enzenator

enzenator

USOIL may make the same bearish move for a third time on the monthly. If it does complete the move and get to the 618 zone we can begin looking for the LONG.

enzenator Updated 

USOIL is looking like an expanding market about to complete 1-2-3-4-5 pattern - see purple. A possible reversal area is the 1.272 ext (82.52) of the last swing higher - see green This area is also a support area going back to January. We draw another extension from the last small move higher - see black - and judge the price action as it moves through these...

enzenator Updated 

Looking at the Weekly on the US200. The probability is that this market is a bear market. With this in mind we are looking for areas of possible reversals. If we look at the retracements of the last swing higher (March 2020 - November 2021) we see the market had a reversal at the 382 abnd the 50%. Both reversals reaching the top of our range boxes. From here we...

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AU200 has reached .382 from th large swing. It looks oversold and has also reached a 1.272 ext and a 2 from previous swings. The target would be the .382 of the last swing lower. We can look for some buying that may be the beginning of a short reversal. There's not enough buying just yet but we should keep an eye on this.....

enzenator Updated 

CADJPY is reaching resistance - this is where the sellers were. It has acheived an ABCD pattern (green). At the moment the price action is still too bullish but it's time to keep an eye on it.....

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AUDCAD has reached a triple bottom. Let's look for a small reversal to the 382.....

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GOLD is an expanding market. Is this the 5th point of a reversal lower in the short term.....

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GOLD is in a small range and failing to make new lows. There is now a buying tail on the daily. We could consider going long here wih a target toward the top of the range and a very small stop.

enzenator Updated 

Following on from our idea on may 2nd - Gold has fallen further and has now replicated a move lower it did in early 2021. It has hit 0.707 and is at support. We could look for a small quick buying opportunity. I say small and quick because beyond that we could be heading lower. Check it out on the weekly....

enzenator Updated 

USOIL is looking like it may move higher. We have found a bottom (point 5 green) and a nice reversal higher. We have made it above point 4 - creating new high and we should take nice profits now. Now we expect a reversal to the breakout - blue line. If it gets there we'll examine the price action to see if we can go long again and continue the swing higher.

enzenator Updated 

AUDCAD has been very kind to us in the past and is now setting up for another gift. The Weekly has approached a double bottom and there is a little buying activity. However, we can see from our extensions (green and purple) that a move lower is possible. Price action has smashed through the 1.272 and so we expect it to reach the 1.618 or even the 2. Keep an eye on...

enzenator Updated 

GOLD has continued to sell off reaching the 1.272 extensions of the last swing and the bigger previous swing on the daily. This could be a bear flag and the market can reverse here. However, we see a larger abcd pattern emerge that sees the price fall to 1830 and below (follow blue lines). This area happens to be the doubling of the last swing (black lines) and...

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Platinum is approaching a 1.68 ext and a double bottom. Time to begin looking for a long.....

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We're looking for the LONG in SILVER - XAGUSD We have hit the 618 retracement of the previous swing ( 15.12.2021 - 08.03.2022) We are approaching a 1.272 extension of the last minor swing (28.03.2022-08.04.2022) There is a buying tail now except we have no real evidence of buyers yet. We could see further decline to 707 or 786. The 786 happens to match up with the...

enzenator Updated 

AUDCAD is producing a beautiful series of consecutive 1-3-5 patterns. All with lower highs and lower lows. 1st set in Orange 2nd in Purple 3rd in Green 4th in Blue heading toward completion. We are looking for a stunning reversal at the completion of Blue 5 (if price gets there). Right now market has a fib ext of 2 so we can expect some short term buying perhaps...

enzenator Updated 

Let's begin with the monthly - we can see the market has aggressively rejected the top of trend line after creating new all-time high at 7600 zone. The Strong support is down at 6800 zone - previous all time high. The monthly suggests we may see more selling.

enzenator Updated 

We're looking for the LONG in Silver. Market has retraced to the 382 of the whole swing from Mar 2020 - present. It has also retraced 50 of swing higher from December 2021 - present. It has knocked on the door of a trend line connecting tops from May 2021-present. Currently market has come back to retest the breakout are from which it went higher. From here we're...

enzenator Updated 

Palladium has just provided three reasons why I will look for a retracement before looking for the long. 1. Market has reached a trend line connecting tops - 9 month span 2. Market has hit the 1.272 from high 18th Nov (double top) - low 31th Dec - the 1.272 is the pink line. Note: We need to take in to account the larger swing from Dec15 - present. 3. Market has...