NicolasRZ

NicolasRZ

How can you spot an error in the database? Well, if you see a very long wick and you cannot see that price in intraday timeframes, then it's just an error in the database. Take into account that sometimes those long wicks were true, check out some of the flash crashes (you will see then in the intraday timeframes if they are still available online). If you are...

NicolasRZ Updated 

H&S pattern, with target on the upper resistance. We could expect a 16% rise according to this chart.

NicolasRZ

Test of dynamic channels and some statistics made by hand. This indicator was done specifically for the S&P500 index. As you can see, below the 125 EMA there's a lot more volatility than in the upside. I've made some kind of a dynamic linear regression of the lows and the highs. How to use this indicator Green = First grade support/resistance. Orange =...

NicolasRZ

4 years Presidential Cycle This is a test to verify the 4 year presidential cycle. If we take 50 months instead of 48, the result is a little bit more accurate. The conclusion is that we could expect an important low approximately every 50 months .

NicolasRZ

Looks like the correction is finally coming

NicolasRZ

5th wave reached target 1 (61,8% of wave 1). Divergence on the EWO. If it breaks the DMA, we could do an Advanced GET Type II trade. SL above the 5th high.

NicolasRZ

Weekly chart, log scale. Looks like this 357 days cycle works very well pointing the bottoms and tops.

NicolasRZ Updated 

I'm amazed how the DJIA respects the trendline... started in 1897!!! I'm using the logarithmic scale for long term analysis. There's also another thing that blew my mind... how the Fibonacci levels are respected in the previous highs to the coronavirus.

NicolasRZ

The Dollar Index bounced exactly on a long time support, coinciding with a Fibonacci level and commodities pulling back.

NicolasRZ

Technical Analysis Copper is on an historical resistance. If it breaks with enough volume, it will be a good time to go long. Now is "breathing", doing a little bit of correction, we could even say lateralizing with lower volume than before, meaning it is still in uptrend. In the next few weeks we should see if it breaks or not. Fundamental Analysis The Fed...

NicolasRZ

Silver is crossing an important S&R area. Unfortunately, there's no volume data to check if the move has enough volume. S&R areas: 25 to 26.5 USD 34 to 36 USD 48 to 50 USD

NicolasRZ

Historical proportion is 1 gold to 50 or 60 silver. Recent correction is heading to that proportion.

NicolasRZ

Possible upcoming correction, target is the last resistance. Waiting for that confirmation pull-back to enter a long position, with a SL below previous historical highs.

NicolasRZ

First objective is the diagonal resistance, then previous historical highs. Volume indicates long term uptrend.

NicolasRZ Updated 

This is a simple trade, with a good reward/ratio. Technical This four months channel has been very accurate. Yesterday there was a confirmation pull-back on the floor of the channel, so today it's a good day to go long. It's very similar to DAX30's chart, beware of correlation between your trades. Don't pay attention to the indicators, price action has always...

NicolasRZ

Expected increase in price of commodities for this year. Remember that in this index, each asset has different a weight and includes 19 commodities. According to Investopedia: 39% allocated to energy contracts 41% to agriculture 7% to precious metals 13% to industrial metals Related indices: SPGSCI: S&P Goldman & Sachs Commodity Index BCOM: Bloomberg...