5 hours ago
SPY, 60 Long
0 31
I see that we've recently completed a short-term AB=CD pattern. It was actually structured extremely well, with price reacting to the Golden Ratios beautifully.
What intrigued me, however, was how the Volume played a factor, at least retrospectively.
I didn't point this out on my chart but here's how:

From the bottom of A up towards to B, high volumes produced more higher prices, demand.
The gap at the beginning of B saw high volume, which stagnated prices before an artificial markup in prices, leading to the retracement towards the .618 shaded area.
High Volumes at C initiated the rally with volume bars along the way propelling price.
As we reached the Golden Ratio, 1.618, not only was volume not heavy (meaning this down move is only temporary), but the higher volume bars in that zone produced a stagnation of prices and an eventual drop.
Finally, like I noted in my first TradingView post, the volume spike we saw on Thursday not only completed a Gartley 222, it also had a former TL and 200 MA supporting it. RSI/MACD Divergence as well.
1 hour ago
ZW1!, M Short
1 185
What do you know about the effect El Nino? Did you know that there is also the La Nina? El Nino and La Nina are opposite phases of what is known as the El Nino-Southern Oscillation (ENSO) cycle.
The ENSO cycle is a scientific term that describes the fluctuations in temperature between the ocean and atmosphere in the east-central Equatorial Pacific.

La Nina is sometimes referred to as the cold phase of ENSO and El Nino as the warm phase of ENSO. These deviations from normal surface temperatures can have large-scale impacts not only on ocean processes, but also on global weather and climate.

These anomalies may have impact on crop production. In brief - La Nina results in a decreased crop yields, El Nino increases the yields. Growth crop yields will reduce the price and yield reduction gives us the opposite situation.

Adapt to Climate Change, Don't Fight It.




3 hours ago
GBPCAD, 240 Short
0 23
bat pattern and rsi overbought condition wait take short at 1.8435
3 hours ago
EURUSD, 30 Neutral
10 95
Only One thing in mind:
Executing this ZZ set perfectly.

I will.
No monkey business..no excuses, no reason not to.

just do it
4 hours ago
NZDUSD, 120 Long
0 35
Planning to initiate long position on this pair between the 38% and 50% retracement area. This price area is HTF support and the trade direction is also in line with the fundamental. Essentially buying a dip in the up trend!!!!
My stop will be 30pips and my take profit will be 100pips
7 hours ago
SPY, W Neutral
1 24
I wouldn't say I'm expecting a minor correction or a major one for that matter anytime soon, but a reading like this on a smaller TF would alert me. I will remain bullish and view a fall in prices as an opportunity to buy. Major support break would change my sentiment.
7 hours ago
0 142
The Market did not show any pullback scenario for going back into the uptrend which got a break after Draghi speech before June.

Because of this less potential for a pullback I assume the broken uptrend which led into a downtrend will get a sequel this or next week. Therefore pay attention to the red horizontal resistance areas.
7 hours ago
GBPJPY, 120 Short
1 61
Looks like my alternate count was a 4th wave after all.
So, still trying to get in on the 3 drive that I talked myself
out of just before the 4th of July camp trip.
Maybe this is the wave 2 or B to finally join the party.
Of course, nothing is so simple for not quite a Cypher, Cypher
lurks above and a wave 2 can retrace all of wave 1 and still be valid.
Perhaps this little wave c will tell the tale and trigger a clear short.
8 hours ago
XLF, W Short
0 8
Rec line day, something changed, what should have happened did not happen, and they will have a wild time writing the history books about this one, once the dust clears.
8 hours ago
1 257
I just talked about this Bat pattern in todays FMP video. If you front run your orders ahead of the .886 like I teach then you should have been filled.
9 hours ago
AUDUSD, 240 Neutral
0 44
AUDUSD currently at 0.9395, with a potential break of the flag below 0.9380 we can get a target of 0.9340-20 area,

These comments are for information purposes only. Opinions, market data, and recommendations are subject to change at any time. Forex trading involves substantial risk of loss and is not suitable for all investors. Do not trade without proper research on the asset. This is an opinion ONLY – and not a trade call, but this analysis may lead you to a trade. The information contained on this document does not constitute a solicitation to buy or sell an asset by FOREXTRADINGZONES.COM.
9 hours ago
EURCHF, 240 Long
0 20
EURCHF triangle breakout has run out of steam, expecting retracement to previous fib line

Proven support at .382 fib line, expecting retracement back to the .236 line.
10 hours ago
0 42
Something just doesn't add up here. I see a currency bubble. When MACD and RSI signal down CLEARLY, BUT the chart of the stock, or currency here, diverges GREATLY from that, this results in an over evaluation (AKA bubble) of whatever is on the chart. I can only conclude both stocks and the currencies are over valued. And when everyone is trying to DEVALUE, what does that say? Double bubble trouble? Used to be an old saying, "It's not nice to fool mother nature". Messing with the last thing anyone should be messing with is currencies. They have always been the laggard, a result of the strength of an economy. but it has changed 180, now the currencies are the strength, and the economy is the laggard, result. Playing with fire here folks, because ABE is out of arrows, The ECB doesn't want to go negative rates, and the FED knows inflation is about to explode, and they don't want to raise rates, which will deflate the market. Talk about the mother of all Bollinger Band tightening moments. Somebody, somewhere better have that rabbit ready, to pull out of the magician's hat, soon, very soon. Can you say earnings reports that are really not very real? Just saying. You say, they can't do that? They've been doing everything they should not until now, they need something else to keep this bull afloat. If not that, then what? Has to be something new to save it or the truth will take over. Corporations are fat cats , but this unsustainable economy will have its say, its day.
10 hours ago
0 26
Fact: more people on welfare in the US since great depression. More people dropping out of the work force than ever. Middle class economy evaporating quickly. Government might be putting a chicken in every pot again, but there is simply less discretionary money to spend. 75% of US economy is consumer confidence, which is quickly fading to 65%, and then 55%? etc. 1st qtr GDP slump was not weather related, 2nd quarter slight improvement was not the bounce back needed. 3rd qtr, if the numbers don't blow anyone away,. and if there is lower forecasting this week, the media might just have to admit the GREAT DECEPTION is over and the real truth will hit the markets hard. Earnings this week, ebay especially, could start a downtrend that might cause selling with panic volume this time. Charting... we've had our breather, consolidation, panic avoidance rest, I look for the head and shoulder patterns , which are almost everywhere, to complete down the their necklines, next two weeks. IMO. Trade wisely.
10 hours ago
EURUSD, 60 Short
0 244
EURUSD just filled the gap. Not much more to say. This is a shorting opportunity
10 hours ago
BTCUSD, 60 Neutral
3 122
We can see tripple top forming on the 1h chart - and a lot of negative divergences: RSI, True Strength Index, Chalkin Money Flow. If the Tripple Top formation will complete, the decline will be modest $10. Interestingly, 4xForecaster got the same short-term support at $619 from much more sophisticated model. Long term (months) outlook remains bullish, although there is not much enthusiasm felt atm.
11 hours ago
USDJPY, 240 Short
0 38
Scenario #2 (if bearish USDJPY)

If the pivotal support/resistance at 100.60-80 fails to hold, and USDJPY makes a clean and decisive break below this level, there could be lots of stops from long positions to be triggered in the red circle.

With the next significant support 300pips away at 97.00, market could attempt to go for the short side.

In this case, short USDJPY when USDJPY retraces to 100.60-80.

Short USDJPY 100.60-80
SL 101.50
TP 97.00

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