jasperlawler

jasperlawler Updated 

While below 5790 resistance- Bitcoin looks poised to drop to 5000

jasperlawler Updated 

If gold has bottomed, another drop could find support at old resistance 1205

jasperlawler Updated 

Silver is testing key support at 14. A false break lower followed by broken declining trend line signals a bullish change of trend.

jasperlawler

Waiting for bounce for better R:R

jasperlawler

EURUSD is attempting a longer term double bottom. = bullish Short term resistance comes in at 1.142/3 Bullish scenario A) Wait for break of 1.1420 to see a push up 100 pips to 1.1520 Bullish scenario B) Another pullback to 1.135 presents opportunity near support

jasperlawler

Gold pulled right back to former R turned S and is now hovering near last weeks highs = bullish Bullish scenario A) gold makes a leg up from current levels near 1230 to 1260 Bullish scenario B) gold pulls back to 1222 before making next leg up

jasperlawler

The introduction of US sanctions on Iran has been a "sell the fact" event. Brent crude has broken a long term rising trendline = bearish Scenario A) price bounces to 74.30-75.10, which holds as resistance for another leg lower towards 71 Scenario B) price just drops from current levels to 71

jasperlawler

Bitcoin has broken a declining trendline on the 4hr chart after holding support at 6300 = bullish Bullish Scenario A) Price hold 6450 and breaks higher toward 6800 Bullish Scenario B) there is another pullback to 6400 before next leg up

jasperlawler

Broken resistance at 1212 has held as support Preference: go long Scenario A) Price pulls back to 1220 round number & short term S/R at 1219 before moving up to 1237 Scenario B) Price takes off with minimal pullbacks

jasperlawler

Cable has reversed strongly off long-term support at 1.27 to reverse the short term downtrend Preference = go long with the trend reversal Scenario A) price pulls back to 1.283 before continuing to 1.30 Scenario B) bullish momentum provides no short term dip-buying opportunities so wait

jasperlawler

The long term rising trend line on the weekly chart could offer a confluence of support with the 75 round number Scenario A) Brent finds support in the $74-75.50 region for a rebound to $80/82 Scenario B) 75 gives way and retracement continues to 71/72 August lows on

jasperlawler Updated 

The DAX index has slumped back to 11,700 - the neckline for a long term head and shoulders pattern Scenario A) The neckline gives way to target 10,500 Scenario B) The neckline holds for another rebound into the consolidation before weakness resumes

jasperlawler Updated 

Brent crude is in a longer term uptrend - but is on the cusp of a big negative week- perhaps implying more downside to the correction Scenario A) Await clearer signs of a base for price to hold above 80 Scenario B) Look for fresh sell signals below 82.5

jasperlawler Updated 

112 / 50 DMA and August highs could provide a confluence of support to help resume broader uptrend. Risk to this scenario is that weekly candle looks bearish from long term resistance at 114.5 Scenario A) 112 is the bottom and rebound gains steam to take out 113 Scenario B) Downtrend resumes with another leg lower below 112

jasperlawler Updated 

Gold is attempting a close above 2110 for a 5th time. We remain neutral until it gets there 1) Scenario A) Gold closes off its highs back into range - no action taken B) Gold closes above 1210 and triangle base to target $1235 per oz

jasperlawler Updated 

The DJIA formed a weekly reversal pattern after breaking to a new record high The trend is most likely to continue higher BUT bearish positioning on a rebound has a good potential R:R / better chance of success near major resistance Scenario A) Dow rebounds to previous record high level and turns lower for larger correction toward 25400 Scenario B) fakeout was...

jasperlawler Updated 

Dollar yen is in an uptrend on daily charts - but has formed a doji star reversal at 114.5, major weekly resistance Scenario A) Bearish weekly pattern dominates and a rebound stalls at 113.5 to target 122.2 Scenario B) Uptrend dominates, 113.5 break leads to break above 114.5

jasperlawler

Gold remains in a consolidation at the bottom of a long downtrend- but yesterday's price action looks bullish Scenario A) Gold pulls back to 1200 where buyers finally push it above its trading range towards 1235 Scenario B) Gold trades up to 1210 before falling back into its trading range again