Auguraltrader

Auguraltrader

From the last post, there was a Gap closure and breakout... well, almost. What happened was a stall after the gap closure. This is the first indication that something is not right and a strong resistance is in the way. After more than a week, a decisive down candle wiped out two prior days of bullish candles, and reopened the earlier gap. This by itself is very...

Auguraltrader

Since the last heads up analysis before the bearish pullback, some more new developments came into play, particularly how the equity market turned bullish... 1. Heads up given for RISK ON in the green ellipse. The weekly chart is actually very obvious with a long tail candlestick; 2. The latter part of that week finished with a combination of a long bullish...

Auguraltrader

on 31 July, heads up given about D-day. That was based simply of a few compelling technical factors observed. Outcome was that there was a blow out rally, followed by an awesome Dark Cloud Cover and then a confirmation bearish candle that gapped down and tanked the week to a low. The spike in volatility was just so awesome and it caught many off guard,...

Auguraltrader

Yesterday, the Gap reopened, after an early week stall on Monday. These last two candles have top wicks suggesting selling pressure to keep the gap open. Thing is, I would have preferred to see a more solid down candle. Meanwhile, this indecision is biased to the downside from indicators and longer term chart (week) point of view. The MACD is in bearish...

Auguraltrader

The week earlier saw the combined index chart log a double top, where last week started to break down. By midweek, the gap (from the previous rally after a breakout) closed. The week ended with a gap reopening. On Friday, this would normally signal a reversal and a bullish reopening of the gap, but it looks a lot less likely given that the MACD is clearly...

Auguraltrader

Earlier last week, whilst on a trip, I quickly pointed out a little of the unthinkable as BTCUSD broke down out of range... a bottom of 40K in mid-August.. Today, perhaps I can explain in greater detail how it comes about. 1. BTCUSD had a double top in the recent range, and exited the bottom of the range to break down and close past the last resistance lines....

Auguraltrader

Pretty self-explainatory, the recent days have had BTCUSD drop out of the consoliudation range (yellow box) and into lower levels. This is concomitant with a MACD breakdown as well. Projecting forward, the next buy time and price expected, are given.

Auguraltrader

Some time ago, a good friend tol me about buying DQ. That's when I started tracking for this friend's benefit, and offering my own perspective. Real as it was, previous calls were pretty on the spot and DQ dropped significantly since I started looking at it on occasion. I am looking at it again now... and I see nice things for a bullish run to commence soon. 1....

Auguraltrader

Just noticed this one... Geometrical patterns showing two break outs of trendlines, and a projection to 30 by end of 2024. Other technicals are just about to turn upwards, but more convincingly, the weekly candlesticks are string bullish after bouncing up to breakout of trendlines. The monthly candlestick is a bullish engulfing for the month of May by the way......

Auguraltrader Updated 

Have been tracking Gold and the Gold miners ETF GDX... It has been a while and it appears that Gold and GDX are at least in sync again. GDX appears to have closed the week above the long term range and just broke out, if not about to... MACD and VolDiv have not yet crossed over but indications show. The TD Setup is still showing primary bullish and a new Setup is...

Auguraltrader Updated 

2023, the SGD/MYR rate should be looking about 3.45; and if this is so, then from end Oct (4Q2023) is possible for the rate to be 3.7ish. I do not know the economic fundamentals enough to comment, but the technicals are already pointing to that projection. Long ago, I heads up friends about the SGD/MYR going from 2.5-2.6 to 3/3.50. First part happened within a...

Auguraltrader

Just wanted to show something here... I do play around with timelines, and with BTCUSD, it is a little uncanny that more of these are followed. See example in chart for pretty much 2024, only one time in end March did it fail. Otherwise, there is a 7-14 day heads up on the imminent direction. Uncanny. So the point is that tomorrow should see the peak, and by...

Auguraltrader

Just a quick demonstration... Accouding to the TD Setup rules, a normally perfected TD Buy Setup would see the lowest point of the 8th and 9th candle be lower than the lowest point of the 6th and 7th candle. This to say, if it is normally projectable, then there would be a Lower Low point less than 17113 over the next three days, if not another three days after...

Auguraltrader

Using the BTCUSD 4H chart, here I show how to do: 1. Projection for upside target; 2. Identify and qualify a breakdown. First, if you scroll to the left of the chart, you will see that a rally and retracement was identified. An arrow was mapped to the length of the first rally. Then clone the arrow and shift the clone to start at the bottom most point of the...

Auguraltrader

As in chart projection, downside firmed and first target is 62,000 Waves of Lower Low broken the bullish uptrend, so reversed for short bear trend.

Auguraltrader

The SG10Y Bond Yields spiked and got back into the range. Then it spiked further today attempting to breakout from the Gann Fan trendline. MACD somewhat supportive but not yet crossed over. An early indication of an imminent retracement (indicated within the range). Any further and stronger break would suggest a bigger correction incoming; IMHO, overdue.

02:40

Auguraltrader

This is the FTMUSD chart and how I do the projection. I like FTM cos of 1. What it is 2. It is a reliable laggard that moves after BTC or ETH moves 3. It moves more in percentage terms 4. Technical indicators and chart patterns are relatively stable Do note that there is a target and a top out date/time. So... here it is! Let's track it!!!

02:18

Auguraltrader

This is how I do a simple geometric Fibonacci projection... 1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.