Clone
EURNZD: History may repeat (Cloning technique)Hi there, I would like to share with you my view via the cloning technique as this pair has quite clean chart structure.
I cloned the left drop via bars pattern drawing tool and inserted it to the right in the blue color for visual comfort.
As you can see the current drop looks very similar and if it keep going so then there the correction could appear
between 1.7020 and 1.7260 - these levels are not mandatory and we just need to watch the structure carefully.
This could be a nice selling opportunity once the correction to the upside would be finished as another drop could be huge
as it is shown in the yellow zigzag.
Long Term Market Cycle Update: BUY!The and exit for this strategy was spot on at predicting the recent fall, we are now reaching close to the levels of the crash at the start of 2018. According to the cycle the market should reverse before breaking the previous low. Look at past charts of this cycle for more information.
Bitcoin cycle update: this is not a "triple bottom"This is a continuation of my "Bitcoin absolute worst case scenario, possible bottoms" I would recommend looking at that to explain this a little better. Just waiting for institutions to take the short positions for themselves distribution consolidation pattern until we get a nice big drop.
Bitcoin absolute worst case scenario, possible bottoms.I'm not 100% saying it will go this low, just pointing out that there is a case for bitcoin to get really really bad, and if it does get bad this is how to find possible bottoms. I think if it breaks the support, the bottom is most likely between $4000-$5000 however I will change my mind if the structure continues this way. I am not short bitcoin, but if this cycle repeats I will definitely buy these levels
DXY long based on Clone and elliott waveI'm hoping for a big jump in the dollar here, if it drops too far below 94 then the count is not valid so that is when you should close, this is a great risk/reward reward ratio. Look at the related ideas for where the clone comes from.
DXY Feedback LoopDXYs lengthy correction seems to be entirely made by taking the previous trend and mirroring it with making slight alterations each time, if this continues to be the case we should expect a reversal to the upside within the next month in accordance with this clone from the previous bull run,
By using the mirror of the current bear trend we would expect this to rise 10% by the first few months of 2018, possible entries are at the green arrows (or soon if you are feeling brave).
Gold clone now turning downThis clone has been making me profits for over a month now and I'm not going to give up on it yet. It predicts a move to the downside around 1280, I have taken profit on all my longs and will be selling in that area if gold shows signs of weakness. My main short trades will come in when it crosses below the 300 hour EMA.
Gold clone continued upGold is still following the clone perfectly and has just broken the 300h EMA which I usually use to establish longer term trends, The next buying opportunity is around 1226 at the bottom of wave C of the correction. It's possible that it doesn't reach 1226 so I may buy higher up if the correction appears to have been completed
Carrying on my long term gold clone
Because of how accurate my previous predictions were using this clone I thought I would try to make a ridiculously specific prediction and show off if it is accurate and pretend it didn't happen if it goes wrong.
Nat Gas forming a clone?Natural gas looks to be forming a replica of itself, and if history repeats its in for a significant fall.
GOLDLooking for a pull back & rejection near $1247.00
I'm adding a sell limit at $1246.50
As the trade manifest, I'll take some profit @ 1237 & close %70 of the remaining position at 1225.
I still see potential downside after final target.
Similar Bulls Patterns - CloneEu reached the upper trend of the upward channel. I have also noticed a similar bulls patterns (clone) which supports the upcoming bears move.
