Transportation Clones / LevelsIn name and concept; clones
some people refer to fib levels colloquially as clones as well!
enjoy
manage your own risk
much love
gl hf
xoxo
snoop
Clones
Long term market Cycle Update: Sell and buy lowerCheck the related ideas for a description of the cycle.
The market reached all time highs as expected with less momentum, if we are in the "upwards consolidation" period we should expect a pullback soon. I'm taking profit on the previous long and waiting to buy lower
Frightening long term Clone/Cycle must see! A long term plan the current bubble we find ourself in, and exactly where in the cycle we are. Short term is long but we must be extremely careful!
A side note: after the next deflationary crash, cryptocurrencies will be hit hard, buy them when they are very cheap after the crash.
Dow: Buy the dip and hold!As predicted in my last dow chart, it has had some trouble just below 27000. However it seems to have reacted the same as the bullish clone so I am buying up stocks again. I see this as being the cheapest stocks will be all year and a perfect time to buy, although I see it as 50/50 weather we make a lower low before heading up. Dow is going up to the moon before crashing back down and I intend to profit from both. People never learn, clones are king :p
Happy new year! Another year of the trump bubble.Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The clone also seems to line up very nicely on the chart and obeys the time and price fib levels, use it as a guide. The elliott wave count suggests that this is the final wave, but since waves 1 and 3 were not extended then wave 5 should be extended. The final take profit will be at around 50,000 (probably sooner) but that will not happen for a few years.
Keep buying pullbacks and adding to your position until you are driving a Lamborghini on the moon... and be aware that this could crash big when it does end because we are buying into a bubble, so be careful.
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.
RSI MFI strengthBoth RSI and MFI are picking up, looking for XAUUSD to rebounce further. Previous CUP has been working great.
Goodyear Tires Weekly Clone Levels My attempt at using Clone Levels on GT. There is a bearish Butterfly as well 2 bearish AB=CD patterns completing at the top of the range which may be a nice opportunity to short (and especially if SPX is to have a pullback as many on here seem to think). Weekly RSI is almost overbought as well.
The targets of this pattern as well as the larger clone levels will be areas of interest for me to then long.
I also want to sincerely thank @GcNaif for all of his help in educating us on Clone Levels (although he has no clue about this idea so I am not trying to say he endorses it -- I just appreciate his posts regarding it). I hope my understanding of them is accurate!
DXY short based on clone I have found this mirrored clone very useful so far, a spike this large after hitting the ichimoku cloud seems unlikely but set an order at 102.5 encase the clone continues to be correct. This structure on daily would appear as Head and shoulders so it may be possible to let your short run longer
Three Drives patternsGot a good reversal ()3 Drives to up, the down reversal success has been moderated. Lets see if this one works better.
tp 1 1196
tp 2 1170
Three DrivesIt is at the final stage of 3 Drives pattern, which is up, up and away stage. Gold has been favor this pattern quite a lot, let's see if this works again. First TP 1147.55 and Next 1157.11, those 2 are the clone levels.
GOLDEN CHRISTMAS & TRUMP'S INAUGURATIONThis is my forecast for the next month for Gold
Shorting the $1170-88 area, looking to TP at around $1065, then LONG from there! Let's see how this trade will manifest!
WTI in rangeThis Idea mainly is based on Clone level and PA. The daily chart is somewhat bearish, will trade according to the clone level and wedge for direction. I made this chart in September and was amazed by the Top TL guidance, and also the lower wedge TL was pretty good protected so far. This chart might still work for a while, so decided to share it, please make comments, any idea is welcome, bear or bull.
XBI is running into head & shoulder pattern lets form the Right shoulder, it is good opportunity to scalp a long to 64.24 which happens to be in the clones level. Watch closely to see there is no further decline over neckline.
GBPUSD: Correction to trendlinesTesting out a new strategy using clones.
Price will flirt with blue (90MA) line before breaking down to get back in trend.
Entry in top red block or blue below after retest.
Pay attention to trend lines and purple line (1000WMA) for exit.
SL: 1.4680
TP1: 1.4481
TP2: 1.4431
Loonie TunesHope it drops sooner, this is just a simple clonage within this long term channel. Fundamental factors to consider, oil dropping further, BOC lowering interest rates this week, could wick out to 1.48. US bad data last minute revised GDP after market closed last Friday 1/15, if USD starts dropping this pair could just go sideways for a few weeks.
The risk for loan defaults for the shale industry due to low oil prices are very high and has the Fed's attention, supposedly they have removed the mark to market rule for energy assets last Friday 1/15, allowing for these companies and banks to adjust their balance sheets accordingly so their borrowing bases do not cross below their existing debt. A similar situation occurred in 2008 onward with MBS, with the housing industry, allowing for home loans mark to market requirement to be removed, instantly making everything ok on paper (assets revalued back to date of origination instead of current market price)
The point being, their could be a program similar to QE solving all of these energy companies, banks and sovereigns currencies problems with more money printing and purchasing oil futures and similar assets like energy stocks, such as the case with Mortgage Backed Securities Fed bailout. Not sure if the Fed's balance sheet could handle all of the new asset purchases, some member of the BIS network would be able to absorb the purchases on their balance sheet, maybe ECB, like a big QE rotation, or maybe they will just start a war, who knows. Oil needs to go back up or there will be a lot of problems. Not sure if the over supply could be bought up with policy moves, but who knows, just my loony tunes analysis :p
