JamesRkaye

JamesRkaye Updated 

As predicted in my last dow chart, it has had some trouble just below 27000. However it seems to have reacted the same as the bullish clone so I am buying up stocks again. I see this as being the cheapest stocks will be all year and a perfect time to buy, although I see it as 50/50 weather we make a lower low before heading up. Dow is going up to the moon before...

JamesRkaye Updated 

According to the Elliott count, Lumen is in a wave 4 correction. If this is true we should expect a move up to about $2 (which I see as a very modest target when you look at the log scale). Buying now, at $0.2 and $0.1 and not selling until it reaches $2 gives more than a 10x risk reward ratio. So a hypothetical $1,500 investment allows for a possible $16,000...

JamesRkaye

Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The...

JamesRkaye Updated 

I'm hoping for a big jump in the dollar here, if it drops too far below 94 then the count is not valid so that is when you should close, this is a great risk/reward reward ratio. Look at the related ideas for where the clone comes from.

JamesRkaye

The 2008 crash top and bottom can be derived by making Fibonacci resistance the top and bottom of the 1987 crash. The time of the 2008 crash (to the nearest 2 months) can be found by creating a Fibonacci time ratio between the 1987 bottom and 2000 top. If you use these same rules again the next Fibonacci resistance is around 27,000 and if you create a Fibonacci...

JamesRkaye Updated 

DXYs lengthy correction seems to be entirely made by taking the previous trend and mirroring it with making slight alterations each time, if this continues to be the case we should expect a reversal to the upside within the next month in accordance with this clone from the previous bull run, By using the mirror of the current bear trend we would expect this to...

JamesRkaye Updated 

This clone has been making me profits for over a month now and I'm not going to give up on it yet. It predicts a move to the downside around 1280, I have taken profit on all my longs and will be selling in that area if gold shows signs of weakness. My main short trades will come in when it crosses below the 300 hour EMA.

JamesRkaye Updated 

Gold is still following the clone perfectly and has just broken the 300h EMA which I usually use to establish longer term trends, The next buying opportunity is around 1226 at the bottom of wave C of the correction. It's possible that it doesn't reach 1226 so I may buy higher up if the correction appears to have been completed

JamesRkaye Updated 

Because of how accurate my previous predictions were using this clone I thought I would try to make a ridiculously specific prediction and show off if it is accurate and pretend it didn't happen if it goes wrong.

JamesRkaye

Use fib channel and pitchfork as support/resistance, indicating a short at the moment, possibly long at the 1175 target

JamesRkaye

If channel bottom is rejected go short, target 1180. Upwards momentum looks very strong so I will only enter after it drops below hourly ichimoku cloud.

JamesRkaye Updated 

Since the break of the down trend channel (purple line) gold has acted as a mirror to the bear trend with a surprising amount of accuracy with the exception of the consolidation period after brexit. Trade using the shape of the mirrored clone and set trades on the nearest support/resistance lines.

JamesRkaye Updated 

I have found this mirrored clone very useful so far, a spike this large after hitting the ichimoku cloud seems unlikely but set an order at 102.5 encase the clone continues to be correct. This structure on daily would appear as Head and shoulders so it may be possible to let your short run longer

JamesRkaye Updated 

Gold is under ichimoku cloud on 1h chart. go short. Careful of bullish divergence on RSI so keep a tight SL.

JamesRkaye

If green ichimoku cloud and 0.382 fibo level holds then the bull trend is confirmed. first profit taking level 151.5. If support doesn't hold then long at other ichimoku cloud

JamesRkaye

I think it's called a kings crown reversal pattern