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GOLD (XAUUSD) - 2H Trend PositionI explain why on this particular time frame the 2H at this point in time there is a greater probability for the south. Please note carefully for every probability estimate in one direction, there is a residual probability in the opposite direction (e.g. if 51% for the south there is a 49% chance for the north). There is no way I know to accurately assess or measure probability in any particular direction. In other videos I showed how many missed the Gold storm (for the north). Disclaimer : Whist the position shown is advantageous in probability terms for the south in my estimation, there is a clear indication of loss. I could be wrong - as I am a lot of the time. This means if you short this and lose your money, kindly sue yourself.
FX_IDC:XAUUSDShort
by Captain_Walker
DAX - strong bearish divergence - Fight against probabability In continuation to my previous chart on XETR:DAX , there is a continuation of the bearish divergence. This a signal that price action is not appropriately being reflected in the indicators and may see a halt or correction Like I Said, I went through some data crunching and found the below interesting observations that make the current upward movement by DAX very encouraging (if you do believe in history) and hence the title fight against probability Did you know from 1983 to 2018 (36 years history) for DAX 1. The Sept close candle has been in the Green 25 times and Red about 11 times (so Sept month being higher than previous month probability is about 70% 2.Oct and Nov close candle (that's posted in Nov and Dec respectively) has closed 24 times in Green and 12 times in Red (67% probability of ending higher than previous month) 3. All 3 months ending higher that the previous one probability is 30.56% 4. All 3 months ending in Red is a mere 5% Year Sept Oct Nov (CANDLE CLOSE, POSTED IN SUBSEQUENT MONTH BEGINING) - G (Green) and R(Red) 1983 G, G, G, 1984 G, G, G, 1985 G, R, G, 1986 R, G, R, 1987 R, R, R, 1988 G, R, G, 1989 R, G, G, 1990 G, G, R, 1991 R, R,G, 1992 G, G, R, 1993 G, R, G, 1994 G, R, G, 1995 R, G, R, 1996 G, G, G, 1997 R, G, G, 1998 G, G, G, 1999 G, G, G, 2000 G, R, G, 2001 G, G, G, 2002 G, G, R, 2003 G, G, G, 2004 G, G, G, 2005 R, G, G, 2006 G, G, G, 2007 G, R, G, 2008 R, R, G, 2009 R, G, G, 2010 G, G, R, 2011 G, G, R, 2012 G, G, G, 2013 G, G, G, 2014 R, G, R, 2015 G, G, R, 2016 G, R, G, 2017 G, R, R, 2018 R, R, R, 2019 G, ?, ? Hope this information is useful. Please share a thumbs up and leave a comment if you like it www.tradingview.com
XETR:DAXShort
by LoveForCharts
4
S&P500 got as complex as it could get: symmetrical triangle?!The month of August was very hard to forecast, track and therewith reliable trade as price raced back and forth in a 120p range on the S&P500. Life would be very easy if we'd known beforehand this would happen. But how could one know!? After several back-and-forth races the triangle option became more and more likely and today's price action combined with Friday's adds more certainty to this potential. Because remember that the market always has options to chose from at any moment in time, and it is up to us analysts to try to elucidate which option is the most likely. Unfortunately, triangles are one of the hardest to forecast and track. It's not until at least three legs have completed that it starts to move up the list from "possible" to "probable" and when the fourth leg completes it is then much more "likely". Note that triangles can even have nine legs... Because for all we know, price could have done a simple a,b,c corrective move in the form of a zigzag or flat. So we need to track all these options at first and eliminate them one by one as more market data becomes available. So, after you have read this it should become clear there are NO certainties in the markets. If you want certainty, please put your money in a savings account. If you can come to grips with this uncertainty, and realize that Elliott wave is thus a great forecasting tool that can track multiple options at the same time, and where if/then scenarios based on price breaking above or below a certain price level help eliminate options and that those price levels can help you in your trading for profit taking and/or stop(losses), then you're really starting to master your understanding of how markets work. With that in mind, let's look at the options currently available. The first is that the S&P500 has completed classic symmetrical triangle. It is a continuation pattern, meaning that the move going into the triangle will continue. In this case it was the move from 3029 DOWN to 2822 that was the initiation move. Assuming SPX2939 was the top of the b-wave, then simple symmetry targets: 2939 - (3029-2822) = 2732. Applying triangle "rules", then depending on where exactly price will move below the lower trendline of the triangle -say at 2829- then we're looking for 2622. So we have a SPX2732-2622 target zone, which we can refine once more price data becomes available. The other options the market still has at this moment is to complete a diagonal pattern (labeled as "alt: 3", alt: 4"). A simple 5=1 then targets SPX2957. This would best count as what is called an ending diagonal in Elliott wave terms as the sub-waves count best as 3s and not 5s. A break and close below SPX2890 will take IMHO this option off the table. Note how price so far pretty much bottomed right there today... keeping us guessing a bit longer... ;-) Lastly, and as said, triangles can even have nine legs... so although at this stage I don't find that pattern very likely, we should simply be aware of that option and keep it in mind until disproved. Trade safe!
SP:SPX
by intelligent_investing
5