In the comments on the previous chart, we became better acquainted with the technical resources available and the lines in the sand which sellers were using to defend the topside in dollar. Since this should hopefully be of great practical value, and why I love talking markets on tradingview rather than twitter is because we can follow up with second and third...
After the latest moves there is a strategically interesting structure setting up for the year end flows. Here I am tracking a pullback towards $52,000 support for an opportunity to load for the next exchange. In desperation, late buyers succumbed to the fomo which was buying the highs while sharp hands are taking profits (very similar to our latest ETH...
· The prediction I made of Australian Yields needing rebalancing earlier in the year points to slightly above average AUD buying throughout 2021 finally came to fruition. · NZ and AU 10Y Yields bounced strongly first after the sweep of lows. The analysis of the starting position showed us that the control now exists on the bid; because we know that it is the...
Flows into USD continue with yields unlocking potential for flattening. The latest breakdown in euro is calling for a reassessment across all charts, did not expect the pullback to come this far, so we will go through the process over the coming sessions. An interesting environment, we are in the middle of summer with thin liquidity and technical discipline...
Let me say this from the outset; within the 2's5's curve is a manual, given that I do not have a great deal of time, it is not possible for me to go into great dimensions or detail I have chosen. Instead we will have to content ourselves with the revolutionary charts/diagrams both before and of the period where I have gone into more details. The same is true of...
After an impressive breakout, the next leg now follows (there was also the simpler ETHBTC play where buyers have succeeded and are ready to play the next deflection). On the ETHUSD side, buyers have created a chance for Q4 to attack the highs. Sellers did not want to hold past the C leg which is screaming in advance that sellers are really only masked buyers...
A remarkable bounce from the lows. Despite the lack of material interest, a momentum attack is in the air and it cannot be shaken off. From here till the end of 2021 there are some nice swings ahead. After breaking back up, buyers won back the tempo. Note how sellers did not make use of the discovered 'C' target lows and how they got tangled up among their...
The position arising here is another freeing move. After sellers surrender the $3,500 pivot, it constitutes for a typical cascading of stops - the squeeze manoeuvre we have been tracking for a while finally is beginning to play out. Let's start with a traditional recap of the swing we have been tracking the past few sessions; The analysis of the starting...
Clarity around the nucleus of the swing designed to restrain It is an interesting breakout we have here in the diagram, representing a major impulse (sounds nice, right?!), and so the origin is a hawkish fed and evergrande mini deal; I want to clear something up as I know there is a lot of panic on the wires with some looking at the lows. There is a major...
The best move in FX, since 2020 was the idea of early development of the base in USDJPY, let's start with a quick chart review which really got into the heart of the matter. This update is much more about the technical configuration and how to work with an impulsive move. Unlocked. As is now becoming clear to many analysts, USDJPY is playing towards the...
The mysterious selling at 1775 (or not so surprising for those who have been tracking the flows since the last diagram). This linkage was known to the pseudo-classical school of TA. The other highlights are going to USDJPY which was reckoned to be such a move to 150. The 1775 previous support has become resistance for our opponent (and if we are able to...
First, and as usual, lets start with the traditional recap... The following position has been reached and is coming around only AFTER Buyers have finished their move: respectively, the swing up into 1970/2000, which interlocked with profit taking and the Covid unwind, demanded an attack from sellers by means of switching sides. A flawless swing with a...
Will try to keep this one short and sweet.... a strong move from buyers here is decisive, sellers have given up their parry and have really been outplayed ... you should never be a slave to one side !!! The tempo is clearly in favour of bulls. The immediate threat is 114 with 118 above. Consider that above 118 there is very little in terms of resistance...
Flattening for the close. Getting a couple of questions re; flattening after the hints in previous idea, for those following 10s30s you will notice the test of 55/54bps is underway. ↳ The latest breakdown is implying we are at the minimum here in an ABC expectation leg towards support ↳ Inflation readings will be key to drive this one, this is signalling a...
Principal rule: Isolated corrections "a" and "c" legs should always be played. An opposing complex which we have not got into too much details here about, on the other hand, is the "b", often where our opposition is goaded into action, before being trapped and played out with momentum! As we have seen is the case in Gold, a quick test of 1518 measured target...
Gold - The pendulum has swung in both directions clearing all of the soft hands. In July 2020 we were talking about the highs cooking for a couple of years as the price was not quite ready to explode in the ways that some thought (towards 5,000-10,000 or etc). Sure we saw a lot of institutional interest and activity levels are still high with risk...
Updates coming here after the Jackson week Bearish JPY and looking to play versus EUR . Actively adding here as the l/term uptrend is set to resume, we can look to target fresh highs here at 134.1x and continue to expect JPY to underperform in Q3 and Q4. Indeed the break is signalling in advance that the direction is still up. Price action above 129 is...
Sequences and corrections illustrating waves for those who are not holding any live positions from below the long-term swing is becoming increasingly expensive, invalidation is clearly defined below the 'B' at 101.4x, while taking October 2018 highs 'D' should be enough to "trip the fuse" and trigger momentum towards 125 and 149.3x a multi-decade ABC...
