Ok, the correction seems complete, as many bright people pointed out. Now I'll try to get an entry short here. My last time at mode downtrend target has been reached ahead of time, which is typical behavior before a correction, so, the plan is to wait for said retracement to trigger a sell, probably by tomorrow morning, during the NY session. Initial target is a...
Levels on chart. AUDUSD is in an uptrend, we're seeing divergence in MACD, it looks to be an impulsive advance. The weekly signal points to a rally into the 0.82059-0.83677 region. Any chance to hook up to the rally would be a nice long. I think we will see a retracement here, so, going long might work nicely. If we cross below the horizontal levels, we can expect...
The levels on chart are very significant, as evidenced by the price action around them, and how the trend signals targets and timing of said trends respects time at mode guidelines. I identified the end of a quarterly downtrend, in time, byJune 30th, which isn't far ahead, and a new quarterly downtrend signal that points to further declines in the long term, with...
In this chart I describe the relationship between gold, the pound and kiwi. I think we have a very strong trend going, which hasn't ended. It's highly possible that the gold EW count in the related ideas pans out, which would correlate with the bullish signals I obtain from the gbp/nzd and gbp/gold charts using time at mode. Initially, we had a correction after...
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep. I projected two targets on chart, as well as the different potential...
We need a retracement entry, I missed the first market entry today, (I did get in on NZDUSD) but this one also has a great prospect ahead. I'll update with my entry short. Good luck! Ivan.
If I'm wrong i'll sell higher.
There's a monthly time at mode expiration in this instrument coming next month. It's possible to see a reaction as carry trades get unwound, but it's not clear at what price yet. The extreme target is not reached, but the time at mode one has been exceeded, and heading for 2x the projected range soon. I think the dollar rally is about to hit its expiration date,...
Interesting patterns in the rgmov line and in the price chart make me think this might be a good short opportunity as the last daily time at mode signal's target has been reached, while USDCAD posted a top and didn't make a new high with price today. I'll enter a 0.5% risk short here, the stop is only 53 pips to the next monthly resistance. It's worth a try, if it...
We have clear technical indications that the S&P500 has ended its longterm impulsive uptrend in 1999-2000. Since then we have embarked in a series of corrective waves, with very clear fear spikes surrounding intense stock market crashes. Rgmov helps filter the noise and tells me that the current advance is short lived, while time at mode suggests that we might...
I think this is the case here. We have reached the profile point of balance projection from the low to the longterm mode of this uptrend. As expected, price sharply reversed in one day, consuming almost 3 days worth of progress. I'm waiting for the daily close to enter short, will update the chart once I'm ready, also adding 4h charts to better illustrate the...
I'm long silver as of today, stop under the previous low in the 1h chart. This is a very aggressive and potentially dangerous entry, but I think it's fairly possible to see a rally here. Even more than a continuation in gold. In fact, I'll add the silver/gold ratio to the comments section to illustrate my reasoning here. We can profit from this Silver rally in...
Analysis on chart. Quarterly uptrend expired, the rgmov wave count suggests we are at the end of a corrective leg. The price chart suggests we are completing a terminal pattern with a diametric at the end of C. According to Glenn Neely's wave count this is a B rally, so the next leg should be a very sharp C wave down! I'm placing a short based on the time at...
I decided to expand on my gold analysis with the help of rgmov and neowave concepts. I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart. I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at...
Similarly to GBPJPY, USDJPY seems to have topped after moving past the vix spike 75% retrace support level. On the daily chart we can observe bearish rgmov signals and on the weekly we can see that price has gone under 123, and failed to produce new highs after testing a quarterly range expansion bar's 50% level. It seems like this is the start of a strong bear...
We finally have a new mode in ETHXBT. The last 4h bar has 2 hours to go, but is already over the mode. If it closes there it'll confirm an uptrend signal. Add to this the fundamental catalyst of BTCUSD crashing because of the Bitcoin XT fork, problems regarding consensus between Bitcoin developers, an alleged post by Satoshi Nakamoto himself complaning about it...
On chart we have conflicting signals. It seems that the bears decided to book profits and this ignited a short squeeze rally, or at least that is what logic implies. Considering multiple variables, we can determine with a high degree of certainty that Bitcoin is set to rally off this juncture, as long as it remains above 228.04. We can expect realistically to...
Analysis on chart, we had a bearish trend signal that has been consumed, price hit the target and is starting to reverse. We can attemp buying above the 0.7061 mark if trading futures, or 0.70624 if trading spot forex, with the stop loss at 0.6905 and 0.69087 respectively. Rgmov in the spot chart looks really good, forming new highs, sharply, might be an emerging...