Flash430

Flash430 Updated 

Clean looking structure on USD/NOK suggests we are early stages of wave 5 higher to around 10.0 over coming 12-18 months where measured targets and big round number comes in to play. This fits with fundamental view of Oil returning to $25 over similar time frame. After that we could have the much longer term time frame (5-10 years) of USD collapse.

Flash430

Copper has a nice clean EW structure and when it finishes this fourth wave triangle pattern should drop to 2.47 area next couple of months in a final wave five (of 1 or A lower). 2.47 has a nice confluence of prior support and 61% retrace level.

Flash430

Just updated this idea posted last week - now in the buy zone at 58.80 looking for at least a $6-$8 bounce using a $3 stop

Flash430 Updated 

I believe Oil has finished its long upmove from the 2016 lows ans is now headed substantially lower medium/longer term. S/T there is a confluence of support in the 58-60$ area to provide a bounce back to mid 60s before another longer leg lower.

Flash430 Updated 

Staying short OSTK, targets in the 20s can still be reached in coming days/weeks

Flash430

IBEX now at 9180. At 9000 it will officially be in a BEAR market (-20% from 2017 peak)....

Flash430

Nobody is talking about the long term uptrend line break....YET

Flash430

NDX is clinging to its medium term uptrend line. A break and close below 7310 would suggest a swift move lower (a lot lower!)

Flash430

Quietly under the radar - ZAR weakens to lowest level versus USD since June 2018 as EM ccy carnage continues to spread

Flash430

Copper has had a capitulation type sell off today to reach the 2.54 medium term target for the Double Top formation. May get some kind of bounce from here. Could test small long at 2.55 with a stop below 2.50 for a bounce. Personally I have no position as if risk off in markets really takes hold we could see more pressure....

Flash430

Looks like more room to downside (sub 20bps in coming days) as risk off gains momentum. Flat/Inverted curve likely in Q4

Flash430

Trendline break......

Flash430 Updated 

US 10yr yields could be setting up for another leg lower sub 2.80%, possibly as risk off hits markets in coming weeks.

Flash430 Updated 

Triangle wave 4 has played out and 1.1750 zone can be used as a back stop for any short positions. Looks like we are about to embark on a wave 5 lower to around 1.1350 zone where a med term low may look to form for possible long side plays for 5%-6% upside.

Flash430 Updated 

As per the last Tweet on Oil a day or two ago, imo OIL is set up nicely for a potentially large bearish move. Short 69.50 with stop at 70.50 looking for minimum move to $63 and maybe a lot lower in coming weeks. twitter.com

Flash430 Updated 

DAX - about to tumble? There are 3 sets of Head and Shoulders top formations I can see at different timeframes. Hourly - since start of Aug. 4Hourly - since early July. Daily/Weekly - since April 2017. Can try shorts with stop loss levels appropriate to your trading TF.

Flash430

Although over coming days/weeks I think we see lower levels as wave five plays out following triangle (4th wave) breakdown (to 1.1350 zone) very short term there may be a long trade set up as we could see a wave c of mini second wave back up to 1.1640 ish So trade would be buy 1.1560 with stop at 1.1540 (20 ticks) with a target 80 ticks higher for 4/1 rtn/risk...

Flash430 Updated 

Very pretty triangle forming in potential B wave suggests attempts for another leg higher in coming weeks to break up to +50bps+ Need confirmation first (staying above tri support) then breakout.