USOIL is good to buy USOIL is currently in buy region after making a successful pullback, we can look to buy within the red zone marked on the chart, a break below 54.39 invalidate this analysis...
CFD
GER 30 (DAX), Chance to start bullish trend!The price is breakout downward channel and it we can see the grow is start!
#GOLDIn the event of failure of each of the yellow areas, you can go to the red range;
Time limit is specified;
The price is inside the triangle;
10 - XAGUSD - Metals | Reversal & Impulse | July 2019XAGUSD labeled within Bullish Corrective structure in Primary Y (pink).
Patterns:
- Intermediate (A) (green) - Three Swings Sequence in its Minor ABC (blue).
- Intermediate (B) (green) - Complex Correction which could transform into a Double Three if a move on the down-side shows strength.
Silver should be able to start a bullish impulse once the current structure finalizes.
9 - XAUUSD - Metals | Reversal & Impulse | July 2019XAUUSD labeled within Bullish Impulse in Intermediate (3) (green).
Patterns:
- Minor 3 (green) - Bullish Extension
- Minor 4 (green) - Contracting Triangle
Gold should be able to resume the bullish impulse after completing the correction in Minor 4 (green).
Minor 5 (green) should present a sudden and sustained rally.
[Gold] July 11, 2019 - ALuoTradingJournalThe gold was successfully weakened with its first resistance level near 1423 as analysed in the last journal.
A upward trend went up to the price near 1423, and from what we can see in H4, we can see that the signal is hinting that 1427 was its high for today.
This means that, if doing a short term position if it does not surpass the its current high. I will make stop loss at 1429 or 1430 with a tiny space, incase of a sudden spike pops up and go downward trend straight afterwards, but the final destination for short position will still be as 1440. Anything passes that, all short positions must stop from my point of view. For the moment, I will aim for the 1400 as my Take Profit.
In long term, if price doesnt break 1440, I will aim 1360 as the first long term aim. During time will be getting those retracements.
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market in going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.
#GOLDTime limit is specified;
Support and resistance are specified;
The price is within the pattern;
Be careful about the candlestick
SPX500 - LONG, supported by ascending trendlineSPX500 confirmed resistance off lower ascending channel line during Asian session. Looking to go long from 2981, TP 3045. SL 2974.
#GOLDTime limit is specified;
The price fluctuates between two pink ranges, and in the event of failure in either direction, the yellow range can be advanced;
The price is within the pattern;
Long On Crude Oil (Abolish Natural Resources) Seem that Oil Price is set to bounce off my highest moving average on my H4 Chart.
Platinum buy signalsPlatinum (PL), Monthly chart: 15 years long(!) support zone + Divergence on RSI(14) + Harami candle pattern. BUT we didn't break resistance line yet
US30 - READY FOR BIG SHORT? It is getting more and more obvious that Trump's Government have used trade war as a leverage to propel markets to ATH or higher (SPX) to this point. However, it looks like "all masks will come off at midnight" i.e. Sunday before futures open to reveal that it all was a big disguise. Trump's approval ratings going into election year are at record low. One thing that boosts popularity is a nation's solidarity in the time of war (trade or real or both).
Huawei was reportedly collaborating with Chinese army on R&D projects. Dead end for 5G in US. Trump will never lift its ban.
Two crucial trading days left. There will be a lot of news from Government officials about upcoming deal with Xi, but you know that that is method that they use "pump before dump". Watch out...
Tariffs, that is the only source of funds that can offset evergrowing US debt in Trumps opinion, not by much but to cap it somehow. If not Monday, but soon enough we will see additional tariffs in place on majority of Chinese goods. That will tank the whole market, but Trump will have a secret weapon to unveil at the time when everybody think that recession is at the door step - they will sell billions of Dollars to make it much more competitive among other currencies. That in itself will temporary boost the market.
For now, Monday the July 1st is our climax point. We shall see...
Good luck to all of you.
US30 - Trading near key support. Watch for more downsideObserved limited bounce on SPX from its 236 fib. I'm taking LONG position once again after yesterday's profitable day and handsome 130+ pip profit. We're getting closer and closer to decision date. Where market has to decide it's direction, UP or DOWN. Right now upside is limited by ATH @ 26950, so unless we pump hard on some definitive news from Munchin we're set to revisit ATH this week. If not, we are going to be capped by 26500-26700 range until Sunday futures open.
I'm cautiously sitting on a fence right now leaning LONG with tight stops at 26470. TP is 26615. Not getting greedy. Just make some $$$ is enough in this choppy market.
US30 - Consolidation ahead of G20US30 bounced back nicely this morning and manged to stay above 382 Fib. I've entered long at 26550. Trading carefully with a SL at 26500. Ultimate TP1: 26680, TP2: 26950.
-=Never give up=-
US30 - one of the last buy points before BIG SHORTNice bounce back from support SPX will probably dive a little further. As from my other post, I anticipate LONG at 26640-660 with stops at 26600. TP - ATH confirmation at 26900.
-=Never give up=-
US30 - Uptrend intact. Iran sanctions minorTrump exaggerated seriousness of sanctions against Iran. Considering that 80% of Iran's economy crippled by existing sanctions, new sanctions announced by Trump yesterday were aimed at heads of the Republic. Market reacted positively (as it's not a war), shooting up toward 26830.
Right now we are in range trading which will probably last until Monday, pending trade war negotiations with Xi.
Personally, I'm long from 26750 with SL at 26730. We are clearly still within ascending channel and prior to G20 might test ATH at 26900 with high probability as there is no negative news on the horizon.
-=Never give up=-
#GOLDStrength and support are specified
Patterns are marked
The time range is specified
The price is now on the resistance.
US30 - Sanctions on Iran, another chance to bearsAs always, Trump likes it to make important decision while markets closed or on weekends. This is market manipulation, probing waters with airstrikes days earlier and calling the off shortly after. Now we need to dump or release some bullish pressure to go to ATH or 3000 SPX.
This is not trade war with China, hence I don't anticipate any huge down movement at the open on Sunday. My scalp position will be set to 26515 with SL at 26460. We shall see tomorrow.
-=Never give up=-
OIL - A Little Throwback?!Oil tanker explosions, Iran admitted shooting down a US drone, crude inventories decrease - those are probably the major reasons why USOIL has made a pretty solid climb upwards.
It has climbed into a pretty interesting area where we can make a short-term SELL:
1. Previously worked support levels has become resistance.
2. Fibonacci Extensions
3. Fibonacci Retracements
4. 2006 Low (not so significant but still, one yearly low has been in this area)
5. AB=CD - D point is on the marked blue box.
6. The price has got a rejection from those levels and the rejection has ended with a bearish candlestick pattern called Evening Star, not a perfect because the previous two candles have been a bit tiny ones but the idea remains still the same.
On the top, we have also a Shooting Star and after that, the selloff has been pretty decent.
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido
Corn/USD Bearish Divergence- Corn have an exponential growth recent month. but i expect a consolidation after it hit the 2.618 fib line(golden ratio fib) area just like in 29 may 2019.
- Bearish Divergence sighted but it could be negated if the indicators could rise in a same level as a previous level high.
- expect a golden ratio fib, EMA and SMA as a potential support and resistance line.
peace.
