skybays

skybays

Looking for the Spring here as well as the completion of wave 4 of higher cycle 3rd wave. Like and follow for more. I will be posting more analysis throughout the week.

skybays Updated 

We had a five wave move to the upside with an extended 3rd wave. I will be looking for a corrective move to the downside once I get a B wave I will target the 1.272 fib extension for a smaller risk short position due to the overall trend being up. After this correction I will be looking back long for Soybean.

skybays

Overall long here for wave 5, waiting on an impulse to the upside.

skybays

On Gold I am bullish due to the fact that we are forming an expanding leading diagonal for our first wave on a higher cycle. Also, if you look at the monthly TF as well you will see a bullish engulfing candle that is in play right on the monthly 38.2% fib level. This indicates to me that super cycle wave 4 is done and we are looking to continue the overall...

skybays

I am waiting for the C wave to complete. Which will also give us the start of wave 5 on a higher cycle. Overall looking long.

skybays

We have bearish divergence here on the 1 hour and the 4 hour timeframes. We also have price rejecting a major daily zone. Price formed a double top on a higher timeframe. Waiting until London for my entry for the sell. May wait for a break and retest of the current support and then enter the market.

skybays

Nice correction wave that formed. Original position was after breakout of major trend line. I am going to holding for about 50 pips and then moving the stop loss up.

skybays

Looks to be a potential sell here. I would like to see a break of the 1.82000 level here and also a break of trendline. Price seems to have respected my daily trendline here showing upper rejections.