Hi friends, It has been a long time I haven't updated KHC idea. Since that time price action printed several signs of bottoming process is taking place. I have shown them on the chart. As mentioned in previous idea the day price opened with 30% gap down a big buyer (could be Warren Buffet ;) ) showed up and absorbed all the panic selling. It was a first and...
HI, This is PRELIMINARY spoiler idea before I will do my main idea on IAMGOLD long term investment. I believe there will be one more leg down in IAMGOLD and many other miners as well before the whole sector turns upward for new long term trend.
The move indicated with red arrow is a last leg of overall BAMM (Bat Action Magnet Move) that was triggered by breaking...
This surprising $50 XAUUSD rally looks to good to be true. Huge AB=CD Harmonic pattern has been printed on Friday. While it hasn't been confirmed yet let's consider it as potential but very promising pattern. Given its multi-month size it is capable to start mid-term downtrend. Targets can be identified using Fibonacci levels as shown on the chart.
I will be...
Quick idea about best performer in Gold mining sector. I looks like it is building Wyckoff distribution pattern. It is too early to be 100% sure BUT be cautious and take profit or hedge. Short scapling also very good here. I also just published supporting Gold idea.
I was waiting for price to come back up to the top to publish this idea. Like expressed in previous ideas gold is bearish mid-term and due for a correction to at least $1230. Here at the top, I think, we will range a couple weeks at least giving multiple opportunities to get best shorting opportunities.
TP1 - $1230.
TP2 - $1200.
This is Mid-term opportunity that...
This is complementary idea to long term CPG idea (linked).
Yesterday, CPG has completed Reciprocal AB=CD pattern and produced a bullish daily candle. I believe that correction from $4.46 to $3.33 is over now and CPG is ready to rally to its next target at around $6.21. That would be a retest of once major support break. It also coincides with...
This is LONG TERM view on USDCAD.
I was waiting for Bat's PRZ re-test to publish this idea for USDCAD. Currently USDCAD is bumping the top line of the channel on chart. Once it fails and drops below TL this idea will be enabled for shorting.
I believe $1.20 for USDCAD is a CRITICAL level. Going below it will...
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.