GBPNZD Uptrend Is About To EndLooking in the hourly chart in GBPNZD we may see that price is climbing and soon may reach the upper parallel of a median line. The MACD bearish divergence shows that this up move is losing momentum so most likely price will reverse from the upper parallel. We should wait for a breakout below the uptrend, wait for a correction and go short aiming the median line of the fork.
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Medianlines
Gold Sell Opportunity At The End Of CorrectionGold is moving in a corrective structure after an impulsive wave to the down. Moving up in this correction it might rach a level where we have strong resistance from previous structure and a the upper parallel of a valid pitchfork. If price reaches this level we should watch for a sell setup and sell gold.
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CADJPY Tremendous Risk/Reward Ratio Sell SetupKeep a closer eye for price to reach and retest the upper parallel of a long term median line. In case it rallies and reach this level it should be a go for me, selling this market. I will personally aim for the half way towards the median line for a 5:1 risk/reward trade.
No matter the outcome this is a worth taking opportunity.
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SANDP 500 FUTURES 240 CME Updated 7/18/2016Price found support as predicted on previous charts, look now for possible pullback to sliding parallel around 2130 before continuation
Soybean Futures D CBOT Updated 7/6/16Price is coming off the high near 1200. I am thinking price may pause around 1000-1050 for a bit before going higher. Look for possible opportunity there.
Wheat Futures 240 CBOT Updated 6/30/2016Look for price to continue to drop down
to 420 area. May retrace to ML for short
at Down Arrows
S&P 500 Futures, 240, CME Updated 6/28/16As predicted by the downward fork, price dropped significantly on Brexit news. A drop from the high to the lower Median Line has pushed price into high volatility. Look for a drop again at the middle Median Line retest.
#EURUSD DLY: What can't go up......must go down.
EURUSD failed to reach the bullish blue median line twice. Then is started to follow the bearish red pitchfork. It broke through the lower MLH's support and it's on its way down. It is likely to reach the dashed line, which marks the size of 'price reaction' extent below the new sloped balance line (being equal to the size of price action' above the balance line).
WHEAT FUTURES 240 CBOT Updated 6/21/16Possible long in this area, for a few, but price is showing extreme bearishness, so blue median has to hold.