The term "Pivot" is used a lot, often meaning different things. What I am showing is the ''Old-School'' definition of that term. The current Pivot lines are calculated based on the Last Period. Price is currently stuck between the Monthly and Weekly Central Pivots. The Central pivots indicate the measured sentiment of the last period. Thus we are currently in a...
Big Picture plots of the important Fib sequences in play. Drahgi's term as ECB President comes to an end soon. This upcoming meeting and the next one are last steps. Will Drahgi push the EURO towards its final destination? Will Trump allow the EUR/USD cross to fall much lower? Will LaGarde turn this monster Trend around next year? 1.25xx Top was spotted April...
Quick plot to show the possible tops for UJ wave up. The climb has been well controlled within Fib ratios. We should now be nearing the end points of 2 waves. 107.48 - 107.54 is immediate resistance, might end the move. 107.82 - 107.89 should be strong resistance, causing pullback. 108.00 - 108.01 should be the extreme reach of "blow off" top. See some of my...
BTC rally from 3.1k has been powered by two "Golden Fibs". The retace from 13.8k being powerd by two negative Impulses. The confluence of these fibs has determined the important levels. Left side includes the two Rare Fibs of Golden Growth. Right top covers the Impulse and ripples from the Top. Right bottom shows Impulse and ripples from 12.3k high. Part of my...
Silver shone bright after Gold. Now it is retracing just as Bold. The Rhythm is clear, Wave End may be near. Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested....
Continuation of my last Plot before Monday Open (click) . Monday global cycle complete now with NY close. USA did not buy today, so further decline likely. Elliot Wave structure still in play, inidicating another dip. Last bounce on Hourly was likelu wave (4) and now in (5). That complete 12345 should make for a wave (A) of ABC. Previous Gold Analysis...
Part of my ongoing collection of Impulse examples. This sequence has "Pinged" each line except the 2.618. The sharp drop from Band 4 is likely to see on more leg . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the...
Early forecast of one POSSIBLE scenario. Too early in the week to talk PROBABILITY. But a "Bullish Retrace" is quite PLAUSIBLE. Left side chart shows possible ABC retrace structure. Upper Right shows structure of retrace thus far. Lower Right shows short term critical support. This is a continuation of my previous two plots which played out quite precsely: ...
Plotted are 3 Fib series that have determined ETH price action. The retrace is now at a critical price, with next support 12% lower. Bulls need to hold the current range or it will be difficult to recover. 164.93 - 167.35 is current support and quite important. 143.68 - 144.80 is the next support that is expectable. 129.04 - 132.36 is Bulls Last Stand, or risk...
This is a follow to my previous call for $1555 Top (click) . Gold hit a clear resistance and very likely a top from some time. Fundamentals of Brexit and Trade Wars seem to be "less uncertain". Technicals were screaming of a top and some pressure has escaped. $ 1530 would be a strong bounce and the max imaginable. $ 1525 more likely to act as resistance for...
Bitcoin's latest surge may have reached a temporary peak. Band 9 is often the end of strong moves and this looks like it. Now we watch the retrace in order to measure the bull power. 10,350 should the Minimum pullback to be expected. 10,2xx is likely to be tested, perhaps a breach to 10,194. 10,1xx should be strong support with bulls looking to buy. Loss of Band...
Gold has been on a rapid rise due to Trade Wars and other uncertainties. But we look to be at the very tippy-top of two complete wave structures. Maybe a "blow-off top" or an "upthrust" above $1555, but retrace will come. There are some very precisely zones defined by the two fibs on Daily TF. The Blue Fib series has been quite rhythmic with peaks at 1,3,5, and...
EU got a pretty good bounce as US markets opened after Holiday weekend. That bounce looks like running out of steam, and has backed into a Strong Fib. IF the bounce is done or is to pull back, right and right now would be a good spot. NOTE: I have been on vacation for most of August, just now returning to trading. So still getting back in the "rhythm" of each...
The term "Pivot" is used a lot, often meaning different things. What I am showing is the ''Old-School'' definition of that term. The current Pivots lines are calculated based on the Last Period. Pivots are as simple as this: (H+L+C)/3 of the previous period = Center Pivot (P) in the current period. The 'Support' ( Sx ) and 'Resistance' ( Rx ) pivots are...
Gold is approaching some resistance after the US Holiday weekend. Just tested the last Impulse down, and faces ending waves upward. This would be a good place to take profit and wait for resolution. The plotted EW 12345 is just a guess. It could well be an ABC that is done? Or we might see one more push up yet. "Impulse" is a surge that creates "Ripples",...
UJ as we know is a read on risk sentiment. Currently swayed by US-China trade war talk. Now at an important zone to watch for clues. "Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers...
EOS like most Alts has been falling dangerously. We are not approaching some critical Support zones. Bulls need to step up with vigor soon, or risk new lows. This plot is a condensed version of the 4 important Fibs posted here (click). . See some of my other plots and trade calls below. I also plot Forex and Stocks, take a look at my profile page . ...
LTC continues to slide from its $146 peak (which I had predicted ). The "Halvening" was the previous driving force and is now relaxing. There is a fib confluence at $64.82 - 64.88 that should bounce it. The Green fib lines are of the Impulse up from bottom at $20. The Purple fib lines are of the Impulse down from $146 peak. Purple 9.618 should end the wave, with...