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The EURUSD pair is currently in the 5th wave of an ending diagonal. After a break of the top trendline of the ending diagonal, anticipate a retest of the top trendline for entry. If this opportunity does not present itself after the break, then enter on a lower time frame when consolidation occurs above the break. Take profit on the green trendline and await...

From the 50% retracement of the S&P, we're able to project the target of 3,250 - 3,500 for SPX (325 - 350 for SPY). Before this happens, I think it's possible, although not likely, that the S&P reverses to 2,640 level before going up and forming an inverted head and shoulders. Note: I'm not a bull or bear nor did I factor fundamentals into my analysis (nor did I...

Here are our results for 2018 for a custom script we wrote earlier in the year. I still prefer to do my trading manually via technical analysis because that is where my passion is however I am becoming more and more of a believer in algo trading given these results. If you feel you have skills to contribute, send me a PM and perhaps we can partner. There is always...

AAPL is currently testing the 200 Week MA which is the cyan colored MA you can see in the chart above. The only time AAPL has stayed below the 200 week for a long period of time was during the Dot Com crash in 2000, since that period it has served as support for almost 14 years. I expect this level to hold, but if it doesn't, I don't foresee AAPL being below the...

Above is an Elliot Wave analysis using the monthly log chart of P&G. 1. The yellow wave is an impulse wave. You'll see we're at the end of wave 5 of this impulse wave. 2. The purple wave shows that we're at the end of wave 5 inside of an ending diagonal (Rising Wedge) pattern. A good short entry would be on the retest of the break of the rising wedge pattern...

On the monthly chart, you can see that EURUSD had a very clear head and shoulders top reversal pattern that has been confirmed on the retest. Reasons to short: 1. Price Action: We see the price hit the neckline of the head and shoulders pattern and continued downward. This confirms the head and shoulders AND 61.8% fib resistance. This is ugly. 2. Fib: Rejected...

On the monthly chart, you can see that oil is currently hitting a major support zone. I placed the fib a bit unconventionally however this is where it snaps the best. If it holds up, it gives us a target at 100-123% fib zone. Reasons to long: 1. Price Action: We see the price responding to the key supporting trendline and 78.6 fib. Wicked below it and closed...

Above is a monthly chart comparing 2014 to 2018. You'll see so far, everything is normal in regards to Bitcoin price action. No one can declare Bitcoin dead yet as we can clearly see we're in the 'Bust' part of the Boom and Bust cycle of Bitcoin. While we do not know for sure if capitulation happened in 2018, we can clearly see where it happened in 2014. In 2014,...

Reasons to short: 1. Unable to cross major resistance, wicked multiple times above but closed below. (See blue dashed line) 2. Rejected by .50 fib resistance. 3. Rising Wedge 4. Buying volume is decreasing 5. OsMA, ADX, and Stoch are all bearish

For those of you who have been patient enough to secure a low risk entry on MO, your patience has paid off. As you can see MO has found support at the 76.4 fib retrace and a trendline that spans back to 2008. If the fib support holds here and proceeds upward, that gives us a target of around 100% - 123% fib zone. The price action formation is also a bull flag on...

The BNB lifeboat is floating waiting for all USDT hodler's to jump in. USDT has one purpose, and that is to be stable. When it looses it's stability, it's no longer useful. Whether or not the fud being spread about tether is true, there is one thing that HAS been confirmed and that is Tether is volatile. I believe there is an opportunity with BNB, as I said in...

In the chart above, you'll see that every time BTC closed above a long daily trendline and had a successful retest, it almost always has gone up. As you can see, the retest appears to be successful and up is the next step. The next local obstacle seems to be the 30 day moving average which BTC is currently above. If the price is able to close the day above the 30...

Tilray has reached the apex of a symmetrical triangle and is ready to move. Stoch, ADX and OsMA are saying down, but I wouldn't take a position until there is a clear break. This could go either way, but I assume the move will be pretty substantial.

Binance Coin (BNB) started forming a bullish failing wedge around June and it appears likely to exit soon according to the Elliot Waves I drew below. The last two ideas I had regarding a failing wedge for ETH and XMR both went very well. As you can see on these two previous ideas below, you have to wait for it to breakout above the failing wedge and then come...

ETH will soon be testing the all-time-high trend line. If it manages to break through the top green line of the failing wedge, expect a retest of this top line before moving upward in earnest. The ideal entry would be as close to the top of the failing wedge line as possible on the retest. If a retest doesn't happen, then enter after the next correction. Side...

AMD is currently battling an 18 year old trendline on the weekly chart that is proving to be quite the resistance. The RSI is also showing that it's severely overbought. This would be an excellent position for a low risk high reward short.

Monero recently broke out of a long failing wedge. As you can see, the breakout of the failing wedge is being retested at the 30 day moving average. If the 30 day moving average holds as support here, and we see a significant bounce from this area, then I would assume the retest was successful and Monero could be on it's way for another bull run. As with all...

First off I want to say that I agree, $0.03 is an outrageous target. However, when doing technical analysis, you're suppose to leave out all feelings and fundamentals. I believe that XLM should be one of the top coins and above $1.00, especially when fundamentally compared to the other coins out there. I've tried to follow my feelings and fundamentals in the...