All this up and down seen on a 4 HR chart could cause a person to lose sleep. However it does give a better feel for the short term pulse of the market. Somewhat like blood-pressure as seen by the solid yellow and red lines. Right now I would say it’s a little high but let’s not fool ourselves, it’s been there before. It often happens prior to a leap in one...
At this time the overall probability from higher time frames is for DJI to move south (6H to 1D). However, there is a trend move probably on a 3 min to 5 min coming up. This could move DJI up from 20800 to possibly as an estimate 21600. This is not a prediction. Have a look. Also see my other video that tracked a trend change on the DAX (link is below). Note:...
Goldman Sachs has stumbled and now there is much debate out there about what next to do. As usual some are shouting "enter long now", whilst others are saying "stay out" etc. For me, it's very simple i.e. I just need to wait on a favourable time frame, somewhere between 2 - 6 hourly if I'm to go north. It's difficult to go short as there could be a rebellion of...
CXY, is having trouble continuing upward in it's channel due to the micro-trend (white) visible here. micro-trends are weaker than major-trends, however, they do affect price-action as we can see, sometimes taking control from the major-trend for extended periods of time.
Historically when the Coppock Curve reaches this level, the stock moves at least 1% higher over the next few weeks with an average move of 15%. This chart depicts multiple levels of interest over the next few months. In the current MACRO trend channel, it took BABA about 64 trading days to go from the top of the channel to the bottom (Nov 15-Feb 16) in a move...