juanclos

juanclos

Pros: 1, Big left pole with a non tested lower 50%; 2, Formation somehow defined; 3, Season, in the middle of the summer where only traders without social life are in front of the screen. Cons: 1, Sounds greedy sell at the top and profit from that long line; 2, The Elliot wave count has not given a reversal signal, as the retracement of the wave through the top...

juanclos

Prices specially in foreign exchange markets tend to be cyclical, therefore it is not that rare to them come back to the point they were before, but the difference is in which trend is that time, in other words, what part of the particular cycle is evolving. In the Loonie this action has brought back prices to a previous distribution zone, if distributors of...

juanclos

Signs of a short term fulcrum top has been evolving since Friday's 10 h EST, in the chart the basic explanation is given; I add that although a confirmation pays off, the best risk reward is done by speculation, remember to include Opportunity Costs, if wrong now time is the main affected in throughput (increasing costs and inventory). To leave the trade SL at...

juanclos

If we are moving up in the economic cycle, technology stocks are down, then commodities are about to rise, in that regard, Silver is a candidate despite all negativity sorrounding; the set back of the first leg down sounds like a profit taking from shorts, then a nice try to push back, in the meantime a smooth multiple round bottom formed, that might indicate...

juanclos

Definition of an evening star, bearish pattern made of a bull trend plus small bodies of candles and finally a strong reversal; set up in early April, confirmed last week, 5219 the reference point. Complex in this case. It's been sideways since early March, thus it is foreseeable to reach the 5000 mark at least; if you have interests here, Wait in 5205, SL @ 5225,...

juanclos

Usually there is 161% retracement (261% to the deepest point) of the length from the point where bears stopped taking profit (128.658 in this case) to the bottom of the formation; this occurs in two phases, first bears get anxious and want to pull out, happens the first pull back, then others see the opportunity to join the bear, rapidly falls the price, and those...

juanclos

Overtime the upper line has had importance, in this case is an upcoming resistance, be aware, in either OIL or related currencies.