chartwatchers

chartwatchers

The Virus had set the stock cycle quite accurate in the last 2 years. It seems we have 2 intermediate cycle low in a year: 1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL 2020.03.23. 2021.03. 05 . 2022. 01 .24. 2. the other one is...

chartwatchers

The Virus had set the stock cycle quite accurate in the last 2 years. It seems we have 2 intermediate cycle low in a year: 1. one of them is very severe and it comes at the beginning of the year ( highlighted by red arrow) This is also a yearly low and drops close to the previous year's normal ICL 2020.03.23. 2021.03.05. 2022.01.24. 2. the other one is "just"...

chartwatchers

A short summary what's happening in the stock market - as I haven't posted for a while. 2021.10.04. - an intermediate low was printed 2021.10.04-2021.11.22 we had our first daily cycle : it topped at 16.775 2021.12.03 first daily cycle low in this intermediate cycle at 15.550 So right now we are in the second daily cycle in this IC . The challenge is to break...

chartwatchers

The daily chart of the EurUsd is clearly in a symmetric triangle. As the stock market is trying to correct in the insane money printing the FED will not have too much chance after the last FOMC meeting's comments - They will reduce their asset purchases quicker than anticipated- than weaken the dollar. Today at the trendline they have a very good chance to bounce...

chartwatchers

On the daily chart's bull flag silver dropped enough to tag the lower trendline. In yesterday's trading price tagged it and today it's bouncing hard. When we break 28$ silver will rally to attack the 30 $ level again. I think this summer we finally break out of the ascending triangle:

chartwatchers

1. Timing. If this is the 2nd daily cycle of this intermediate cycle then we are on day 54. If we are still in the first it's day 71... The cycle will not let the price to drop too much from here maximum 1-2 day. 2. Bollinger bands. Price dropped so much that it closed out of the Bollinger bands: We can't stay out of...

chartwatchers

Sellers tried to break the Monday low and succeded. We broke the 200 SMA on the daily chart. I don't want risk to get left behind : many times smartmoney enters at the break of the 200 SMA. We need to see how we close today: a close above the 200 SMA is a good sign the bottom is in. Also watching the hourly chart: If we...

chartwatchers

This is not a long call yet just a preparation for an entry at the bottom. Last week we lost the 10 SMA. I jumped out too early of my short trade last week : but never forget we were stealing money from the bull. When we hit the DCL this week gold, silver , miners and the whole PM sector will print a very powerful rally. This is the second or third daily cycle of...

chartwatchers

I would like to share what I see regarding Bitcoin. I'm not trading it right now but my system is is still showing a sharp decline below 10.000 and below 5.000 in the following weeks. Last week we finished printing a symmetric triangle what broke down yesterday. The symmetric triangle is a continuation pattern , I highlighted the target price what is not funny at...

chartwatchers

As you might know Hungary is at the 2nd place in Covid vaccination in Europe. As we reached the magic 50% - rate of the vaccinated people in the population- the USDHUF broke and important level : 290 . It looks now we printed an intermediate bottom - or at least a DCL - and now as the dollar is coming out of its DCL the USDHUF will rally again. ...

chartwatchers

I suggest to trade the daily cycle decline in gold in the next 2 weeks. Minimum target : 1841$ (200 SMA and BB basis) Maximum target: 1787$ (50 & 100 SMA) Time range : Short has to be closed the 9th of June the latest. Indicators: MACD crossover SlowStochastic leaving overbought RSI 6 leaving overbought TSI crossing over After a successfull rally out of the...

chartwatchers

You must be prepared for a move in silver to 22$ in the following weeks. We are still in the range between 22 and 30$. We've just wasted too much time going nowhere. Based on the gold chart's cycle count the tag of the bottom of the range could be at the end of April.

chartwatchers

Silver is trying to break above the 20 EMA on the daily chart today. The dollar took a big hit after the FOMC meeting today and after the weak bounce we had during the past few days it's turning down again. I think the weak dollar will be extremely good for gold as we are starting the new intermediate cycle: ...

chartwatchers

XAUXAG is consolidating in a symmetric triangle around the 2016-2017 correction zone. The symmetric triangle is a continuation pattern. When it breaks we are When it breaks we are going to test 56,8 and later 50,3. The measured target of the symmetric triangle is around 42. If gold rallies to 2300-2400$ and the XAUXAG drops to 42 at the same time silver will...

chartwatchers

2 weeks ago I stopped my gold long position at the break of 1765 and we dropped 100 $ more in a panic selling mode in the first 2 weeks of March. I wanted to wait this Monday's trading as last week shorts tried to turn the gold market down from the 10 EMA . The attempt failed and today we are...

chartwatchers

Time to join the bubble again. We have finished an intermediate cycle : - price broke the FIB 50% retracement at 12.415 - RSI had left the oversold territory and printed a nice divergence -MACD is trying to cross over - At the final ICL price broke down the 100 SMA and almost tagged the 200 SMA Yesterday price just...

chartwatchers

"Marubozu : a japanese candlestick formation used in technical analysis to indicate a stock has traded strongly in one direction." Yesterday the EurUsd was trading in one direction whole day : down. I noted yesterday in the gold post , that very possible the EurUsd will bottom at the 100 SMA as this daily cycle is already very mature. Today the EurUsd was...

chartwatchers

This call is based on yesterday's key reversal and the confirmed swing today. I don't want to make this too complicated because as you can see Trump left Biden arrived but one thing is not changing : and this is the stock market rally. Will it last forever ? Of course not . Biden will end this bull market in a year. But until that let's enjoy free...