Anticipating a ranges zone and if we can see further rejection or a high test candle closed below the recent support and resistance zone we might got another chance to short again.
Traders! if you like my ideas and do take the...
If the price will make a pullback to Buy Zone we can open a Buy position.
It's a huge probability for start rising from that Support Zone near 2.179.
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Decent move to the upside with gold, as previously anticipated. I believe we could be seeing the bears take control soon. As previously mentioned Im not the biggest fan of taking gold shorts. I prefer to be extra patient and allow the price to come lower and reject off support presenting high quality long trades. I believe that overall Gold is bullish and I...
Good morning traders,
silver can be unfolding a bigger (A)-(B)-(C) move as part of a bigger bullish cycle; now unfolding sub-wave (C) which can be an Elliott wave ending diagonal, and can look for support/bullish turn near the 16.35 region.
An EW ending diagonal is a powerful reversal pattern, which can push price into a sharp turn once fully developed.
The price bounced from the resistance zone formed by the daily downtrend line, 1480.00 resistance, and the upper line of the price channel.
The strong bearish candle confirmed the price reversal and the strength of sellers. RSI confirms the price reversal as well.
MACD histogram supports a possible downward movement, and the market can move back to the main...
Still not liking how Oil is looking. Still going sideway. Lots of indecision in the market. I am favoring more downside movement down to 57.00 but for the time being I am going to stay away for oil and gold.
this year gold was and remains the most advisable precious metal for investment.
while everyone is looking at gold and wants to jump in an overheated market, I want you to have a look at platinum
three major things to know about platinum:
the market is bearish since 2011
the market has reached 2008's low...
On the right weekly chart is what we have been following with: a potential harmonic weekly pattern.
Now the red pressure line is stopping pirce of oil to rise again.
On the left daily chart, this could be end of 5th wave of a uptrend channel.
And price is retracing back to the red support zone.
LESS IS MORE!
Good morning again. Im looking at the cme chart this morning to see if anything has changed over the past few days and what I am seeing is a very small gap at the 7450 area. I am curious to see if we are going to fill it soon. We are currently trading at 7200 so 7450 is certainly within reach. I have not had too much experience with CME and the gaps but from what...
Another try to locate the end of the structure.
I went through the whole correction up to the current price level in detail. And came to a conclusion that two waves are still missing - current wave b and a final wave c of the last three-wave structure of a huge WXYXXZ (triple combination).
Also - -what is worth consideration: waves b of every a-b-c within this...
Firstly, congrats on great Profits! Gold is Bullish on a combination of political/fundamental events and Bonds related drop. The price in near equilibrium with Stocks and even if the pair completes its Head and Shoulders pattern, Gold should not technically fall below #1,462.20 for a long period of time. See April 17, June 05, Oct 16 #2017 Resistance levels. On...
All arguments are my subjective opinion
1. In such a large amount of oil is necessary to nobody. Supply exceeds demand
2.Transition to electricity
3. Shale oil - another attempt at manipulation
4.Saudi Aramco - largest capitalization company in the world (another bad call for me)
Many fundamental arguments can be made, but this is a virtual trading chart and it...
My prior SPX post noted double Fibonacci resistance at 3154 to 3155. After that post the SPX had a short shallow decline and today has blasted above a very tight Fibonacci cluster.
It takes a strong force to break strong resistance/support and we are seeing this today.
This is additional evidence the main trend for US stocks is up and this trend could continue...
Nikkei has been on a strong 1D uptrend since the August rebound on the 20,115 1W Support and just recently 1D turned neutral (STOCHRSI = 53.869, ADX = 18.607, Highs/Lows = 0.0000) showing possible signs of exhaustion.
The 1D RSI is on a bearish channel, diverging from the price action and that could be a first sign of a short term trend change.
We have traced...