This is the first time I have a rigorous look at the chart of a stock, as my new FX broker lists some stocks as well. That's exciting because it means I'm entering into the domain of stocks. Yaay! The bullish move in this stock would seem infallible if it did not miss the AB=CD target in 2015. Not only did it miss AB=CD, but also it failed to reach the UMLH. Thus...
We see the price has shown strength many times by spiking beyond the usual target and finally by reversing from a higher point relative to the expected LWL1. I am waiting for a pullback to take my seat in the long side of the train. But we are still in the making of the upward impulse. The imminent bearish move may also develop in a way to allow us to make some...
Might be too early (or too late) to open the gates for long entries. Would love to buy the pullback.
This pair is becoming distinct from what see in EURUSD, which was not the case until the final bar for a long time. With the breakout of the Fib .618, the arrow turned green, and headed upwards. The Stoch shows good strength and paves the way for long entries in shorter time frames.
Enough said about the UMLH reaction in the weekly analysis. Now we see that the reaction occurred in .786 Fib level, which reinforces the bearish inclination. The Stoch led the price by the bearish crossover, but the conservative trader could not be sure if that was a reliable signal. Now that they can be sure of the validity of the signal with the big red...
The orderliness of this pair is dazzling. The dominant monthly trend is bearish, and we may soon see the continued long-term downward action. The price has been rejected by the SL, blocking its way from the MML. Abandoning the final leg of the uptrend in the lower time frames will most likely to cause persistent selling. Stoch divergence in play, and a bearish...
Although the long-term analyses convinced me that this pair is showing weakness, I believe there is an imminent retracement to the inception of the big downward move. Whether that retracement will be tradable is an issue for lower time frames. The recent activity are well aligned with the longer-term ideas in that the future is not so bright for GBP against AUD....
The market seems insistent in retesting the old highs, but the price action at UWL1 indicates a retracement, whether that be tradeable or not. If weakness continues therein, short-term shorts are favored until the UMLH of the upsloping pitchfork. For more reliable opportunities, one should watch the market's behavior at the old highs. The market may store energy...
The strength of the pitchfork in this chart is coming from the action reaction principle, because the ML hosts pivots countless times. The pair trades in a strong confluence zone, and UMLH reaction is highly likely. The Stoch drew a nice long-lasting top between July 2013 and April 2014, after which we saw a decline to the oversold zone. The first bearish...
ML touch is highly likely for this pair before meeting the support mentioned in the monthly analysis. An interesting point is that the Stoch has been a very good signal provider throughout the entire price action in 2015, and the inner waves might be traded by crossovers therein. This should hold until the ML is hit. Thus, I am now waiting for a bullish crossover...
The major pitchfork in the chart is constructed using P00 instead of P0, and seems to describe the market fairly good. The price has finally failed go below .5 LMLH, which allowed the construction of the minor pitchfork. The monthly view for this pair suggested a continuation of the upward motive, however little that continuation might be. Now it seems that a...
Earlier I said I would choose CHFTRY as my second exotic pair, but that pair seemed pretty much like EURTRY, which shows that the primary force behind the bullish trends in those charts are coming is the overwhelming weakness of the Turkish currency, which annihilates the difference between CHF and EUR. So I skipped CHFTRY and tried another exotic, which is...
The level where the upward move has last been halted (around 3.47) was key. It is likely that the market will test the trigger line shown in chart. This will necessitate breaking the LWL1 on which the current leg relies. The bullish motive may continue in the following weeks, hitting the UMLH of the downsloping pitchfork. During that, the Stoch should climb up...
This price chart might be the most well-known pattern for many currency traders. I am pretty sure that many of you see this pattern when you close your eyes. I see it in even in my dreams. Anyways, what the optimal way to describe it would be remains a secret. My version depends on my longer time-frame analyses and Roger Babson's multiple center line method. Here...
The rejection point of the price by the monthly WL-1 coincides with weekly WL-1. The strong downward momentum pushed Stoch down to the oversold zone. This is on the side of the bears, indicating that it is highly likely to see continued downward action maybe after some consolidation. Although this picture is a clear proponent for the shorts in lower time-frames,...
The monthly outlook for this pair suggested to take into account a reversal possibility. Now we see that the weekly chart tells a similar story. Stoch wants to settle down in the below 50% zone. The neckline of the HS pattern is broken, which coincides with the breaking out of LMLH. The price is now seemingly headed towards the next level to retest the monthly...
The pitchfork shown in the chart is constructed with a variable anchor, using the .25 of the range of the huge bar. The price seems docile in the channel, and it will be so until a strong reaction point is reached. Due to the ambiguity discussed in the monthly analyses, pinpointing the exact location of that point will only be possible after the reaction is...
The action-reaction lines are better seen in this weekly chart compared to the monthly analyses. The final reaction of the price has led to the forming of the symmetrical triangle whose apex coincides with the ML. Breakout may occur to the both sides, and in either case, what that breakout will indicate will be more significant than the breakout itself. Stoch...