Trading1to100

Trading1to100

AS PER PREVIOUS POST PRICE TAGGED 2980(2983=162%) and has since been in consolidation. There is a consolidation zone between 2720-2980 and this could be complicated, therefore unless 2720-2700 break down a range bound market for now. FROM 2766= 2766-2868-2816= 2918(100%),2947(127%),2983(162%) in extension 3023-3088 or upto 3130, price has got 3 waves so far...

Trading1to100

EURO boke out above R=10850-10890 & testing the 2nd R= 10910-10940(10926), From 10767 price is forming a channel and currently it is at the R=10910-10940 break above here then expect a retest of 10990-11020 and higher however for now price could consolidate to S=10850-10890. The channel formation from 10767-10875-10785-10890-10789-10926(intraday high can extend...

Trading1to100 Updated 

GBP BROKE BELOW 12165 and tested T1=12075-11940 upper range(12075), where to now R=12165-12200 & R=12230-12260 , BREAK OUT ABOVE 12165-12200 THEN HIGHER PRICES, failure then continuation lower to lower range T1=12075-11940. FROM 12642-12266-12467= 12092(100%), 11990(127%),11861(162%), at 12075 there is an a,b,c completed but does not imply continuation lower,...

Trading1to100

SPX was not able to break out above 2940, even though it managed to get to 2953 then consolidated between 2953-2897 as there was resistance at 2940 price zone, Once it broke back below 2920-2900(2897) the downside continued lower to support zone 2775-2740(2766), then the market turned back up again. The upside is still in play as price objectives have not been...

Trading1to100

Euro broke below 10950-10900 and tested lower support at S=10850-10820 however broke thru to 10777. previous outlook for the upside was invalidated at the break of 10900 as price continued lower below 10820 (10777), price is back above 10820(10830). Price is range bound 10777-10850 and a break above 10850 is required for higher prices , Resistance at...

Trading1to100

Prices consolidated from 2974 to 2780(S=2775-2740) support held at this level and continued higher to R=2800-2830 broke thru with ease onto the next S=2860-2880(2897) which turned resistance for some time, price consolidated within 2880-2830 then turned higher to test the next resistance(S)=2920-2940 zone. Should prices break out above 2940 then retest of 2972 or...

Trading1to100

Double top at 12647/12642, there are 5 waves from 12247-12642. the upside from 12247 has been complex and it warrants for caution why? From 12165, 12165-12647 has been implusive,12647-12247 has been a simple correction, 12247-12642 has been a complex correction that has subdivided therefore a retest of 12165-12247 quite probable, however there is support...

Trading1to100

Euro has been progressing higher and breached all Resistance levels R=10855-10890 & 10910-10940, Broke thru 10990(11018) fridays high, where to from here now: From 10727 it has completed 2 waves and is in the 3rd wave which could have had completed at 11018(double top) or extending higher in a subdividing 5th wave to complete at T1, T2 OR T3, when this 3rd wave...

Trading1to100

On Thursday I posted that price was within the T1 zone = 2950-2975 and caution was required as there were 5 wave which had completed from 2724 and once price breached below 2940-2920 then expected support zone= 2830-2800, prices are here now this price zone is right in the middle of the 62% retrace of 2972-2724, could price fall further or consolidate both...

Trading1to100

Price has tagged T1= 2950-2975(2972), IF IT GETS ABOVE 2972 THEN EXPECT EXTENSION TO 3075!!!, however for now it can be seen that it has completed 5 waves to the upside from 2724 therefore caution required and lower support 2940-2920 required to breach for lower prices ideal price target = 2830-2800 however support at 2880-2860 required to be breached for...

Trading1to100

RECAP 2182-2641=1/A, 2641-2431=2/B, 2431-2890=3/C!!, 2890-2724=4/D!!, 2724-?=5/E!! Expected analysis was for 3 waves to the upside A=2641-B=2431,C=2890(100%), which is perfect however 2930 = 62% retracement, 2890-2930 price zone needs to be tested for resistance. if prices break out above 2890-2930 then price extension expected up to 3016 where C=A*127%. Price...

Trading1to100

Recap: X=11495, A=10640, B=11147, C=10727(88% 11495-10640), D= in progress?? 11290-11310!!. As per previous analysis prices were on track for the D leg completion until 10990 Resistance and then break below 10768 to 10727 (10735= 88%). Prices have already rebounded above 10790-10820 support zone, will this now hold then expect higher prices R=10855-10890, R2=...

Trading1to100

GBP has been consolidating from 12647 and has since met price support between 12265-12200 (12247) this move was a 3 wave 12405-12522-12247(this also subdivided 12437-12548-12405-12522-12247). price has tested the upper resistance zone of 12410 currently at 12360 upper resistance = 12500-12520 in extension upto 12540-12600 resistance. 12247 = support break below...

Trading1to100 Updated 

2624-2814 Completed A wave then retraced lower to 2717 and completed B now in the C wave higher and nearing upper resistance zone Price extension from 2624-2814= 2865(127%), 2931(162%) Price extension from 2812-2641-2431= 2890(100%), 2953(113%),3014(127%). Price extension from 2624-2814=A, 2814-2717=B, 2717-??=C 2834(62%), 2867(78%),2907(100%) Price extension...

Trading1to100 Updated 

Previous analysis got in validated as 12165 now becomes support and upside still required for completion at double top 12500 or higher 12650-12720 Gbp still requires 1 more wave to complete upside at 12500 or 12530-12575 to complete. 11405-11920=1, 11920-11470=2, 11470-12485=3, 12485-12165=4, 5= ?? 12485(12500)double top or upto 12530-12575, if extending then...

Trading1to100 Updated 

Euro has breached above 10925 and currently at 10952 upside still in progress support levels= 10890-10900, 10850-10840, price support at 10920, break below then next support 10890-10900. break out above 10952= T1=10985-11010, t2=11030-11055, T3=11065-11090 price break above 11090 = retest of 11147 or higher to 11290-11310.

Trading1to100 Updated 

19.30-29.13 THEN FROM 29.13-19.95 where to from here? Option 1: X=19.30, A=29.13, B=23.50(50%), C=28.36(88%OF AB) & D=19.95 (88%*XA)... price can break below 19.30 for an extending D= 18.03-16.63(113%-127%*XA) 18.03-16.63 PROBABLE only on a break below 19.30. OIL will be range bound from 19.95, upside resistance = 22.00-23.10, 24.20-25.15, 25.45-26.55 break out...

Trading1to100 Updated 

From 19.30 oil fired up to 29.10 ($10.00) then back down the slippery slope to 23.50, from 19.30 to 29.10 there are 5 waves which is the 1st impluse of any move now in the 2nd part which is at about 23.50(50%) this could be either a simple correction or complex one. upside resistance 27.00-28.00, downside support= 22.00-20.40 break out above 29.10 then expected...