As we shown on the daily chart, we expect 1(one) wave ((5)) movement in the next months to around 118. So the biggest odds are higher. If Dollar(USDX) breaks the last low wave ((4)), a double correction will take place. In this moment, the Right Side of H1 and H4 is turning up. We need more data to see a clear definition in USDX next movements.
This chart reviews the four major cycles affecting humanity, being the: - Kondratieff Cycle; - Strauss-Howe Generations Cycle; - W.D. Gann Property Cycle; and - Solar Cycle. I contrast these cycles with Global events of the time, the price of Gold, the US M2 monetary aggregate, and US Interest rates. My commentary on the chart is available on Patreon for...
Those who have read "The Fourth Turning" will find this long view interesting. Most probably, everyone else will hate it with a vengeance. Just sayin'
This entry and SL is based on my technical analysis only. Do your research and trade on your own risk!
Litecoin LTCUSD On the Brink of flipping back to Positive Finally a good double bottom overnight has created the loss of downward momentum needed to tempt back the bulls here - but it's now probing key resistance at 157 and likely to run into profit taking soon. It now has to move up above here and hold it on retest to break the overall downtrend and to...
EUR/USD 15 Mins chart short trade setup overbought condition + some technical analysis no news after this sunday as EUR/USD rockets to daily highs amid Greece deal hopes as a result currently most of the investors are buying the latest rumors about a possible Greece deal as soon as this weekend. After rising over 100 pips from today's lows at 1.0951, the EUR/USD...
Considering that: This is a risky setup and may have a huge drawdown based solely on OPEP's decision (Yes Saudi Arabia, I'm look at you.), you can see the trend is still up, you could expect a 2 year recovery on that and all the way up from there. They're just keeping this price for sometime until some companies are out, and russia too. That's my guess, I'm not a...