Johnkiew

Johnkiew

Dow breakdown from 33031, as long as price stay below this price level, the swing is targeting 30682 & 29230

Johnkiew

Dow Forming Bearish Divergence with relatively weakening bullish amplitude from April to August 2021

Johnkiew

Price breakout 6 years double bottom range 38.35. As long as price sustain above 38.35, the formation is eyeing 51.20 and remain valid.

Johnkiew

The two months rally come to a tipping point, a in-favorable divergence signal to the long investors.

Johnkiew

The four year formation near of confirmation. Price below 1501, formation target at 1102.5.

Johnkiew

Head and Shoulder breakdown from the high triggered by tension between US and Iran, the short term target eyeing 27795

Johnkiew Updated 

The price structure eyeing 2773.

Johnkiew

The previous rally as mentioned in previous post have reached the pattern target 2773. Looking at the monthly chart, 2773 served as crucial support resistance for past 10 or more years. Reader please see arrow for self interpretation.

Johnkiew

Gold have been trading in 5 years range below 1377.5. Gold have failed to break this range for 7 times in the past 5 years. Recent inversion yield curve and Fed reserve latest comment have make path for the breakout. The rounding bottom formation is eyeing 1709 with gold continue trade above 1377.5. This sentiment shift would also suggest implied volatility with...

Johnkiew

The very famous chart formation again happen in Dow Futures. The pattern target is eyeing 23842 with conservative projection from left shoulder instead of right shoulder. However, if price hit 23842, it will be 50% retracement from the previous swing. In a longer term view, S&P 500 have divergence and yet to confirm. In Dow Jones, the head and shoulder pattern...

Johnkiew

RSI Divergence seen in S&P 500 monthly chart. Should the technical signal indicate a bearish trend incoming? In addition, S&P 500 and RSI have breakdown from long term trendline since December 2018.

Johnkiew

The largest market cap in the Bursa market have formed a classic chart pattern breakdown with formation target at 7.125. Price level 9.10 have used as neckline instead of June 2018 low. The reason underlying by two symmetrical shoulder (left and right) ended and started development from this price level.

Johnkiew Updated 

Oil have breakout from inverted head and shoulder neckline 56 with a day candle closed higher that confirmed the pattern has formed. The historical statistics said target of inverted H&S will be achieved 74% by Thomas Bulkwoski. Following price level for trader to take note: If price stay above 56, target 59.63 (potential correction at this price level) Price...

Johnkiew Updated 

Gold price is approaching multiple years resistance 1356 to 1368 levels. Gold price is trading below this price since 2013. Trader please be cautious in the coming days as fundamental sentiment remain bullish on "hedge funds ramp up bullish bets" according to Bloomberg and paused of rate hike.

Johnkiew Updated 

If you look at daily chart, FKLI did not move any lower than 1606 since 2015. Market trade in 150 range for 1 year before a rally started in Jan 2017 and brought market to 1900. The recent low 1655 become a new price level to monitor and further expand the zone by 50 points from 1606 to 1656 (as confluence zone highlighted in the chart). The market have tested...

Johnkiew

The up swing projection as followed: If price trade above 11004, target 11142 (first target) If price trade above 11142, target 11367(second target) Trader please be aware when price trade near to 6 months resistance zone. China A50 has been trading in narrowing trend.

Johnkiew Updated 

On the left chart (daily time frame), market profile was fixed on Dow Jones futures range between February low to October high. Trader please look at the point of control, identify as red line in the chart which indicate the most volume traded price level within the range. Coincidentally, market rebound 3 times from POC. The recent fall from 8 November high have...

Johnkiew Updated 

As market near to end of the year, "window dressing" seasonal behavior have high chance to occur. Major markets have traded approach the previous low and indicate temporary support. A50 has again trading near to 5 months support as show in the left chart. And higher high higher low set up on the lower time frame. Trader may look for long opportunity with the...