The_Cannalyst

The_Cannalyst

former analysis is still valid! Moreover - there is the possibility to form a bearish shs ! former analysis: Brent update Brent could not beat ist longterm downtrend! After Iran testified, that it will perhaps double its production, brent only made one direction: downwards!With prices below the last valid "2" @ 62,5$ brent leaves his middleterm uptrend...

The_Cannalyst

former analysis:

The_Cannalyst

All targets reached! former analysis:https://www.tradingview.com/chart/GC1!/CfQqqQZO-Gold-triggered-bearish-H-S/ Today, the shortterm-shortsignal appears, the bearish H&S is triggered and active. former Analysis:https://www.tradingview.com/chart/GC1!/Rynnbutc-GOLD-neutral-zone/ Neutral between 1170-1220 shortterm-long >1220 with target 1255 shortterm-short...

The_Cannalyst

The strong support @ 15,35-15,5 did not hold - the sellout began. The exspected rebound to the breakoutlevel @ 15,5 also appeared (have a look @ my former analyis comments). At the moment the ultrashortterm downchanel is still present and dominant. the longtermtarget @ 12,5 is still active. Prices above 15,5 make the chart bullish again former analysis: Will...

The_Cannalyst

The rebound ended 194,36. After this high was made a consolidation started and is now forming a bullish flag (with tp @ 200). To date the consolidation ended exactly @ its fibo 38,2 - the minimal correction level. The consolidation seems to be healthy at the moment. The bullish scenario is still intact. Prices below 189-189,5 weaken the bullish szenario - a dip...

The_Cannalyst

We left the MoB-Level @ 1,28 behind us,and see an explosive breakout move of the pair. The exspected final consolidation before the breakout starts did not occur (have a look at my fromer analysis). the pair took the direct way through its resistance and made new Highs. Now the pair has reached its longterm pivot resistance level @ 130-130,5 (former highs from...

The_Cannalyst

The pair formed a new "3" @ 61,05 (you had to adjust the trendchanel) before the breakout level - the old valid "2" @ 63,6 could be taken out of the market. now the breakout is still going on (with its tp @ 67/70,5) but a bit overbought. A retest of the breakoutlevel @ 63,6 should be exspected or planned. good luck former analysis: If the pair can trade...

The_Cannalyst

TP @ 112$ - the min target of the mentioned shs is reached today. Today we kissed the trendchannels lower edge so i exspect a little rebound before TP will be aimed....The possible target of a rebound could be the 38,2 or 0,5 fibo-retracement @ 118,5/ 121 - lets see. former analysis: GWPH is forming a bearish H&S @ the daily chart. A Close above the right...

The_Cannalyst

The break of the last valid "2" @ 2,3383 shooted the pair to its target @ 2,4045. Since this High was formed we can see a healthy consolidation. Till now this consolidation ended between the 38,2 and 0,5 fibo-retracement - exactly where the breakout level is based. Thats possibly a good basis for a new jump. -Prices above 2,37 will trigger the triangle/flag This...

The_Cannalyst

If the pair can trade above the "2", the buyingsignal is active. TP= have a look @ the chart

The_Cannalyst

If Deutsche Börse can trade above ist neckline @ 8.85 the bullish H&S gets triggered. That generates a TP @ 10.50 / 13.50

The_Cannalyst

The Theory of flags

The_Cannalyst

The shs has not be confirmed up to now. Prices above the "right shoulder" should generate an new buying-Signal with TP1 @ ATH. At the ATH-level i exspect a little consolidation before the ATH will fall. If GWPH can Close the days above ist ATH, that generates a new cyclical target @ 143-147$

The_Cannalyst

OK - the News from Greek will Trigger the flag i think. If bund is falling back in its downward trend, an new low can be exspected. For those who are still Standing @ the sideline, an good short entry could be the pro-cyclical entry @ 148,5, below the last "2"

The_Cannalyst

OK, this morning u can read some "good" News for Greek (bad for europe ;-) ) Dax is very explosive in the morning. He started with a gap down round about 25 Points, saw his low minutes later @ 11.250 and now is making new Highs up to 11,450....is this the second start for the summer rally

The_Cannalyst

Bitcoins are very overbought in the shortterm. (third day close outside the bollinger bands) imo a dip to the breakout-level @ 295 should be exspected...should that support be bought, the midterm target @ 360 can be aimed at

The_Cannalyst

Shouldn`t the Pair beat the pricelevel @ 2,3145 a H&S-Formation can be exspected. Prices above the possible right shoulder will generate a first target TP1 @ 2,348and TP2 @ 2,40 Lets wait and see...

The_Cannalyst

H&S?