The price breaks out of my elaborate trendline structure. Only time will tell, it will eventually reach one of the trendlines, won't it? :-)
I'm seeing repeating patterns and correlations here, and that purple projection has been holding so far. Well, it's a possibility, isn't it? Short Term trade day by day.
This is a projection of a previous bounce off a significant support with similar characteristics. Working out quite closely so far. Long in long term, in short term use short term signals.
Will it get to 21500 and by when? It's a 200 EMA
Is it going to make a 3rd point to validate my fib channel? Just noticed this...
Update on XAUSD Monthly
Long Term Trendlines Appear to be indicative of Trend Change in DJI aka US30
i keep losing this information. this should surely auto-save itself?
How do you trade this? A market neutral strategy? It's the only fib that makes sense to me on this time frame. and being stuck on 0.618 isn't particularly bullish.
usoil to dip to 55.69 then up to 63.69 this is based on projections which i turned off for publishing the red squiggle is the price level I derived and it was spot on. so now i wonder if this also be spot on. anyone else have ideas about this?
Of course, the projected future waves are pure speculation and I'm not expecting any patterns to repeat themselves exactly. There do exist, however, 7-year and 13-year cycles in the market that deserve consideration and further research, considering the similarities I believe to be showing quite clearly in this comparison. I have made an effort to simplify this...
Performance table from May 2013 - Oil, Palladium, Wall Street, Platinum, Copper, Gold, Silver in that order. Should be self-explanatory. I would be interested in any educated conclusions.
Palladium overtakes Gold. Platinum gets the bronze medal and Copper is 4th
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014