I think it's becoming more and more clear that copper sells could extend into the last quarter of the year. Corrective wave 4 seems complete at 0.382 of the second Minor wave count and price is currently in an impulsive bear wave of a lower degree. We should therefore expect Copper prices to plunge to $2.96/lb(-15.4% decline) with some minor bullish price action...
Amazing short setup on Gold Shared in April. Down nealy 3,000 pips and 90% trade setup complete. Original idea in link below
My forecast on DXY is now complete. Please see link below for original idea If you like my ideas, please leave a like or comment below for more updates.
In April, I shared my show idea on Copper with 2 main target levels. I am glad to have seen this play out as expected. Here is the link to my initial idea Please leave a like if you would like to see more ideas from me.
The USD/JPY is currently at levels last seen in 1988, the second correction in the upcoming bull run is complete, and more dollar strength may be ahead. Although this is a strong resistance level, I think price may break through to levels around 157.78 as a first target. This would represent an equivalent length of the first impulsive wave that started in January...
Firstly, historical trends on Copper price are extremely important to understand. As we can see from the chart, Copper has been in an ascending channel with an 8% trend angle since 1988. In March 2020, a well-developed bullish triangle ended a decade of corrective action. Corrective waves of the same degree are more closely related to each other than impulses are...
I think we may expect an impulsive wave down to wave 3, USOIL is signalling bearish moves to come over the next few days / weeks with price hitting $72/barrel when the right fundamentals come into play. Good luck trading.
We have seen an impressive bull run on Copper and Copper stocks over the past few months, my calculations / analysis shows that this may now be coming to an end and we should expect a short - term sell off on Copper and Copper stocks in the next coming weeks. Copper (XCUUSD) will be entering a correction in the second quarter of 2022. At the current price,...
On the H4, there is an ascending channel and I think we may just have began impulsive wave 5. I'm looking for a more upside on US30. Good luck trading.
I would like to share a combined sell setup at CMP and an additional sell stop entry at 97.80. The sell stop has 3 take profit levels as seen in chart while the CMP entry also has 3 different take profit levels. Please let me know if you have a similar idea or leave comments below. Thanks for checking!
I am sharing an idea of my trade setup on AUDJPY with a target of +800 pips to the downside.
Here is my buy setup on CHFJPY. Price retraced .50 fib zones, assuming the correction has come to an end, I will take my first long positions here and add buy stops at 129.6. Goodluck trading
BITCOIN seems to be completing its 4th wave on the daily timeframe. We can clearly see a 5 - 3 - 5 corrective wave pattern with price currently correcting wave C of (4) and is also in a daily descending channel. It will be wiser to wait for first impulse (wave 1 of (5)) before considering BTC buys. In the link below is the forecast shared when BTCUSD started...
US100 has hit my expected first target level at 1.618 (14784), down almost 10,000 points from last forecast and has now approached the support zone. We could expect some price consolidation in this zone. I am now closely watching the price action to lookout for potential reversals or continued break to the downside. Please check initial forecast below. Goodluck trading.
US100 has broken out from its daily ascending bull channel in what we can expect to be a short term correction. Also, price has broken through the previous support and is now heading to the new support level, we can expect reversals around 14,500 to 14,300. I will continue to monitor price action to give an update on the validity of my bias. Good luck trading.
First Quantum Minerals shows an interesting long term chart pattern. On lower timeframes, FM completed its corrective wave (2) at 50% of the fib retracement and price has broken the terminus of wave (1). This provides confirmation that an impulsive wave (3) in now occurring and we could expect the next target levels. 1. CAD$ 58/share 2. CAD$ 74.45 Disclaimer:...