From my chart analysis, the NASDAQ appears to be hitting prior resistance, finishing up an Elliott wave double combo pattern, finishing the completion of a bearish Bat, and is overbought on the stochastic indicator. Will look for triggers to enter on a lower time frame once and if the Stochastic indicator crosses the 80 line. If entered looking at target of...
TVC:DXY retraced back to 50% of the prior swing. Oscillator O/B. looking for the dollar to continue back on its downward trajectory!
looking at a possible decline in gold from 1244 to 1232. On a 30 minute time frame I am looking at the end of wave 2 of an Elliot wave ABC correction and the start of wave three with a possible target of 1232.37. We will see though. I got my ass kicked today on my stop for point A of the last ABC pattern on my last trade. Entered at 1242.55 and had my stop at...
looking for the NASDAQ to bounce higher as long as it gets through the .618 retracement of the last swing down. Im looking at that level as resistance and the 6281 level as support. On the fundamental side of the house, the ABC reporter (Ross) that caused the big drop has been suspended for making fake news against the President and the GOP actually agreed on...
USDJPY time and price analysis on the 4 hour chart. a lot of symmetry here
Perfect bearish Crab pattern forming on the daily chart. this lines up perfectly with my EW count, the 1.618 extension of this current price swing and my chart analysis on the lower time frame. we will see though!! Will initiate short after a terminal candle price bar in the PRZ of 1.8800 -1.19083 along with a stochastic move out of overbought. Looking at an...
here is what i am looking at for the week with regards to the EURUSD. I am going to continue to look at the long side until about the 1.18800 level. At this point I am going to keep my eye out for a reversal. This is where I have an AD=CD pattern completing along with the end of wave 5 of my EW count and the 1.618 extension of the current swing. Additionally, on...
Here's my analysis on the EURUSD. Expect it to continue to rally until about the 1.19 price level. This lines up with the EW count, the AB=CD pattern forming and the past time and price cycles. There is resistance at 1.18221 to watch out for. This is the 1.272 extension of this current swing.
From a technical perspective it would appear to me that the rally in Oil is about to stop and retrace to at least the 48.50 level. I have a bearish bat forming on the 4 hr chart with a potential reversal zone of 50.32 to 50.95. This bearish bat aligns with my EW count, the past time and price swings symmetry from through out the year, and also the extension of...
read about the dollar and Trump in an article today and charted it myself!!!
EURUSD Crossing 1.06776 is a short trade confirmation primary target is @ 1.05917-1.05566 however trail up stops at strong support @ 1.06580 where price hit a double bottom and it is also the .618 retracement of the larger swing
looking at a classic wedge pattern here and an Elliott wave abcde correction pattern. We will see but I think it should push to the upside to the 2.618 extension based on previous time and price patterns. 16 bars 16 hrs band about 1.45% move each time. My only issue with this chart is that I am looking at the Dollar hitting possible time and price resistance...
Dollar could be hitting some resistance here on the daily chart. If it is I am looking at a possible retracement to 101.01 (the .618 of the current swing)
Fundamentally I have the USDJPY valued at 115-118. that's a conservative valuation and also a short term valuation. I think the USDJPY will consolidate at this level until the newyear and be somewhat range bound comparative to the GBPUSD. technically: I have a bearish bat forming at what I have the termination of wave 3 from my EW analysis. This also lines up...
Possible bullish crab forming potential reversal zone @ 1.6632-1.6650 SL @ 1.658320 TP 1 @ 1.67357 tp 2 @ 1.67907 waiting on candle and Stoch confirmation
I hope it doesnt drop anymore but if it does Im looking at strong support and a possible reversal in the 2056-2068 zone. notes on the chart
looking at a possible bearish butterfly forming on the 1 hour chart. with a retracement to at least 104.218 Will enter on a terminal candlestick in the reversal zone of 104.70-104.90