Nicholas1993Hall

Nicholas1993Hall

Technicals: * We have had a zigzag type subwave in B primary and it hit the 0.38%. * The indicaotors look to be very over bought. * I projected the 0.618% but that is just the sweet spot, well have to see what the subwaves do. Good luck guys!

Nicholas1993Hall

Technicals: * Wave 2 retraced to the 0.618% and the 3rd wave extended to 1.618%. (This is literally the definition of a 5 wave impulse). * We had a zigzag correction in wave two so now we can expect a flat or triangle from wave 4 (Rule of Alternation). * Since wave three is extended we can expect equality from waves 1 & 5. We are also in a channel that meets the...

Nicholas1993Hall

Technicals: * Multiple time frame indicator confluence (4hr, 1hr, 15min all overbought). * Came close to the 0.786% retracement and dropping. * The yellow rectangle outlines the fibonacci confluence zone (potential take profit zone.) Good luck!

Nicholas1993Hall

Technicals: * On the larger time frames we are approaching the 0.786% retracement which indicates even if u bought now you have a safety net that itll come back in your favor eventually. * We are being contained by a channel line structure and the indicators are agreeing with the support once again. * On the lower time frames we are not making new lows. * On the...

Nicholas1993Hall

Technicals: * Wave A broke the Elliot wave impulse channel into a perfect 5 wave impulse that neared the 38% retracement, so now we have a 3 wave impulse to wave B that should last at least 4 days. * EMA broke the channel line confirming a proper retracement is coming. * The Fibonacci relationship: Wave B = 50%, 61.8%, 76.4% of wave A. I have indicated these...

Nicholas1993Hall

Technicals: * In the previous impulse the rule of alternation was satisfied by wave 2 being a flat and wave 4 being a zigzag, therefore validating the impulse. * In our first ABC correction we came to the .618% and was a zigzag in nature, and now we are in the process of a double combination. * This next corrective structure could be anything really, I am...

Nicholas1993Hall

This is something my mentor taught me and it is very effective, in short its a channel with a sub channel within it. The outer channel is better for trading the daily chart, and the inner channel is best traded on the 4hr chart. All i did was connect and highlight price reversal points, and as you can see the pitch fork reversed price multiple times. I hope you...

Nicholas1993Hall

Technicals * We have an impulse with a beautiful and obvious ABC correction, which looks like the start to another impulse. * We have the USDX looking to have a bullish year, and on the weekly we are at a major resistance channel line. So what do we do from here you are asking?! * You can clearly see a five wave impulse in wave C so regardless of the longer term...

Nicholas1993Hall

Technicals *Gold and the USD are inversely correlated (When the USD goes up, Gold goes down since the USD is not backed by gold.) And the USD is bullish. *With an impulse of that magnitude previously a shallow retracement is not likely. *The trend lines just represent a wedge coming to an end and a dramatic move in a direction. Its not my favorite chart this...

Nicholas1993Hall

Technicals *Weekly stochastic over sold/ Daily and 4hr indicators are in over sold correlation also. *Price is narrowing within the channel signaling a potential reversal. *The NKY index is starting a long term retracement, which give CHF more strength. *Trend lines from different price swings indicate where some of the starting and stopping points will be for...

Nicholas1993Hall

Technicals *The NKY (Japans currency index) is due for a longer term retracement, a possible 6 month pull back due to the size of the previous impulse. *The USDX just finished its retracement and is projected bullish this year. (So if you can figure out 1+2=3 u can see what i am saying). *We have been extremely bearish for a very long time with no significant...

Nicholas1993Hall

Technicals *We are going to be starting a longer term down trend since the USDX is in for a bullish year. But nothing in forex goes in a straight line, so i will estimate a 93 pip buy to the 0.618% before we start dropping significantly. *USDX is due for a pullback on indicators. *Other pairs such as (USD/CAD) have strong short opportunities this week, therefore...

Nicholas1993Hall

Technicals *We have an extended wave 3, so waves 1 and 5 should be related in size. Meaning we may have to wait until tuesday for the best entry. *All 4hr indicators are very over bought. *USDX on the 4hr is also over bought and due for a small pullback. *Wave A in a perfect world hit the 38% retracement, meaning a 320 pip drop! May the pips be with you this...

Nicholas1993Hall

Technicals: *At prior resistance and over bought on indicators. *The USDX is starting an uptrend. *Channel line structure is being respected. Fundamentals: *The Euro zone currencies strength was exaggerated for too long due to the U.S. government shutdown. *The U.S. dollar and economy is projected to be strong this year by financial institutions.

Nicholas1993Hall

Technicals: * We have completed a five wave impulse. * We are at the previous resistance high that held strong many times. * All indicators are over bought. * I used a confluence of three retracements off of the major swing lows and found confluence at the .382% which makes sense to me since we are starting a longer term bull market. Fundamentals: * The USD is...

Nicholas1993Hall

Technicals: * Long term channel on weekly has been met. * Completed a 5 wave structure with a Expanded flat retracement of the recent impulse. * Double top confirmation that we will not break that price level. * Weekly indicators showing extreme over bought conditions. Fundamentals: *The USD is projected to be stronger this year by financial institutions. *The...

Nicholas1993Hall

Technicals *Testing two strong price support lines, and also the 50% retracement level and stalling. *Indicators are way over sold. *The major forex pairs you can see the majority of them at extreme conditions. The most extreme being the Eur/Usd testing resistance that has held the pair since the 2008 crash! * If you are a position trader this must be heavenly...

Nicholas1993Hall

Technicals: (On 15min chart the show relevance of a higher low possibly) *MACD shows 1 more push down coming, if a fib level holds a higher low this will be the buy of the century. * Watch for the 0.786% to hold and reverse. I really think this is the week USD/JPY changes course.