Cryptic Traders, BTC came out of a bear Cypher and straight into forming either a bull bat or a bull cypher with XAB and possibly C (if a bat) completed. See RSI in over bought territory suggesting more BAT. So a break of the trend line (red triangle line) could result in a move down to $789. A break of $1075 could see a move to $1158 before a retracement to $839.
The dollar is extending a arm. Literally. I am thinking 101.60 to test resistance line and if holds a move downtown towards 99.30 in anticipation of Janet's decision. Probably something to bear in mind over next few days.
Traders. The SPX seems to have broken trend and retested to form a bearish Garthley. See green lines for T1 and T2. Potential to go further.
Hi Traders, this pair are directly in the D leg of the cypher. T1 is 382.
Traders, I am being controversial here. I see a potential cypher forming with XAB conditions complete. The pair could now be in C leg. See chart. Leave comments. Chart published for training not for you to make important trading decisions. I will upload my weekly chart which suggest possibly testing 74 levels.
So Traders, we could see retest at $1240's. rsi has just popped through over bought territory so there could still be little room for upside to 1240. Now if we see a move from the resistance below 1230 could be a potential sell opportunity. Reminder. This is for training not trading are financial advice. If you agree or disagree leave your feedback/thoughts. And...
Okay, so after a 1-2-1 with my friend FreshOil, the week projection for UJ is 110.54 for leg C and 114.35 region for D leg. We seem a previous move before this.
Hi Gold Traders. So the question on everyone's mind is where is gold heading next? Based on my analysis we could see $1056 next down into structural support. I know not good right? Hopefully I am wrong. Time will tell. As you all know my charts are for training not trading so if you lose your house I am not to blame.
Hi Cryptos, so we see the Head & Shoulder holding course after breaking the neckline. The recent retracement to the neck line have highlighted a new cypher pattern forming. X,A&B have already formed. If this continues we could see C leg completing at $1158 before heading down to $838. That would be great for you guys right? Let's see. Time will tell.
Dear Traders, potential buying opportunity if resistance holds. Have a look at the chart. Safe trading always.
Hey Traders, AUDUSD is converging 3,4,5 to be completed.
Hey Traders, NZDUSD has broken trend for down side. See chart below. T1 .5 fib.
See chart. A pull back could result in a buying opportunity. Thight SL in case market move the other way.