OrangeTrader93

OrangeTrader93 Updated 

//Targeting Metrics// Bullish Elliot Wave will end at ~$20 on 01DEC2022 Marathon Oil has taken steps to improve earnings by cutting cost for the year 2021, that which is reflected after analyzing and comparing this company’s financials quarter-to-quarter. MRO currently benchmarks in the 91st percentile in the crude petroleum and natural gas sector. MRO’s share...

OrangeTrader93

LFT (Lument Finance trust, Inc.) is a commercial real estate investment trust with a fair value per share of $4.55. Fair share value per share is on the 261.8% extended Fibonacci level at $4.55 Overall, LFT has relatively healthy finance ratios, although the price to sales is a little alarming, with bullish technicals on the daily and weekly timeframe.

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TRT's stock price has fallen in value from a yearly high of $7.50 to a $4.30 to $4.55 demand zone. Trio-Tech has relatively strong finances when benchmarking this semi-conductor company at the 79th percentile within the semiconductor industry. This is a company that has been impacted by the economic slump created by COVID-19 and the China-United States trade...

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//Fundemental Overview// AUDCHF has been bullish since November of 2020 in relation to Sydney improving the Aussie's interest rate to .10% in comparison to the Swiss Franc's interest rate at -.75%, implying a stronger Australian dollar. //Technical Overview// Price had ended Friday on the second standard deviation below sigma. Price has moved into a strong...

OrangeTrader93

Get in, or get got.

OrangeTrader93

Happy Valentine's Day. Price targeting is a non-euclidean feature of motion.

OrangeTrader93

A shift sentiment is evident given these current market conditions. It's highly plausible that USDCHN will continue to build upward momentum as price may shape a new bullish Elliot wave. It is paramount to understand that the shaping of this pair is logarithmic in nature.

OrangeTrader93

Gold as a commodity will retrace into a corrective structure pulling the price of XAUUSD into a downward shape.

OrangeTrader93

I don't trade bitcoin but I imagine this is a commodity that is technical in nature. Bitcoin should see a retracement into wave 4.

OrangeTrader93

AUDJPY will retrace

OrangeTrader93

Price should move back towards the critical price level of 104.05.

OrangeTrader93

I don't feel 100% confident about the wave count, however, I am more interested in seeing if there is any significance with a divergence between the trend in crude oil and currencies that are influenced by oil export/imports.

OrangeTrader93

Divergence between CJ and Oil.

OrangeTrader93

//Elliot Wave Analysis// USDMEX is finishing wave a and moving into wave b. //Sentiment Analysis// 18DEC2020 COT Report indicates a shift in sentiment with an increase of 21,641 short contracts, bringing the net position of non-commercial traders to -3,227. //Price Action// Price could push down towards the end of wave 4 at 17.44984, but no further. If the...

OrangeTrader93 Updated 

Elliot Waves - A Market Aesthetic An Emergent Feature of Equity Markets and Market Psychology Developed by Ralph Nelson Elliot in the 1930s, the Elliot wave principle became a tool for technical analysis used to chart and forecast financial market cycles by identifying extremes in investor psychology and other factors. The Elliot wave principle is a concept...

OrangeTrader93 Updated 

//Forecast// Price is rejecting off the weekly trendline. It's looking as if the 5th wave will be truncated from the exhausting selling pressure. FRVP and the 20 EMA indicate that price will retrace to the point-of-control, beginning wave a.

OrangeTrader93 Updated 

Trying to gauge a good entry. Price action is confirming that 104.05 is a key price level for this pair.

OrangeTrader93

Sorry for the busy chart. It can be observed in 02 MAR 2020 that price had been consolidating into a strong demand market. Volume had hit levels of 18.889 million resulting in a fairly neutral candlestick formation. EU had successfully closed outside of the channel in July sending a strong signal of a trend reversal. If price action can close above and/or retest...