Both in terms of RSI/ MACD and the way the price trades on the 4H MA50 (blue trend-line) and the 4H MA100 (green trend-line), S&P500 appears to be replicating the late April - early May fractal. After a bottom on the Support, the price rebounded just below the 1.382 Fibonacci extension. That is currently just below 4270. I believe that following tomorrow's Nonfarm...
The DXY has just formed a MA50 (blue trend-line)/ MA100 (green trend-line) Bearish Cross (BC) on the 1D time-frame. This alone has mostly been a sell sign in the past 4 years. What I am particularly more interested at is a similar occurrence I spotted on the fractal from 2017/ 2018. The USD Index was trading on a 1 year Channel Down when the 1D MA50/100 BC took...
The title really tells the whole story. May has seen the worst monthly (1M) candle closing since November 2018, injecting fear into the market and flushing most late buyers out of it. ** March 2020 and November 2018 ** Some people may argue that the March 2020 COVID fueled flash crash was worse. Even though the March 2020 monthly candle was greater in terms of...
Gold has broken above its 9 month Channel Down two weeks ago and last week printed a 1D MA50/ MA100 Bullish Cross. Now it is ahead of an even more interesting development. Projected courses of the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) show that within a 2 week time-frame, Gold may form a 1D Golden Cross. This is technically the strongest...
Pattern: Channel Up on 4H. Signal: Buy as the price rebounded again on the 4H MA100 (green trend-line). Target: 1.23450 (just below the 1.618 Fibonacci extension). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
That is the question on everyone's mind right now following Bitcoin's -50% crash from April's $65000 top. To get a better understanding I've used the 1D time-frame, comparing the current sequence to the 2019 and 2013 mid-Bull corrections and the Bear Cycles of 2018, 2014 and 2011. * The common characteristic on mid-Bull corrections is that the 1D MA200 (orange...
Following Bitcoin's Triple Rejection on the 1D MA200 (yellow trend-line) which is a negative sign, the price has formed a Triangle (blue pattern) that typically does when it consolidates. The question is what happens next? Well, on the short-term there are various indications that can be used for projections. ** 4H RSI Bullish Divergence ** From late April...
Bitcoin closes the month in 3 days, the worst in terms of losses since the March 2020 flash crash. So far it remains above the 1M MA20 (yellow trend-line) but that alone doesn't tell much. There is though a parameter on the (very long-term) monthly chart that we haven't looked into. As you see on the chart, every Bitcoin Bull Cycle ends with the Monthly RSI...
Pattern: Channel Down on 1D. Signal: Sell once the Support breaks. The emerging 1D MA50/MA100 Bearish Cross was last seen on June 16, 2020 and formed a top. Target: 87.000 (just above the 1.618 Fibonacci extension). Most recent DXY signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me....
Pattern: Channel Up on 1D. Signal: Buy within the 1D MA50 (blue trend-line) and the 1W MA50 (yellow trend-line). Target: 3.350 (just below the -0.236 Fibonacci extension). Most recent Natural Gas signal: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Important development for EURUSD which after a strong 2 month rally (April - May), it is close to forming an MA50/ MA100 Bullish Cross on the 1D time-frame. Last time that pattern emerged was on June 16, 2020 and after a pull-back to the 0.618 Fibonacci retracement level, the price formed a bottom and rallied to the 1.5 Fibonacci extension level. That rally...
Even though the title focuses on the Inverse Head & Shoulders pattern that has been formed, I will make this a multi time-frame analysis as there are various important developments we need to look into and consider for Bitcoin's trend. ** Inverse Head & Shoulders on 4H ** The main chart is on the 4H time-frame where the Inverse Head & Shoulders (IH&S) is most...
Pattern: Descending Triangle on 4H. Signal: As long as the Resistance Zone stays intact, sell (A). If broken buy (B). Target: (A) 62.50 (the 0.382 Fibonacci retracement level), (B) 68.30 (the 1.618 Fibonacci extension level). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Channel Up on 4H. Signal: Buy on the next 0.618 Fibonacci retracement level pull-back. Target: 4350 short-term (the 1.5 Fibonacci extension) and 4450 long-term (the 2.0 Fibonacci extension). Most recent S&P idea: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Pattern: Fibonacci Channel on 4H. Signal: Buy as the index seems to be replicating the February/ March 2021 fractal. Every pull-back on each Resistance (R) is a buy opportunity. Target: $35100 (Resistance (R)2) short-term and $35500 (the 1.382 Fibonacci extension) long-term. ** Please support this idea with your likes and comments, it is the best way to...
Gold (XAUUSD) is not secret that it has turned very bullish on the long-term. I've been mentioning since late March/ early April on a series of ideas that after the Double Bottom on the 1675 Support and the emergence of a 4H Golden Cross (MA50 crossing above the MA200), a Channel Up would develop: A new development though is emerging on the 1D...
On this study I will look into one of my all time favorites, the comparison of Bitcoin's cycles and how they way they converge or diverge from each other can give a meaningful interpretation of current movements and a projection of future price action. In particular my focus will be on the current Cycle (the 4th historically that started on December 2017,...
On this study I display the whole Bull Cycle of 2019 - 2021 on one single chart using the Pitchfork tool. This illustration is important in order to put into context where we are now following the downtrend of the recent weeks and in particular the flash crash event of the current one. ** The Pitchfork of 2019/2020/2021 ** As you see I plot the tool (on the 1D...