dionvuletich

dionvuletich

A long term position in my portfolio Has a decending wedge that has broken out and retested, as well as a 'Cup' which could form part of a cup and handle pattern... Whatever the pattern is called, it appears to be basing out and has consolidated so the path of least resistance is higher in my opinion Breakout this week... so likely to climb significantly as the...

dionvuletich

Bodes well for stockmarkets around the world.... short - medium term Daily Gartley pattern against downtrend, has clear fibonacci cluster just above the pattern which you may wish to take some profits before I expect this to climb higher, as there are early hints at short term reversion on the higher timeframes, but the extend of the bounce is a ?

dionvuletich

interesting level to watch if there is any reaction here Not fantastic level, but could offer clues when it gets there to try and minimise stop loss

dionvuletich

As per my monthly divergence note, we have hit the target zone at the 50ema A medium term retracement is likely to around the 61.8% - will look on lower time frames to see if there are any zones there that would be worth watching when we get closer

dionvuletich Updated 

Looks like market is going to suffer in the medium term Dr copper showing clear signs of reversing and reverting back to at least the 50ema/ lower bollinger band zone Not great for stocks in general....

dionvuletich

Looking at big picture this looks like we could be in a large Wave 4 structure now Using Robert Miners fibonacci projection techniques we have a few projected fib cluster areas that could offer clues as to how far a possible wave 5 could extend to Given that gold is a commodity it tends to trend for longer than expected.... However the Wave 4 may not be complete...

dionvuletich

The weekly chart shows a flat corrective pattern completed so the medium term bias is higher to at least 2000-2070 area Flats can resume a trend, but they can also morph into complex sideways structures which can whipsaw many traders such as double or triple threes... These chop trend traders and also range traders alike as they spike all of the usual spots...

dionvuletich

Planning to scale in now into my long term position trade on QBE 1 year corrective pattern is now complete and earning release is on the 11th August which could be a catalyst My first buy was around $8.00, so looking to add to a winner with a complex elliot wave pattern now complete I'm not an elliott guy - so go gentle ellioticians, but i think the structure is...

dionvuletich

Monthly QBE breakout and retest Has long term false break to downside which ran into demand level On the lower timeframe it is setting up an interesting pattern that is not very common Will explain on LTF chart

dionvuletich

Looks like 28847 is the line in the sand If this level holds then a bull rally is likely, otherwise hold on to your stomach it will get bumpy!

dionvuletich

Completed short term cycle Have to love the little green bars outside of the bollinger bands when you have a reason to go long I could probably find a harmonic in there, but no need as price swings and candlestick is saying it all Possibly heading into a longer term swing trade with nice R:R depending on where you put the stop, (Mine would be below the low of the...

dionvuletich

Crude Oil is forming a triangle and likely to retest the recent highs Triangles are common in wave 4's so short term we are going to see higher prices in the short-medium term

dionvuletich

Interesting long term chart showing resistance ahead and proportionally similar move to 2002-2008 bull run Thinking of possibly shorting at 109ish to end a wave 5 at supply and look to ride down to the 38.2% or thereabouts I do believe we are heading into key levels with prices stretched relative to the Bollinger bands and ending a 5 wave advance so expecting...

dionvuletich

Looking bullish for a while... Think there may be a pullback (hopefully) and there is not much stopping it going much higher

dionvuletich

Uranium bullish short-med term, energy is bullish in general and likely to continue as inflation bites Short term target not far away...

dionvuletich

Bullish on NG Channel target aligns with 50% retracement so bullish med term Energy - Gas/ Oil/ Uranium - appears to be bullish in general....

dionvuletich

Monthly divergence at long term resistance Don't trade it - but its so clear its worth noting....

dionvuletich

Big picture view... Covid appears to have created a large expanding triangle in this historic bull run... Expanding triangles (or triangles in general) are typical in Wave 4's before the final wave 5 in elliott terms While everyone is still largely bullish and a lot of newer traders have never seen a bear market I thought it would be worth posting this...