Wolf

Wolf

The first leg seems to be finally broken and bouncing into the horizontal support line to create the famous head. After finishing with the head, we see how it attempted to go up and it stopped right after hitting the last resistance line of the leg, creating the famous pull back. When we see an incoming bearish leg, we have to see how the first downtrend is...

Wolf

In my previous idea, I published how the CHF/JPY has reached important fibonacci levels. First it retraced into 61.8% and then I showed how it got bullish a 100% from the same previous fibonacci retracement combined with a resistance long trend line which didn't broke and it seems like momentum is slowing down. Now i show another different perspective: The...

Wolf

IMPORTANT NOTE: I MADE A MISTAKE. I DIDN'T PUBLISH BOTH CHARTS. THE CORRECT MULTICHART IS REPOSTED IN MY NEXT CHART. PLEASE FOLLOW UP THE OTHER ONE. SORRY FOR THE INCONVENIENCE.

Wolf

There is a marked long trend tendency with similar resistance and support lines. Inside that, we can see how the bullish price is strong and has had a retracement of 61.8%. Both fibonacci are exactly the same, and as we can see, the story seems to repeat. We can also see how both range have exactly the same % with very similar price unit ranges.

Wolf

A nice iphone 6, new ipad and a beautiful retina 5k mac accompanied with a very good earnings report. What a fantastic party! But right now the trend is reaching top and hype is getting over. Party was good though!, but there are time for other things as well.

Wolf

Despite the awful conditions that might look at silver, it's brother the gold, which has very similar correlations, has still some support trends that might defend a not probable, but possible retracement. However with silver, it is safer that it will at least try to get into a deeper support level.

Wolf

Nothing much to add here. This pair didn't find a recover and it's heading towards the next support line.

Wolf

If shorts cannot explain the bullish rally, the longs are your ally. In this case it broke the multiple perspectives of trends. It broke, it bounced, it broke down another trend and then it bounced again and after all these fights, it finally broke up everything with a desperately spike of freedom. And who was the hero this week? Bank of Japan. No wonder why it...

Wolf

In a situation like this, we have to see what trend it follows. In this case, it broke, it pulled back, bounced and it's now at the resistance line, this is where the decision is made. If it breaks, we confirm a bullish trend and will try test the next resistance line at 1.6523. If not, it will test the bottom, since it would break the current up trend and will...

Wolf

EDIT: THIS IS NOT AUD/JPY. MADE A MISTAKE IN TITLE'S NAME. I APOLOGIZE. ANY MOD CAN DELETE THIS CHART. NEW ONE WAS CREATED.

Wolf

Classic setup. If it attempts to break the 1st level resistance line, it will try to go to the 2nd level. Otherwise, it will test support line to either make a double bottom, or break further down.

Wolf

Days ago, it attempted to go down into the trend line but it failed to pass through a support line and created to what it looks like a double bottom. After that, it broke the trend line, but it returned back to the trend making it a false alarm. Right now, it is in a place where it can break down or up. If it goes down, it will try to test the double bottom to...

Wolf

Despite what many think, long term support and resistance trend lines have been perfectly symmetric and not broken. So, there is no reason to panic. The trend lines showed are cloned. They have the same angle and the price has respected the trend without any false alarms. However, for investing, I don't think it's an appropriate moment to trade, as it might can...

Wolf

Each block represents a consolidation range, in which the limits touches the support and resistance from the neighbor blocks. February - April price went up, 1 block of euphoria, 2nd block, 3rd block of consolidation and then a perfect 50% retracement. Fibonacci broke up then, and what happened? Same story. 1st block of euphoria, 2nd block, 3rd block of...

Wolf

We can see a clear triangle pattern. However on this side, On the resistance, it is by a trend with a smaller time interval than the one marked as resistance (blue lines). But this is an important zone because the trend that has been notorious from the past months has reached into an important horizontal support line at 1.404, and as a response we saw a bullish...

Wolf

Head and Shoulder Pattern. The AUD/USD has several horinzontal support and resistance that had been respected. The price value has been on top of what it seems to be a breakout correction and an attempt to break the left shoulder, but with this failed attempt, it doesn't look like it has force to continue up.

Wolf

Recent trend line between March and July highs have failed to go into correction, and I really see an overvalued price into NAS100 at this moment, specially compared to other indexes like SPX500 where even if we see it overbought, it respects the very ordered trend line and going in corrections at the expected and speculated times where most investors would...

Wolf

Recent trend line between March and July highs have failed to go into correction, and I really see an overvalued price into NAS100 at this moment, specially compared to other indexes like SPX500 where even if we see it overbought, it respects the very ordered trend line and going in corrections at the expected and speculated times where most investors would...