Csys

Csys

If we had taken the head-and-shoulders top to trade, we would have luckily been stopped out at the breakeven point. The fact that the bulls could not overcome the shoulder level indicates weakness, and fortifies the power of a possible bearish breakout of the formation. Now are again in a bullish phase, which covered the latest gap, and which seems to be insistent...

Csys

The market is in a uptilted rectangular congestion. Two possible routes are in the chart.

Csys

Downtrend is in effect, though the picture is so far from giving a proper sell signal. We will wait.

Csys

Contrary to all other DJIA components I have examined so far, General Electric stock seems as bullish as it can possibly be. The high-volume November 2015 bar penetrated into the resistance level, and we have recently witnessed a reaction from the same TL which this time acted as a support. I believe the mark-up phase will continue until the all-time highs.

Csys

Coca Cola is in an ascending type of formation, in which it would be risky here to go long because the upper border is too close. It would also be too risky to go short here before any definite signal.

Csys

It seems it's best to wait until the battle is over.

Csys

This formation occurring at the top signals weakness. The broadening top failed, and a descending triangle-like formation seems to be in the making. Despite the apparent weakness of the stock, the weekly support (green dashed line) has proven to be still in effect. No definitive signal is in play at the moment.

Csys

The downward TL has been broken; the ML is targeted.

Csys

I have in mind launching a private stock market index called the Speculative Index with a portfolio comprising of long and short positions in DJIA companies based on speculation, just for fun and experimentation, you know. That could hardly be called an index, I know, but let's not talk about it. I will begin publishing ideas about the related stocks, then I will...

Csys

This chart perfectly illustrates my current tendency towards a new way of charting. Classical technical analysis is highly drawn on. Simplicity preferred. Price action analysis is combined with an elegant selection of modern techniques. There we go.

Csys

The pair has been pushed by the Euro bulls as with most of the Euro pairs. I've been looking for a good Euro pair to enter on the long side, and this one seems to be a perfect candidate. I will wait for today's NY close, and then decide. The bold line is the ML, and I expect a close above that line. If bulls won't prove as successful as I expect, it means I will...

Csys Updated 

It seems the picture is tradable both sides as the triangle breaks.

Csys Updated 

The pair trades in a strong supply zone, and a bearish continuation seems highly likely. Notice the out-of-line movements during the trend. Those show the weakness of Pound Sterling against Swiss Franc. The flag break-away on 23 February 2016 showed the latest example of the bearish thrust, and the following pullback formed a bullish channel, at whose breakout...

Csys Updated 

This picture looks like a short-term buy.

Csys Updated 

Everyone is aware of the relationship between Aussie-Kiwi and the precious metals. Australia is one of the largest gold producers in the world, on which New Zealand's economy is heavily depended. Thus, it is of no surprise that the bullish outlook in the precious metals (see the linked ideas) is correlated with NZD. I am already on the long side of the precious...

Csys Updated 

The triangle breakout in the index was not confirmed by yesterday's EOD data, though all Gold, Silver and Platinum are continuing their bullish move today. We are in the half way finishing the day now, but I prefer waiting for the FOMC news, which will be announced in a few hours, before giving a decision. For a diversified portfolio, I will be trading all three...

Csys

With Platinum, my long entries in the precious metal market comes to an end. Notice the decisive early break-away happened in this metal, one day prior to Gold and Silver. What a precious metal trader should notice other than this is the congestion which clearly takes place above the bearish TL. This clarity does not exist in other metals, and therefore makes...

Csys

Please check the other analyses in the series to get a better comprehension of the picture. What we have witnessed in the February 2016 congestion in Silver was a flag, which went at a deeper percentage compared to Gold, which looked more bullish during the period. As if to compensate this, the break-away of the congestion is more decisive with Silver, as seen in...