Hi Everybody, It looks like Bitcoin is in the process of making a ABC correction from the highs on the Daily Chart. So it will be interesting to see if support comes in at the support levels indicated on the Chart.
The monthly Chart of the EURUSD is in a very interesting position. The recent sharp decline has halted right at our MTPredictor DP support zone..... So the question now is whether this support will hold in the longer term.
The ES (S&P) is at MTPredictor DP Resistance now, we are just waiting for confirmation of a Reversal. So the the next few days could be very important as we see whether a Major high is confirmed at this DP Resistance zone.
Hi Everybody, The long setup on the 5min EURGBP was slightly clearer because the initial low came off a MTPredictror automatic DP buy setup on the 15min Chart, So I think this was an easier setup to spot because of the better "higher time frame" (15min) support.
Hi Everybody, In the backdrop of all the uncertainty of the Greece elections, the EURUSD has now reached MTPredictor DP support, so will this be a low on the EUR or on a temporary pause in a later decline, we will have to watch this monthly support closely over the next few months to see
Here is a good example of my favourite MTPredictor trade setup. We call this the Holy Gail, because it has the "potential" to run to the Typical Wave 3 WPT. If the short gets there it will be a possible 7R (7x initial risk) trade. So lets see how this unfolds.....
Hi Everybody, I have been away and missed being able to post this MTPredictor daily short trade on the ES (S&P) at the time of the initial setup, but I wanted to update you all now. As you can see, the recent high on the ES came in nicely at our MTPredictor daily resistance zone. So lets see how much further this market can fall ?
The ES has now joined the YM and NQ (please see my previous posts) at its MTPredictor DP resistance. So now all 3 main US Indices are all in their respective MTPredictor Resistance zones, we need to start looking for signs of a reversal and a possible Top.....
I wanted to make this Post today to show how the best MTPredictor trades are taken when the set-ups are "with" the Higher Time Frame. A great example was today when the GBPUSD made a automatic MTPredictor DP sell on the 60min chart, BUT this also fell at 240min DP Resistance. In other words the shorter time frame set-up fell at higher time frame...
The NASDAQ rallied though the last minor MTPredictor DP resistance without confirming a high, and has now almost reached the next MTPredictor DP level, please see the chart. So will this level hold, we will have to wait and see
The recent rally on the Nsadaq has now reached the next MTPredictor DP resistance zone. With the Fed speaking later today, (that may well move the market), the question is whether this resistance level will hold and we get a decline from here ? Lets wait and see................
The GBPUSD made a TS1 buy setup a while ago on this 4hr Chart, (please see chart). With Stops now at Break-even (as we have exceeded the 100% initial risk level), this is now a free trade. So will the rally carry the GBPUSD up into its first target ?
PS. Notice how the MTPredictor DP nailed the Major low, so this would indicate a continue rally.