look4edge

look4edge

Chart based on AP running from 1998 low, with lot of significant interactions through decades lasting bulltrend. Currently WL1 broken, tested and rejected by bearish price action - 5 dojis followed by failed breakout. Close sitting at daily bearflag and ichimoku cloud support. If 44/43 figure goes, there is nothing below and downtrend can continuate...

look4edge

After identifying Wolfe patterns i have looked after target and structure. As first target have found 933 level, which is POC of bulltrend from 1999 and start of terminal upswing in 2009 (end of correction completed by abcde EDT). Gold fits very well in diametric wave B, idea which is outcome of recent intensive team stint with @ivanlabrie, very enthusiastic...

look4edge

Found two Wolfe patterns, large orange and small violet with couple of interesting observations. Top was completion of violet Wolfe pattern. Sellstop 1-3 line of orange Wolfe pattern caused breakdown @1666. Now 1-4 epa target line of orange Wolfe pattern @1170 has been broken, this event means reversion of breakup @540 in 2006. Targets? Well, fib lines from...

look4edge

Time to share my bund/dax ratio. Important is dotted red trendline, when broken previously, bear market started, check dates 20 Nov 2000, 7 Jan 2008. When weekly candle closed above, it never retraced back below trendline, today is ratio well above trendline with reading around 155. Macd with dvg turning up, dmi indicating advance of ratio.

look4edge

Time to share my bund/dax ratio. Important is dotted red trendline, when broken previously, bear market started, check dates 20 Nov 2000, 7 Jan 2008. When weekly candle closed above, it never retraced back below trendline, today is ratio well above trendline with reading around 155. Macd with dvg turning up, dmi indicating advance of ratio.

look4edge

Out of triangle like in Sep14 and ready to move. Looking for sell either retrace to 1158/1164 if given or 1146 break, target around 1k, sl 1175/1190

look4edge

Have played a while with channel scale, log and linear, in the end i using them both. Log for longterm, here from 1991, anchors from daily chart are in green circles. Significant for current status is 76.4 parallel. It is marking the top in 2007 and also recent top. Have plotted also ew projections for terminal W5 waves of last uptrends. Other fib parallels give...

look4edge

Ucad awaiting opec and nfp at channel boarder. Daily fast cci momentum showing bearish divergence. Let the news set/confirm the direction. Tgt: 11925, 11700 area If shark will develop, sl above bullflag, 12565

look4edge

Eustx50 broke below 3600 and below monthly PP, what are signs of weakness, slow cci weak as well. Deep crab pointing to 3415 target at daily channel boarder and bullflag bottom. Dax relevant.

look4edge

Diamond target completed, shark completed, but where is the reversal? 58 was it? Daily momentum strong, slow cci like in established uptrend, hidden divergence in 4h macd. Support at 54, but not sure if wti will see them before 74. Or shark will win for a while? Target 49.5/46.5

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Decision imminent, only couple days till end of patterns. Diamond is in principle reversal pattern. And this time? Has anybody target for gold 1387 or for silver 20? Maybe lot of traders got too bearish and it is time to catch them on wrong foot... I was quite long in bear camp too... Gold has tried upside already, rejected so far... I know, there are HS...

look4edge

Above 54 violent move up (point B with runaway price action), did not retrace to breakout level, bullflag is pointing up. Shark in progress, smallest target 61.5, largest 65. Also found diamond pattern - target 62.25 Needs to clear 60 to leave channel, abcd zigzag targeting 64. Would be nice 44-54-64 stepping. (levels from previous contracts may not match exactly...

look4edge

W5.1 LD has been finished by ED detail in lower picture targets 1980/1850

look4edge

Have three possible SPX count scenarios: 1/ w5 LD of W3 completing then W4 2/ W4 FLAT running (ending B) 3/ w5.1 LD completing then w5.2 In all of them current upwards move is to be finished soon, then move down: - wave C of W4 if running already - wave A of W4 if to be started - wave A of w5.2 if to be started Up possible to 2138.78 (wave B of W4), most...

look4edge

Technical view, not fundamental/sentiment speculations. What is apparent in this ew count is: - nice w5ext=w1+w3 ratio (12229/12222) - perfect 1-3-5 line fit of w3 - and 1-2 (yellow), 3-4(blue) internal alternations. Also, the selloff started after breaking ew2-4 line parallel to ew1-3 line of w3 - red arrow breaching green channel. Now, the w4 reached the 23.6...

look4edge

now watching 54, this is really important there are few harmonic patterns possible if broken - point B with runaway price action - smallest cypher with 55.75 target, 57.5 level as abcd from 42 or shark, but seems to me that 53.6/54 could hold and therefore is/was good place to reload short - corrective cci pattern in daily could be over if cci dives back below...

look4edge

in 2011 election, ftse peaked at end of April now in longterm uptrend shortterm: 6740 support rejected cci wedge broken 7150 target, 6725 sl

look4edge

Looks like gently navigated. Downward momentum prevails, next could swing down to 47.5 52 upside border for now.