The chart I have presented you is 1H. But, If you will look on the Daily Chart, there is a Bullish Convergence between the high in July and the high in August.
The high in July was created by an impulse of 3 waves, a strong bullish sign, and the subsequent drop was rapid and currently consists of 2 waves.
The drop may not be over yet, but at the 50% retrace,...
In two of my previous ideas, I have called for a drop in Oil. The first level came at 52, and with the break of that, a far more decisive level came at 53.0
Oil has refused to close above 53.0. We had a massive bearish candle on the daily, and now the price rockets down.
I believe this is the beginning of a bearish trend. If I am correct, and this top...
With the break of the Trendline, Short Oil vs 53.00.
Two previous bottoms have come into alignment just below the 53.00 level, and on the 4H chart we finally see the creation of lower lows and now a retrace.
Short Oil with the break of this trend line vs the 53.00 level.
The EURUSD had serious potential to retrace from around 1.157. Instead, however, it has surged through 1.16, and, in doing so, broken an important level.
These moves are coming mostly from a surging EXY (Euro Index) which matches closely with the current upward trend of the EURUSD. It is aided by a declining DXY (USD index), which has been amplifying the...
I fully expect the CXY to continue to rally. Long term I expect it to hit 90.
There is a possibility it could make a top around 79.6, decline a few points, and then continue its rally later.
But should it break 80 without any regard for the level, I believe a target of 90 is more than feasible, and may be reached in a quick fashion.
Should this momentum...
Since GOLD's double top, It has completed a decline of 90 points and broken the downward trend with a large Green Candle.
I expect this pair to Rally toward 1275. It may have more room yet after that, but 1275 is the first Target.
The GBPCAD is now down 1500 pips since its top around 1.785 on May 5th earlier this year.
Pay attention to this level as well as as the level another 250 pips below. Both of these areas have a strong possibility to produce a bottom.
Now, EURNZD has declined 800 pips since its top 4 weeks ago. The current price of 1.54 is ideal for the creation of a bottom.
The pair has declined in a perfect 2 waves which have reached the 100 level duplication.
Due to the timing of this bottom, should prices rise from here, we could enter a new bullish trend of 700 or more pips.
Build a long position...
This pair today reaches critical levels for creation of a bottom.
The decline since the 9th of May now totals 700 pips or 7 yen per pound. This level is ideal for the creation of a bottom and we should see a bottom created in this area.
After GS top of 255 This Winter, It now approaches a critical target price of 205$. Today it trades at 213$ a share.
GS is a buy at 205-204, however, if it slips below 200 and holds at 199-198, then we will likely see a decline of at least another 15 points, likely finding a bottom around 185 or 178.
IF it does not find a bottom even at 178, we will likely see...