The Unicorn - 3 peaks domed houseThis idea is a basic 3 peaks and domed house model. A= 20,000, B= 27,000, C= 23,200, D= 27,000, E= 22,000, F= 29,500, G= 19,800, H= 29,000, J= 26,000, K= 30,000, L= 30,000, M= 35,000, N= 36,500, P= 35,000, Q= 32,000, R= 31,000, S=17354 approximately.
The calculation is as follows; F minus G=9700. N minus G=16,200. The swing over ratio = N minus G divided by F minus G =1.67
N minus G times 1.67 = 27054 minus (F minus G) = 17354. I am basically saying that there will be a fall from 31,000 on the Dow Jones Industrial Average to 17,300 or there abouts in the next downleg of the current bear market. At this point I would be going long. I am also using a gann whell and a fibonacci time sequence on the horizontal axis to give some guidance. RSI is showing support and resistance and divergence at some points.
Intervals
Long cycle projected lows and highs for the S&P 500The idea is to take a long perspective using RSI and On Balance Volume OBV to project a possible timeline for expected lows and highs in the near to medium term future. The starting point is point A (1st Nov, 1994). Point B (3rd June 1996), Point C (3Sept, 2002), Point D (2nd April 2007), Point E (2nd Feb 2009), Point F (2ns May 2011), Point G (3rd Oct 2011), Point H (1st Nov 2013), Point I (1st Feb 2016), Point J (2nd Jan 2018), Point K (2nd March 2020), and Point L (1st Sept 2021), leading to a projected point M. From here M = A and the process begins again. Using May - June 1996 as the high in RSI 12 years and 10 months from this date is the 2nd of Feb 2009 low. Projecting from this date 14 years and 9 months to 16 years and 3 months gives us the dates August 2023 to January 2025 as the range of time when the next cycle high in the market is expected to occur. I am using the period of 14 years and 3 months because that is the shortest long interval on record and 16 years and 3 months is the longest long interval on record. Therefore somewhere in-between these two dates is the highest probability of being correct. This is not to say that it is impossible for them to be wrong. On balance they are the most likely to happen. The plan is to use the OBV to make decisions about when to accumulate. This is when it gets close to the bottom part of the parallel channel. When RSI is to used when it gets close to the projected point M. Selling to purchase other assets should occur between August 2023 and Jan 2025.
Avoid Clipped IntervalsDid you know that the final interval of each day can get truncated if the periods you selected don't fit evenly into a 24-hour period?
This can cause unintended and perhaps undetected flaws when you draw lines on your charts.
Fortunately, there are 34 intervals that will fit evenly. Here's a list:
720m (12h)
360m (6h)
288m (4h 48m)
240m (4h)
180m (3h)
160m (2h 40m)
144m (2h 24m)
120m (2h)
96m (1h 36m)
90m (1h 30m)
80m (1h 20m)
72m (1h 12m)
60m (1h)
48m
45m
40m
36m
32m
30m
24m
20m
18m
16m
15m
12m
10m
9m
8m
6m
5m
4m
3m
2m
1m
Avoid Clipped IntervalsAre you aware that if you select an interval that doesn't fit evenly into a 24-hour span, TradingView will clip the final period so that the next day begins at midnight?
This can cause unintended and often undetected flaws when drawing lines on your charts.
Fortunately, there are 34 intervals that will fit evenly. Here's a list:
720m (12h)
360m (6h)
288m (4h 48m)
240m (4h)
180m (3h)
160m (2h 40m)
144m (2h 24m)
120m (2h)
96m (1h 36m)
90m (1h 30m)
80m (1h 20m)
72m (1h 12m)
60m (1h)
48m
45m
40m
36m
32m
30m
24m
20m
18m
16m
15m
12m
10m
9m
8m
6m
5m
4m
3m
2m
1m
XAUUSD:Possible Trading OpportunitiesThe price has breached the previous 1250-1265 shock interval already,and the possible trading opportunities are as follows:
Plan 1:Buy long when the price pull back the 1263-1265 and target is 1275 and furthur more;
Plan 2:Sell short when the price hit the 1275-1277 zone for the first time and the target is 1265;
Plan 3:If the price break up the 1275-1277 zone,buy long when the market pull back and aim at 1300;
Plan 4:If the price move back to the 1250-1265 interval,just sell at the top and buy at the bottom until the interval is broken.
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.