Chartist4312

Chartist4312

Strong support at 103 where trend align with fib levels. Likely new positive trend will be supported. Do not show any sign of exhaustion either

Chartist4312

Slightly revised version of earlier posted idea. In the middle of an impulsive structure moving upwards.

Chartist4312

Technically we have what might look like the beginning of a new impulsive wave on the daily chart. We need real power to break out of the daily range around 1.142. The results from FED's meeting published tomorrow might provide just that.

Chartist4312

Obvious strong support around Fib levels at 1330-35 and 1315-1310 , making good positions for long entries in this impulsive structure. See the related idea below for a longer perspective view. Thanks for your support, and feel free to comment:)

Chartist4312 Updated 

Wave 3 building momentum to go higher, heading towards 1.618 of wave 1.

Chartist4312 Updated 

Last idea proved to be correct(see related idea below) so expecting future move upwards now.

Chartist4312

I believe we are in an impulsive pattern moving upwards. Stay tuned for updates on this idea while we're on the road, and patterns might be forming inside this broad pattern. Feel free to leave comments and discuss:) Visit sharpinvesting.net where you can subscribe to my trading and financial blog.

Chartist4312

Buy on dips around at 2166 and especially 2160

Chartist4312

Watch for small correction within the major downtrend which started late 2014. Very strong moves will be necessary to break out of this bearish trend. I believe we are in the middle of a impulse pattern downwards, working on a wave 3 atm. Watch for correction within the waves, and short on jumps upwards. it will be interesting to see what BOJ will do to keep...

Chartist4312 Updated 

S&P500 seems only to have been doing some correction in 2015 and past 2016, and the weekly long term positive trend line is still respected. No major corrections expected any time soon, only smaller ones toward the two dotted lines. I believe we currently are in the middle of an positive impulse now. A long term goal would be around 2300 (the 1.618 of the...

Chartist4312 Updated 

Looking at this structure, there is still a lot of resistance above further near the top of the ranged market we have had the last months.

Chartist4312

Daily pattern seems to just have finished a complete structure, and broken above the initial bearish trendline.

Chartist4312

expecting a floor to be built just below current level as there is major resistance there

Chartist4312 Updated 

it will really take a lot of power to break out of the current long time bear trend I'm afraid.

Chartist4312

if 40-42 holds, expect a new wave upwards soon

Chartist4312

Thoughts anyone?

Chartist4312

need more correction to go further upwards

Chartist4312

seems like wave 3 is currently in some correction, building enough momentum to go past the bearish weekly trendline(blue).