zhipengcfel

zhipengcfel

The SHCOMP comes to a critical price level. Let's see whether it will be bottomed. Good luck to everyone! Cheers

zhipengcfel

UKOIL is likely in an intermediate impulsive wave (3) UP. The current recover is nearly the same speed as last time. Good luck to everyone!

zhipengcfel

SHCOMP is coming to the support. Pay attention to the support next weeks.

zhipengcfel

Elliott wave analysis on silver. Pay attention to the price at this level and time at this month. It looks a promising trading opportunity. Good luck to everyone!

zhipengcfel Updated 

USOIL had a nice moving up after touching 43 area last time. Now it seems that USOIL is undergoing a shrink triangle pattern likely. It has the probability to go down around 43 again before heading up. Good luck to everyone! Trade with care!

zhipengcfel Updated 

This is how I understand the movement in UKOIL with elliott wave analysis. I just shared it here and marked it as a education idea. Comments and suggestions are welcome! Good luck for everyone!

zhipengcfel Updated 

Copper might have finished the wave (4) mid-term flat correction. Wave (5) might start from here. The target should be similar with wave (1) (sorry I labeled (A) before) because we have an extended wave (3). Good luck for everyone!

zhipengcfel Updated 

Updates for XPTUSD from last time. Buy or add more longs if it breaks out of the triangle. Good luck for everyone!

zhipengcfel Updated 

XAUUSD got supported after the pull back and went up with good momentum. I am looking forward to it going further. We still need to pay attention to the long-term resistance line. If it breaks out, it will be a strong signal for further up. Good luck for everyone!

zhipengcfel Updated 

The head and shoulder pattern in DXY was confirmed and went down to 96.51 for last months. The falling down was first a leading diagonal pattern and then a short-term B wave bounce and C sharply down. The HS pattern target was hit. It might have a short-term bounce here to retest the diagonal bottom line. And then another big down after the short-term...

zhipengcfel Updated 

Gold has rebounded 24 weeks after getting supported from the previous wedge support line. Nowadays the price came to the long-term resistance line twice but both were rejected. An ending diagonal pattern was formed here and warned us a top was formed (might be a short term top). DXY also rebounded from yesterday, which will push metals down. As a result gold...

zhipengcfel Updated 

USOIL undergoes a pull back after a consolidation of 13 weeks (see chart). The pull back is last 11 weeks now. I have to say it is hard to trade currently. Buy the dip (around 42) might be a better suggestion. Good luck for everyone!

zhipengcfel Updated 

Although the usoil is still in a weekly correction trend, I have to say that the correction is nearly to the end. It provides a very good month entry opportunity with target around 75$ by May 2018. I would suggest to buy usoil as stock with holding for nearly one year until May 2018. Weekly charts: Daily chart: This opportunity is nearly the same as the...

zhipengcfel Updated 

The up momentum for usoil is weak but the down momentum is quite strong. USOIL might go back to 42 and 38 again. Good luck for everyone!

zhipengcfel

A 14 months mode is formed in SHCOMP. It seems that it got supported on the key hidden level. The projected price target and time target are labeled in chart. Good luck for everyone!

zhipengcfel Updated 

Usoil was consolidated for 13 weeks in the top. This week is the 13th week after its breakdown. It seems that the bottom will be formed this week. If we check the previous low until top was 22 weeks, it is another 22 weeks after the top. The time target is overlapping. From EW aspect the correction is completed here. It provides a good trading opportunity...

zhipengcfel

A clear five waves down has completed with a flat correction and sharp zigzag correction. Soybean might have bottomed here. It provides a good R/R entry opportunity here. Good luck for everyone!

zhipengcfel Updated 

Silver is coming to the support line again. It might bounce from here and give a short-term long opportunity. The decline momentum is still very large, so it is just short-term long. The sl is under the support line. Good luck for everyone!