all in the chart - monthly very long term or maybe just crazy charting if vix makes low at 17/7/2017 I'll be all in :-)
I will look to setup DAILY and 4H ...... stops above purple area ....
this patern in a MULTIPLE HEAD AND SHOULDERS pattren. projection is to teturn to the base trend line (1) + 0.786 fibo retracement of the whole moove.
today big DATA for oil rates in Canada Inventories in US oil looks very bullish by holding 23% fib weekly closing. look to buy spikes ig setup on any support
stops above triangle... SHORT
wait for a pull back then short on resistance. if prices go higher than resistance . . . . long only I think markets are dead cat bouncing
wait for setup on major support
oil retraced 78.6% pukked back and ready to destruction !!!!
so..... the chart speaks for itself. if England stays in europe (it will) a lot of stress will get out of EUR and GBP and other Currencies. the Dollar will have a reason to go down (based on rates expectation to the lower). Dollar Index itself just build a massive monthly H&S. Oil is Anti-Dollar. Rubbal is Anti-Dollar. gogogogo russia I will buy upon setup Rusl...
I think it has opened its legs and now will try to retrace to the middle. its a long shot, but risk/reward are fantastic
if you have the time. say 10 years :-) it can retrace all lost value. remember nasdaq 2000 highs and today highs.... thats what bubbles do. now all you need is patiance. in weekly and daily looks interesting right here and now
big down moove (few month to comlete) at least to 18$ then maybe just maybe .... 28$ as final target. looking to buy faz above 40.3$ and then if market agrees with me I'll add more.
this is an 5/34/5 macd of the MFI MFI = (high-low)/volume this divergence confirms that dax have put in wave 5 of a larger wave 3 I expect 7,600 as final target enjoy (hopefully)
if cant close above 1280$ we will probably get a "multiple head and shoulder" pattern
after several years that spx outperformed xauusd.... is tt back to major trend (lower) ??