Johnkiew

Johnkiew Updated 

Again the 3 markets have rebound from recent new low. According to elliott wave and fibonacci structure, the market correction size fall between 38.2% to 61.8%. Shall the current market market to prove as trend reversal? Trader please monitor the following price level. Dow Jones: Retracement level at 25203, 25537 and 25871. Higher than 25871 indicate price...

Johnkiew Updated 

The current forward curve in FCPO are trading at the steepest contango throughout the year. The sluggish front months is suggesting market having high inventory. The price have breakdown significant price level 2137, and this break down also confirm the head and shoulder formation which use 4 months to formed. The pattern projection is targeting 1970. If price...

Johnkiew Updated 

China A 50 have not move out from the 800 points range since July. Recent rally again found toppish on resistance zone priced between 11500 to 12000. Yesterday selling again has formed lower low structure. Trader please stay at the sell side if price moving lower high lower low. The down swing projection as followed: If price trade above 11420, target 11195....

Johnkiew Updated 

China A 50 have rebounded 5 times in the past 5 months when the price reached 10800. The market have not move out from the 800 points range since July. Yesterday selling again brough the price to this price zone 10800 with a low at 10710 and quickly rebound. Trader please stay at the buy side if price moving higher high higher low. The up swing projection as...

Johnkiew Updated 

11 Oct could be a day to remember(refer to post "Dow Jones Fibonacci Time"), Dow fall almost 1000 points in a single day and still dropping. In 4 trading days, Dow have dropped 6.52% at the time of this post from historical high. The current price structure in daily chart are not favorable to stocks investors, first 3 Oct all time high was not sustainable and...

Johnkiew Updated 

The recent rebound formed head and shoulder pattern and breakdown on today. The pattern projection have two targets, first smaller swing from head to low of right shoulder is targeting 24689 , the aggressive projection measure from left shoulder is targeting 24449 .

Johnkiew Updated 

Selling will likely find support near previous low 1668. Two fibonacci spirals overlapping the same level.

Johnkiew Updated 

The surprised rose in oil inventory have triple analysts forecast and lead to price correction around 3% on yesterday. On the left chart oil continue to move in a upward channel, each correction from upper channel were 12% and 14% respectively. The current price level in 50% of the channel, if price continue to move in the channel structure, oil price may...

Johnkiew Updated 

With geopolitical tensions between IS and Saudi Arabia and concerns about an escalation in global trade was boosted gold as haven assets. Gold is trading at 3 months high, the current price structure is looking to go even higher with significant breakout from 2 months sideway. Trader please look for buy position, any retracement on gold is opportunity to for...

Johnkiew Updated 

Hang Seng rebound strongly with fresh measure announced to ease funding for private companies. The strong rebound brought price to 26222 level. On the left chart, price reached one third of previous downswing (important fibonacci retracement level), also hovering around previous downward channel line. On the right 60 mins chart, yesterday rebound reached 5...

Johnkiew

The under-performed market seems like another 10% to go. Based on fibonacci spirals projection, the 2015 projection suggesting price to reach 2361. And current projection from 2018 high at 2228.

Johnkiew Updated 

There are several projection for current oil swing. On the left daily chart, two projections: First projection start from 2016 when price hit bottom 26.05 seen projection at 51.17 (reached at Jun 2016), 66.69 (reached at Jan 2018) & the next target at 91.81 . This is long term projection as in daily chart stated as "Next Target 1" Second projection start from...

Johnkiew

The sharp declined in indexes market have not make significant come back yet since 11 Oct. The 3 charts plotted in 60 minitues time frame. From the left - Dow declined 7.6% from the peak, and rebound to 50% ratracement ( 25510) and trade below. - FKLI declined 6.7% from the peak, and rebound to slightly higher than 50% ratracement (1738) and retraced. - Hang...

Johnkiew Updated 

This blog is using fibonacci spirals as basis for price projection in several market, while the same basis can be apply in time series manner. First, we need a first swing for projection, the obvious one was the 2007 peak to 2009 market bottom, it took 512 days from peak to low. So projection as follow: Factor First Swing 61.80% 161.8% 261.8% ...

Johnkiew

The strong demand in September month have potential to consume rising production. As suggested from yesterday survey data released by Bloomberg and CIMB. Surveys are expecting an unchange inventory for Sep month from Bloomberg and expecting slightly rised by CIMB. (See Below data) Meanwhile, market is waiting Reuters survey data and the first five days SPPOMA...

Johnkiew Updated 

On the left daily chart, FKLI is forming a head and shoulder like formation which seen recent high 1807.5 almost symmetrically to Aug high. The formation was not confirmed and will be invalid if price make higher high and price did not fall below 1764.5. Daily ATR (Average True Range) seen FKLI daily range at 6 months low. Intra day trader may found difficulties...

Johnkiew

Yesterday correction end at 50% retracement level, and the rebound hit new high eventually. And this time, price trading able to sustain and trading above Dow continue its rally with higher high. the next projection target at 27000 (see confluence zone)

Johnkiew

Yesterday correction end at 50% retracement level, and the rebound hit new high eventually. And this time, price trading able to sustain and trading above Dow continue its rally with higher high. the next projection target at 27000 (see confluence zone)