Mastercard is now pulling back to a key area of value. Fib, weekly 50/60 ema's, and key trendlines all come together in that spot.
Pretty obvious continuation pattern (bearish pennant) forming within copper. Short term- We formed a inverted hammer candle today at the ascending trendline hinting at a potential pullback to fib before breaking out. If we form a bullish candle tomorrow that'll confirm the sentiment and i'll likely take a short term long entry up to that key fib area. Long...
We have quite the H&S confirmation signal here with the weekly close below the weekly 50/60 ema aswell as the neckline. Obvious short play and should be an easy 3.3% Stop is protected behind daily 200/250 ema + fib retrace. If price pulls back into the week for a retest of daily resistance I may add to the position.
Appears as tho AAPL should now pullback to key support for a retest of the confirmed wedge aswell as the fib retrace. You could certainly short this on the way down as well. Look for AAPL to pullback with the S&P500, with both likely bottoming around the same time during september.
We have finally broken out of the bearish wedge on the daily and *should* begin our descent down to the 200/250 ema's. To get to that level we must first break support at the .71200~ area. I'm waiting for intra-day confirmation on sunday night/monday morning before I hop in. Entry level and stop placement are entirely up to intra-day techs. Position setup...
It appears as tho we're about to retest the bearish wedge we broke out of during the first part of August. We have a shit ton of resistance in this area and appear to be forming a H&S formation as well. Look for deceleration and a rejection of this resistance on the daily and intra-day for confirmation to get short. Ideally this pair tops out at resistance the...
Wheat appears to be nearing the completion of a major ascending wedge that spans 4-5 years. Best way to take advantage of this would be a wide entry with a safe stop once a bottoming pattern appears on the daily/weekly. My guess is we won't see a bottom until late 2016 or maybe early 2017. Martin Armstrong has posted about the global *cooling* (not...
Looks like we should retest support here soon around 45.90~ This area is KEY and consists of the fib retrace, recently broken descending trendline, and daily 50/60/200/250 ema's + weekly 50/60 ema. If we get a decent rejection of support I'll gladly add to my position.
With the SNB jawboning quite a bit as of late and expressing their desire for a weaker CHF, dollar reversal signal, and the bullish technicals on USDCHF, I'd say this thing looks pretty damn good
Dollar Yuan formed a nice double top during the month of July confirming the substantial bearish macd divergence we're seeing on the daily. After forming our high at the double top we dropped down to support forming a lower low, and have now pulled back to the .5 and .618 fib retrace, forming a lower high along with a beautiful right shoulder within the daily...
We closed above the all time high at the end of July signaling MAJOR bullish sentiment. We came back to retest that key area over the past week and then closed out this week with a nice low test in that area. Key Lines are based on Marty Armstrong's Socrates model.
Looks to me like HLF is forming a right shoulder within an enormous potential H&S formation. Add the enormous bearish divergence within MACD and I'd say this is a very attractive short.
Watch key support at 2137 in SPX! Could be a great opportunity to catch the ride up if you're not already in or add to existing positions.
Looks like we're going to have a nice little opportunity to short aussie dollar here in the next day or two. We're currently topping out in this giant ascending wedge pattern at a major zone of resistance which should provide us with some nice deceleration and confirmation within the intraday's to take it back down to the .73400-.73500 area
This is a fantastic way to play the upcoming CAD strength from oil against the weakening USD. We have a massive descending wedge forming a somewhat sloppy right shoulder within a bigger inverse H&S formation on the monthly/weekly timeframe. Should see continued dollar strength into the week bringing us down to the bottom of the wedge to form what should be...
Looks like we're topping out here at the peak of a massive ascending wedge. HIGHLY likely we form a beautiful high test on the quarterly chart but I'm not going to wait around for that to happen. Martin Armstrong's Socrates signaling major trend change to downside within TLT which confirms techs. Trade Management: First major area of support seems to...
We should have a fantastic opportunity to buy gold down at 1315 next week. It appears very likely that we'll be retesting key resistance that is now support (2015 high @ 1307) with our last quarterly closing above that. Watch for deceleration and a rejection of the 50/60 ema, bottom of bullish penant, and 1307-1315.10 area. This should coincide with an oversold...
We saw perfect deleration on the USOIL daily chart mid week which was then followed by picture perfect technicals on the 1hr and 4hr with a inverse H&S formation. We finished the week off with a nice low test rejecting the .5/.618 retrace area from the Feb low to june high aswell as KEY support at $40. This appears to be an obvious right shoulder within the...