Doublebullchuck

Doublebullchuck

upside potential exists. short stop zone below double bottom. See my monthly chart for longer term trade analysis

Doublebullchuck

Inverted Head and Shoulders bottoming pattern is appearing. All squatches are masters of hiding and often these sightings are hoaxes. If this sighting is true we are catching the inverted right shoulder at a good time to maximize profits with limited risk. Long term trade analysis is shown in my other Monthly chart. Here we are looking at the start of wave...

Doublebullchuck

All chart ideas are not proven until played out. That being said here is a long term technical analysis with current price at the .50 retracement level formed by the Dec. 2016 low and the Jan. 2018 high. This is the blue subwave x of the primary blue wave (X). Can price go below this .50 level? YES! Therefore a STOP location below the previous swing low is...

Doublebullchuck

Here are a couple of bullish scenarios. Dark red is alternative bullish strategy. Blue primary count suggests some close targets. Extreme long term pattern and targets also suggested showing wave (C) for investors.

Doublebullchuck

Monthly chart (prior) has shown long term short trend. rebound from Brexit election has faded and now looks like wave 1 and 2 (see red) are complete. Alt count would suggest (dark red) wave x will finish and wave Z may go higher so set stop above the .382 zone just in case.

Doublebullchuck

Alt count also suggests a downward long term move. Been a year of rebounding and sidelined waiting. Now Main count wave 5 (blue) has just started with sub wave I and a retrace of 38.2% for wave II. (Look at a smaller time frame will clearly show that sub move better.) Long term target is 1 year out. R.R. at this location very good with a stop above the...

Doublebullchuck

Squatch watch is on. Wave B of 4 is at .88 retracement. R.R. here pretty good but watch for expanded or running flats.

Doublebullchuck

Re-label, re-label, you know the drill. This shows a bullish scenario because the low of 11-8 was breached today. This price move knocked out the stops of longs. Pin bar suggests a possible long entry with a relatively short stop below 1.324810 9-16 high. First Target a favorite fib. location near (B) for a 5X to 1 risk reward ratio. Mind that the trend...

Doublebullchuck Updated 

There is always an alternative count and now we have either a completed retrace to the 50% fib. level (in pink) or the highly expected upward move to blue trend line to make a nice corrective channel. Ending diagonal (pink)must stop at 1.3691 to keep pattern validated because wave 3 must not be shortest wave for this pattern. Likely scenario is Black wave count...

Doublebullchuck

Looks like the all clear sound for the dollar? HMMM let's look back at history and see. Expect a slight pullback perhaps here at .618 fib. Maybe a few months before the Impulse continues. Lot's of upside to come to channel or higher.

Doublebullchuck Updated 

flat correction move to wave 4 good for several hundred pips

Doublebullchuck Updated 

Inverted Head and Shoulders starting to show. Looking to buy upward move to wave 4

Doublebullchuck Updated 

A stop above descending trend line grey Good risk reward ratio on this investment trade. Enter short the pop to blue neck line on bear candle.

Doublebullchuck Updated 

OIL AND USDCAD ARE SUPPOSE TO TRADE CONTRARIAN. NOT DONE FOR 6 MONTHS. EXPECTED FED RATE HIKES (4) FOR 2016. ACTUAL (0)! 600 PIPS ABOVE LOW. WHAT DOES THE MARKET KNOW? OIL ROSE BY 90% (26 TO 50) WHEN NEWS SAID "WORLD GLUT" OPEC ATTEMPTING TO STABILIZE OIL PRICES NOW.

Doublebullchuck Updated 

EXPECTING WAVE (C) TO FORM.

Doublebullchuck

The prior Monthly and 15 minute charts showed reason for short bias. This might help the mid term plan. Shorting this temporary down turn could turn into a longer term downtrend if an Expanded Flat. If analysis is wrong even more downside is possible. Upside to 50% retrace would be target wave C to (x) if analysis is correct then a big move down! Using the 13...

Doublebullchuck

The weekly bar 11-11-16 showed indecision. (Spinning Top) This monthly chart suggests staying short below 13 m.a. and channel. X may have upside see shorter time frame chart If monthly candle close breaks above 13 m.a. then wait and ENTER SHORT X to C {B} target 50's below wave A. Stop placed to your risk management +- 70 pips above 13 m.a. OR ENTER LONG to 34...

Doublebullchuck Updated 

Well I got it wrong in the last chart but without any pain. More upside likely in wave 5. The structure of the diagonal is LEADING not ENDING as I previously labeled on last chart. It formed wave A or wave 1. If wave A, then first target is 100% length of wave A, then the 50% retrace of entire bearish move from the top. Strength coming from possible Fed hike...