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10 PM EST 9/18
Long Term : No weakness or long term reversal pattern yet.
Speculation : May hit previous high of 26680 and form a M pattern and come down hard
Short term prediction: Should drop to 45 min support . Negative ind on 45 mins
short term :45 min support , 10 min resistance(15 min hit twice)
Medium term : NA
Long Term :...
10 PM EST 9/18
Long Term trying to come down fro 6hr resistance forming a M pattern
It probably started a down swing with 6,8,10 hr support broken now taking resistance from 6 hr at 2917
12Hr support already hit three times..likely drop quite a bit from here
Short term : Should drop to 45 min support or more ( 30 min support at least) Negative ind on 30...
10 PM EST 9/18
Long Term 12 Hr resistance at 70.60 which is likely push it down
Short term : Should drop to 30 min support at least and 1Hr Likely ... Negative indicator on 1hr , 39 min and 45 mins
Movement range likely 69.51 (5 min resistance) and 1 hr Support ( 2,3,4 hr possible) tomorrow
Confirmed : 3 min negative pattern
Largest tf Positive...
based on my analysis on my own indicators Oil should drop from here around currently at 68.4 to 67.1
This move need to happen by 12PM 27th June otherwise its invalid and short should be closed.
Entry : 68.4
Taregt 1 : 67.6
Target 2 : 67.1
NGAS is at a critical juncture now its trying hard to break above 3 for a while now but failing.
It has been trying to stay above 2.9 level. If it breaks below 2.9 on a 12 hr candle close then I am expecting it will fall to 2.7 level ultimately ... This is based on a complex set of analysis I do and my own indicators which are not public so I could not answer how...
Gas: forming a triangle which will probably break to the upside. I am doing my analysis based on my own King Bull Pro/King Bear pro indicator set.
I am going to take a entry as soon it it drop to 2.67 level before it break the triangle to the upside...
Entry : 2.67 level
Target 1: 2.83
Target 2 : 2.93
Stop : 2.64
There is a major up indicator evolved over last month or so on a very large time frame like 3D , 4D and Week now.. price also bounced at the weekly resistance level atleast 4 times in last 2 years
If this breaks out and weekly wave kicks in ...I see a massive bull flag that may take NGAS to new multi year high...
I know this is a long shot and its so rare that...
Its almost clear to everyone that bit coin is on a negative wave cycle lately. The magnitude of the wave is pretty big 4D to be exact..
The next downward wave cycle which is happening now will make BTC to touch almost exactly 7000 which is a also a big round number with good psychological implication.
However there will be shorter time wave reversal signs in...
I am expecting a swing of 2.9 level in NatGas over next 1 month based on my custom developed indicators. Hopefully it should be before Mar 19 when we see the level. If that level is broken we are in for another 10-20% swing up from there
I normally do not predict too much in future as its not always relevant for my trading strategy as I do not trade on this large time frame... however I have to post this ... Based on my analysis , I expect a significant pullback on a longer term chart...
The magnitude of pullback would be at least to the 1900-1920 level...even lower ...over the period of next...
Based on my analysis and Bull divergence on 30 mins I am expecting an upswing in SPX from here
Entry : 2151
Stop : 2147
TP1 : 2157
TP2 : 2162
TP3 : 2169
Expected timeframe of the trade : 12 -18hrs or less
Based on my analysis we should see an interim tradable upswing in gold
Stop : 1264
TP2: 1295 ( if 1285 level broken)
Expected timframe of this trade : 12 to 18 hrs ( max 24hr)