There are some interesting clusters of price and time barriers coming up for gold in the next few weeks. It's worth being aware of where they are and what they might mean for the gold market. The first significant point is derived mainly from the range between the interim low labelled B and the high labelled C. This is a daily chart. Consider the following...
Support and resistance are converging for brent oil . In the coming days, it will be forced to break out either to the upside or downside. Subsequently, a strong trending phase could ensue. Following the volatility after the Saudi attack last month, brent oil retraced back to prior support around $57.40, as shown in the chart. Support around this area comes not...
Support and resistance are converging for brent oil. In the coming days, it will be forced to break out either to the upside or downside. Subsequently, a strong trending phase could ensue. Following the volatility after the Saudi attack last month, brent oil retraced back to prior support around $57.40, as shown in the chart. Support around this area comes not...
Bitcoin is in a consolidatory phase. The green box filling most of the screen represents the consolidation zone. This is what Charles Dow would have called a "line". He said these are the only consolidatory formations which should be traded because the oscillations between the upper and lower boundaries carry potential for profits. This market is oscillating...
Bitcoin is in a consolidatory phase. The green box filling most of the screen represents the consolidation zone. This is what Charles Dow would have called a "line". He said these are the only consolidatory formations which should be traded because the oscillations between the upper and lower boundaries carry potential for profits. This market is oscillating...
The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing. The following Analysis Points (APs) will guide you through some of the...
The German DAX has retraced into an interesting cluster of support which is worth being aware of. Recently, the market has risen into a consolidatory phase which produced a triple top. The third top was followed by a sharp retracement and that’s where the market stands at the time of writing. The following Analysis Points (APs) will guide you through some of the...
There's a lot going on in this chart so let's take it step by step. This analysis is built on the markets' astounding degree of geometric unity . This analysis is also an analysis of future time and price levels. I believe this tyoe of analysis is the most valuable because it provides an opportunity to anticipate how the market may react to a particular event...
There's a lot going on in this chart so let's take it step by step. This analysis is built on the markets' astounding degree of geometric unity. This analysis is also an analysis of future time and price levels. I believe this tyoe of analysis is the most valuable because it provides an opportunity to anticipate how the market may react to a particular event...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
Vodafone ran into a solid confluence zone of resistance in Friday. It has since retraced over 5%. Today it fell over 2.3% and, crucially, it fell below the 1:1 trendline on the Fibonacci Fan shown. This is important because this trendline has acted as the greatest source of support throughout this uptrend. In addition, there has been a bearish divergence on the...
After breaking out of the consolidation zone, bitcoin did retrace back to 8193. This is nothing to worry about...yet. Whether or not the market returned to the consolidation zone is open to debate around where exactly the consolidation zone begins. Readjusting for new price information, it's reasonable to consider the top of the zone at the level the market...
After breaking out of the consolidation zone, bitcoin did retrace back to 8193. This is nothing to worry about...yet. Whether or not the market returned to the consolidation zone is open to debate around where exactly the consolidation zone begins. Readjusting for new price information, it's reasonable to consider the top of the zone at the level the market...
As expected, bitcoin did follow the lead of other cryptos in breaking out of the consolidation zone shown in the green box. This had followed a relatively prolonged and violent downward trend phase. Now it's broken to the upside, what happens? Firstly, question whether it has actually broken out. There may be some interpretational ambiguity as to where exactly...
As expected, bitcoin did follow the lead of other cryptos in breaking out of the consolidation zone shown in the green box. This had followed a relatively prolonged and violent downward trend phase. Now it's broken to the upside, what happens? Firstly, question whether it has actually broken out. There may be some interpretational ambiguity as to where exactly...
As we suggested earlier today, Ethereum broke out of its consolidation zone to the upside. It managed to close above on the 4-hourly which is significant. However, it was not able to close above the 0.382 retracement level. It did exceed the level briefly before reversing below in the candlestick which is yet to close. If the Fibonacci level is strong enough as...
As we suggested earlier today, Ethereum broke out of its consolidation zone to the upside. It managed to close above on the 4-hourly which is significant. However, it was not able to close above the 0.382 retracement level. It did exceed the level briefly before reversing below in the candlestick which is yet to close. If the Fibonacci level is strong enough as...
Iota too is coming to the end of a consolidation phase. If you follow the Quantium Research account, you'll know that Ripple became the first crypto to break out of the consolidation zone earlier. This is an indication that other cryptos, including Iota will be soon to follow, although that's not certain. Iota's consolidation has been different to some others...