LONGER TERM There are a number of fibo reasons to expect 12/12 to be an important date in usdjpy. The Gann Sq setup I have been watching suggests that a top ~ 118 on that date makes sense. I note that a rise to 118 by 12/12 would have a number of harmonics. Price rise since the June low would be ~ 29^3 (29 is a lucas number). Also the number of bars on the...
A long period of distribution is about to end, imo. There is no real support for a long way down, so this could be quite a show. Happy trading!
There is an interesting time/price harmonic in eurusd (perhaps) coming, if/when price falls a bit more. See chart for details...
A break below the triangle likely means the next wave of selling will begin in earnest.
The banner illustrates my reasoning - good luck traders...
For a number of reasons indicated on this monthly chart, the rally in this pair has likely ended. Next month is the 21st month since the high, so it will likely be an ecceleration point. Downwards, I believe.
I see the S&P ETF going up another 10% in the next 6 months, despite all logic saying that is impossible. There is a time fibo accordion in place, whereby the monthly chart is showing that 144 bars, 89, 55, and 34 bars are each landing on the same time zone, early in 2015, when anchored to significant highs and lows of the past. A combination of pitch fan and...
Feeders monthly has reached the top of a fibonacci accordion. It is poised for a break, imho...
I seem to be seeing 5 waves down, and 3 up on the 15 min chart -- is a wave 3 down about to start? looks like it
You should know what THAT means.... The correction which (imo) is imminent will be correcting the entire advance from 65 in early July. So, it should be a "good trading opportunity"... happy trading...
Probably about to revisit the lows set last week ~ 175
I count 5 waves up from the 175 low, followed by an ABC down. So, by my count, wave 3 (of 5) should begin quite soon. Wave 3's are often rather exhilarating, so, if my count is correct, grab yourself some popcorn and enjoy the show.
Now that I have a confirmation that we are indeed in an uptrend once again, I want to make a long range forecast of price and time. I lust want to make a public record. Either I get a bit of egg on my face, or perhaps I get an invitation to appear on CNBC with Jim Rogers :-) So in any case, a month in advance, my forecast for the next top, not necessarily...
at least a short term reversal is likely here. We have a 1/8, 1/4, and 1/2 relationship in price on the chart since 7/5 until today, at 231
The market is back at the top of the channel. The last time it was here I published the belief that the market was going to fall, and fall hard. The next day the SR debacle occurred. (Some feel that was just a coincidence...) Now, I am not so sure. I did not expect the market would get back to this trend line. But it did. There are lots of indications that...
This correction will last until ~12/18 and take us down to lows last seen mid April ~51. I suspect that there may be 1 weak push up between now and 10/5, taking us no higher than 146. But in any case, by 10/7 it should be clear that the a correction is at hand. My suggestion is to keep your powder dry, because this will likely be the last move down of the...
This has been an exasperating, hard to follow, ABC from 65.. I have been wrong more than once in my thoughts as to when it would end. Having said that, it looks like we will not see a high above 111 before this correct (finally) ends. I have tried to publish charts with arcs on them before. They usually get distorted. If this gets distorted as well, I will...