Flexdirect

Flexdirect

Similar analog to 86-92, clear neck line here, could be a mover! Shorts at 126.50 lows for c80 tgt.

Flexdirect

6 years consolidation has been sideways, material break and geo political risk - my bias for higher!

Flexdirect

2 year congestion about to break (?), sentiment is very bearish right now... time for upside break continuation?? 8 ema intact and we have had a decent energy pullback. My bias is for longs until Mas break down.

Flexdirect

Good analog here re '99-02 suggests the USD is may not yet be done despite the hubris around Gold and Silver. We are at a key inflection point, upsloper needs to hold for USD bull market to persist and if it does it is likely the market tries to test 2001-02 highs. “History doesn't repeat itself but it often rhymes,” Mark Twain

Flexdirect

9yr H&S consolidation with good down sloper median respect, looking for a break of the neckline to further confirm the move. Initial Tgt 1.35 Secondary Tgt 1.10 Trade is negated on a break and close of the ML downsloper.

Flexdirect

H&S has failed but structure is still to the top side (hl's hh's), bias is for upside continuation to 760 with a stop below 660 swing low (if aggressive can dial up RR using a median line stop), if 660 is given would favour a broader double top formation and usdclp for lower. For now weekly Mas are supporting price action. But remember, anything can happen! :)

Flexdirect

Long term top looks to be in place for NVIDIA, once the darling of crypto mining.. (might this signal material weakness to follow in BTC?)... Caution AMD also, should follow suit if NVDA breaks. Initial target would be 60 thought plently of fresh air below.

Flexdirect

Bearish weekly setup for emerging markets targets c 25 into year end. Idea negated on a break above 45

Flexdirect

5year base is finally mustering some strength, like the H&S play here to 1800 region

Flexdirect

Watching this pair closely, are we due to roll over, hard to imagine with the USD strength right now. Await a trend line break or a fake out of resistance for confirmation of USD weakness

Flexdirect

GBPCAD looking very heavy right now following bull continuation H&S failure. Expect the pair to drift to 1.60-58 support from here on

Flexdirect

Neckline has broken here, favours a move to next support at c4.08 area

Flexdirect

Look for target at 5.20 on a break of neckline.

Flexdirect

Impulsive break of 3.5yr resistance bodes ill for CLP, next target 810

Flexdirect

GBPUSD woes building, break of neckline should support a move to 1.07

Flexdirect

Copper exhibiting nice H&S structure, look to play the break for measured move target 2.0. Pattern failure confirmed if neckline retaken.

Flexdirect

My long term bias here is that we have seen the last hurrah before market finally rolls over, there are still many bulls from 2017 looking to accumulate but i fear this market has to die away at least for 2/3 years in a final shake out... maybe of longer term interest 2022+. Meantime look for short plays

Flexdirect

EM investor Franklin Templeton exhibiting a 8yr H&S top, neck has broken and is now retested, good low risk entry region here for target 12.50 low with a stop above the 35.82 high. Prospective RR at 8+