Since my last post it has been 3 weeks for gold to get to 1950-1975 zone and topped out at 1959 then took a plunge to the downside currently at 1865. See the dotted blue line(extension) on the chart at 1860 support or not that’s the golden question, its also 97pts(100pts+/-) from 1959-1862 in 2 days possible consolidation at this zone 1900-1880-1860. Break...
Last time DXY WAS AT 103.45 then had a roller-coaster ride and currently at 102.20 See my last post, DXY potentially should find support zone between 98.50-93.75. What’s changed now nothing still on track, but there is a slight speed bump between 102.50- 101.50, (100.00) price could consolidate here before continuation lower or a counter trend rally could occur...
Oil is at my higher price zone of T1=78.30-80.50, 2 option are on the table at this moment 1. price breaks above 80.50 then T2=85.00-87.00 ZONE become the next levels to watch for a reversal. 2. Price consolidates at 80.50 or a double top at 81.50-82.00 then starts consolidation to complete the lower side price target at Price zone= 68.60-65.75 on break of...
US500 is nearing upside resistance at 4030-4100, Thursdays price reversal from 4020-3955= 65pts and then price rising to 4020 on Friday. Price is nearing the caution zone 4030-4100 as 3985 has been breached to the upside. 4020-3955 projected upside price targets= 4031-4041, 4066-4078 & 4094-4113. Breakout above 4030-4045 then expect the higher price zones...
Gold is still on track within the 1st price zone = 1895-1925, clearing 1925 then next price zone =1950-1975. Breakout from 1895-1925 & 1950-1975 new price zone gets activated at 1995-2020. Price could consolidate between 1900-1920 & continue higher to the next price zone 1995-2020. Trend is your friend for now & being cautious at this stage is vital. Have a...
Upside RESISTANCE = 3985-4030 Price is in an upside move and within the upside reversal zone 3985-4030 Can it extend higher lets see the probabilities from 3789 3789-3906=A 3906-3823=B 3823-?=C, C= 3823+117(100%)=3940,3823+149(127%)=3972, 3823+162(162%)=3985 3823+234(200%)=4057 From 3819: 3819-3896=1,3896-3819=2,3819-3973=3, 3973-3903=4,3903-?=5 Therefore 5=...
Expected 4th wave back to between 80.00-104.00. Oil has started to move up from the lows of 72.42 and now at 77.66. Scenario 1: What to expect from 81.40 a potential bat terminating at 79.50-80.40 or extending to 82.62-83.90. Caution as price could fail between 78.00-79.50 and continue downside targeting 73.80-72.40-70.10 and break lower too. Should price...
From 3502-3928-3705-4180= ABC (670PTS).From 4180-3789=5(a) then the sideways consolidation between 3800-3900(range bound) can be counted as abcde, or abc. From around 3820 price has broken out above 3900 and Friday's high at 3928.00, all of this consolidation could be an (a) of the B wave or it gets higher to 3985-4030 price zone then consolidates for a (b) of B...
Crude has been in a tight range between 75.45- & 72.45 upside cannot hold unless 75.45 breaks then upside resistance= 79.00-81.44 Downside break of 72.45 then 71.36-70.10 as next target, break below 70.10 then T1= 68.60-67.00, T2= 65.40-63.00. RECAP FROM 129.42: 129.42-93.00 =1, 93.00-123.60=2, 123.60-?=3, Where does 3 end ?=70.10 maybe or lower... What's going...
Why caution... it's going higher & higher 1900 then 1975 then 2000 and boom not to be seen...quite possible the other scenario resistance coming up at 1895-1925. Lets see why 1615-1729=1, 1729-1618=2, 1618+230(200%)=1848,+288(250%)=1906,+300(262%)=1918=3? these prices are within 62%-78% of 2070-1615. What happens from 1895-1925... probable price...
Recap- highest level- 147.27 & lowest level-0.01 (-40.00 future) then secondary high to 129.42 & low to 70.00, so where does oil spill out to from here there are 2 scenarios: 1. Consolidation between 120.00-56.00 and then 2. Retest of 129.42 & 147.27 or higher. So far: From 0.01-129.42 oil has completed its 1st move higher. From 129.42 to 70.10 oil has...
Where is the dollar headed to... tagged 114.7 then it has dropped down to 103.45(low so far). Lets look back at some simple counts and this is not trading advice 79.00-121.00= 42pts then 121.00-71.00= 40pts, then from 71.00 to 114.75 =43pts (equal moves), what's different lets see... 1st option: 71.00-89.62= A(1), 89.62-73.00=B(2), 73.00-103.82=C(3),...
Where will gold head into 2023 and beyond... I don't know however I what I can share is my view, this is not trading advice. Gold made a high at 2075-2070 double top then dropped down to 1615 -1622 (450pt) and currently at 1810-1795 range(200pts) halfway mark 50%, can it go higher? maybe or into consolidation. Support for gold would be 1775-1725 and resistance...
Spx closed at 3060 end of May and continued its ascend into June ending the 1st week at 3188 (intraday high 3212) and is there still more for the upside or does the downside start from here on!!! Recap from 2180: 2180-2641=1, 2641-2431=2, 2431-2890=3, 2890-2724=4, 2724-2972=A, 2972-2780-2953-2766=B, 2766-3068?=C or still higher!!! 2724-2972-2780=...
GBPUSD tagged 12296 which was within R=12280-12310 and is consolidating currently at 12170's, lower consolidation zone 12140-12120 and also a decider for either a break down to 12075 and lower to T1=12075-11940 or T2=11880-11760. FROM 12642-12266-12467-12075-12296= 1,2,3,4 & 12296-??=5 therefore 5= 11900-11880 where all 1,3,5 will be equal. The other...
Euro had enough of consolidation and once it got to 10855-10890 Zone it has not stopped the move higher to 11144, Once price got to 10900 it then moved higher broke out above 10990-11000 and invalidated the downside to retest lower levels at 10860-10790 as per previous post. 1. 10640-11147-10727= 112420(100%),11310(113%) 78% (of 11493-10640) & gartley...
Break above 2980: T2= 2990-3010 OR R=3027-3040...Price was achieved at 3038 during the week and then the market consolidated lower to 2969, from where it rebound higher to 3068 and then had another consolidation lower to 2999 and cycle repeated again closing at 3060 on Friday. Support now is at 2960-3000 break below this zone will activate the downside support...
Euro tagged 11008 then started it decline lower currently at 10890 S=10890-10855, this is a 50% from 10767-11008, price will consolidate within 10910-10940 , break out above then expect R= 10965-10985, break below 10890 expect lower support at 62%= 10860, 78%= 10825 & up to 88%=10790. There are various price relation in effect from 10767 (see chart) at the 50%...