CitRoN_RouGe

CitRoN_RouGe

I think Euro bulls are no more eager to buy further, price action consolidating in an SHS_ formation. MACD gives a good sell signal on 4H chart, but the price could not make its mind yet around EMA200. This formation might be a good opportunity to take long-term short position. An event shall trigger the move, maybe today’s US CPI_ figures above...

CitRoN_RouGe

Since last Friday, bitcoin prices spiked from 4300 to 5800 high of last night, making a range of 1500$. The price seems over-stretched and maybe needs to breathe a bit. (1800-5000-3000) Fibo extension level 0.786 was reached at 5400, even broken up to 5800. This makes a new higher high. The higher Fibo extension level 1.000 around 6000-6100 seems to be the next...

CitRoN_RouGe

Following bounce back from Fibo 61.8 retracement level, gold price climbed back to 1290s again. Now the price is around EMA200 on 4H chart. I think that this year’s popular resistance band of 1295-1300 shall determine the direction. (1) If the band is broken upside above 1300, this may confirm that 1355-1260 decline was a retracement of the 1205-1355...

CitRoN_RouGe

Making a dip around 3000, the market recovered back to its bullish mode. The price climbed up to early-September high level 5000 again, this seems to be a second trial to break this resistance. If broken, Fibonacci extension points the next high level as 5400. By the way, this Hadouken’s haircut is really terrible:(( recommend him a good barber…

CitRoN_RouGe

Price is range-bound between 1.17 and 1.19 since end of August. Today this consolidation channel might be broken. I expect remarkable volatility after release of FOMC Meeting Minutes today. Actually we have priced in already what we heard from FOMC members, so there shall be something extra hawkish in the minutes to see (maybe a clue regarding a possible rate...

CitRoN_RouGe

Unless the descending resistance line is broken and the price stays above 115.0, we are in the bearish area. A reaction from the resistance line might be a good opportunity to short USDJPY in the long-term.

CitRoN_RouGe

Fractal pattern repeated three times (a rare case already). If the pattern still continues, next point shall be below 1260… a new lower low. Otherwise, this is a double-bottom basing.

CitRoN_RouGe

Chart patterns give clues of trend reversal to long WTIUSD. Shortly @trajkovic will take stage and explain us the rest of the story…

CitRoN_RouGe

Uptrend of previous cycle was as follows: (1) Follow the 1800-3000-2400 move making the dip of 2400 at Fibo 50.0. (2) Taking the Fibo extension of this, bitcoin price first spiked to 4200 level ~Fibo 1.618. (3) After consolidation, the final peak of 5000 was somewhere between 1.618 and 2.618. If this Fibo pattern to repeat: (1) 3000-4150-3550 confirms Fibo 50.0...

CitRoN_RouGe

This shall be a kind of a matryoshka nesting… Go Babushka !

CitRoN_RouGe

Autumn seems to become a rest time for Euro. Shorting lower highs might be a good idea.

CitRoN_RouGe

The picture is bullish. Trying to break 4400 resistance once again. See the ascending triangle on 4H chart. Either 4400 level will be broken or a sharp reaction to come.

CitRoN_RouGe

If the pattern repeats again, the fractal structure points 1290_ Maybe NFP data to complete the pattern…

CitRoN_RouGe

3000 seems to be the new dip level, which will be re-visited again. Long term idea: If the pattern is correct, price will break above 5.000 resistance. Then, short at high points above 5.000 and wait for 3.000 to take profit...

CitRoN_RouGe

Buy opportunity to recover back to pin high level 160 of Brexit voting day. Bollinger bubble (…I call it so…) showed a signal to close itself and then to begin to contract. I will be watching for formation of the dip point “X” on the chart and for a reversal from this point to take long position.

CitRoN_RouGe

Looking at the repeating price moves this year, may we say that 1.3200 is a potential dip for the next spike ???

CitRoN_RouGe

On the weekly XAUUSD chart, I marked the bounces of gold_prices between upper BB, median line and lower BB…. Bollinger bands seems to have worked pretty well, which might give us a clue. Engulfing red candles clearly indicate the strength of bears in the market. Now we are on the median line of Bollinger Band, where we might see a reaction of bulls. Otherwise,...

CitRoN_RouGe

A basic observation on long-term major support/resistance lines.