Inside a bearish leg of a sideways action, one might say, but I would say criss-cross pitchforks signal bullish power. As you see, the price failed to reach the upsloping LMLH, thereby creating a double bottom, shown with the green arrows on the chart. The SL is broken by the final bullish bounce, indicating further buying is due. The MML has been reached,...
The technicals necessitate a consolidation before going further down, which could allow us to enter the train in lower time frames. The downsloping UMLH may be revisited, probably at a confluence level. In such a case, there will be no need for extra confirmation of the downtrend, which has already been in effect.
Alphabet Inc. might be at the breach of a serious decline. The arithmetic relationships between the waves are in the chart. The W3 in the chart seems also to be a completed impulse. I expect a retest of the lower green TL, but a further breakdown is likely as well.
The upsloping pitchfork in the chart is a T-pitchfork with a variable anchor at U.236 of the T-line. It seems the bearish momentum has a lot to do before getting exhausted. If the leg beginning from July 2014 is an impulse, the final rejection from the downsloping UMLH should be the beginning of W5, whose possible target is the upsloping LMLH. Thus, if the...
The downsloping pitchfork in this chart is constructed with the help of the monthly TL3 (see the linked idea below). Together with the upsloping pitchfork which describes the W4 suggested in the monthly view, the picture seems bearish. It is also suggested in the monthly view that the red arrow might be the beginning of W5, which might be an ending diagonal. If it...
As far as I can see, the ratios call for a bullish correction to the downward movement. The red ellipse shows the power point, where we may see some acceleration. The red dashed line is the weekly ML, which I think is likely to be revisited. Proper action should be taken to the down side when the time comes.
The market demands us to wait for the clear signal of an end to the consolidation. The Stoch is still too high. The final upward push allowed us to draw the SL, which will act as a strong validation element.
We have finally seen a proper bullish activity in Sugar. ATR has been slowing down since the August 2011 top, and a closer look shows that there is a little bit of enthusiasm in the final bullish swing beginning from August 2015. The bullish momentum may make us reach the downsloping UMLH, and the price action will be important thereat. Weekly look will hopefully...
There is a possible EW count for this pair on the chart. If the view in this chart holds true in its entirety, which I think is not very likely, because the lack of a Fib ratio relationship between the waves makes it imperfect, and therefore open to failure, the LMLH will be broken by the W4, which will then visit it again around 23 March 2016. One may wish to...
This relative simple drawing seems to be a good accompany to the monthly view, in which the strength of the downward push is noticed. The red TL, which is the upper .5 speed line holds as a support. The price may squeeze within the area enclosed by it and the MUWL1 (this is how I prefer to write mini upper warning lines in short). The pair trades in the oversold...
The continuous downward push beginning from June 2016 has passed a long way, destroying the daily and weekly key levels. It seems the bearish action will continue. Bulls to be careful in shorter time frames.
ATR shows that the upward move beginning from 25 August and lasting until 3 November 2015 was without the needed enthusiasm and vigor. Notice how it has been getting into higher levels as the downsloping sideway formation is being actualized. Now the price tested the highs in the 1st upsloping warning zone and failed. Breaking out of the LWL1 is indicated further...
I am a bit late to post it, but you are still not late to go short. I would love to see a 5-day downward move. Notice how the ATR goes down throughout the entire upward move beginning from 4 September 2015. It has finally changed direction in the beginning of the last downward leg, that is, the P1-P2 leg shown in the chart. Interpreting the P2-P3 leg is crucial...
This pair testing a confluence zone. The recent push induced by the WL1 may or may not pass this test. As with the monthly and weekly analyses, my bias is bearish, but this leaves this possibility open that the bearish move can continue in the second warning zone, that is, between WL1 and WL2, or even farther from the main body of the pitchfork drawn in the chart....
The red line in the chart is SL which is drawn parallel to the UMLH of the pitchfork in the monthly analysis. The weekly look reinforces the bearish bias we have thanks to the monthly view. The price could not reach the SL but returned from a lower point, which the UMLH of the downsloping pitchfork is perfectly aligned with. This indicates further selling. We had...
The monthly look warned us about an imminent reversal, but I have no interest in getting into the train too early. The price has not yet reached the ML. And notice I choose my anchor placed between P1 and P2 of the pitchfork for a better fit, rendering the UMLH as the action line. Thus, I am waiting for a continued bearish action. The final arbiter will be the...
I would love to be on the long side of the market for this precious metal after the green TL is broken. The price is headed to test the old lows, and I am suspicious if we will hit the horizontal red line or not. In any case, it seems we will test the green TL in the immediate future. If it's broken, it will mean the correction starts, and it may most probably...
This pair shows an immense weakness. Reinforced with the monthly view, we may say that another huge downward move is imminent. The pitchfork constructed by the P0, P1 and P2 (the pitchfork itself isn't shown in the chart to prevent overcrowd) has the red line as its trigger line. The red arrow points out the upsloping failure, i.e., it is where the market turned...