The more I see this chart the more I laugh at people buying this cross.. I think a lot of them will target 1.25 and above and my analysis tends to say that we are not on a trend market... but still on a consolidation structure. The technical factors that plead this way are : Sinewave tried a bullish breakout that was flushed out.. so if this thing was bullish, why...
I think we may have reached the point where volume will start to pile up in a narrow area, crushing up momentum as volatility will slowly pick up before a nice burst occurs. This burst will of course have both positive and negative outcome possibilities.. Positive outcome will very likely sign the entry in a very agressive bubble trading mode before krashing up...
We're now reaching the possible end of the weekly bullish trend and could top up near the heavy cluster of fibo targets. The "short term" (H1) setup tends to show signs of weakness as well and could validate a massive taking profit reactions from investors (moreover if the yen tends to strenghen which I also expect) I ploted the expected wave projection on the H1...
Follwing on from the previous idea which just got invalidated with the latest Sinewave Breakout, I had to come up with a new technical background. The fact that we see the current wave as an impulse (12345 instead of ABC) shows that we are probably making a flat correction which structure is 3-3-5 and corresponds to our present case ! That being said, it still...
I've always had two major scenarios for the next years. I never thought we could reach the "make a choice" area this fast ! But anyhow here we are ! Making a very important choice about the future of the most liquid equity index on earth : I called THE S&P 500 ! At this point the two major options are : - Scenario A : we slow down the pace, find a resistance...
Following on from the previous analysis, we've now reached the invalidation of the previous scenario that was speculating on a new bearish impulse. It appears that the market is not yet ready to drop, and it decided to flush out the sellers yesterday. Anyway the structure remains heavily bearish, we're probably just consolidating longer than expected ! I'll stay...
No need to take long to explain what I see here... It's pure and simply a low risk short setup confirmed by both PRO Sinewave & PRO Momentum . The last Sinewave signal was a BEAR, confirmed by overbought signal on Momentum (so that's a valid bear trading signal). This signal got rapidly confirmed by a Sinewave BREAK pattern... at this point, things are pretty...
The setup here is very clear to me.. We're running out of fuel and the PRO SINEWAVE will soon plot the EXIT cycle that will terminate this bullish breakout pattern... Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to...
The setup here is very clear to me.. We're running out of fuel and the PRO SINEWAVE will soon plot the EXIT cycle that will terminate this bullish breakout pattern... Once terminated the market will switch back to range / retracement mode. After such a rally (+30% with no breathing of more than 3%) we can easily expect the prices to retrace at least to...
I post that chart because I know some of you are going crazy about the bitcoin... is it a bubble or not.. Well let's make this straight... if you think this kind of price action isn't typically a bubble.. then you need to review your classics ! Of course this is a bubble ! The only question is when is going to burst.. That's a tricky question.. and trying to...
For those who already know or simply heard about Sinewave oscillator created by J.Ehlers out of Hilbert filter formulas... The PRO Sinewave indicator will stun you ! For those who don't, well you might be missing a very interesting market approach and I suggest you to google the two names above to eventually start tipping a toe into the beautiful cyclical world of...
Following on from yesterday's daily alert signaling that I was beginning to search for short entries, I must admit that so far nothing is showing signs of sellers going in... Feels like the market is dead and wants to wait for 2018 before pricing anything ! Anyway... without signals, no trade. And here neither sinewave or momentum is giving any signs of sellers....
When this is 50-50 I usually have a close look at Sinewave to see if it can shift the balance. In our case, the last cycle is a bearish cycle.. It will very likely be broken in both scenarios, but the question is "what will happen when we'll have reached the target" ? Option 1 will extende over it and start a bull trend out this initial bear cycle (it happens...
When this is 50-50 I usually have a close look at Sinewave to see if it can shift the balance. In our case, the last cycle is a bearish cycle.. It will very likely be broken in both scenarios, but the question is "what will happen when we'll have reached the target" ? Option 1 will extende over it and start a bull trend out this initial bear cycle (it happens...
Don't need to say more ! If this validates, we'll sure have a market top here. But there's still waves to plot... So patience mode for now !
If this one happens to be validated with a huge bearish candle within the next few days... then don't expect buyers at the low channel point... Bullish trap means that there will be a bearish extension beyond that low channel bound.
Following on from the monthly chart sell zone identified, it seems like we now have a bearish setup showing up. It's still quite early to anticipate the retracement path but here is a very likely one. It suggests that we could have a nice bearish wave on wave 3 but nothing quite like a -5% drop in a single day ! So don't expect these kind of things to happen...
Sinewave and Momentum are both having hard time to trigger signals here because of ECB press conference stimulus that has driven sharp and faster price movements. Anyway 3641 is a key level that I had on my charts for weeks. We're testing it and as it corresponds to the final wave of a potential expanding triangle structure, that would be a shame not trade it and...