Firstly, the big picture: As you can see, oil has long left its corrective structure on a supercycle degree. If my count is correct, we are now at the first wave of a 5th wave. Now, do you feel that Oil has over-extended itself? I certainly do! What is presented in the chart is 2 very strong bursts of up moves followed by the recent volatility in price (shaded...
Firstly, the big picture: I mentioned that there is an alternate way of counting for Silver. I didn't publish it but the alternate way of counting is presented in my Gold idea (which I link here). I also linked the previous Silver idea here in case you want a better look at the big picture.
Firstly, the big picture (I have done one for Silver earlier and please see that also). Basically, I had expected that big consolidation over that past 2 years is actually a super big combination that has ended and so we are at the start of a new bull market in Gold (and silver). Here I present to you an opportunity to long Gold. I don't know when the drop...
I believe that USDCNH is going to start going down strongly. Today (not ended when I publish) is a potential for a shooting star formation on the daily timeframe. Also, on a macro level, we can see that price has reversed and is currently in resistance zone created by at least 3 measurement techniques.
I believe that Gold denominated in Yuan will rise. Stop below the green line.
Silver has been frustrating me for the longest time. And I am sure that many Elliott Wavers are also similarly frustrated by the 2 years corrective and huge ranging move of this precious metal. Today however, I had an epiphany: that the entire ranging move can be split into different segments and analysed accordingly but still fit into the Elliott Wave Structure....
I would have loved to count the Elliott Waves for this. However, the wave is not clear to me. As such, I used other techniques to project how this instrument will move. Following are the methods I used: 1. Supports and Resistances 2. Trendlines 3. Fractals 4. Fibonacci Time Counting The main reason why waves are difficult for me is because of the wave (Y) that...
ES Long Target: 2806 ES Short Target: 2530 Idea Failure: Wave (E) > Wave (C) Note that this is really a longer timeframe trade idea and hence the timeframe used on the chart is Daily. The risk-reward is now favoring shorting, but because there are still some upside potentials (around 28 points or 112 ticks or US$1,400 per future), I recommend going long first but...
I have 2 warnings here: 1. This is a weekly timeframe trade idea, and 2. This is a more advanced study using Fibonacci Time Counting and Elliott Waves. What my disclaimers here is saying is that firstly, you have to consider how you want to implement this idea given that it is a long-term trade idea and larger downside can be hidden from the chart due to it being...
I am super optimistic about GC (<- this statement is a cause for concern haha). As you can see, I actually have 2 different counts that both points to Gold going higher. Of course, an Elliottician always have an alternate count in case he is wrong (that count in red). But I like the fact that there was a false breakout and thus I have a long bias. Note that the...
Based on my Elliott Wave counts, I believe that we have seen a low in EURUSD that won't be visited in a long time. Thus, I recommend longing EURUSD on a longer timeframe (note that this is a daily timeframe). On a lower timeframe, I am presenting you the chart here. Thus, for this idea, you can actually set a higher stop loss based on the 2s on the hourly...
ES has moved up in a straight line fashion since breaking out of the triangle. However, it may have overextended itself in the short-term. I would be surprised if it doesn't correct before moving up again. If you look at the RSI, there is also a potential divergence coming along. That is to say, unless ES keeps moving up strongly for an extended period of time,...
I find it hard to try to figure out a stock that seems to be on a bullet train. AAPL is one such. However, given that my macro view is a correction in ES soon and a rise in precious metals, I decided to see if AAPL could be running out of steam. Over here, I want to point out one important thing about AAPL chart: The recent market structure (boxed in yellow)...
USD/JPY had recently reached a long-term inversed head-and-shoulders pattern cleanly and didn't look back. From my analysis of other products, I believe that any retracement could be shallower given that other products have yet to make their moves against their S&Rs. Outside of technical analysis, the recent news that long-term yields are rising also support my...
I am presenting something that is really a more advanced study of Fibonacci analysis. Truth be told, I am actually not that of an expert but it is something that we can all explore on. My very first idea on BTCUSD calls for it to fall to 0 but with a price target of around $6.2k. My second calls for a long with a target just above $10k. What I am doing now, is...
My previous analysis on USDSGD shows that USDSGD should move up on a new wave cycle. However, recent developments has shown that the wave down should only be part of a bigger move down. Note this: USDSGD is a managed float currency that is managed by the MAS. However, this only means that MAS will intervene if the currency is nearing the bands that MAS set. This...
Gold held support and if you into the weekly candlestick, you can see strong reversal. It is my belief that the next couple of weeks will see Gold (and silver) burst up strongly. Note that this is a reversal of my previous idea that Gold will continue to fall. Given that we are still in an ascending triangle, it is not hard to project Gold still in a bullish stance.
I rarely publish ideas on stocks because I am mainly a derivatives trader. However, whenever an opportunity arises that is too-good-to-miss, I will publish it. If you have been following me, you will know that I called AROC and VALE long (I have put the links to the 2 ideas here) and they have been working great. SGYP came into my scan last Friday just before...