DanV

DanV

This chart was published along with supporting material in an exclusive article published in an on 14th June 2016 - Link www.talkmarkets.com Please refer to that article for detailed explanation to avoid repeating here and for proper context in terms of time and event it related to However for ease of reference and tracking future price action and trade...

DanV

Bitcoin In Double Zigzag Correction (Bullish Bias) - exploring it's likely upside Earlier this year I outlined 4 possible scenarios (see chart link below) of which the 1 & 2 were theoretically possible but did not really feel high high likelihood of developing. I then explained this in later February in live webinar. This leaves us with 3 & 4 which in general...

DanV

NOTE: Please keep in mind that just because I have drawn particular line or suggested a target does not mean it will cause the price to follow that path exactly. I say this because many appear to have religious like zeal for BTCUSD to move forever upwards without any retracement where suggesting anything else is a gross sin. Also I am ignoring all the positive...

DanV

In my last chart around 2 years ago entitled "SP500 BEARISH OUTLOOK - CLOSE TO FORMING GENERATIONAL TOP" (see link below), I suggested that a possible top could occur around 2000 - 2030 area which I believe is still within acceptable range for such long term analysis. It appears to me that the likely topping pattern we are witnessing could be part of a very...

DanV

This chart originally published about a year ago anticipating a low being formed around 1150 zone did not get follow though and the price action developed a lager falling wedge resulting in eventual low which now seems to be established in 1050 area. Due to this protracted agonising ending diagonal chop, it has whipped up bearish frenzy leading to make wild...

DanV

After SNB's intervention in 2011 and again in 2015 I felt that I would never again trade and CHF pairs. However, It is now giving the most clearest long term wave counts of any USD pairs which also confirms my view of USD bearish cycle I have held since late 2013, see other charts link below. Whilst I have been little early and premature in thinking the top in...

DanV

NOTE: Please keep in mind that just because I have drawn particular line or suggested a target does not mean I will cause the price to follow that path. I say this because many appear to have religious like zeal for BTCUSD to move forever upwards without any retracement where suggesting anything else is a gross sin. Also I am ignoring all the positive and...

DanV

My last oil chart posted some 10 months ago anticipated a drop to 35 area in 5 wave decline from Aug 2013 high (chart link below). That has been met and some. Some details have changed from last chart but not in the way that would make significant difference, therefore, I will not repeat the thinking behind my analysis, but rather focus on what I think appears...

DanV

My last EURUSD chart suggesting long entry was about 4 months ago, which took longer and retraced more than originally anticipated. Whilst we were waiting for longer term bullish move, we took 2 short trades which were also published subsequently, see chart links below. Now we have long awaited low formed in December 2015 just above March 2015 low, which could...

DanV

In my last chart (link below) a retracement bounce with target of 380 zone did not play out as anticipated even though we have now bumping into 340 zone. During this period with both up and down swings, many chartists using differing methods are suggesting that we have formed a major low and are now in new "Bullish Cycle". Several have asked if there is any...

DanV

See previous chart (link below) for details of overall view. Previous short was stopped out but it seems the overall counts still looks correct to me, hence another attempt to join the potential short. Here are 2 possibilities, either we get a retrace of the decline or breakdown without much retrace. 1. Entry short: 1.1450 Zone (on partial retrace, but then...

DanV

Whilst waiting for the planned long entry published in my chart about month ago (link below), there appears to be possibly another short trade developing. Last one worked out fairly well (link below). Here is the summary: After spike a high of 18th September, the price declined in what appears to be an impulsive move of 5 minor waves. If correct, this could be...

DanV

whilst waiting for the planned long entry published in the last chart (link below), there appears to be possible short trade available as price has bounce in corrective manner hence another leg lower from current price level is possible. Hence, decent short trade could be considered as per the details on the chart. Trade 1 is if we get spike higher above 1.14 ...

DanV

Could be very volatile day in view of the schedule event. We might spike low or end the day lower. However it is worth looking for intermediate term long entry either today or early next week. Technical Summary: 1. It seems that since march low the entire rise has been a WXY zigzag with recent high on 24th August been confirmed by RSI momentum high. 2.The...

DanV

Having topped around 149 in Dec 2014, EURJPY could be on its way lower to bottom range of potential triangle nearer 100 zone offering longer term bearish trade (see monthly chart). After initial decline from that top we have usual abc zigzag correction ending at 141. Since when it has again made intermediate swing lower to 133 and retraced intermediate abc zigzag...

DanV

There are several interpretation on longer term prospect for AUDUSD as some analyst of major banks ( technical-analysis.forexlive.com ), attempt to label the chart and I assume they know what they are talking about. However, I am not sure about the move from 2008 low to 2001 high labelled as 5 wave impulse and likewise suggesting that we are now in 5 wave decline...

DanV

In my last chart I suggested that a possible ending diagonal might have form a low above 1.08350 which failed hence the flat correction of 3-3-5 in now ruled out. However the overall larger time frame picture is not changed much in that since the May high price action is correcting the move of the March low and is not a resumption of bearish cycle. The main...

DanV

In my last chart I suggested that we were retracing the move of the March low to May high. I noted that we have potentially a leading diagonal of normal 5-3-5-3-5. The retracement was anticipated to be of the zigzag construction with low in the vicinity of 1.08 -1.07. We have had very complex correction not the simple zigzag anticipated. This correction appear...