Gold have trending up tremendously since Nov/22 without a deep pullback = no “chance” at all for retail traders..We probably @ wave iv ( green circled). Possible a ranging/ consolidation ahead (e.g triangle) before FED rate on 1 /Feb/23.
SP500 still below the major trend line (yellow) as chart. While waiting FED “when” is it going to “shift” from “Q.T” to “Q.E” “hints”?!...
Tesla’s stock price have broken 135 +/- major support. The next stop probably will be 64 +/-..
GBPJPY have dropped more than 1000pips since last post 168 lvl ideas 3+ months ago. Probably “revisiting” 168 again before a “real deal heavy dump!”..by buying trillions yen of bonds from BOJ.
AT. ( penny stock) As “seen” on chart. AT is building a very “strong base” @ 0.010 due to many “staggering” monthly unmoved monthly bar @ major lower trendline .It’s either waiting for a “panic selling” below 0.010 Or.., or...it already “bottomed “ waiting to “shot up”!!
Gold. 1920 +/- is the “terminus” of many gold rusher on going paths. The “centre of” energy before central bank “unloading” “tons of gold” to hedge funds before “traveling” to next stations ( > 2000)..
Gold probably will complete its wave i ( green circled ) @ 1908 +/-. Which is confluence zone of upper line of multi channels.
US2Y and 10Y bonds yields always “follow” FED rate paths. Now we “see” some “experts” encouraged us to “save” money into banks (especially USD denominated a.c) to gain higher rate. Hope to enjoy high fixed guaranteed return like early 1980s which was above 10%!!! Looking at those chart and gold price do you think “fixed deposits “ into bank is “worth” as investments?
Pohkong price have been surging up for > 30% for past 6 months due to gold price. As gold price might be in “consolidation” probably “triangle range” for few years. So will pohkong..
Tenaga, as “main contributor” of KLCI Index probably “bottomed” so as KLCI. It’s wave a (green) of triangle already done few months ago and now “halfway” trending up to wave b (green) of triangle where 11.500 +/- is possible its wave location..
SP500. What market “let me “see” and “tell”;me what to do”? To have “unbiased/ independent thinking” Trade what we “see” first and then what we “think” second. I was “pessimistic” also like most traders that SPX will drop to min 3000 or lower. More importantly I know “exactly” where is my stop lost.SP500.
Gold. Whether it is forming a reversal or continuous “wedge pattern”.?. “time/cycle/speed” will tell..
Dollar index next major support Is 102.80 +/-. A confluence zone of 1) Trendline 2) Demand Zone. So.. probably some “deep pullback” from SPX and gold.
Gold have “evolved” from cup to spoon & handle pattern or “famous” VCP pattern or “triangle pattern”..
SP500. is it bottomed or not yet bottomed? I don’t know. I only know where is my stop lost level..Asked And find answer from Mr. Market. They said treat trading like doing business = maybe in Money management might be correct but not all. E.g ..Don’t never ever try “ not compromised/manipulating” with your client / supplier as you did with Mr. Market. You always ...
Tesla. How to “estimate” roughly its Cycle ( the x- factor of any charts) with sine line and Fibonacci levels as shown on chart. Beside ( the y-factor) the price geometric of any charts with elliottwave theories.
US dollar. The “power house “ of current capitalists..The “slaughterhouse” of Most commodities/ equities market” especially emerging countries’s market etc..What its next moves? It’s probably “hitting” its target @ 114.778..And built its multi months supply Zone @ 110 +/-.. That meant = Equities market + Gold/Silver probably “relieved” from further drawdown for...
So we have "valid trendline" resistance setup trade? After (hawkish) comment from FED?..The whole world is "watching" Fake "trendline" breakout?! ( so who is going to "lose money?")..Not all trendlines/shapes/form was "created" "equally" we got to check "the now" speed / z -factor" whether "the connected dot/ lines/ shapes" will work in " future"..