Price have now pulled back to the MIDAS S1 Curve on the Daily time frame. Going down to the 4hr (chart above) a T.D price flip is about to occur as price approach wholesale prices (demand zone) in oversold conditions which is also creating a momentum divergence to the upside. Trade Setup can be seen to the right on the chart with a R:RR of 1:3.
Looking at the daily chart of gold a T.D Combo is about to complete which is lining up with the Monthly MIDAS R1 Curve launched from the 2012 high. Momentum is also approaching overbought conditions while forming a bearish divergence. Look for opportunities to go short on the lower time frames. The projected target is the $1000 handle which gives this setup an...
An opportunity spotted on the Australian Dollar/Japanese Yen through the DCS-Report . Looking at the order flow we can see that the market have made an impulse or wave/leg 1 to the upside after being contained within the Foothill pattern. A MIDAS support channel have been launched from the initial take-off and are currently awaiting to be tested for further...
An opportunity spotted on the New Zealand Dollar/Japanese Yen through the DCS-Report . Looking at the order flow we can see that the market have made an impulse or wave/leg 1 to the upside after being contained within the Foothill pattern. A MIDAS support channel have been launched from the initial take-off and are currently awaiting to be tested for further...
I would like to start off by saying that I removed the Primary MIDAS R1 Curve as it cluttered the chart and have already done its job in regards to the analysis above, however it successfully captured the initial pullback. On the chart above a T.D price flip have competed in oversold conditions at what looks like to be the end of wave 3, as there is a huge...
17:25 GMT update.
Everything goes as expected so far.
IMO, S2 is broken and cant support prices anymore.
R2 is pushing price nicely down.
EU is going DOWN.
On the left side in close proximity, there is not any anchoring point which can give support for the faling prices.
We need to go far far back left to find a support MIDAS line below these price levels. But it...
Last MIDAS channel was anchored from the wrong bar in the indicator page so this is the one with correct anchoring.
Basically MIDAS channels are now acting as resistance. Latest MIDAS channel is chasing down the price.When price comes back to channel wait for a bearish confirmation signal then go short.
First reliable breakout signal off the downtrend after the long 7 months bear market for Litecoin. (Correction from 48 USD -> 3.3 USD. 14x decrease in price)
We also have a double bottom made on 22.10 CNY (3.3 USD).
This is an extremely good risk/reward place to be taking position on Litecoin with stops at 21.69 CNY.
