ALWAYS IN LONG Ghana Cedis Gave Credence to our analysis as usual. 1. Market deep kissed 4.0 as predicted elsewhere 2. Certainly, this is an always in long market. Tis a bulls market, but technically, it will turn out to be a bull market in corrective phase 2. Three scenarios are likely and have been pointed out in green arrows 3. Now, haven hit a key...
TRENDS ARE LIKE VERY HEAVY LONG VEHICLES. THEY DO NOT CHANGE COURSE ABRUPTLY WITHOUT A STRUGGLE. SELDOM DO PRICE MAKE A 'V" BOTTOM OR ''V'' TOPS. 1. On Daily, The Pair Broke Inner Downtrendline & Minor Rallied Relative To The Long Term Downtrend To The Left. 2. Price Is Currently On Its Way , Making The First Legdown=Selloff, Following The Down Trendline BO 3....
1. MTR Setup to the left, worked out. 2. Price currently under major outer TL 3. Price is however caught up in a trading range = Flat-bottomed descending triangle= bars forming lower highs 4. Measure Move(MM) target takes price to 53ish upon Southern BO. This level Coincides with a prior Resistance 5. Should price bounce from this green line, we are likely...
UJ :bullish trading range= flattop ascending triangle
Looking like a trap, otherwise fall will be massive!
Pennant/Flag breakout continuation.....? OR Final flag...?
Holding for more data But.... 1. Sell climax=Double Bottom 2. Downtrendline Breakout of inner downtrendline. 3. A seemingly final flag under outer downtrend line.
A Likely New Channel Formation. With Proper Stop, One Should Do Just Fine
1. Buy Climax = Double Top 2. Inner Trendline Breakout 3. Ideal Short Zone In The Wait 4. Possible Targets
1. Set up Complete 2. Waiting on PA Signal 3. Stoploss= SX or Bottom of Pennant NEXT CONDITION: Properly Defined PA Signal
1.Sell Climax= Double Bottom 2.Breakout 3.Breakout Limit Reached @ A Confluence Of Points 4. Waiting On Further Data To Take Action NEXT EXPECTATION= A DROP
Targeting Upper Channel First, And Then Ultimately Green Band 1.2100-1.21600
Targeting Upper Channel First, And Then Ultimately Green Band 1.2100-1.21600
1. Broad Based trading Range Broken To The North 2. 0.8000 Psychological Level Playing A Ceiling To Price = Minor Triangle, Much Pronounced on 4H 3. A Convincing BO Above 0.8000 takes Us To A Measured Move Target At 0.82950 4. Waiting For More Data........... 5. Sitting On My Hands For Now.
1. Buy Climax = Double Top=Trading Range 2. TR BO South. 3. Inner Up Trendline BO 3. At Another Inner Uptrendline. TR=Breajout Any Direction Possible 4. More Data Needed. 5. Sitting on Hands.........
1. Buy Climax = Double Top=Trading Range 2. TR BO South. 3. Inner Up Trendline BO 3. At Another Inner Uptrendline. TR=Breajout Any Direction Possible 4. More Data Needed. 5. Sitting on Hands.........
Neutral To Shorting View. The Seemingly Trend Line BO Is Not Convincing. Trend Line = Inner And Minor. And The BO Sort Of Murky. I Doubt A Sudden Trend Change To Long Term Longs Until Further Data. A Bit Of Confusion = I'm Sitting On My Hands For Now.