Trendhopper

Trendhopper

Details On Chart

Trendhopper Updated 

This weeks recovery rally is spluttering, and sentiment remains bearish, FTSE 100 is being held down by the downtrend line and Bulls are getting tired, next buy level is 2775, watch and wait, I would guess that we will hit this level by the end of the week or Monday, I think this will be the low and we will see stocks pick up over the next few months in line with...

Trendhopper

I was expecting a fifth wave, however price overshot the 1238/1239 zone to 1232, now its a long way up for the fifth wave and there are 2 more levels of resistance, so I have changed my outlook and now expect Gold to falter on one of these resistance areas, probably 1243 with a sharp fall next week to 1215 ( A WAVE on longer timeframe). Just my thoughts, trade...

Trendhopper Updated 

We have just finished the 4th wave and the 5th wave is upon us, I expect price to hit 1260, pullback a bit then go for the 1272 resistance to retest the long term trendline, this is the typical end game of a bearish bat pattern.

Trendhopper Updated 

Should be around March 2019, there is a long opportunity very soon if index hits 6686, just an idea but fits symmetrically very nicely.

Trendhopper

A wave finished? , I expect price to go up next week to retest other side of channel around 65 dollars, then the following week I expect a pullback but not sure how far (may retest 58 again) I am very confident price will finish the month (this Friday) above or on the rising support trendline , otherwise all bets are off for Wave B and we are heading for hell....

Trendhopper

The last couple of days gold has made an aggressive move up, which suggests to me that the outlook is long on Gold, at least up until mid-December, to complete a 5 wave in channel formation culminating at 1266 (0.5 fib level), gold miners are also showing bullish breakout tendencies to align with this view, indices showing weakness, I will post my views on DXY...

Trendhopper

Whilst Gold looks like it has broken out (and maybe it has), we also could have the end of a corrective wave (see the channel!) and may be starting the last leg down to 1130/1140 area as per a previous idea I had which is still valid (although my dates were out!). Only a break above the channel will confirm a new bullish trend.

Trendhopper Updated 

REASONS * Tariffs between USA & CHINA comes into effect on 23rd August...... * All Indices are close to record highs and watching for a big fall after the winter 2018 wobble. * Chart Analysis shows break out of long term (2011-2017) downtrend, wxyxz pattern, Z to retrace around 100% of Y at around 1130 area , also a downtrend line retest, then break new high 1500...

Trendhopper

If price hits 'E', it should create a rapid upswing (wolfe wave) to the 1400 resistance

Trendhopper

DXY is bearish , although currently is a corrective 4th wave of a 5th wave within a 4th wave correction of a 5 wave pattern, confusing eh?, I think we may see a head and shoulders (follow the arrows) to finish this phase, I'm seeing an end to this phase around 6-9 April and a resumption of the down trend (wave 5)within the channel. if this analysis is correct...

Trendhopper Updated 

I see one more test at the top of this channel when this bearish Gartley completes at 96.80...I will check price action and buy EURUSD and GOLD at this level...I can't see huge gains on this trade until after the election and we break out of this channel but it may get me on the right of this trade for after the election when dollar will have to decide which way to go....

Trendhopper

This bullish Gartley completed about 2 hours ago...steep downtrend so i am waiting for RSI to be overbought on 4hr...a bottoming formation .and ideally a break of the downtrend....lots of upside potential... A clue for direction of Gold and silver??

Trendhopper Updated 

Buy at point D...

Trendhopper Updated 

Traders .589 retracement...Gartley or Bat??? The Bat says short at point D. The Gartley says we should have shorted already. I will be looking for price action confirmation of a topping formation.

Trendhopper Updated 

5 wave pattern developing in the channel...i'm expecting 5th wave to finish around previous high of .77300, then a double top formation ..short on the 2nd top for potential big gains... ensure price has fallen out of channel and broken support line..will take 2-4 days so don't rush in.....

Trendhopper Updated 

This tasty trade should come on close on Friday........ Reasons to Short Completion of Bearish Butterfly 1.618 ext. price 101.9 Retest of 3 month established downtrend line resistance retest of uptrend resistance Bearish on weekly timeframe targeting 94.7 (618fib) for Take profit SL just above trendline / excellent risk/reward ratio...

Trendhopper Updated 

Whats the difference between a crab and a bat pattern ? ...they have the same measurements...I see a bullish crab developing , others see a bullish bat...for me its all in the structure, a crab is a wider pattern, i can see its eyes looking at me ...hahahaha....I will buy at point D ..but this is counter trend so my TP will be previous resistance at 100.00...