📌 ridethepig | Euro for ECB In some chart annotations, we have already covered the need for a pullback yesterday and to either use that to build the position centrally or lines aimed at mapping the flow for those covering on the pullback. The main point was to gain momentum for the slingshot after the 1.207x bids held. > Global inflation is starting...
The bond market can be quite tricky. In terms of yield curves consider the following: Bear steepening Bull Steepening Bear Flattening Bull Flattening > Steepening (the premium for longer debt is growing) > Flattening (the premium is shrinking) For example, bull steepening, which is exactly what we have been doing this since the start of this...
📌 ridethepig | Gold for ECB This leg is a demonstration of how and where an advance on the right break should be punished. Buyers reclaiming $1.860 yesterday while the inauguration/coachella took place and now $1,875 for the European open is sending last minute ⚠️ signal of ECB preparations. The technical breach illustrates the lust to expand, the momentum...
📌 ridethepig | BTC Market Commentary 20.01.2021 In this position (from the $39,000) highs it's time to protect our portfolio as we try a third time to get the breakdown. This has happened in drastic fashion and a great live example of good position management. The pullback came surprisingly close to our trail, before the old shorts started cheering again at...
📌 ridethepig | AUDNZD Market Commentary 20.01.2021 This chart illustrates the remaining crumbs in AUDNZD which is worth further study. The position from the previous diagrams continues and we are set for taking the next main target at 1.089x/1.090x. Now, buyers have overcome their difficulties in development, the base is optimally protected from AUD...
📌 ridethepig | EUR Market Commentary 01.19.2021 We should strategically protect our position, not a sickly stop or weak-looking exposure, etc. As you can see, the bids at 1.207x held and buyers as widely expected fought like a lion to defend their jurisdiction. This was not the act of Christian kindness or pity or etc, this is a strategic point that...
📌 Oil for the Yearly Close Making the rounds...this time onto Oil and we are going to learn from it by firstly tracking our previous 'before' and 'after' the 2020 fact charts to see how the birth took place. A single glance at the Monthly and Daily is sufficient, from mapping our MT and LT charts, our ancestors, we are able to workout the directional flows in...
📌 ridethepig | Gold Market Commentary 19.01.2021 A basing formation with Gold, which does not require to create a 'double bottom' pattern, is undergoing a direction change. It advanced as far as our $1,960 target and has found cramps. Finally, there is the opportunity for a breakthrough. As an example of this, let us turn to the well know diagram ' Gold...
📌 Another single stock opportunity... I will start posting a lot more of these as the feedback has shown it is working. For today we are tracking a very interesting flow that is finally coming into fruition. Australia, Japan are advancing talks on hydrogen and a deal is around the corner. The breakout of the highs shows flexibility required and is an example of...
📌 Play continues with the next hole ... as in the previous ( with GBPUSD ) we will keep it to three main targets initially. Now in Tesla's case, buyers are having to overcome some difficulties in development; the highs are optimally set with an island reversal, and so the tables can be turned. Timing wise this hole could not be better placed as sentiment...
📌 ridethepig | EUR Market Commentary 18.01.2021 Here to kick the week off with the first moves we have buyers choosing to defend the 1.207x bids, protecting the support level and relieving the channel structure of this duty so that it can become a bit more appealing possibly for a slingshot. The next moves higher in EURUSD can be the start of a swing that...
📌 ridethepig | Teeing Off in GBPUSD After an interesting Asian session the unlikely looking manoeuvre is preparing to unfold. Why? Because sharp speculators are already beginning to outguess the dovish BOE and directionally are flooding back to USD. A very similar setup to the one we traded in the middle of December flows: Large macro players have been...
📌 ridethepig | BTC Flirting to Break Lower Here buyers are giving up the highs as expected and opening up a retracement back towards +/- $27,000 which will put pressure on the late lagging retailers. A more solid floor can be formed below the 4th Jan lows, if sellers can hold below $40,000 for the weekend then best is to cover. Showing a lack of momentum!...
📌 Endgame in the economic cycle and illustrating a painful recession Yields had the opportunity to move and successfully played the 'elastic band' rejection from the inversion in 2019, which despite the length of the global CB combination, can be expressed in no other terms than reckless. FED was obviously aiming for the ideal position (the frontal defence from...
📌 Bitcoin Market Commentary 14.01.2021 It is sellers turn to move, we are hitting the main target for this third wave as widely expected since before the yearly close. The lows are clearly still mobile and the leg lower should now be safe to play. After much thought, and completely recognising stepping against the train, this should be a decision for ...
📌 ridethepig | Rate Differentials Pausing via Italian Politics An important chart update here as we are talking "differentials" in the abstract concept of waves and TA. We must first take notes of the previous leg which was the 1st wave and far from easy to spot, in the early game of rate differential turns, it takes a lot of energy to exploit one side the...
📌 The beauty of Korea is revealing itself right on time... the breakout is difficult to maintain as can be seen on the yearly close, the slingshot which turned out to a correct play for buyers has unlocked the potential for a major rally in 2021. Capital has its eyes on Korea (and a few others) for the advantage in its currency (KRW) and economic mobility across...
📍 A quick update here on the elements of EUR and USD Ending the 'C' part in the swing down has been a hard struggle and with such a problem a surprising retreat is expected. Buyers are threatening to bottle up their opponent. A pullback in EURUSD towards 1.15/1.14 will make things a lot easier: Inflation is demanding a return, after sufficient...
