zhipengcfel

zhipengcfel

Palladium is in wave 5 down. From EW analysis the wave 5 does not complete yet. The price will meet high resistance at 539.2~565.6. If the price rejects from this resistance area, open short position. Open position when it reiects. SL at 573.9 TP at 451.5 If the price does not reject from the resistance area, this analysis will be invalid. Good luck for everyone!

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Elliott wave analysis on a low time frame. If oil breaks the falling wedge, it will confirm the rising. Good luck for everyone!

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Oil is in correction wave 4. Some ideas on how the correction wave 4 will go comparing the time cycle and target of correction wave 2.

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If the rising channel can hold, the UK oil will continue rebounding. Otherwise it will go down again. From the volume analysis, it has a higher probablity to continue rebounding. Good luck for everyone!

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Brent rebounded strongly from 27.08 to 36.14 within two weeks and touched the 0.382 fib level. Now the price touched the upper line of the rising channel and met the resistance zone which formed from the previous minor wave iv. The RSI also shows a divergence. The price needed to go down to compensate the divergence. But the correction wave does not seem to...

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Oil is in correction wave D and met a resistance at round 34.5. The correction wave does not seem to complete from the bullish divergence of RSI. The bigger resistance is at around 37.7. If 34.5 breaks, it will go up to 37.7. For next weeks I would suggest to go long if 34.5 breaks and take profit at around 37.7. If it rejets back from 37.7 afterwards, I...

zhipengcfel Updated 

Oil might go down to 24~25 to finish the wave (v). Do not go long now but wait the confirmation.

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Gold has a simlar structure with silver which was published weeks ago. Target price: 1140~1150. After the TP hits, please pay attention wheter it can break the wedge or not. Good luck for everyone.

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Oil rebounded strongly from last Thursday. From EW theory the rebounded waves will most probably be a 535 zigzig correction wave. The rebound is so strong that the correct wave might last for at least one week. Trading setup: Pending long order at around 30.9 SL at 28.9 TP at 36.1 Good luck for me!

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Silver might rebound to around 14.5 and will meet a big resistance. Pay attention to whether it can break it .

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The elliot wave analysis is shown on the chart. Oil has broken the triangle of wave 4 and might will retest the triangle and go down again. Good luck for everyone!

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Time target: I published idea last week that oil is forming three half-moon pattern from small to large. The first one takes 16 days. The second one takes 48 days. The third one will be very likely taking 96 days which means it will complete until August 7th. www.tradingview.com We can get the similar result from fib time analysis which shows it will complete...

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Time cycles: Oil is forming three half-moon pattern from small to large. The first one takes 16 days. The second one takes 48 days. The third one will be very likely taking 96 days which means it will complete until August 7th. Price Oil still has space to go lower if 46.6 breaks. Be patient to go long until the bearish cycle finished (after August 7th).

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DXY seems in a 335 ABC correction and wave B is likely finished. Following will be likely the C wave down. If it breaks 100.39, this wave analysis will be invalid. I am still waiting for the confirmation. Good luck!

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Oil is in wave C and seems completes the minor wave 3 and wave 4. It needs one more wave down to complete the C wave. From time cycle, it is still in the bearish cycle. And it is rejected from the previous channel. Based on EW theory if wave 3 is extensive wave, wave 5 will be nearly the same as wave 1 in price and time which means the price target is around...

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The oil was in consolidation for 49 days which is the same as the rising time from 42.01 to 62.55. Then it started going down at 24.06. Price target: If CD = 1.272 AB, the target is around 53.82; If CD = 1.618 AB, the target is around 51.75. Time target: If the time of wave C is as same as wave A, the bearish will finish around 16.07 or 17.07. If the time of...

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Oil is clear from Elliot wave atm. It is still inside the triangle. From EW, triangle is either wave B or wave 4. Here is clearly wave B. And it already finished abcde minor wave of wave B. We should see a 5 wave down to complete wave C. The first target is 59.8 (the bottom of the triangle); The second target is 58 (the support area of wave 4); The third target...

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Oil is in consolidation for nearly two month. The time cycle shows that it will finish the consolidation soon. From EW theory, I think it needs to go 5 wave down to complete the C wave. The target of the C wave is around the fib 0.618 (54.7) or 0.5 (52.3). After finishing the C wave, oil might recover the up trend and target to around 74 for the wave (3). I...