The markup phase has now started. We see a breakout following a 21 day oscillation frequency channel. In next week I expect a markup to the first areas of structure which is also the top of the channel before a correction.
Last week I was still wondering if we would go into the re-distribution phase. We continued to spike down last week to reach the bottom of the 55 Day and 21 Day Oscillation Frequency Channels. We also touched the 100 level but did not break it. There as been divergence on the TDI for some time. With NFP coming in better than expected I think this could indicate...
On the weekly time frame the price has broken the Kumo but the Chico Span still has to break. We could see some consolidation at the final resistance before the final mark up. Looking at the daily time frame the final consolidation before the mark up could occur before the final breakout of the 55 Day Oscillation frequency (OF). The Kenjen sen, Tenken sen and...
On the weekly time frame price and the CS is in now in the cloud as previously posted. Looking on the daily we see signs of strength (SOS) with volume increase after the spring in Phase C. We are seeing a significant back-up after the break of the resistance. After this has completed most likely also on the completion of the Garley Pattern the we will go into the...
Based on the Wyckoff evaluation I have been following the past weeks it is possible that we could be in a redistribution phase for the USDJPY. The previous accumulation phase bounded the market between 105 and 101 and this could occur again. The redistribution could extend to the next fib time zone in February 2017 as measured from the market peek of the...
Following the Wyckoff evaluation of the USDJPY from the previous two weeks it looks as if the first Mark Down Phase has now completed. The market could go into a redistribution phase and trade in a narrowing trading range for most of the rest of the year. If this is the case we should see a rebound next week from the Brexit affected lows of this week.
Following last weeks Wyckoff view I formed of the market we have seen two good rejection candles off of the Automatic Reaction ('AR') level. So we will probably be looking for the bottom of the cloud in the weeks to come at around 0.72. Then staying in the cloud to about the end of August. Well lets see were the market takes us. I will be looking to follow the...
Following last weeks Wyckoff view it seems as if the USDJPY could be entering a redistribution phase in the coming weeks. We could make the 103 level next week but then start to range before the next mark down begins. The previous up leg re-accumulation took 34 weeks so I am expecting the market to range between 101 and 105 into next year. That is to say if we...
Ranging Tradeable Market. On the weekly chart we see that the AUDUSD has entered an area between 0.80 and 0.70 were price previously ranged between. We see a buying climax the end of August 2015 which was preceded by preliminary support. This indicates to me that we are now in an accumulation phase of AUD. Based on this it would mean that we are in Phase B of the...
Trading Ranges (TRs) are places where the previous trends has been halted. During these TR the big market players have their campaigns of accumulation or distribution in preparation for the coming move. The building up of the necessary force takes time. During this period the price action is well defined and trading ranges present particularly good trading...
XAUUSD is possibly for a major Bearish Reversal. The USD index rebound at Major Weekly Support. The Gold is at Major Weekly Resistant Area. This all make more sense for the Bearish Reversal Gold . When The 4hrs chart make a climatic action, then we should aware for the possibility; either Major Bearish Reversal or Re-Accumulation for the Gold.
The gold is tapping the 1300 resistant area. The USD index at daily support. I like to see how the price develop around here. These all make sense if the Gold make a bearish reversal, while the USD index do a great rally. Here is the place where the Bear run out the power to hold his short position and new Bulls afraid to join the Bulls runs. I am expecting Gold...
After multi-month Re-accumulation, IndusInd has managed to stage a breakout and a successful retest of the trading zone. The rally today with huge volume signals resumption of trending move after Re-accumulation.
