Hello Traders, Exxon Mobile is in a large consolidation. My model suggests that a bullish move is active on the Daily Time Frame. However, TG 4 lines up with the ceiling of a Resistance Band that is suppressing price from moving any higher. This Resistance Band was identified on the more imposing Weekly Time Frame. Until then, enjoy profits into the $100 territory.
Hello Traders, HSBC has been in a large consolidation since the Financial Crisis of 2008. Based on my model, this is still 60% probability that 25.21 will be hit before this Multi-Year Consolidation is over. There have been two sell signals both pointing to the same target of 25.21 from my model, therefore, this chart is worthy of a share.
Hello Traders, Long term analysis shows AUDUSD coming into major support. Idea invalidates if new low is made on Weekly time frame. This is not so much a trading idea as it is an overall market perspective. Support zone is defined by my model and supported by structural support.
My model is suggesting a potential counter trend move in BTCUSD. I anticipate the move to be stuck between the support and resistance bands that have been drawn on the chart. A break of either of the bands will indicate the direction the market will want to go.
Hello Traders, Model suggests a major decline in the US Dollar. Since 2008 the DXY chart suggests that this has been a counter trend move. Now model suggests that the overall trend of the Greenback will continue. This is a very long term view so there will be plenty of swings in between, especially in the resistance band, formerly called the consolidation zone....
Hello Traders, Model suggests further decline in in Tesla. This is a counter trend move so any of the following targets can have a strong reaction and start a reversal in price. Idea becomes invalidated if new high is created, which is common with counter trend moves.
Signal, Stop, and Targets Defined on chart
Hello Traders, Look for price to continue to move higher despite the deep pullback. See related idea for more context.
The dollar index, DXY, has come into major resistance. From here, expect a strong move down in DXY.