telephoton

telephoton

Ascending triangle confirms reversal of downtrend from spring 2018. 3/1 gann retracement level rejected price movements to continue triangle pattern. There are 3 structures in the fractal; current repetition has one structure that differs from the first repetition, the 3rd structure, which we are currently completing. The difference is that the trend lines are...

telephoton

Bull flag, completion soon

telephoton

If the last head and shoulders setup wasn't clear enough, this one is following the pattern very closely. If this H&S pattern completes as the first half already has, we will see a major reversal. The 18 year cyclical momentum is against DXY, and bearish indicators are increasing in frequency and clarity. We'll see what happens next

telephoton Updated 

Because btc pumped above the descending trendline but couldn't remain above the trendline on the day, it seems the bull strength of btc has waned and btc will soon break downwards. The price is currently bouncing off 6150 ever faster, like a bouncy ball dropped on a hard surface, losing height. Once it doesn't have energy to move up again, it will break through...

telephoton

The pattern that repeated just before the recent decline is not yet complete and will cause a steep climb in gold price soon. Zoom out on the chart to the left or click the link below for my previous idea to see the repeating pattern that has so far played out as predicted.

telephoton

Xauusd seems to be repeating a pattern seen just before a steep drop followed by an inversion of the same pattern and a steep increase to the levels we are at now. Gold will soon drop steeply in the short term but will increase rapidly soon afterwards

telephoton

Silver is consolidating and looks like it has upward pressure and will continue to push on the down trendline. XAGUSD is remaining in the above half of the ascending consolidation pattern. Watch for a breakout to the upside, or buy now due to rising global and US economic tensions in addition to rising gold price. Please do your own research, this is not trading advice.

telephoton

DXY heading lower because of stock market risk and end of 10 year bull run along with rising trade tensions. In a previous idea, the price briefly broke below a descending triangle pattern I recognized but then increased to the recent highs. This time, the dollar will not be so lucky

telephoton

DXY has barely been skimming on the surface of the closest gann retracement level and slammed down beneath it recently, only to rebound higher again. The price will not continue to behave this way though. The retracement level will be tested again eventually and the price will drop lower

telephoton

There has been upward pressure maintaining the gold price within a range rather than trading down with good economic data and stronger USD. If there are signs that things are not as good as they seem, gold will likely break out of this range, and the current bull flag/wedge seen here could be a potential break upwards point.

telephoton

Once gold breaks above the Gann retracement level it is pushing on, the price will skyrocket, especially with the decreasing price of the dollar. If it makes it above the green trend line (decade/long term price trend)

telephoton Updated 

Soon the descending triangle will be broken and the price will head lower

telephoton

I think we are currently at a high point in a decades long decline of the dollar. At the end of 2014 and into the beginning of 2015, there was a strong rally with steep increase in price that isn't seen anywhere else on the chart. I think this is because nobody expected the dollar to be able to make it up to the prices we're at now (in the face of long term down...

telephoton Updated 

The price will rise as it has broken the downtrend that began this Spring. If the price rises above 1214 it will probably continue higher, otherwise a double top might be formed at 1214, causing the price to go lower.

telephoton

If the price makes its way significantly above the red trendline I identified in my previous idea, it will break out and go much higher, probably up to the long term trend line and follow that for some time. Otherwise, it will continue down and retest 1160. The price is also approaching a Gann retracement level so whatever price trend is established closely...

telephoton Updated 

I think we will probably get a bounce off of these trend lines and head lower

telephoton

Gann Fan lines up well with the trends

telephoton

The wedge that we broke beneath a day ago was angled up at about 34.5 degrees. The new wedge that has formed is at an angle of 15 degrees, with a trend line forming the upper edge being horizontal at 1205 (previous strong support/resistance level). If we break below this lesser-angled wedge and continue below 1200, it may go quite a bit lower.