FOREXCOM:XAUUSD had a nice $100 drop on Friday with a further correction likely of the next week, but with Inflation data & Interest rates this week it could get wild. Firstly i'm looking for a low to come in then I will look to Sell on the first decent PB. First target is the ABCD from the top @ around 2250 but then we could hit the 382 from the October low...
FOREXCOM:XAUUSD had a fairly decent rally last week running into the 1.27% extension Butterfly level of 2192. Now i'm looking for a retracement to Buy looking for the next move higher towards 2250 where we have 2 1.618% EXT levels to watch. Wednesday we do have the US Interest Rate decision which will move the market some more, so until then there might be...
COINBASE:ETHUSD A long term look at ETH. Are we repeating patterns in time and price? After the 2018 top and 90+% drop there was a 382 rally which we have had from this recent low but this time we have hit it twice. There is also an ABCD pattern higher at 2200. If we look at time now. From the 2018 high to the 2021 high there are about 1400 days, so if we...
OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks. If its really bullish it needs to hold this 78% level and head up to new recent highs. Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980. An Ideal Scenario sees us getting a retest of 4100 which has been...
COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will...
COINBASE:BTCUSD looks to be headed for a correction today. 10:30 & 18:30 are critical turn points if we rally into these times then we should see some selling. Ideal scenario would see us back down to 22k over the next couple of days. Also Major planetary event this weekend which could change things. I hope this helps. Enjoy the day. 👍👍
TVC:SPX Hard to imagine but could we see a fast rally back to 4020 to cover the gaps before the next major sell off. 4020 is the 382 from the March high and also the 707 from the recent June high. That would get people thinking that the drop is over and we are onto new highs. Watch these levels over this week. I hope this helps enjoy the day. 👍👍
COINBASE:ADAUSD has completed a Gartley pattern to the downside. This is the first break from the ABCD running over the last 3 weeks. If this is going to be bullish then it needs to go higher past 0.64 and then 0.69 to start to look bullish otherwise it could be heading lower with the rest of the crypto market. For the Intra day we have an expected turn point...
A look at OANDA:XAUUSD this week and we find that we are still looking for more down side. There has been a 120+ point drop into 1872 and the first decent rally back has seen it stop right on the 382 and fall away into the 50-61.8% area from that rally. We are now at the point where we have 2 options. 1. It continues lower from here towards 1820-1830...
HELLO AGAIN TRADERS, As predicted in my last two posts, it is taking a few attempts to definitively break through the DOWS THEORY level (50% retracement) of $3124 and leg up into .5/6.18 range and continue the upward trend. As mentioned previously, looking left on our chart we see the last time we were rangebound in this area following the MAY 2021 crash, it took...
The S&P500 is at the critical of 4800. At this level we have an ABCD completion from the mid May low. This is a major multi month pattern with the added confirmation of a 3 Drive ABCD at the same level. If we expect the same move lower as the previous September retracement then that brings our target to the 382 of the ABCD pattern around 4500 which is a Major...
(BULLISH) 3 Point Retracement with Hidden Divergence and 0.382 fib confluence appearing on the hourly charts of Bitcoin Entry: $49.500 Stops: $48.800 Break-Even: $50.400 Target: $52.900 Good luck to all trading BTCUSD!
The Golden Pocket, based in the power of Phi, consists of the .618 to the .65. Included the mathematical rationale for why price reacts to the .65 level.
The GBP has a nice short set up with small risk. A 3 Drive ABCD Pattern at the 127% extension of the early September high. Targets are the FIB levels from the C-D leg 382 and 618 with the final target of the 382 from the late Sept low to the recent high. A break of 1.3700 could see higher prices. BREXIT is creating a lot of volatility which is great.
''BUY MARKET ORDER'' Why buy? ABCD Fibonacci Cluster Bullish hidden divergences Good luck to everyone buying AUD/USD !
After the recent drop Litecoin has taken over 3 weeks and it hasn't got back to the 382 yet. This is a very bearish sign and with more downside expected in Bitcoin I can see this a lot lower over the coming weeks. Selling at the 382.
We've seen a steady increas of SPX (S&P500) Over the last few weeks, This particular level is of great interest as it not only retests the highs from early June and is less than 20 pips from the 618 level of the fib retracement of the most recent higher high and higher low. All whilst still following the channel. If this comes to fruition, we could see a steady...
Give it some breathing room to 40.08 but this should take the price up to 43.00. President Trump speaks after the market close so we should see it all take place wround that time.