ImpulsiveWaveTrading

ImpulsiveWaveTrading

So, by looking at this chart, how would you as a trader approach trading #NAS100? Send us your thoughts below...

ImpulsiveWaveTrading

🔵 GOLD has completed all of its micro-waves to satisfy the pattern drawn on the chart. If we hold below 1825 then price should move to the downside in the coming days.

ImpulsiveWaveTrading

We are looking for a spike to 1820-1825 resistance area before Gold puts in a considerable top and reverses back below 1800. Although our general bias is bearish, we trade what we see and change analysis according to market data. Therefore, if Gold breaks and closes above the 1825 mark on the 1H timeframe, our bearish view may get invalidated.

ImpulsiveWaveTrading

The PA in US30 has been a bit messy in the past 3 trading sessions if you were trading the lower timeframes. However, as we see on the chart, price managed to pull back after reaching the supply area at 35,700. For today, we are looking for a trading range of 35,000 at Monthly Pivot and 35,500. If the Monthly Pivot holds then look for intraday buy positions for...

ImpulsiveWaveTrading

The Cable is trading in between 2-Fibonacci Golden zones, hence, it is normal to expect today's price action to lie in between 1.3650 and 1.3510 levels, as seen in the chart posted. We are looking for a pullback to the Monthly Pivot for today, therefore, our idea is bearish with invalidation above 1.3650 resistance.

ImpulsiveWaveTrading

EURUSD saw a considerable bounce higher after the ECB meeting yesterday. In theory, the ECB was quite dovish and bearish about the EUR, but nevertheless the price jumped considerably. Current market structure suggests a possible pullback in EURUSD to the support area = 1.1385 before advancing higher again towards the resistance box at 1.1600. A breach and close...

ImpulsiveWaveTrading

Gold is holding above 1795 support in the last 3 trading sessions and we are heading into the NFP tomorrow, Friday 4th. Key levels to watch for short-term trading are: Main support: 1795-1800 Resistance #1: 1810 Main resistance #2: 1823. A breach above 1823 would complicate the bearish view which we hold for a drop lower to wave "e" around 1750-1720.

ImpulsiveWaveTrading

The big TOP in the market is not just yet in, as per our analysis (fibonacci ratios and wave count) $SPX $SPY. The charts are pointing to a massive rally during FED hike cycle. Nothing new under the sun. P.S. Invalidation of this view: a break below 4k mark.

ImpulsiveWaveTrading

Gold managed to drop nicely, 60 points since our last update. We are expecting a short-term consolidation here at 1780-85 before another drop to 1730 support finalizes the wave "e" in its entirety.

ImpulsiveWaveTrading

In this chart, we are tracking the corrective pattern on the Nasdaq100 index in real-time.

ImpulsiveWaveTrading Updated 

If Gold fails to hold the 1720 support (see chart above), and makes its way of dropping below the 1680 mark then the odds of the alternative bearish view will increase dramatically. We are prepared to shift bias once this view is confirmed.

ImpulsiveWaveTrading

Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area. E-Mini 60Min Chart - October 23, 2016 In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete...

ImpulsiveWaveTrading Updated 

CME_MINI:ES1! INDEX:SPX