We can see lot of pull back retracement after BREXIT Blues. Similarly DOW will see lot of structures to be added with some retracement on chart. let say around 17700 pullback and tank from there towards 16000 and 15500
Been Watching this sell setup for long time and the right shoulder appeared in very timely manner. I believe we may see some bounce back but eventually we will see trigger to breakout neckline. We may hopefully test February 2016 lows 1810. I believe there are lot of fundamentals in favor for this sell off and the Macros are getting battered with economic...
Breakout from rising wedge towards bottom of triangle on monthly Tg 1.38
Underlying effect of BREXIT and No IR Hike by fed. will multiply the bounces. TG1: 1333 TG2: 1353 TG3: 1385
Amid FOMC and BREXIT, We may see high volatility. Its very evident that weak dollar pushed Euro from the bottom of the channel towards steep climb. I see more weak dollar on DXY weekly chart which opens the Possiblity of EURUSD topping towards 1.16 and 1.17 in extension. New bull above may test SMA100
HS Pattern TG1: 0.01861736 TG2 0.01510349
We bottomed out at 105.5. It time for breakout from descending triangle and hit top of daily chart.
Addendum to previous chart. 1281- 1285 provides huge supply. Break of rising wedge can lead gold towards around 0.5 fib 1235 retrace. Dovish News can provide more strength to pull gold towards 1300 region. We can see huge commercial short covering if retrace do not happen and this might fuel bull run even more. IR hike can trigger fall towards 1150. If not then...
Sell this breakout. Track 4hr. TG1 : 105.56 TG2 : 103 (Bottom of channel) Kurodo may intervene at 105
Classic rising wedge. 90% of wedge breaks downside. Yesterdays speech with expected popup is down to gutters. I expect a slow fall towards 1223 which is crucial support at 0.5 fib. Whereas upside is limited to 1248 - 1250. This provides best Risk-Reward ratio. Note: I am long from 1205 as well
Cup and handle on Daily Neckline is around 53ish. I see handle formation towards 1225 (expected consolidation after crazy bull run) and then bounce or break Bounce (Bull Madness) TG1 :1192 TG2: 1333 TG3: Extension 1353 Drop (Bear Madness) TG1: 1199 TG2 : 1175 TG3: 1100-1050 extended I see DXY testing 92.5 bottom of channel as I said in my other DXY chart...
This could break the range of 95.5 -92.5 Dips toward 90 or 88. RSI is falling Keep watching.
We may see little pullback on Monday Session towards 0.618 fib. which could be the consolidation from recent downside and again breaks down towards 0.5 and 0.382 in extension. Target 1 : 1.10629 Target 2 : 1.09328
We have rounded bottom fomration. Breach of 29 would be bullish engulfing in D1. DXY reversing. Immediate Target 37. 1242, 1251, 1260, 1270 and Homerun
we can see huge volatility in this week amid G7 meeting and Yellen's likely dovish speech. G7 could be interesting for DXY strength and we may test 96 for breakout or else we dive back to 92 factoring how Europe handles the Greece mess. I believe that DXY is still ranged between 96-92 and we may see double bottom before Potential breakout. Yellen is more likely...
In distressed FOMC announcement, Gold broke the technical support of 1250 Beside Cup and handle on 5M chart (Intraday). I believe it was healthy correction and bull run is still Intact.. Unless 50 breaks again. In 1hr chart I see gartley with unconvincing harmonics. Though I would bet long from here targeting 1260 and 1276 I believe DXY is ranged between 95.5 -...
Gold looks bullish with perfect gartley harmonics. Target 87 and then consolidation towards1270s again