My Idea for Bottom and where to buy. Trend is aggressively downwards so will likely test long term bottom and bounce ahead of big updates early next year.
H&S Formed bearish pattern Retest daily level
Platinum is about to fall out of the sky. Head and shoulders Pattern Overbought Daily Stochastic Remember Silver and gold will follow Platinum. So expect them to move higher in the coming days then drop hard.
China Threatening to retaliate due to hong Kong bill and sell signals every where makes this short straight forward
H&S About to form Daily Stochastic signals sell Double top formation
Enter Short Soon Clear Down Trend on Weekly Trend heading to weekly demand zone
Eur/CAD in clear downtrend. Weekly Trendline Broken. Daily Support getting tested repeatedly and will likely break. CAD is showing strength again across all pairs and Oil being bullish will only further drive CAD Strength in the weeks to come. Red lines = Daily Levels/Trendline and Black lines = Weekly Levels/Trendlines
Price is at key Demand Zone. Trend is still bullish. Price just over reacted to the unemployment news in Australia. This is a great long term buying opportunity to Target weekly supply zone
Price Approaching Daily Supply zone. Oil is bullish which should help CAD's cause. Both weekly and Daily Stochastic is very overbought so we can capture a large wave. Plan is to fade the stop hunt at the Daily level (Red line)
H&S Pattern is formed and it looks like a very bearish structure. Euro/AUD recent rise is of the back of poor Aussie Employment figures but it is approaching supply zone. Watch price action at Resistance for Short opportunity.
Below 2 EMA's and Death Cross. Huge Daily level was broken so expect it to turn into resistance and plan is to sell this retest. Big weekly level is the target Weekly stochastic is showing sell also. (Not on chart)
Death Cross on 21/55 EMA DownTrend Expecting short term push upwards for market Marker then move down to weekly level
Stochastic is very overbought on Daily/4 Hourly Trend bullish but needs pull back. Enter now tight stop loss.