This chart provides a general view of what gold does right after the new year has started. For the exception of 2013, all new years start with a move up. The dates are marked in yellow vertical lines and the bottom price to the immediate top is in red numbers (1000-1200, example). I have not marked the immediate ...
This chart provides probable market behavior given current market behavior, interest rates, and other factors such as presidential elections.
I am expecting a down turn during the next week which would last until late February and another leg up in SPX until the final ...
Patterns form on these charts. We often see them as unique or non repetitive. However, the patterns repeat. Often replicating years old patterns in smaller time frames or much shorter duration of time.
I have marked with Fibonacci Time zones special points.
The boxes with color represent the same move. ...
This is an 8 hour time frame chart.
Possible scenario after failed attempts to move up. The moving averages were left behind, so there is no support to hold the price at higher levels. Currently, the BB bands have been pushing the price down.
Today, the BB bands ...
Just an update. We are currently using the 200 moving average as support for the new weekly candle. It is also found on daily TF.
On 4h, it is the 150 moving average.
The results are usually big move up.
https://www.tradingview.com/chart/3AbgIaEW/Continuation of idea...
Despite positive GDP, gold continues to move up. Market sentiment low.
Targets on right side. TF unknown. Perhaps the wick shows the way...
Targets in right side.
The following chart describes the Fibonacci levels that are current. The green boxes identify similar consolidation pattern.
November 25th 2014 was the time of a flash crash as per data found. It is also around the time SPX started forming a round top.
Use IDC ...
A convergence of moving averages can be observed in the 4h chart. Gold has often taken off during a convergence. It is not uncommon to receive bad economic data during the convergence.
First target 1273. Second target 1300. I will update the idea as we go along.
This chart indicates levels at which SPX will travel to in the incoming correction. I have marked only three. I will continue to update the chart on a daily basis once this is set in motion.
I have included two other charts on past ideas regarding SPX and the ...