EXPR Crossing MA on Fib TimescaleI will be watching EXPR tomorrow (26-Mar-2021) for a potential breakout as the daily moving average crosses above the weekly moving average that coincides with a Fibonacci time scale sequence.
No particular targets have been set.
However, previous levels of support/resistance have been identified.
Timescales
Gold: Clean buy cross on 8h fractal oscillatorGold could go a bit lower but shows clean oversold upcross on 8h oscillator. 16h oscillator about to upcross as well without reaching fully oversold.
Fractal composite ribbons are turning up from downtrend, preparing for divergent higher lows?
GDX Quad-Timescale Oscillators Agree Elliott B-wave of (2) downWe're at a great juncture on GDX for illustrating how Fractal Resonance Oscillators can help confirm a particular Elliott-wave structure. This is Avi Gilburt's primary count on elliottwavetrader.net and (for now) it perfectly matches the oscillator states across all 8 timescales.
Notice the upcross on 15-minute oscillators coincident with the little bounce at end of day Friday. Simultaneously, the 4-hour oscillator finally registered a downcross sell. It's VERY common to see these simultaneous opposing peaks on oscillators ~4 rows or 16x apart. We trade this with an immediate scalp buy but are ready to sell more heavily on next 15-30min overbought downcross and then buy even more heavily as 4-hour becomes oversold.
This kind of scalping along the shorter timescale with big positioning guided by longer timescales is important. Backtesting shows that if you solely try to trade the longer timescale crossovers (i.e. take this 4-hour sell right now even though we have 15-minute buy) you will usually LOSE money due to the large lag in the longer-timescale oscillators.
