As title has been said. Brent is about to rally from the channel bottom.
This is a detailed wave count of gold. after making 3 lower highs, a contracting triangle is about to finish. Wave 3 to the downside underway near term.
Bitcoin had just posted a highest RSI reading in a year, and there is conviction break of a very tight price range. This is potentially the beginning of something much more meaningful.
There hasn't been much trendy market in forex recently. After the Greece talk and FOMC today, I hope market will pick up consistent trend again. EURJPY bounced from Apr low and has been trading towards the 0.618 retracement of the entire Euro QE drop. At a bigger degree, I think a 5 wave rally had been finished at Dec 2014 high. and an impulsive 5 waver opens up a...
I think the fall from 2008 high is a impulsive wave. The rally from 2013 is the A wave of three wave correction. Since then , a long and complex complex B wave is unfolding. The recent price action fail at previous swing high and RSI fails at 70 suggest the completion of X2 wave. A short side swing trade against the recent swing high is favored targeting. A full...
The recent price action suggests a on going 5-3-5-3-5 leading diagonal to complete the A wave of large degree correction pattern. A pending long position is favored at 93.95 level or the completion of a minor "wave e". A desired move of RSI would be breaching 30 level and then reverse. A upward break of the RSI upper channel along side with a price break would be...