With a massive move up in Gold since 2001, Looks like the bearish broadening pattern is taking shape. From the base of the pattern 2001 to the 2011 high point... A bearish move has potential to visit 900 or a deeper dive to 650. It may take some time but the pattern signals that bears are lurking around the corner.
Expecting bears to come pouring in around the upper 1.3800's. Also on my previous published ideas, Expecting Stock market to tumble down the line as well while USD strength destroys! bears. previous Charts are on point.
After a strong rally into previous strong support, Bears are looking to bring this back down. The move back up was also a 50% Fibonacci retracement which also adds to bears trying to jump in.
Huge expanded triangle pattern on the Euro and expecting the bears to come storming in not only at that upper trend line but the 1.62% fib extension level that sits there as well. Looking for the Euro to get smoked right back down to 1.2900 - 1.2800 levels.
EUR/USD has made a large broadening expanded pattern which leads to a bullish breakout either towards the mid level of the pattern or the start of it. In this case 1.3900 would be a key target area.
Basic structure trading indicates a potential Bear market for the next 10+ years. This is a yearly chart and it will be interesting to see if the Dow Jones crosses back into that 14,000 - 7,500 zone. If it does, i think there's a good chance we will continue to collapse over time. The last significant resistance level was back in the 1970's around 1,050. "Logical"...
Not that great at harmonics as of yet however, Wondering if this is legit for a future monstrous drop. Nas monthly long term chart.
Watching for a strong break of a USD weekly rising wedge with bearish divergence on the MACD. Will continue to look for Euro upside.
Dow Jones making a 13 year Broadening top pattern making higher highs with slight lower lows. The projection for this forecast is once it has topped at resistance it tends to come down to the supporting level, however the kicker about this pattern is support tends to get broken down through! which signals the possibility of the Dow going even further down than...