Mr-R-Sole

Mr-R-Sole

This harmonic has so far played out amazingly well. The main trouble I had was not noticing the triple top made around 14250/14300. This then sent us down to complete the full 886 extension of the C. I've updated the chart and hidden the green fibs + GZ and added these white fibs with a green box. If the PA manages to break and close above the green box then it'll...

Mr-R-Sole

Thanks to FED Daly for this dump and opportunity to add to my long from 13756 & 13965! As you can see the red TL is holding this from further decline as is the yellow horizontal TL. It's also reacting the 200MA on the 4H TF. I'll not be at all surprised to see this above 14300 by EOD.

Mr-R-Sole

Point C target hit plus back tested with the double bounce off the 618. The white fibs show potential places on the way up to D where we could expect a pull back. Same goes for the the green fibs. The D could extend as much as 1.618 which takes it to the white 1.168 fib, otherwise known as the golden ratio, around 16.2k. This bearish Gartley has so far played out...

Mr-R-Sole

Following on from my previous post regarding LUNA. We can clearly see this is now in an ABC correction after having completed wave 5 to $118. LUNA is now trading below the ML of the green TC and also under the ML of the red TC. With the impending DC starting to converge I expect a breach of the green TC to the A before a bounce. However this would take us to the...

Mr-R-Sole

Haven't changed this chart apart from adding the 50 & 200 SMAs, which as you can on this time frame is starting to converge into what is known as a death cross. This is extremely old and outdated TA but I think it's still relevant providing you spot it as soon as it starts to converge, not as it is crossing. It's also resting on the monthly pivot point as well as...

Mr-R-Sole Updated 

It was touch and go yesterday as the Nasdaq rose 2% but seems like the more sensical heads have prevailed against the idiocy of the moon boyz. As mentioned in an update on another chart, this is now dropping as fast as it went up with the help of the words from multiple FED members. I added another short entry at 15103 yesterday, albeit a bit prematurely but seems...

Mr-R-Sole

Gas has been making some serious gains the past weeks and now I think it's reached a point of correction. The ML of the TC has had multiple attempts of breaching and so far has failed to do so. The RSI is over bought across multiple TFs and then there's a the R2 monthly fib pivot. IF I'm right, I'll be following the blue fibs down to the 50% and looking to TP my...

Mr-R-Sole Updated 

Could we now be in an ABC down to around the $60? The reason why I think $60 is because that's roughly where I assume the 200MA will be by the time the ABC down is finished. As you can see in the chart, the 200MA is a STRONG support, bouncing each time it touches.

Mr-R-Sole Updated 

Added some TLs as well as a fibo extension. As you can see it's added past the 618 a.k.a golden ratio and is now struggling to maintain that momentum. The green TL is the one to watch, if this breaks I believe the bears are done for. What do I mean by break? I mean a candle body close above the green TL, not just a wick and preferably on the 4H TF.

Mr-R-Sole

Following on from my LUNA chart using EWP, I've drawn a simpler chart with TLs, a Doji and an ascending broadening wedge. The red TLs, Doji & the ascending broadening wedge (ABW) suggest the drop to $60 favours the yellow TLs rise to $130+ Furthermore if we look at the RSI on the smaller TFs, 4H, 2H & 1H you can easily see that LUNA is overbought.

Mr-R-Sole Updated 

Think we're in what's the middle of bearish Gartley. After having completed a 61.8% retracement of the ATH to the low at 13k. I'll be looking to TP my short at the C of the bearish Gartley or the 618 fibbo and ride it up with a long position to the D or double top at the ATH.

Mr-R-Sole Updated 

As I mentioned yesterday an inside bar candle formed and today we needed to see if it would confirm. It's got just over 1 hour till EOD so I'm pretty confident in my title.

Mr-R-Sole

Pretty much as the title says, the red TL held via the candle closing below. Took the TL on the 4H TF but it's holding on 1h & daily. As the USD is rising and looking like going for $100+ this should help gold to dump. I'm in again at 1948 with SL on entry.

Mr-R-Sole Updated 

It's not looking good for my beloved bearish crab but this red TL seems to be doing it's job. If that 4H can close under the TL and under the B then the Crab is back in business. If not, well my shorts will be closed in slight loss and I'll wait for for PA to find another short entry.

Mr-R-Sole Updated 

Testing begins of the R1 monthly fibo pivot. Daily forming the beginnings of an inside bar, will have to wait for confirmation at EOD tomorrow.

Mr-R-Sole Updated 

Seeing if this harmonic plays out. Currently shorting it down to the C before looking for a long at the C. The D short fits nicely with the 618 and 1.618 extensions of previous PA.

Mr-R-Sole

Following on from the first post with the bearish crab, which I mistakenly called a bearish bat (apologies) we now have what appears to be a bearish engulfing or outside bar with confirmation. Still holding my shorts from the B.

Mr-R-Sole

I'm long from the C to the D/gap close, highlighted by the red rectangle. This will also allow the RSI to cool off a bit from being oversold to further increase the potential to drop. I'll be looking for a short down to the low 80s once hitting the box/D area.