Mooncycle
XAUUSD, 4hr tf, buy above the kumo cloudHello my friends,
Today is the last day of August. I am taking it slowly since it is the monthly closing candle.
Today i am going to analyze XAUUSD as it has been long since my last trade with XAUUSD. I haven't found a good setup to trade yet so i didn't trade this pair.
What come to my mind after seeing the 4hr chart of XAUUSD at a glance are:
1. Price above the kumo cloud
2. Price broke above the descending trend line
3. Conversion line crossed above the base line
4. Parabolic SAR switched from above the price to below it
5. Full moon cycle is very near !!!
For those who are familiar with moon cycle, there is some cycle that go along with gold and it could offer a good opportunity to trade. But only looking to the technical is good enough to give us reason to long/buy XAUUSD
Buy XAUUSD 1963
Stop loss 1950
Take profit 1 @1976
Take profit 2 @1989
Take profit 3 @2002
Disclaimer: I am buying XAUUSD from 1963 as per this writing
RR ratio 1:3
Use only 1-2% risk
Good Luck
US 30 Bear Trend: Megaphone Tar Double Bottom Crash Landing SiteUS Equities in downtrend off ATH from July. Price action strongly mimics last year's selloff behavior. Pull chart right to see the 2018 Megaphone. Targets in chart are determined by TL defined by these Megaphones. Price labels are estimates and actual prices of course will vary; past performance is no guarantee of future results!
2019 Megaphone is Bigger and the subsequent Great Drop will be deeper. Currently trades near top of retracement in 'h' pattern which Time Cycles (green ribbon) suggest should complete on or about 14 August, coinciding with Full Moon on 15 August. We got a 62% retrace in NQ and ~50% in Dow. Expect to rollover at or near 26500, has traded to 26400 so far, maybe already done; or might have one push left, exact price is chance.
Near-term bottom of the 'h' right leg should end up at or around 24750 +/- 80 pips on or about Monday, 26 August by Time Cycle, coinciding closely with New Moon on August 30, when price should rally a final time. Exact price is chance. Expect a monster relief rally there until 14-17 September, coinciding with Full Moon on 14 Sep, to around 25800 +/- 200 pips; these rallies carry index above the 'h' hump, should get to the upper TL on megaphone. Again, exact price is due entirely to chance. Apres ca; la deluge.
The Big Sell may commence on or about 17 September (Constitution Day, and the 167th anniversary of the Antietam battle, AKA Sharpsburg, after the Full Moon.
www.history.com
Selling may be expected to last for six weeks in an unrelenting downdraft, culminating in a panic crash to a lower low than 24 Dec, and forming a giant annual 'h' terminating on or about Tuesday, 29 October, coinciding with the New Moon on Monday, 28 October.
NB: IMO it is not coincidental that 28/29 October 1929 were also on a Monday and Tuesday; eerily the waning Moon cycle ended on 30 October 1929, with New Moon on 31st.
www.calendar-12.com
"Black Magic!" you say; but biologically, these patterns are borne out time and again by history; the madness of crowds and human mood is definitely influenced by Circadian Rythym, and closely tied to Lunar Phasing. Gravity waves have been detected on the floor of the NYSE, LOL!
The negative impulse should form a true Elliott wave 5-wave impulsive pattern with three major selling waves and two weak countertrend waves. I did not show these in chart for clarity, as we approach the event future ideas I will publish these waves as they unfold.
As always, this is just another addle-pated, crackpot idea and clearly does not constitute any sort of investment advice.
That being said; I must observe I accurately predicted the May ABC correction and subsequent ATH, see published links below.
We are currently in Distribution Phase of the final leg of a monster bull market, so please: Trade at your own risk; GLTA!