Silver is consolidating on 1D (RSI = 45.850, Williams = -48.527, CCI = 32.7856, Highs/Lows = 0.000) after finding support at 14.890. The very same pattern has been spotted another 2 times in 2017 and 2018 leading us to assume that the behavior is cyclical. This suggests that the current consolidation has at least 1 more Lower High to give before breaking either...
Nifty has just been rejected on the 11,760 1M Resistance after a relentless bullish run since mid February. It appears that since March 2018 the index follows an identical repetitive pattern, within the 11,760 1M Resistance and the 9,960 1M Support. Every time the index has rebounded on the 9,960 1M Support, a 1D Channel Up follows, which practically gives way to...
Following its most recent bull leg on 1D, the Dollar Index was again rejected near the 97.70 1W Resistance, causing the 4H Channel Up to break downwards (RSI = 40.558, MACD = -0.060, Highs/Lows = -0.0793, B/BP = -0.1870). This rejection technically calls for a re-testing of the 95.80 1D Support. However the 1W Channel Up (RSI = 54.944, MACD = 0.450, Highs/Lows =...
Oil is extending its very aggressive uptrend on the 1W chart since it nearly tested the 42.00 Support last December. 1W is a healthy uptrend (RSI = 61.910, Highs/Lows = 6.6357) while 1M is on the verge of breaking out (RSI = 54.404, MACD = 1.350) pointing a long term target zone within 72.50 - 75.00. However we are getting close to the 66.65 1W Resistance, which...
The rebound near the 1.1175 1M Support was something that was largely expected due to being a long term Buy Zone as shown on the trading idea below: But notably this rebound is being executed on a symmetrical cup curve which may complete the 1.13022 - 1.13315 target on a minor pull-back. This is a short term action plan for those who missed the rebound near...
Platinum is approaching important crossroads on 1M. Trading on a long term 1M Channel Down (RSI = 50.828, MACD = -31.030, Highs/Lows = 27.2071), the very bullish 1W leg is closing in on the Lower High of the 1M Channel Down on overbought 1D action (RSI = 73.845). Technically we should be expecting a rejection towards the 1M Support Zone. But since this Support...
Gold respected the 1D Support Zone (1,276.50 - 1,281) last week which cause a strong rebound at 1,281. After breaking the 1,300.50 4H Resistance, 4H has turned into a strong buy again (RSI = 64.279, Highs/Lows = 8.0379, ADX = 27.299) while 1D turned neutral (RSI = 52.247) potentially aiming at the 1,324.45 - 1,326.20 1D Resistance Zone. Our TP is 1,325. **...
Using the Gaussian Channel, we can see how last week's aggressive rise has now entered into the bearish wave length. In the 2014/ 2015 bear cycle, the time it breached this length marked the final pressure point before the new bull market started. It is rational to assume that Bitcoin has entered into a "buy-the-dip" phase as the consolidation of the accumulation/...
It's been a month since Boeing's share started taking hard hits following the crashes of their 737 MAX aircrafts that gained a lot of unfavorable media exposure. The biggest hit was the March 11 1D candle that left a big $13 Gap. The recent (since 2018) price action on BA shows that every 1D Gap (either bullish or bearish) was filled. So in technical terms one...
Uranium has broken through its multi-year bearish trend in August as it broke the Lower High trend line on the monthly chart. To the disappointment of investors it was rejected just below 30.00 and last week it touched the previous Lower High trend line again only this time from above. If it rebounds on that level, then it would mean that it would have...
With the U.S. - China trade deal developments ongoing and reportedly staying on positive grounds, the stock markets are globally on the rise in 2019. This is a good time to examine how the heavy Chinese companies are performing. FXI is the index that tracks China's stocks with the largest capitalization. On the monthly (1M) chart we see that since the 2009...
We have been bullish on Bitcoin since it made its low in December where we called a bottom on the 2018 bear cycle. What we have been trying to determine since is the pattern which BTC will follow as it transitions from the bear cycle to the new bull market and new ATH (All Time Highs). All of the suggested models follow the parabolic curve , which we recently...
The index is now testing the 1W Resistance (26,280 - 26,300). 1D has been trading on an Ascending Triangle pattern (RSI = 62.583, MACD = 150.200, Highs/Lows = 229.6786) and upon reaching this 1W Resistance zone on overbought stochastics (STOCH = 98.665, STOCHRSI = 90.823, Williams = -0.392) a sell window opportunity emerges. The SL however should be tight...
Bitcoin is on a very strong rise today (surpassing +15%), as it broke above the 1D Ascending Triangle (RSI = 82.873, MACD = 102.500, Highs/Lows = 553.3727). The 1D is overbought and a pull back would be a natural technical expectation. However today's 1D candle needs to avoid closing below the the 0.382 Fibonacci retracement level from last week's lows as it will...
We have seen the current trading set up on DAX during its previous mini bear cycle (April 2015 - February 2016). During that time the index finally broke upwards for the new mini bull cycle once both Lower High trend lines were crossed and held as supports on at least 1 re-test. Currently DAX has broken above the first Lower High trend line (dashed) and has...
This study intends to point out an obvious attribute of Bitcoin that is often neglected. Its quality as a Store Of Value. Historically this attribute is distorted as Bitcoin is subject to heavy speculation creating the Bubbles that mainstream media and short term traders pay much attention too. But on market that is such psychologically driven one aspect remains...
The price has just bounced on the top of the 1D Support Zone (1.29640 - 1.30000) pricing in the meantime a technical Higher Low on the 1D Channel Up (RSI = 46.912, STOCH = 51.138, MACD = 0.001, Highs/Lows = -0.0037). Technically we are expecting a test of the 1D Resistance Zone, which if crossed will lead to a new Higher High for the Channel. We are long, TP =...
The pair is now testing the 143.150 - 143.750 support (1) on 1D after the Double Top rejection at 148.650 - 148.900 earlier in March. This may create a Channel Down on 1D (RSI @ 44.512, MACD @ -0.070, Highs/Lows @ -0.8879) if this Support 1 breaks (Lower Low). This is our first target and on the long term we will use 141.00 as the extended TP. We see a similar...