jhgcfmkl

jhgcfmkl

See chart for annotations and entry parameters

jhgcfmkl

Long and strong uptrend for the past year, most corrections during this time have been minor. This trending price action and long entries can continue until lower highs and lows appear, only then can we say a larger retracement underway. Gold has exceeded previous all time highs around 1920 and broken through 2000 level but is now back below. Past few weeks...

jhgcfmkl

Moving up strongly, may pause at current levels. It's a riskier asset class as again we're not looking at a slow, steady trend. Gone between 300 to 1400 to 80 in the past few years in a Draupner wave type pattern. Less historical data gives less support and resistance information so we must rely more on Fibonacci levels. Price is around a significant Fib level...

jhgcfmkl

See chart annotations. Has been bullish on Daily chart since possible bottom in March. Watch to see if this continues up to 5.5. This level would need to be cleared though before a longer term bullish position can be adopted.

jhgcfmkl

It's a riskier asset class as we're not looking at a slow, steady trend, this has gone between 200 to 20000 to 3000 in the past few years in a Draupner wave type pattern. Less historical data gives less support and resistance information so we must rely more on Fibonacci levels. Price is almost at a significant Fib level now on the longer term charts and with all...

jhgcfmkl

Bullish break of resistance with MA cross on weekly charts should see further upside. Large bullish candle posted on monthly chart gives long bias. Price turning over daily chart however. Wait for completion of corrective behaviour for long entry around 1.15, stop at 1.13 (-1R), target 1.21 (+3R) which is Fib level on monthly chart.

jhgcfmkl

NASDAQ moved up past few days but within a two week range around 11000. The uptrend is very strong on multiple timeframes but may be worth waiting for a break through such a big number to resume long entries on the Daily chart.

jhgcfmkl

FTSE DAILY SHORT - dropped yesterday and today with significant break of 6000. Sell into bearish close, support of previous weeks broken. Higher time frame Fibonacci levels around 6200 have held. Moving averages crossing downwards, MACD Histogram falling and Stochastic giving sell signal. Oversold now so may bounce to 6000 but this may well act as resistance and...

jhgcfmkl

See chart annotations. Breaking through resistance. Price action moving up from potential bottoming pattern.

jhgcfmkl

See chart annotations. NASDAQ posting new highs, strongly trending

jhgcfmkl

See chart annotations. Monthly and weekly downtrends retracing. Uptrend on daily failing at resistance. Range trades possible on 30 min until direction clear.

jhgcfmkl

See chart annotations. Monthly and weekly uptrends are long and strong but not at best buying points. Daily uptrend now correcting. Wait to see if this correction is already almost over OR will be longer, if weekly starts to retrace. There will be range trading opportunities on 30 minute chart next week until clear direction resumes.

jhgcfmkl

See chart annotations. Turned over at higher timeframe resistance.

jhgcfmkl Updated 

See chart for entry

jhgcfmkl Updated 

Analysis using multiple tools across multiple time frames. See chart for annotations. Very strong bullish price action across multiple time frames.

jhgcfmkl

Using multiple tools. Upward move of last few months turning over potentially. 6000 level hold or break is all important.

jhgcfmkl

Using multiple tools. See chart annotations. Up move of past 10 weeks on Daily currently at higher time frame resistance. Wait for break before resuming long entries.

jhgcfmkl

Analysis using multiple techniques. See chart for commentary. Continue to take long entries until reversal emerges on hourly and daily charts.