Using an irregular converging triangle.
There are a number of bearish scenarios where it results in oil breaking below the triangle.
This is different in how the triangle is drawn.
Case:
- E slightly penetrated the A-C trend line
- The triangle is complete in this scenario
- Wave 1 of C is complete and Wave 2 is underway at the time of publish.
It’s gonna be a slightly longer article and if you are not a midterm trader, you’d better scroll down to the technical part.
What Gold Bulls need: A weaker U.S. dollar, lower U.S. inflation-adjusted real yields, and volatility in the equity space. If there’s a slowdown in U.S. economy, a slowdown in the equity market, and continued geopolitical risk, there’s ...
Looking at the RUT chart, I can see that a strong drop will be coming, this can be around 25-35%, but it can vary depending on how the markets develop.
The last crash happened back in 2008 for a huge 60% drop. We can expect something similar to happen now as support is found on EMA200 (orange line).
The bearish divergence is clear once again, if you take a look ...
The market is a complete mystery to me right now, actually not the market, but the idiots sitting in their ivory towers that think they know more about the economy than the collective wisdom of the masses.
Dear trader.
Two month ago i have been publish an idea that looking for bottom on the chart for gold but it doesn't happen. Last week just i see a red candle in the end of cycle. It seems we have change trend on this chart in the near future and we can have a good deal with gold right now. Because, I have many evidence. It doesn't matter what other pair tell us ...
Price has been following a range for some time now, testing both the top & bottom of the range 3 times, closing on Friday with a bearish engulfing break below the range support. Will be watching for a retest of broken support as new resistance next to anticipate more downside to come. This will lead into a weaker AUD & NZD, & causing CHF & JPY to gain strength as ...
Oil has taken a huge plunge in the past few months and a recent OPEC meeting failed to prop up prices despite a slightly greater-than-expected production cut. Despite many traders trying to be long (including myself), gains have been very short lived as oil seems reluctant to rally or sell off.
While oil and equities don't usually have much to do with each ...
Long XAUUSD
Buy at 1235.06
TP: 1259.10
SL: 1235.11
Reason: Trend continuation
No Divergence on RSI
EMA 10 has overlapped SMA 15 on 15 Min. timeframe
XAUUSD
This is for my educational purposes only.
Hello everyone,
this analysis is made for everyone who is interested in long-term perspectives in the precious metal sector. As I mentioned in my last analysis in August 2018 there was a significant low at $1.167. A small but profitable long trade. So far, so good!
BUT now I think gold will go down! I see three scenarios…
Scenario 1 – red/blue line, chance ...
The Moon has power.
Lunatics are affected by the Moon.
People make irrational decisions during Moon cycle flips.
The Moon cycles and Gold are correlated fairly well.
Hi pros!
Price touched the top of the bear flag and now we have a good setup using structure.
there is many other good setup when the trendlines will broke and price will potentially pullback for each
Oil has been decimated over the last couple of months, and although we could be printing a bear flag here, at the very least we have a short-term relief rally in the cards.
Hi pros!
There is also an H&S about to form
waiting for the break of the triangle to take the first trade
then waiting for the pullback for the second trade
XAUUSD has pulled back to the previous resistance level (now new support) where we have been waiting for a buy signal to go long.
That buy signal has not yet appeared so we will wait for next week to see if it materializes.
Futures are derivative products, that derive their value from the price movement of an underlying instrument such as Gold, Coffee, a Currency pair, a Stock Index or a Government Bond. They are essentially contracts with an obligation to buy or to sell an instrument (in a certain quantity) at or before a fixed time for an agreed price. Futures are traded at large exchanges that formulate the contract terms. The buyer of a contract holds a long position, the seller of a contract holds a short position. Futures have a finite lifespan that ends at a preset expiration date.
They can either be used to hedge investment positions (to mitigate the risk of price movements) or to speculate (to try and profit from price movements). Futures trading started 150 years ago as a way to manage agricultural production. Planting and harvesting cycles created swings in prices and futures contracts were created to manage that risk. They have evolved into the exchange-traded instruments we know today, which are a key part of the financial system.
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