Another Oil and Gas company setup is ready for a potential "double your money" rally. Initial position can be made here. This is long term play which will require patience for a couple years to realize all the gains.
I was watching KHC since it hit news streams with eyes opening 25% drop opening waiting for it to show some strength. I believe daily chart and weekly as well finally giving us a signals to go long or even invest into Kraft Heinz Company longer term. We can see on a chart stopping volume on a gap opening day. RSI divergence on daily and RSI going above 30 today. A...
I think it is time to publish my LONG TERM view on Silver. I believe within next couple of years we will witness a complete sentiment change on Silver as we getting out of depression phase of a market cycle. This change will manifest itself in a great rally to at least peak price of 2016 year which is $21. Later it will gain much more after possible retrace.
Gold has printed a hammer on weekly. As expected, last week stopped the bearish momentum. I believe Gold price will revisit weekly Bat's reversal zone at 1341 at least. So we can try to scalp LONG with care.
Entry is when we break top of weekly pin candle at $1301.
I have identified three targets:
TP1 = $1310.68
TP2 = $1320.68
TP3 = $1341 - automatic exit...
First of all I would like to say that I am BEARISH USDCAD pair LONG term.
This idea is to try to execute a LONG SCALP catching safe portion of retrace move of initial drop from resistance. Or resistance re-test if you will.
I have identified a POTENTIAL bearish Bat pattern and today we broke its B point which allows us to trade BAMM move to...
Euro Dollar pair is printing bullish BARR pattern promising a potential sizable long move once bump phase is completed. BARR is a long term pattern so it my take weeks to complete. Entry points shown on a chart.
While we are waiting for bigger retrace in of a big rally on weekly TF we can try to scalp smaller moves as opportunity shows up.
on 4h TF a small Bat pattern emerging and may give us an opportunity to trade its BAMM move (or conventional double bottom).
Entry is on a break of B point as show on the chart.
Exit is automatic at 1343.
I am bearish gold in...
BTC is printing Adam and Eve double bottom pattern and may produce a sizable rally if $4240 is broken.
This rally is limited by:
a) broken trend line - so it is just re-testing it before further drop.
b) broken descending triangle bottom line at $5800
I have outlines exit points on a chart.
Entry is at $4240 break and re-test.
Keep in mind that bullish trend...
EURUSD Pair is completing falling wedge pattern. The opportunity to go LONG is here on a little black 5th sub-wave. Break of big blue wedge will confirm CORRECTIVE rally toward 1.20 ish.
I will update this idea with precise target when necessary break outs occur.
I would like to stress the importance to check higher level TFs candles to get and idea if rally can continue after such a lengthy run.
In this idea I want to demonstrate that monthly candlesticks analysis with a little hint from Elliott Waves can show that SPX rally will continue if 2815 is broken up. I personally believe that it is very high...
WTI had a significant rally after bottoming in Dec. Many traders wonder if its time for a sizable correction or if this bounce is over.
I believe that there are evidence on charts that suggest rally to continue at least to $63. Details are presented on this chart. I CANNOT suggest to enter new long position here at the top of rising wedge but if you already long...
USDRUB failed to make higher high in December which shows weakness for the pair. It also coincided with Bat Harmonic pattern which produced a sizable drop.
Currently as price progressing down we can identify a development of a potential Gartley harmonic pattern with PRZ at around $64. On Friday Feb 22 price closed below daily 200SMA which suggests lower prices...
Tesla (TSLA) was printing Wyckoff distribution pattern for a while now. Almost 2 years. And it is finally entering its last phase with downward trending Last Points of Supply (LPSY). The break of pink TL on a chart, followed by break of ICE has a very high probability which gives us an opportunity to SHORT Tesla.
This is a long term trade but promising very good...
NEM is in the process of printing Bat pattern still incomplete but we can try to trade B->D move which is often happens. Since when I am writing this idea price already broke B point I have to frame it with two entries.
Entry 1 (preferred) - we see daily pin of high volume so there is a good chance of B point line to be re-tested. Wait until it is tested and see...
DXY has been distributing sideways for a long time and I believe its due for a bigger correction of the major rally in 2018 (Elliott Waves Y wave of WXY).
I have outlined my Harmonic analysis of confirmed Gartley on daily TF. Although, by the time I am writing this idea it already made initial reaction I strongly believe there is still room for a bigger drop....
CPG (Crescent Point Energy) oil producer was beaten down over the years. I believe company has a lot of value and severely undervalued even at current WTI prices. Chart analysis shows that most likely CPG is likely bottoming. It producing Broadening Formation pattern accompanied with weekly RSI divergence on a high volume after very long trend down. This is the...