AUDUSD I am longer term bullish, monthly up-trend line support During the week we saw a breakout of resistance on the 60 minute and a retest Friday This level approximately equates to the .5 retracement of the weekly up move 8 Hour chart shows a potential wave 3 in formation and FIB projection points to a move up Waiting for open to see the way the pair plays...
This is the top because the final push provided liquidity for the large institutions above an obvious resistance level. They turned the sellers at resistance into buyers on that final leg up. I was selling at that level too, but got stopped out before that big push up. They quickly dropped prices back below that resistance level so those same sellers will...
Today should have been an easy day to go long at the Inventory level, but they whipsawed me out a few times so I gave up just before the big move to my target. The target that I marked up was from my MT4 Oil chart which looks different from this oil chart. The Mt4 oil target was hit, but this target was not so I recalculated where the target would be using this...
Today was a tricky day during inventory news. I was short going into the news with profit, and thought that the news would blast through the 50% fib level. Stop placement was too far away and took a big hit. Its a lot easier to be an analyst than be a trader during the live markets. As you can see, oil traders like using the magic number 3 at key levels. My...
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!
August, 24 low is going to be tested. August 24 low is going to broken Targets are by arrows. Daily chart will follow. Video Analysis on Weekly, Daily, 240 min is here: www.youtube.com
Hope for price breakout. Buy above : 119.329 Sell below : 118.884
Expect for price breakout. Buy above : 1.32971 Sell below : 1.32631
Anticipate for price breakout. Buy above : 1.11789 Sell below : 1.11345
Confiding for price breakout. Buy above : 1.49831 Sell below : 1.49387
GBP has had some strength the past few weeks. This channel has formed and had had relative consistency in terms of hitting the upper and lower trendline areas. Note that the key resistance zone (grey box) has turned to support now. UPDATE: GP very strong. Possibly look for breaks above trendline. Form your own opinions. This is not to be interpreted as...
Elliott wave correction of NGAS . looks to be hitting a bottom with a possible ending diagonal to end the 5wave count c'wave. ,,support may break a little( as before around 3.31.15) but overall looking for a y'wave reversal. Note how the 4th wave of a hit the 1.272 extension of 1-3 and 3rd wave went to 1.618..these are classic subwave relationships. y wave should...
Frankly, I could come up with a variety of counts for the market right now. About 4 counts say that the market has reached a top and we should be ready for a minor correction till July and then prepare ourselves for a bull market again. Analyzing the expanding ending diagonal proved to be tough. We could go up to the resistance zone indicated by the box and go...