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GEOMETRIC

INDEX: VALUE LINE GEOMETRICThe Value Line Composite Index is a stock index containing approximately 1,675 companies from the NYSE, American Stock Exchange, Nasdaq, Toronto, and over-the-counter markets. The Value Line Composite Index has two forms: The Value Line Geometric Composite Index (the original equally weighted index) and the Value Line Arithmetic Composite Index (an index which mirrors changes if a portfolio held equal amounts of stock.) These indexes are typically published in the Value Line Investment Survey, created by Arnold Bernhard, the founder, and CEO of Value Line Inc. The Value Line Geometric Composite Index is the original index released, and launched on June 30, 1961. It is an equally weighted index using a geometric average. Because it is based on a geometric average the daily change is closest to the median stock price change. The daily price change of the Value Line Geometric Composite Index is found by multiplying the ratio of each stock's closing price to its previous closing price, and raising that result to the reciprocal of the total number of stocks. As market participants, we should be taking a scientific approach when putting money to work, always assuming our positions are wrong and need to prove themselves. As part of that process, one piece of evidence we want to look at on a consistent basis is the health of the overall market. One such way to gauge market health is studying market breadth. In other words, how many stocks are actually participating in any directional move. That's why we're writing today about an index you might not be aware of but should be familiar with. M timeframe BULL W timeframe BULL D timeframe BULL 2018 NEW ATH MACD M bullish momentum BULL 2009-2019 UPTREND TREND LINE ACTS AS SUPPORT VERTICAL GREEN LINES show previous moments in history where M MACD have advanced to the upside into positive territory and have gained bullish momentum BULL SUPPORT/RESISTANCE 1998,2007 resistance acts as support BULL FIBONACCI LEVELS act as support BULL IR CUTS -> RISK ON ASSETS APPRECIATION EXANTE is a broker for professionals. Direct access to over 50 financial markets through one account. Stocks & ETFs, Currencies, Metals, Futures , Options, Funds, Bonds, Crypto¬currencies. Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures , foreign currencies, and bonds involve a high level of risk. Single trading account Trade in 50+ markets in the US, Europe and Asia — from your all-in-one multicurrency account on any device exante.eu
VLong
by EXANTE-TOG
USDJPY - watch for a bearish reversalUSDJPY is about to start a downride on daily as you see. It reached the fib arc and repeats the bearish reversal patterns from the past waves. Follow the price to complete that bearish pattern it copies from the past and once it hits the fibonacci arc, we go for a down slide. Then watch for reactions or pullbacks at Gann angles. Every Gann angle line acts as support which price has to break. We can also do Elliot wave wave count once price starts moving downwards. We take TP once Elliot wave 5 is completed! It agrees with our geometrical arc analysis on XAUUSD which is about to start a ride up. Gold and USDJPY 0.02% have negative correlation (-65.5 percent on daily), as you know. You can also short Nikkei (JPN225) as they have +78 % positive correlation. If one thing goes up the other down. Our analysis confirm this correlation.
Short
by ICFX
1
EURCAD Bearish Geometric ABCD - Short @ 1.4540 TP @ 1.4390Why EUR Bearish expectations ? A reversal maybe probable because Positioning data has been proven beneficial in anticipating future moves when positioning on a currency is at extended levels. What can happen is that when a bet is crowded the move is liable to fade and even reverse, often quite sharply. For instance, the massive pro-Euro positioning could mean the drive higher in EUR/USD and EUR/GBP starts to fade as it becomes increasingly harder to find new market entrants to push the move onwards. Why CAD Bullish expectations ? At first, we looked for Canadian banks that have projected annualized earnings per share growth (for the next three to five years) of more than 5%. Additionally, the Canadian economy seems to be attracting investors’ attention of late because of the dazzling growth prospects it has to offer. The economy finally seems to have left behind the effects of the 2008-09 recession and the 2015 oil price collapse. Moreover, all the major banks delivered better-than-expected results in the last earnings season. We expect the Canadian banking sector as a whole to further benefit from the improved economic conditions. Conclusion : Short EUR/CAD
by fxgeometry
WTI Crude Oil - Geometrical inverse and reverse Head & ShoulderThere is what I think the WTI crude will be coming from blocking all the white noise that are in the market, whether its political or just mere downright governance in theory. Judging from just technical aspect of the 10 years historical relevant to the hypothesis of the inverse and reverse head and shoulder formation. Geometrically, predictions via time and scaling, in November - January the price of oil should stride to $62.25
FX:USOILLong
by tyc708