Contracting volatility, chart says USDJPY through 135 long term. Trend continuation assumed.
Spent too long flopping around below $50 here as well as broke a volatility contraction pattern to the upside then immediately kicked in the bucket and sank below the funnel level. Short term back near $47
Abnormally larger sell volume in last downturn on the price of oil, followed by significantly lower volume on this rise. Bigger players have been taking their exits, be very cautious with any crude oil longs here..
Full target prints below 110, this is a big turning point for the Yen. Needs to save itself quickly or chart is looking for a bigger downturn
Desperately needs to reclaim the 22.75 level and breakout after FOMC here or will undoubtedly collapse back to the lows.
Chart is fairly self explanatory. Target on the HVF has been met and price action now looking toppy with dollar collapsing. Financials need to retrace to 23.5 at the very least, although would expect more depending on rate hike narrative
Chart had a bullish HVF breakout but did not reach target. Despite overlap of wave 1 and 4, selloff appears to be Elliot Wave bear trend. New target for price of oil is bottom end at $32
Note the complete disconnect between DXY and the run up in financials as of late. UJ performance is marginal and XAUUSD has been acting bearish. Would lead me to infer that DXY troubles are not related to FOMC forecasts and instead more euro-based. This would support the notion that XAUUSD is setting up to take a dive lower as a correction. Secondary interesting...
Would sure seem that way, this is hard to argue with.
Chart is fairly self explanatory, heavily oversold bear run that has completed 3 waves to the downside. Sports a stellar 8.5% divi as of close today. Conviction buy
Huge volatility contractions recently with all good news and a near break to the upside. The range on this guy is massive, with impulses showing roughly $48 target on first and mid $50's target on the second. Extremely bullish on this name.
Short term uncertainty due to the price of gold trying that large and well respected funnel break from years back, though this most recent $.50 new high was no coincidence. Gold id still very much bullish until price action says otherwise. My known volatility contraction points are outlined with very light red squares and the absolutely key long-term levels have...
Pretty self explanatory. Nice potential risk/reward on this trade with a tight stop.
DXY squeeze breakout, EURUSD looking to flop on it's side, USDJPY breakout. Wave is turning again ladies and gentlemen
Black chart is XAUUSD -Notice the two green boxes. It is my assertion that this is a trend change in the miners. Wait for the bounce and load up short.
Wouldn't be surprised to see this one take a big run downward here, perhaps not for long though. This is another pretty easy to trade dividend stock with a spectacular balance sheet. Predictably bounces at the key levels. If you can get it anywhere near $27 it won't let you down medium term, although renewables are out of favor and the chart looks quite bearish so...
CAFD, already sporting a 7.5% yield, just broke out of volatility consolidation to the downside. This is a very easy chart to trade, as the key levels are very obvious. You should be able to pick this guy up close to $12 a share with a nice 8% divy that has almost doubled in last two years. Balance sheet is good, i've checked myself. Aim to sell around $16 or just...