0.618 ratracement since 1920-1046
Coffee has just retested the very important trendline,which last for many years Now we can see a very strong upward move Will you participate this one?
Along with my trading plan about SPX500,I think HSI is facing strong pressure soon 1.The negotiation between CN and US will not go very well.They will get someting quantitative but CN will not give great compromise on the issue about Politic and Strcture.News will be released step by step. 2.The technical analysis long time down trend line the structure...
I will Wait for the correction finished ;
SM and Soybean are highly correlation SB and KC are highly correlation These futures are now at a very low level,and we can see the beginning of a new uptrend now ,will they go up together while the DXY goes down?
Coffee is going up for a Bat Pattern
USOIL is going up for a long time correction because of the price is facing strong support at 0.618 level
1.the price is supported well at this level 2.XYAB pattern suggused a movement upward 3.the Oil,stock market also suggused a correction after a sharp dropping. I dont know if this rally would turn out to be a new trend up,but it is worth to try
US Dollar will drop soon 1.0.618 retracement 2.price structure sugguest strong pressure between 97-97.5
I want to short USOIL on 1h for several reasons 1.the power of the impulse wave from 42 to 54 is going weaker. We can see from the 1H chart,the MACD shows the turnning of the power,b>a,c<b 2.there are two Pivots on the chart,the trend can end anytime I have draw out the enter point,TP and SL level on the chart
I have long this pair for arrond 64,aiming for 80 1.0.618 retracement 2.Former structure support 3.RMB is running towards 7.0
We can see a PRZ with several levels 1. 1.618 BC 2. AB=CD 3. 1.27 AB 4. Clearly divergence
I'm looking for a good entry D arround 9.2,when the price falls down towards this area,I will focus on the behavior of the price, necessary condition as follow: 1.CD is clearly in trend divergent compare to AB 2.in the CD,the coming movement is clearly in consolidation divergence 3.the Price line 9.2 stop the down trend nicely
The RUBUSD drop down arround 2/3 ,we can see that GOLD/RUB is the best choice
1.Gatterly Pattern finished at 0.786 XA,which is 1.03347 2.AB=CD finished at 1.04 the price ralled very well ,and the consolidation is good,which ended with a pin bar