We're coming up on the monthly candle printing on everything. So, I'm reworking my charts. USD/SGD continues to be in a primary uptrend even though we've retraced part of the way down. As a result, I'd still be looking to enter long trades until we start closing a weekly below the blue line. Color Coding A. Light Blue: Weekly Levels (W) B. Green: Daily...
Looks like we're going to target the next weekly support lost on bitcoin. I think that the current uptrend will end somewhere between $8,000 and $8400. The monthly candles are going to print in a few days and so I'm going through all of the FX pairs to see how the current candles will print in relation to the last monthly candles. Color Coding A. Light Blue:...
Ethereum continues this uptrend until reject at a major level. I was wrong for calling failure earlier, which is why you have to do your own analysis. Looking at it now, I'm projecting that we target around $207-$212, which was weekly support lost, and test there. If we gain (meaning close above on the weekly level) - then we go to the next weekly level. If...
The monthly candles are going to print in a few days and so I'm going through all of the FX pairs to see how the current candles will print in relation to the last monthly candles. Color Coding A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
The monthly candles are going to print in a few days and so I'm going through all of the FX pairs to see how the current candles will print in relation to the last monthly candles. Color Coding A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
This chart is the june cl contract. On it, each red line represents a level price lost on the way down. Each one represents a price point where price could continue lower. And each one could end up maturing into a more significant level (i.e. the longer it goes without being tested). Negative June contract inbound?
I forsee USDCAD heading south - here are my levels. A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.) 3. A level counts as a timeframe when it is no longer easily identifiable on the next higher timeframe.
1. Oil futures did not go to zero, dummies. Learn how futures contracts work. 2. Been a while since we've seen $25+ oil, which is why we see the light blue, orange, and purple levels above price. 3. That said, I can't recommend shorting the bottom on oil. Oil from $20 - 23 is a 10% increase, and we're pretty clear to get back to $23-24. You could easily blow out...
The USD/NOK is trading at historic levels, which is why you see mostly purple and light blue lines (monthly and weekly levels). I think that once support gets broken on USD/NOK we'll see a significant decline. A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour...
Here are my AUDUSD levels: A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Here are my color-coded levels on GBP/JPY. There are no monthly levels below this weekly support for quite a ways (that I could identify). A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Here are my levels for AUDSGD: A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Here are the levels I have for this future: A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Here are the levels I have on NZDUSD: A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Here are the levels I have on ETHUSD coded by timeframe. A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
These are the levels, denominated by color base on timeframe, that I have for EUR/USD.
Here is the color coding for timeframe: A. Light Blue: Weekly Levels (W) B. Green: Daily Levels (D) C. Purple: Monthly Levels and above (MO) D. Orange: 3 day levels. (3D). E. Red: (12 hour levels and below.)
Copper made a significant move down. I've taken a fib-pull from the high of the large move down to our lowest low (1 at the high, 0 at the low). From that move, price is now hovering around the 0.382 after a 20% rally. I've often noticed that the 0.382 level is a good place to find price rotation. Because I've that, I'm curious to see if Copper turns lower from here.