Csys

Csys

The first metal in the series is Gold, whose congestion pattern has taken the form of a symmetrical triangle. As with the index (see the idea linked below), we see a continuation of the upward motive, which, for Gold, has also broken the weekly bearish TL. It would not, then, be very aggressive to target the UMLH for the Gold traders.

Csys Updated 

When a respectful TL is hit with an exceptionally high volume, as in the case of 11 February 2016, and the market is rejected to break the TL, but still the overall picture, together with the price action following the rejection, points across the TL, that high-volume day is what I call a "not-this-time peak." It indicates a motivation towards breaking the TL, but...

Csys

This pair should be in the watchlist of every currency trader. I tried to keep it as simple as possible in the chart. Now as you see the pitchfork is constructed with the alternated pivot at the L.618 Schiff swing. The monthly analysis linked below says pretty much all; a turn in trend is expected. But it cannot just go below the old levels without any...

Csys

The market had been carrying the energy of the strong 2007-8 climax fairly well until the 2012 top, but after that we see a degraded bullish momentum, which has finally been halted by a head-and-shoulders formation. The weekly TL is broken down, and it seems the "second support" in the daily view at $76.8 which is indicated by the head-and-shoulders formation is...

Csys Updated 

The chart shows two possible routes for the price action. The triangle breakout should be waited to catch an optimal entry.

Csys Updated 

We have to keep in mind that a wave count is just a wave count. Refer the linked idea below for more. As for me, I am still holding my short position, and I will do so until I reverse my side. But the real big move will be in effect, as far as this picture could tell us, when we hit the (c).

Csys

Here's the classical TA to assist our other analyses. I am already on the short side, planning to get out at around 0.996 to re-enter at a higher point.

Csys

This is a back-to-basics view of the Fiber, which is in line with what I thought with my original pitchfork analyses (see the linked ideas below). It seems the market has reached or is about to reach the power zone, at which it will continue its bearish action.

Csys Updated 

An extremely bearish situation we have here.

Csys Updated 

Fortified with the monthly analysis, the daily view suggests that we have passed a major top. My long-term target being somewhere around 0.7, I expect to see MLMLH hit first. This pair seems to a perfect candidate for my 1000x project. I will update the post as I enter the trade. I would also like to tender my thanks to DanV for clearing this pair's wave picture...

Csys

The market is within the .382-.618 band. Although the bearish momentum is still in effect, the price signals the weakening of the downtrend which began in November 2014, and we can tell this for the following: The corrective structure between August 2015 and November 2015 managed to get above the Fib .382 as well as the previous low; the Stoch belonging to the...

Csys

Some say it's 2008 over again, but it may even be worse for the US economy, if the previous top is broken, which is I believe going to be the case. This is just a belief at this moment, though. As for the time objective for the test of the old top, beginning of the next year (like around January 2017) seems plausible.

Csys Updated 

The TL of the last leg has been broken by a 5-wave impulse, to which a corrective structure is now developing as a response. Stoch crossover happened with a bearish divergence. The monthly and the weekly charts show downside action. It seems then this is the optimal time to go short.

Csys Updated 

Both monthly and weekly outlooks are bearish for oil, and we have just had a nice bearish reaction in the daily on 28 January 2016. Those who went short at the previous low have had an immense profit, and now it is time for conservative traders to catch the second rally.

Csys Updated 

Gold ranges within two SLs. The outcome of the ongoing battle will likely to determine which arrow the price will choose, one targeting the ML, other one headed towards LWL1.

Csys Updated 

The pitchfork in the chart is constructed with the action-reaction principle. The Stoch warns us of a continued downward action. I earlier said in a larger time-frame view that it is unlikely for the bears to break the horizontal support down; now it doesn't seem that unlikely. So we are waiting for a good battle around that line. I will not change my opinion,...

Csys Updated 

The market has failed to reach the weekly upsloping UMLH and abruptly went below the monthly SL (both seen in the weekly analysis). Now this turns my bias to bearish again, since this picture indicates that the LWL1 is targetted. Notice the big volume of the red candle on 22 January 2016. The big volume of the spike and rejection indicates that the range's upper...

Csys Updated 

The green support and the red resistance lines are respectively the weekly UMLH and the weekly SL. Together with the daily upsloping pitchfork, they do well describe the latest market action. It is still not certain if or not the final rise in the ATR belongs to the final bullish days or to the bearish consolidation. I think the downchannel described by the weekly...