next 3 weeks we will be offered with the perfect opportunity for a weekly short in gold. Target is in the short term a retest of the 12h uptrend...
In my last Bitcoin chart, I covered the monthly developments in the Kraken XBTEUR pair. Currently we're one week away from the end of the year, and closer to get more clues about the recent developments in price action. After this week's close, I'll be able to determine the direction in the short term, and after the monthly/yearly close, I'll have a much clearer...
It would seem as if the Shanghai Composite Class A index has topped for some time now, as it completed an explosive wave 3 advance, culminating in an ending diagonal triangle. The correction that is unfolding is a very sharp zigzag, and it should reach the area of support below, where both monthly, quarterly and yearly range expansion bar support meet. This area...
In my previous FXY chart, I detailed the weekly/monthly time at mode trend signals and with Tim West's help I noticed that the downtrend was expiring during August. After seeing the reaction to this event, I conclude that both FXE and FXY are reversing the longterm downtrend, judging by post pattern behavior after forming a clear bottom. This currently eludes...
The GBPNZD pair has been in a strong uptrend, and after topping in August 24th, when the stock market bottomed after flash crashing, endured a lengthy correction. The time for this correction now matches the time the advance took to form, and we're close to a perfect 0.618 retracement of it, which nicely lines up with many time at mode elements suggesting a long...
I went long TSLA right before the closing bell last Friday. I'll update as soon as the market opens today. I think oil is set for a rally and this can only benefit TSLA which already looks ready to climb up from this zone to the 250+ region. The Key Earning Levels have been constructive, showing strong support holding and a series of higher lows while spending...
Ebay is offering an interesting short setup here. This is an entry for Tim West's Key Hidden Levels' chatroom's contest. Pick a stock, get the biggest profit in ATR's and win by the next weekly close. Happy new year everyone! Cheers, Ivan Labrie.
In this chart I illustrate the different facets of the trend in the Euro. It's clear to me that we're about to witness a large short squeeze rally, as evidenced by the following technical landmarks: Rgmov is moving up in the weekly and daily, not validating the recent decline (which also happened during very low liquidity sessions) There's a potential time at...
GBPAUD is approaching the yearly MA, and also about to complete a downtrend signal in the daily chart. It's possible that shorts will be unwound soon, by year end, we might see a large short squeeze rally in this pair, and maybe even the opening of new institutional longs for the new quarter. I'm really interested in entering with the tightest stop possible, so...
Litecoin has a very interesting signal in the weekly chart. After faking a move to the downside and margin calling everyone and their mother down, it's highly likely that we see a strong uptrend emerge from this zone. You can see my reccomended entries on chart. As many know, I'm running a trading group, sharing signals for Bitcoin and Litecoin traders, mostly...
This is a follow up trade to my prediction of the top for the Dollar. Check related ideas for my previous forecast. We have a very good trade setup here and the target and expected ETA is on chart. The lackluster reaction to the Fed's rate hike and the current sentiment readings make me think that this trade setup is of high probability, making it an ideal trade...
I'm taking a small long position here and looking to add to it tomorrow. The potential upside is quite good, with a target around the 1110.56 mark. I'll update with my 2nd entry tomorrow. Good luck if taking this trade. Cheers, Ivan Labrie.
I think it's worth it to enter a long in EURUSD now, and one if we break past 1.10056 as depicted in my chart. The stop loss for both is 1.0913. We have US GDP news coming and it's highly likely that the whole week continues to march up from this juncture. I'm right, which I think it's highly probable based on the DXY analysis I conducted and EURUSD's own price...
There's an interesting setup here in the AMD daily chart. After rallying off a base and shooting high, far from the earnings' levels, AMD is offering an interesting short setup. It's worth considering a small entry here, simply based on the size of the target vs the stop loss. The chart shows a potentially complete rising wedge or terminal triangle, which would...
I had a downtrend signal in my past chart, which has hit target. When this happens, we can usually expect a reversal or retracement from it, and it's what is happening here. We have a strong base for a rally, and a potential retracement entry, which if triggered can be a good way to tackle this rally. Props to my mate Tom Killick, his last chart is in related...
I expect to see a bit more of a selloff in BTCCNY. The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500. BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right...
Ambarella Inc. has a very nice trade setup in the daily chart. We can enter at market with a tight stop, so I think it's worth it to take this trade. You could initially book partial profits on a daily high retest to make the trade risk free and aim for the time and price target on chart. Estimated time of arrival is by December 31st or sooner. Good...