We have just saw a clear daily trend reversal rejection bar and price move on Friday 21st of February the same as for S&P and the Dow Jones whether moves on Dow Jones were more powerfull. Looking at the charts the price levels which were respected all the time from 2020 by the market are related to the Covid 2020 market crash move down and it is part of the...
This is just a speculation based on market structure which has not been builded up yet. But it came to my mind to look on EUR/USD differently as I was looking on charts. Seeing the latest price action it provided us after the purple trend line break which was with no arguments very srong and supressive. Strong and clear obvious short, isn´t it? Easy money. When I...
Based on the long term analysis market could probably top in coming months which are seasonaly strong periods for the markets called as Santa Claus rallies and early beginning of the next year in 49-52k area we could reach some turnaround point. We are now still in very nice and strong uptrend when buy on pullback is reasonable still but based on funds massive...
Markets provided us with signifficant break through the long term bullish trendline. Retracement was issued to the levels near above the trendline following the next rejection. Breaking down of 1.0735 Fibbo and the strong resistance opens the door to the 1.0606 area which must be hold otherwise we can see further decline to 2022 lows. First short open positions...
We have reached possible buy zone for Palladium which is supported by 50 SMA on daily. There are interesting divergences through all timeframes. It is a little risky to buy here as we are currently below the trendline and we might be heading much lower to 1000 levels if we do not hold 50 SMA but from long term perspective it does not play a signifficant role if...
We have reached possible buy zone for Palladium in green which is supported by 50 SMA on daily. There are interesting divergences through all timeframes. It is a little risky to buy here as we are currently below the trendline and we might be heading much lower to 1000 levels but from long term perspective it does not play a signifficant role if this turns...
It is not the right time yet. We might be forming a nice cup and handle bullish formation. It is also the time to wait until it settles and then buy. Based on Fibbo retracement Palladium might have an potential to go up towards 5000 USD value. In order to have best R/R ration I am looking for first buying opportunities around 980-1090 area. At this time I see...
Hello there, just a little heads up here. I have putted together the levels where retails traders are in and the zones important for long-term investors. It seems that we are overdue for at least the little pullback possibly to 2359 area which is completely in the line with analyses I published yesterday. It does not mean that pullback already started as we...
No words, just chart and idea. Keep it fucking simple, that is the KIFS analysis. We are on the right trajectory of things to go down in terms of needed retracement in large scope area with another rise to 3000-3200 levels.
Despite of the fact that gold might be still in bullish trend and we could face just a little pullback to the mean from 2800 USD/1oz level I am forced to share my analysis as this maybe could be start of something much bigger. We have reached 2800 USD/1oz level which is one of important psychological levels. In my opinion we have completed wave up of the uptrend...
Close below 1D 5SMA opens the door for the opening of short position. Based on the divergences on MACD and RSI daily, slowing momentum and oversold conditions on weekly, considering reversal candles and weekly DOJI to the longer term trend line shorter term pullback to 2700-2624 is in play. It will be interesting to watch important SMA levels and Fibbo lines in...
5th wave is coming probably as we have crossed 33053, let´s see the open
We have seen very nice drop from 10th May to 13th May which could be considered just as back to the mean test of averages. This drop was followed by bounce from 55EMA which looks like "dead cat bounce" at the moment as this bounce was hardly rejected yesterday. There are two important levels to watch right now - 4029, low from 13th May and 4004 - .236 fibo shallow...
We have reached 4116 - .236 fibo retracement of the wave from 5th March to 10th May. I expect bounce to 4180 area to test the averages. 4116 together with 200 SMA on 4h plays out as strong supports now. We have also tested 34 D but bounce was not strong enough. Daily cash closed below 21 D EMA and generates sell signal. Sell signal also on 4h. 1h chart is in upper...
false breakout of descending triangle?
YM1! SHORT TARGET .236 Fibonacci 32211