Hello Traders, USOIL Recently formed a smaller, internal, WW highlighted in the light blue. When zooming out, we can see that it is part of a larger WW/Geo' that is at work here. As of this moment, I do not expect any higher highs to ensue in USOIL until the current Wolfe Wave/Geo' is complete. Best, Chartistry
Hello Traders, I have been fiddling with the idea of applying the same model used to predict Financial Markets to Economic Data.This is my first attempt at applying the model to such data publicly. Consider this post an experiment. Taking into consideration some fundamentals (and a little bit of rationalizing); Since the auto industry bail outs of 2008-2009...
Hello Traders, Aflac is nearing a completion of a BEARISH Wolfe Wave. Point 5 has not yet been created and a Potential Target Before Decline has been defined at 82.63. Once that level is achieved expect a bearish force to come into play. Best, Chartistry
Hello Traders, Here is a great long opportunity in GBPUSD with little downside risk. Dark Red = Very High Probability Target Light Red = Medium Probability Target Best, Chartistry
Hello Traders, EURCAD is offering a small move to the downside. The target to look for here is the 1-4 line. I have highlighted where the highest excursion of price might go before falling. Make note of that level as it can act as resistance. Best, Chartistry
Hello Traders, Last week, AUDCAD formed a Wolfe Wave at point 5. Because of the higher angled 2-4 line, the move to the downside will be shallow. I expect the 1-4 line to be the highest probability target. Best, Chartistry
Hello Traders, $EURJPY is offering a potential short opportunity with this Wolfe Wave set up. I have defined a Potential Target Before Decline at 117.429. The exit target for this trade is the 1-4 equilibrium line. Follow/Like for updates. Best, Chartsitry
Hello Traders, This is an update from my last post(related links) . In the original post, there was a speculative point 4. At this point I think the rally for the Euro has been exhausted against the Dollar. USDOLLAR Strengthening...For Now USD created a bullish geometry with a high probability target at point 4 of the engulfing Wolfe Wave. As USD strengthens...
Hello Traders, USDJPY is offering bullish targets with the following expectations: Dark Red = Very High Probability Target Medium Red = High Probability Target Light Red = Low Probability Target The lighter the color, the higher the chance of a reversal. Best, Chartistry
Hello Traders, Following the big swing on election day EURAUD created points 4 and 5 needed for the completion of this Wolfe Wave. From this point I expect a bullish underlying strength here to push price up to the 1-4 line. Best, Chartistry
Hello Traders, The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards the targets defined and not the other way...
Hello Traders, EURUSD has offered a high probability move to the downside. The targets have been defined as follows: Dark Red = Very High Probability Target Medium Red = High Probability Target Light Red = Medium Probability Target Grey = Low Probability Target If the Grey target is hit consider this Geometry: This has been in development for several months...
Hello Traders, NZDUSD 0.63% has offered a high probability move to the upside. This would, in turn, complete a bearish Wolfe Wave giving a potential short opportunity once that target has been reached. As of now, the highest probability target has been defined as 0.73636 while there remains "hidden resistance" just below that mark. Either level will give us a...
Hello Traders, USDCAD is looking at a potential top with the current upside move. Following the Daily chart we are looking at a potential Head and Shoulders Pattern that would also help us define point 4. That rationale in and of itself is speculation since point 4 is near impossible to predict in a WW. Looking at the higher time frame we get this view of the...
Hello Traders, $AUDUSD is offering a short trade opportunity in the 60 min time frame. 1-4 target line. Best, Chartistry
Hello Traders, $CADJPY has offered us a long opportunity with the completion of this bullish Wolfe Wave. Look for the equilibrium point (1-4 target line) as the target in this this trade. Best, Chartistry
Hello Traders, Here is a great short opportunity in AUDCAD 0.01% . Although this is a short term set up. There is a larger Wolfe Wave in the Daily Time frame, also pointing in the same direction. This could in turn, be the spark that ignites the larger Wolfe Wave. Daily Time Frame You can follow the Daily Time Frame in the related link below. Best, Chartistry
Hello Traders, USDJPY formed a Bearish Wolfe Wave. Look for the 1-4 line as the target. Mind the Potential Target Before Decline, this target shows where an excursion in price may occur before taking course to the 1-4 line. Best, Chartistry