Johnkiew

Johnkiew Updated 

Gold continue to trade lower, current swing projection at 50% retracement level 1193.9 and spiral projection 1190.3.

Johnkiew Updated 

Here is the selling projection using fibonacci spiral, the recent low 69.08 reach 6 multiples of 1.618, which seen a slight rebound. You may see the same alignment at 4.236 and 17.942. For sure these ratio are not the usual fibonacci extension that people are using. The underlying power of Fibonacci spiral can only be utilize when 1.618 is use in an expansion way....

Johnkiew

This is a historical study on how fibonacci spirals work in price cycling, back to 2016 November, ringgit start strengthening with the rebound of oil price. and the down cycling projection projected as 4.26, 4.11 and 3.87. Ringgit reach the previous high at 3.85 then start weakening. On the right side we have up cycling projection which indicating ringgit to...

Johnkiew

Dow Jones Futures trading in correction zone, if price below 25828 (61.8% of previous impulsive swing), market will reverse to deeper correction or potential trend change.

Johnkiew Updated 

Both charts showing 3 fibonacci spiral projections. On the left, in Hang Seng Futures Daily charts, the downside room project at 26431 (Around 950 points from now). On the right chart, a 30 minutes chart spiral projection at 27156 (230 points from now). Trader please do not hesitate to sell until price trade higher high.

Johnkiew Updated 

Almost the same set up we see in Crude oil, FKLI failed to sustain 1806. Price likely to trade lower and heading to 1790.

Johnkiew

The two market are not necessary similar, but historically both index have positive correlationship close to 80%. Dow make higher high during June, at the same month Hang Seng breakdown from the range and form lower low. The current divergence has lead both indices correlation to 26%. Is this the outcome of tariff war?

Johnkiew

Malaysia Palm oil have reversed trend to upside on 3 Sep when price break above 2269 (61.8% of previous down impulsive wave). The current breakup is heading 2337 according to fibonacci spiral. Trader please initiate long until market trade lower low. You can also see the spiral projection found "double top" formation at 11.089 2262. Above this level price is...

Johnkiew

In the Elliot wave principle with fibonacci, if the swing failed to go beyond 61.8% to 38.2% of the previous impulsive swing, the market is pricing in correction size, and the previous swing direction remain as primary direction. The next impulsive wave will likely follow the same direction. And this is what happening in WTI Crude Oil, the previous rally failed...

Johnkiew

According to Fibonacci spiral analysis, oil will be heading 73.52 as long as price stay above 70.05.