FluxCharts

FluxCharts Updated 

Price has broken through two wedges to the downside and has also closed below the key 143 level. The momentum indicator is negative. Further downside likely.

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Head and Shoulder formation on the Bloomberg iShares Commodity Index. Attractive trade also in the current inflationary environment for one's currency to maintain purchasing power. Target @ 37.50 corresponds to high in Aug 22.

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Triple top at 152 rejected by a hefty red bar this week. If the bar's low is convincingly broken as price breaks out of the wedge, (quite a bit) lower prices likely.

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Should the red bar and wedge breakdown, there will be a lot of longs that got in recently on the large uptrending bar that started the wedge looking to get out (see Vol). Momentum indicator also showing a new bearish phase has started.

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We're likely in for another leg down: 1) Price bounced off key support at $173 multiple times, however bars getting smaller at each bounce 1) Recent green bar that failed (high not broken) 3) Momentum indicator below 0

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BTC chart is giving warning signs of breaking down in the coming days. Reasons, in chronological order: 1. Price broke down from an upward trending megaphone pattern 2. Price did manage to get back to just the the midline of the megaphone pattern before trending down in a downward channel (dotted orange lines) 3. Price broke down with a sizeable red bar through...

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Breaking out to the upside in a H&S type formation confirmed by system bullish bars. Target $4.10, i.e. just below gap from a few months ago.

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While we're still in a long-term uptrend and targets as shown in a previous chart have not changed, the 3 day chart is showing a slow down as marked by consecutive white bars forming in a wedge. This signals a pause and this indecision could propel price higher or bring price down for a breather given the divergence in the momentum indicator. Monitoring a lower...

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Price broke through the upper range of the flag, retraced and is now pushing up again. The system has drawn a green bar, confirming the long bias. 1:5 RRR with a $3k target.

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ETH looks pretty bullish on the weekly chart, trying to pop out above the trendline. The long-term targets look encouraging, e.g. $6k as a first target at the 1.27 with $18k as an ultimate target. A close below $1600 would call this strategy into question and a close below $1350 invalidate it. Note: the Fib lines line up with multiple support/resistance lines...

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Note: Weekly chart, so this is a longer term trade Price has put in a fairly bullish bar last week and the system has signalled a new long trend a number of weeks ago. This makes it a good time to go long, also because the Fib extensions line up with support/resistance areas above with a 7.5 RRR to the 2.61

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A somewhat early entry but with good RRR given that the fib extensions line up perfectly with resistance/support lines below. Half size entry now. Will add other half once new red candle is drawn and its low broken -> confirms bearish trend as per system. Target 1 @ 1.27: 1.0500 Target 2 @ 1.61: 1.0350 Target 3 @ 2.61: 0.9900

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On a weekly chart, Silver is showing strength after breaking out of a long term wedge, retracing and bouncing off the top line of the wedge. Why against the yen? Because of the extreme yen weakness that is likely to continue in the coming weeks/months. Note this is a log scale. Target: ¥5450, a 72% move up from here. An early entry now gives a great RRR. If...

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Yen continued weakness -> USDJPY long The Yen is continuing it's strong downtrend, resulting in a fast rising chart across most yen crosses. For the USDJPY specifically, the first target was reached a few days ago, with the following targets now in sight: 144.50 (1.61 Fib extension) 155.00 (2.61 Fib extension) 170.00 - Ultimate target for this particular...