Medianlines
NZDUSD: Fantstic Sell OpportunityPrice is NZDUSD has been consolidating below a broken long term uptrend and it now seems that it's breaking below the consolidation. We could enter now into the market but stoploss (above previous high) would be a little expensive. So it would be a much better idea waiting for a pullbak at the upper parallel of the smaller median line set and watch for a setup at that level. Another option would be to just place a sell order at that level. As for profit target aiming to the median line of the large set is most likely to happen and will give a tremendous risk/reward trade setup.
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WHEAT FUTURES 60MIN CBOTPrice is continuing to follow the pitchfork, and is rising. Look for another test on sliding parallel before going higher.
EURGBP: Bearish AB=CD Completion At Key LevelPrice has completed a bearish ab=cd pattern at a level where we meet the lower quartile of a median line and the 0.618 fib retracement of the previous big sell off. It's interesting to see how many times price was rejected from the quartile on it's way up. The problem with this setup is that at the moment we don't have a quality stoploss. So i suggest to wait for a sell setup to complete in a lower timeframe.
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EURO FUTURES 60MIN CME UPDATED 9/13/2016Price is moving on sliding parallel up as we have multiple touches. Look for an eventual break to the upside.
WHEAT FUTURES 60MIN CBOT UPDATED 9/13/2016Price has dropped recently, we are now in a retrace with possibility to reach the gold median line near 432. The expanding pivots
GOLD FUTURES 60MIN COMEX UPDATED 9/13/2016Price fell at around 1364 and then had multiple touches on the pitchfork to show short possibilities and drop lower. The sliding parallel showed support on many occasions. As price came out, you had opportunities to long on the blue line retest, and now price is dropping near WL2
SANDP 500 FUTURES 60MIN CME UPDATED 9/13/2016Price was flowing in a sideways momentum, rose higher recently to retest 2188-2191 area and could not hold. I would expect this to be the high for a while. Hit WL1 and dropped all the way to WL5 on the 60MIN chart.
Wheat Futures 240 CBOT Updated 8/30/16Price hit resistance near 450 and also retested blue median line resistance near 430, and has cascaded lower. Look for possible continuation lower to 375-350.
S&P 500 FUTURES 240 CME Updated 8/30/16SandP is starting to drift lower, watch for levels to break around 210 then look for 2140 to hit the pink median line if new lows are made.
WHEAT FUTURES 240 CBOT Updated 8/22/16Price stalled and reversed on lower sliding parallel and followed up on blue median line. look for price to test 430 then show if it will rise or fall.