jeannek

Gold (Weekly) @11 Nov 2015 On the mid-term outlook, Gold is at the final phase of its major downturn from all time high of 1,900 (year2011). Price is forming an Ending Diagonal - typical wave5 pattern following significant downmove or extended wave3. A closer examine of the ending diagonal structure shows that a potential Final Down-Leg (lower degree wave_v) is ...

Price hindered by 1.720 level - lower band of the initial predicted 1,720-1,750 Resistance Region. - Probably due to the Fed's Oct 28th decision of keeping the rate unchanged --> Bearish to export-oriented Asian countries. - Price has since plunged a hefty 3% or 50pts, from 1,720 to recent low of 1,660. - There are both psychological (50pts plunge), & technical ...

Looking for a Short entry around 1,750 region to ride on the wave C continuation of underlying major downtrend from 1,900 all time high.

Looking for potential retracement high to Short the indices, with my main focus on DIA currently. DIA staged a nice ABC-wave rally recovering from major pivot low of 150.5. Currently looking ripe for a continuation of the underlying major correction from 183-150. The 175-176 region is ultra significant, comprising of: (i) previously surrendered H&S neckline, ...

- shall see temporary weakness as KLCI failed 1,720 resistance test last week. - R@1,720 further strengthened by Shooting Star candle pattern on Daily. - Index previously broke below a 3year-old slanted H&S; pattern. - H&S; Neckline (now a strong Resistance) currently lies around 1,700 mark (as marked by Grey UTL) - is tested on Oct 02 & HOLDS. - Immediate R1 @ ...