In the day 44 of the current daily cycle, wti is well placed in the timing zone to bring Daily Cycle High and start its journey towards Daily cycle Low. I believe June 18-20 is the time for the bottom of this cycle but it may go a week beyond that because of fundamental forces that can extend this cycle. I am sure you have noticed the negative div. and other...
As I trade the days not the prices, I believe it is time for copper start its fall till 10 to 15 days from now. my target is around $420-430. Neg div is obvious and the seen is postured for the play...
WTI is in time band to print its daily cycle high and decline to 10dma around $63. the fundamental I am looking at is negotiations on Iran deal coming friday. A positive outcome from the meeting will complete the puzzle.
interestingly the ecan be shaped and coordinated with key levels
As traders we now what lays around 1717 and then from 1727 to 1738. I use these tree points as potential sell points the daily divergence is still there and seemingly to hold WARNING we have important data coming tomorrow and we do not fight the FED no matter if they seem silly
audusd is a great potential sell opportunity. waiting for confirmation
very simple and obvious price is near the top of the channel the harmonic pattern is almost completed a negative divergence is laying there
Gold is near critical resistance at 1723 being boiled by trump's administration hits on china and hong kong. welts wait for coming hours to take the best initiative considering the changing dynamics of this game
Just an idea we retrace 86% from 1700 to 1450 which finds leg at 1676. then we can fall 62% of the climb and go down to important level of 1535. according to my time cycle calculation the top shall take place around 1st April and the target shall be seen 3 weeks later
King dollar was ruling the markets last week but every king shall take rest to continue its reign. Friday daily candles in dxy, usdjpy and eurusd all whisper for correction while divergence can be seen on the horizon and shark patterns swimming below the front deck. the army of longs, defeated badly last week, has gathered all its rebels to take their honor back....
Gold completed a 5 wave up till 1690 then making a WXY pattern. We are now in Y and finishing the (a) wave while completing a Harmonic figure targeting 1611 to 1640 for making leg (b) and preparing for a final drop till (c) and Z around 1538.
chart is clear but never underestimate the fundamentals. I try to update you with the news and financial decisions around this pair