Golden_Phi

Golden_Phi

BREXIT volatility may be a wild ride, however it has unfolded technically perfect. To fully appreciate this you should take a quick look at this chart first. This shows a perfect ellipse pattern we had been following the recent USD moves with and you can see it followed along nicely. The current chart here shows the market completing the ellipse,...

Golden_Phi

Originally published Aug 1st, this updated chart zooms in a little closer to look at potential pullback possibilities. Yellow boxes represent a = c. Grey extension target is c = 1.618 of wave a. This ratio has been chosen because inside the first wave a, wave c of that structure is 1.618 of a. Fractal market theory suggests we could see this again, at a larger...

Golden_Phi

Potential to see another wave down similar to "a" wave.

Golden_Phi

Next EURUSD Targets and Technical Trigger Considerations follow the technicals!

Golden_Phi

While the longer term view is for more down on the USD, current lift has potential to be significant... this is good to cross reference with your thoughts on the EURUSD or any other crosses

Golden_Phi

After filling the gap we are watching for the next move : break of the 13maLBB or lift back over the 13ma on the 3min.

Golden_Phi

After filling the gap we are watching for the next move : break of the 13maLBB or lift back over the 13ma on the 3min.

Golden_Phi

EURUISD 60min -Channel Trigger

Golden_Phi

Break of channel offers opportunity to fill the gap (on downside) or lift to UBB (upside)

Golden_Phi

Multiple contracting Cup & Handle patterns and projected lifts based on the pattern. These are also occurring inside wedges - smaller red and a larger grey/green. Breaks of significant technicals offer trigger considerations for the next move, regardless if the pattern holds or fails. Cross reference this with the USD: USD has potential for significant drop,...

Golden_Phi

Multiple contracting Cup & Handle patterns and projected lifts based on the pattern. These are also occurring inside wedges - smaller red and a larger grey/green. Breaks of significant technicals offer trigger considerations for the next move, regardless if the pattern holds or fails. Cross reference this with the USD: USD has potential for significant drop,...

Golden_Phi

Significant levels coming up. If they are broken we could expect the market to drop down to the next. Long term weekly view shows potential down trend - at the very least a correction is needed for the large lift.

Golden_Phi

Goofed on this - see re-post with 3 charts : weekly, daily, hourly

Golden_Phi

AUDUSD Technical Opportunities Current sideways consolidation offers opportunities when broken.

Golden_Phi

Next Potential USD Moves Technical trigger considerations: Watch for a break of the 34ma on the positive - 13ma also available, less risk for a move to potential target. Also a move between the ma's offers an opportunity. Downside: a FIB level, BB and significant support / resistance (s/r) offer technical opportunities for a move back to previous lows and LBB.

Golden_Phi

I was recently asked by one of my students what was going on with the market. She was having trouble making heads or tails of the recent action on the S&P and was asking how she should be looking at the charts. I thought this was a great question, and I know that she is not alone! I regularly come across market action that will have me scratching my head. I...

Golden_Phi

Head & Shoulders Pattern inside a wedge. IF pattern follows through Silver could see a dump to $12.00 (-25%). IF Wedge pattern breaks to the upside, then a lift to $19.00 can be seen (+ 18.75%) Wedge pattern support and resistance offers TRIGGER considerations, regardless of a move up or down. Wait for the market to tell you what it is going to do and follow along.

Golden_Phi

Note the market respecting the channel from 2004. Large rising red channel has a range of approximately 240pts., allowing for large moves while still remaining within a positive trend. Market technically remains within a positive trend until we see a break of the lower red support. Technical confluence of several significant s/r's has us looking towards the target...