Stay short until interim target of 1940 is reached, then switch position. Make sure to get out by the end of November if you don't want to get fried.
In the medium term, gold is in the 5th wave of an ending diagonal that could end around 1030. But before heading to new lows we could see a correction towards 1120 levels in the (B) wave. In the long term, gold should start a multi-year upward move towards 1450-1500 during these years the sentiment will shift from bearish to bullish and analysts will call for new...
We have 2 scenarios to join this pair. Scenario 1 - go with the break of the trend line Target 1: 0.7180 Target 2: 0.7230 Stop Loss: Exit if price closes below 0.7100 Scenario 2 - after the double wave duplication completes look to buy from the 0.7080-70 zone Target 1: 0.7140 Target 2: 0.7180 Stop Loss: Close below 0.7070
In oder to forecast future cycles, the most important thing is to begin right, for if we have the right beginning, we will get the right ending. If we know the cause of the effect there can be no doubt predicting future event of effect. WD.GANN. So far, according to studies of Jeanne long, The silver has repetitive price patterns when the Venus and Jupiter...
After analyzing the vixfix spikes and 75% retracement levels, and their effects on price when retesting said levels, and contrasting these to the time at mode signals on this chart I concluded that the downtrend in the Australian dollar might be short lived, althought potentially very steep. I projected two targets on chart, as well as the different potential...
There is a double wave down which will be completed very soon. There is also bullish trend line waiting for the pair Target 1: 0.6400 Target 2: 0.6700 Stop Loss: Below the trend line and support area.
Continuos consolidation at currencies market will be ended soon. But this pair still have a few possible counts. Main scenario: The pair are doing a triangle patter in wave x of wave y of wave ((2)) . This triangle may last few weeks. After this the pair should bring an excellent opportunities to falling down in wave ((3)) with first target at 1.155 =...
Price broke out of the previous range / consolidation and is bouncing off the broken resistance level that turned into support. Next we are heading to a retest of the 270 resistance area. Volume confirms the breakout and MAGNUS Cycles indicator gave a buy signal, too. RSI is hot but not yet overbought, allowing for more upside action to unfold. A break of the...
I expect a mirroring of the price action from the left side of the B point. Thus the CD leg should have the same (negative) slope as the XA leg. Then I noticed that it would form a harmonic pattern and I checked out the harmonic ratios. Turnes out that all are fib ratios. The OTE sweet spot is actually a fib ratio, too, but not many know it. Out of interest I...
EURUSD creating big triangle in wave (4). In this chart I connected cycle analyse and Elliott wave count. In my main scenario is that the pair will making wave (d), which must be complete nearly on the 12th of May (+/- few days). If look on middle of the cycle , that the pair have: a. time interval to get a new low level RSI b. completed wave count in wave...
Above chart screwed up by update, fixed version: ______________________________ A way to predict not just time and price of the next bottom but also the target of the bounce to follow, you've asked for? Well there you have it! I have been trading this phenomenon for a few months on smaller timeframes already and it turned out my orders in January weren't that...
The last 3 market cycles have something in common - they all seem to last for about 7 years with a rising trend for the first 5 years and a consecutive decline for the next 2. Irrational exuberance or?... Some arguments for reflection follow: 1) rising USD would/should hurt U.S. equity earnings in near term. If innovation does not negate the effect of rising...
Just wait till half of the month, then buy SPX500. Every month, without an exception SPX500 decreases for half of the month, then reaches new high by the end of month. So, I would suggest to wait till 15th of March. Wish you a lot of profits
Volume and OBV are both not supporting the bullishness of this wave (III) We are likely to continue forming the wedge (in 5 waves ideally) on lower volume and break down right after. Sell here and buy at the level of green support trend line. For further analysis check out my other published charts that I linked bellow. Cheers : ]
Is silver’s seasonality about to monkey hammer prices lower? As market complacency is regained through a positive non-farm payroll headline, precious metals have been retreating on a stronger dollar and the assumption that the Greece v. European Union tension will end up honky-dory. However, are silver prices about to get pounded lower? Looking at a chart of...
XOM shows a fairly good example of a 7 Day Cycle - of which one could calibrate their options trades in respect to the overall move in 7 days. Take the IV Rank of the month option chain and multiply by 0.408 to get the "true" IV for that time frame. (Tastytrade provided the Volatility to Scaling formula: 7.5 days - IV*0.408) The FEB (22) Option Month shows a...
Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops. Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price....
Hello guys, After the recent break of crude oil out of a really lengthy consolidation phase (Triangle), as anticipated we're seeing lower lows ever since. This trending environment makes every Elliott Wave trader happier than any other time. In the previous 14 days we've been sitting in the retracement of the recent down-move. We're heading towards a sweet...