Price broke the monthly and weekly floors S4 (L4) and is likely to end the month at S5. Now we see a pullback to weekly S3 before the crash which should follow tomorrow. Weak uptrend had also been broken. Tom Demarks breakout projection sends us even lower. However, at the moment we target Monthly and Weekly S5 which coincide with Point of Release to the left. By...
NZD broke below yearly Camarilla S1 and is in Bearish Zone. It is likely to reach Yearly Camarilla S3 very soon. R1 to S1 is yearly Neutral Area (in which EURO currently is, by the way) aka Yearly Close / Opening Range. For Educational Purposes only.
Demark analysis for Crude. April 9th it broke down the demand trendline. Crude is likely to drop to 17 per barrel. 17 is production cost for for the Saudis but of course it is a disaster for the US, Russia or Norway...Shell will go bankrupt! This is no financial advise.
I am looking to short EUR. Price is below Yearly Open / Close, Below January Open / R1-S1 Monthly Camarilla Opening Range and now also it started trading below weekly open. Evening Star on 2 days chart indicates bearish bias. Hence I am switching to long term short bias. For Educational Purposes Only.
I am looking for longs in EUR. At 1.15 we have double round number confluence (eurusd/usdeur) and that is strong resistance area . But price might make to Quarterly Camarilla R3 and reverse there. FOR EDUCATIONAL PUPPOSES ONLY. YOU ARE SOLELY RESPONSIBLE FOR YOUR TRADING DECISIONS. THIS IS NOT A FINANCIAL ADVISE!
Demark Breakout Projection sends Price to right below Yearly S3 and coincides with Point of Release from 2021 (unfilled thin run / price imbalance that is being filled). S3 is the area where I would expect a reversal or major reaction at least. For educational purposes only.
SPX reached yearly reversal area and is likely to reverse here. I would target R3 as next long term target. For Educational Purposes Only.
USOIL hit yearly Reversal Level R3 and is likely to pullback to S1 as in 2021, even if the bullish move will continue. For Educational Purposes ONly.
Here I demonstrate how you can use round number levels from USDEUR (as American banks look at EUR) and EURUSD (as EUR is being traded in Europe) for stops and targets. It is always safer to place stop below or above round number. For educational puposes.
I dont see current congestion as a reversal pattern. Tilson 8 weekly ma is in a sharp downslope. Such sharo falls usually end with sharp and prolonged double W patterns with long exhaustion tails (look back in history). We dont see any such signs that would confirm that the fall had been exhausted. Another, even stronger bearish leg is likely to follow. We also...
Long targets for bitcoin using Tom Demark Projections. Price should make it to 78.000.
Here I demonstrate you how you can detect trends using simple tools: 8 ema from higher timeframe - Daily 8 ema from higher timeframe - 12 hours We choose 8 period ema because backtesting shows it holds price best on daily. Steve Bigalow refers to 8 ema as Trigger Line (T-Line). Pls refer to his teachings as far as 8 ema is concerned. We use their crossover for...
Point and figure charts eliminate noise and time. Hence I find them highly beneficial. On how better to use them I recommend to refer to Neil Callard of 8 dragons capital (for forex) or Du Plessis manual on Point and Figure (meant for stocks however). In forex we use 1 box reversal pnf charts. In stocks it is common to use 3 box reversal charts. I prefer to use...
Future bearish cloud confirms bearish position on daily. Price is also ikely to fill the remaining inefficiency. For educational purposes only
After the bullish break, I am looking for longs in GBPUSD to monthly Camarilla R3. Price can even make to quarterly Camarilla R3. Stop below previous point of release. For educational purposes only.
There is great probability that EURUSD will end the year at yearl S1 pivot. Bit it will surely react at TP1 as it is reversal zone. For educational puposes only
What to expect from GBP next 2 weeks. We might see another big move before the year ends. I would target yearly pivot / point of release / December L5. Price might also reverse because it is at quarterly L3 reversal level. In case of reversal it is likely to go where I marked - monthly H3 - 8 weeks T3 ma. I favour more short scenario. For educational purposes only.