Continued Bullish Trend - Possible Triangle &/or HarmonicAs we are one day before the SEGWITx2 / UASF upgrade, the chart becomes clearer and over the next day or so, we should see the completion of what seems to be a triangle forming. A possible Bullish Gartley could also be confirmed if price action reaches the confirmation area. Either way, the trend is definitely BULLISH and there is no sign the trend is about to change anytime soon. Since the 19th of July, price action has also been rebounding off the water EMA as well as the MAYO, thus expecting price action to either rebound off the MAYO on the last move of the triangle formation or if it breaches the MAYO EMA, we should get a confirmed Bullish Gartley Harmonic to then continue upwards in what I believe will be significantly past the $3000 price range. At this point in time, TDI doesn't give me much of a confirmation, other than the bands having narrowed which could signal a rapid move either down or up, depending on market sentiment. However, either way, long term, this coin is set to surpass the 3k area and isn't anywhere near becoming bearish, not in the slightest. See 4H and Daily charts to understand better. I'm holding these coins long term, easily up until around 2018 ~ 2019.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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TDI
USDJPY - D - SHORT - TDII wasn't convinced of the recent bearish behavior of this pair, related to Gold most of the time. But FOMC today is sending back UJ around 111 that "could" prove the fib retracement indicated on my daily chart. So, if this is confirmed by the market, we could have a bigger move south coming in the next couple weeks. First TP should be around 109.8.
GL HF
EUR/JPY Possible M Formation at the .786Here we have a possible Extension to the 1.272 from the .786 Retracement. I will not take the trade until I see it come back up and test the .786 retracement and there is obvious TDI divergence. We shall see what happens after Monday. I wouldnt be surprised if Monday the market rallies up a bit to trap more buyers, then drop it quickly in London.
www.tradingview.com
SILVER/XAGUSD - D - LONG - TDII'm trying to fight my bearish bias on Silver/Gold. As this setup is respecting my criteria, I believe it's a good way to improve to start this trade. RR is good and 4H/D shows interesting momentum. Also, I view the recent bottom spike as an escape short for banksters... They would do that before going full bullish!
Let's see what the market gives us!
GL HF
EURCAD - 4H - LONG - TDIThis should be a quick trade. We either follow the bullish breakthrough on 4H to top 1.47/1.48 or we fall miserably below my SL.
Momentum is not so strong but as I'm tweaking some indicators, I want to check this specific setup on this pair.
So, more than for others trades, be careful and take care.
GL HF
PALLADIUM/XPDUSD - D - LONG - TDIIt's an unusual trade. Everytime we open a trade we look at the bigger picture. In case of Palladium, it's already very high, close to highest price of history. So this is not a usual place to buy. But this is because it's not a usual place to buy that's we open a LONG. We have a breakout on daily, confirmed by 4H. We could see a retest of previous high around 915. Stoploss is here to stop bleeding if we are wrong (and with the market, we can always expect to be wrong!). Trade with care!
GL HF
USDCHF - W - SHORT - TDIHi there fellow traders!
New shot at my portfolio of strategy, I would like to share my view on USDCHF. We could see it at already very low but I'm seeing a full bearish momentum here and still more room to go south.
This trade is very long, very risky and have a big SL in terms of pips. My target on weekly is not really reasonable (0.83) but you never know.
However using bigger TF is often more costly but more accurate (see my GBPCAD idea below).
So be safe and take care!
GL HF
Possible Bullish Gartley forming before huge push upwards?It seems we may have a Bullish Gartley Harmonic forming on the 4 Hourly and Daily charts where price action is now on it's way down to the confirmation area. Should the bullish Gartley harmonic pattern form, it will become a highly probable pattern that should give strong signal to buy/LONG this crypto.
TDI shows current progression downwards following price action with no divergence, whilst the Mustard EMA is about to cross the Ketchup which should give a clear signal for a drop. I'm quite confident that once the SEGWIT /UASF has been completed, price action will perform a very hard upward move, most likely to past the $3000 region by the end of next week, following through to even higher price points further down the track.
Expect to see a significant GAP as trading will most likely halt during the upgrade for at least 24 hours, thus don't be surprised if you see the open of the opening candle lower than the confirmation area, most likely either just on or below the upper wedge trendline.
I'm still bullish on this and will be LONG-TERM, most likely I'll purchase another round of bitcoin once it reaches the bullish gartley harmonic pattern confirmation area and hold long term.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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NINE ENT Australia, progressing LONG in TRIANGLE FormationIt seems that NINE Entertainment Australia is progressing LONG inside an Ascending Triangle, as I had forecast back in January, See here:
All EMAs have now crossed, including the MAYO and BLUEBERRY EMAs which confirms continued upward movement together with TDI also showing continued upward movement. Wave count remains the same, however although this is a long term position, when price action reaches the target area, we can expect a Reversal to start a bearish run, which in my opinion is a dangerous position for NINE Entertainment if they continue with the #FakeNews rhetoric and contempt for the Australian population, especially in the current political climate and leftist insanity driving politically leftist biased staff and programming. If this proves to be correct, we can expect a bearish Impulse on the Intermediate period which will prove disasterous for NINE ENT, driving the price well under $1 which occurred back in October 2016, in which case I will SHORT this stock until the full Impulse wave to at least 80 cents, unless the Impulse wave fails and NINE ENT changes management or direction. In my opinion, NINE ENT management needs to change to a more neutral and central whilst less biased approach to news and programming.
Currently on this Bullish trend, I forecast this stock to reach the region between $2.30 and $2.50 and will be holding this stock until the target area.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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CADNZD - D - LONG - TDISeems a legit LONG on 4H view. I'm a bit worried about Weekly topping a bit, so just in case I placed a small SL, because there is a strong possibility of going south in the next couple days. But sudden breakout happens when hidden divergence seems too obvious and I believe this is the case.
Anyway this is just 70 pips of risk.
GL HF
FBR Kicking Ass -Currently towards end of Bullish Wave 3 ImpulseIt is quite evident that FASTBRICK ROBOTICS LTD (ASX:FBR) has broken out of a Wedge and is continuing on a BULLISH trend, not only due to technicals, but also due to the recent announcement of an agreement with CATERPILLAR (NYSE:CAT), to Provide services to Caterpillar's construction customers. The global addressable market is now estimated to be $100 ~ $200 Billion.
Just after pinning the Mayo (200 EMA), price action seems to be towards the final stages of a Wave 3 Impulse where we will see a small pullback, possibly down to the Support (which was completely obliterated), for continuation upwards to a Wave 5 Impulse. I do not expect the ABC correction waves to drop below wave 4 and in my opinion, the next Impulse wave it seems should have the same agression as the Bullish trend continues as more financial information comes in and more projects are acquired. All EMAs are flaring outwards whilst TDI shows definite Sharkfin with Blood in the water, however the outer bands have widened considerably, thus suggesting pending upwards movement.
I have purchased this stock back here:
Where I first identified this stock as being a very high probability Buy/LONG trade to hold long-term. There will be an entry opportunity at the bottom of wave 4, and I'll update this chart when structure is broken
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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The Bitcoin Rally LONG Continues #2In my opinion, Bitcoin seems to be completing a Wave 4 Triangle formation and will soon breakout of structure to start wave 5 LONG. It seems Wave 3 has already been completed and provided another base Resistance level. Wave 5 target range would be largely due to the impending Aug1 SegWit, as information was provided on my previous analysis here: which it explains the impending August 1st SegWit upgrade and the market entering panic stage (wrongfully because of too many amateur traders), which most likely will result in a deep ABC or possibly a very lengthy double combo WXY Wave combination, until the market settles and things return back to normal.
In my analysis, I have added 2 paths which I believe are highly probable to take place, one primary and one secondary. TDI suggests the RSI is not yet quite reached the overbought position, therefore, we can expect an additional upward move, which in my opinion confirms again the possible wave count.
I have already entered 3 times since price action had reached the Gartley entry point on the 16th of this month and I shall be holding on to BTC long-term, as I believe once the upgrades have been completed and the panic by the amateur traders has subsided, BTC is surely set to reach above $4,000, possibly more in the next few months. It is also possible to trade the breakout of structure from the triangle formation, however, TP must be at the next Resistance level SL (Stop Loss) must go to BE (Break Even).
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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SiaCoin On the move UP, Breakout of structure confirmedAs per my previous analysis here:
Breakout of structure has occurred and it seems that we may be at the start of an Elliott Wave 3 in progress. Price action has not been able to breach the lower major support area and is now bullish in trend. It also seems that a borderline FLAG pattern 'may' be forming, which may also confirm the possibility of an elliott wave 3 impulse count. TDI shows mid-band price action, from a previous sharkfin with blood in the water that may suggest a possible move downward to test the lower support region again, however due to the fact that the slant of the TDI bands is in an upward direction, this possibility is low probability in my opinion.
I shall continue to hold my previous position on the breakout as I believe this coin has huge potential in the crypto market and once 1st August time period has passed, we should see a much clearer view of the market and possible opportunities to purchase more Siacoin.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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EURGBP - D - SHORT - TDIOnce more, the setup is bearish for EURGBP. I have been fooled last time but this is not a revenge trade. I'm not trying to be right, only I care about pips only.
Entry, SL (big one) and TP on daily charts. Please be cautious if you're brave enough to follow this trade idea.
GL HF
EURJPY - D - SHORT - TDIThis is not my typical trade, but as I'm trying to improve on EUR pair, I wanted to give this opportunity a shot.
We don't have a clear break to the downside for EJ. Even in 4H we had a break but quickly corrected by the market. However I'm seeing hidden trendline on both TF on top of some of my criterias checked.
As usual, I plan to take some profit quicky (at 1R or 2R) and set a free trade.
Entry, TP and SL on daily.
GL HF
Possible FLAG pattern forming in STEEM on the 4Hourly?It seems we may have a possible FLAG pattern forming in STEEM/BTC, with bullish trend about to form on the breakout of structure/channel. Water and Blueberry EMAs are crossing as well as TDI channel bands are extremely narrow, which suggests a strong pending move is imminent.
In this chart I've listed what I see as 2x possible moves, one retracement downwards before the move up or 2x possible moves up and down, before an upwards move which would produce a breakout of structure and confirm the flag pattern. In my opinion, this stock would be a great BUY/LONG and I shall purchase coins on the breakout of structure.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Primary Bullish Gartley Confirmed, LONG on Breakout!It appears to me, that price action has invalidated my initial Bullish Gartley pattern, however, I've just noticed another Bullish Gartley (which I have missed previously) and has been confirmed over the weekend.
On forex brokers, the BTC opened on a massive GAP, however via Bittrex I monitored price action live over the weekend. Price action seems to have not been able to penetrate strong Support area and has now formed a nice structured channel which in my opinion, is a good indication of a BUY (LONG) on breakout of structure.
Ketchup and Mustard EMAs are about to cross the Blueberry EMA as well as TDI -0.04% showing Sharkfin formation with RSI in the oversold position, ripe for a very strong move LONG.
I will BUY additional Bitcoins on the breakout of structure, on close of the first 4Hour Candle today, from then on I expect moves in Bullish trend for long-term. Most other cryptocurrencies should show bullish trend from here on in, in my opinion. I don't expect any more bearish trend/moves.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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Big Pharma MERCK & CO in SERIOUS TROUBLE !FUNDAMENTALS:
Merck & Co seem to be in serious trouble after a 'Big Pharma Bombshell' where Federal Judge Beth Labson Freeman of San Jose finds Merck lied in patent trial to both a business partner (Gilead Sciences Inc) and lied to the court itself, overturns $200 Million verdict ! (Re: hepatitis C Drug).
Source:
LA Times Article here:
www.latimes.com
Court Document here:
assets.documentcloud.org
Judge Stated "Merck's misconduct includes... misusing Pharmasset's confidential information..., and lying under oath at deposition and trial" - Federal Judge Beth Labson Freeman.
One example of this was "The edvidence examined by Freeman strongly suggests that Merck flagrantly manipulated the patent process to gain unfair advantage." - Michael Hiltzik, LA Times.
AND
"Adding to the temerity of the big drugmaker, it originally sued Gilead for $2 billion before having to settle for $200 million. Now, pending appeal, it won’t get even that much for its patent claims, and its reputation for integrity will carry a value of less than zero." - Michael Hiltzik, LA Times.
TECHNICALS: (Daily and Weekly Charts)
A Gartley pattern has been confirmed and completed as well as breakout from major structure, providing the start of what seems to be an Elliott wave 2 structure in it's infant stages, after completion of a correction and a failed Wave 5 at the top of the chart, where major resistance is located. This initiated Elliott wave count suggests a long-term bearish trend for the pharma company down to significantly low price that would normally be expected.
Ketchup, Mustard, Water and Mayo EMAs have all been breached by the price action as well as TDI showing hints of continued downward movement.
Monthly chart also suggests we are at the start of a Bearish Intermediate Wave 1 which does not look good for the pharmaceutical company.
However, that being said, this is a FANTASTIC opportunity to SHORT the absolute crap out of this stock, in my opinion I see quite significant Profit from Shorting this stock on a 3 ~ 6 month term, possibly even longer if the wave count is confirmed as described on my chart. I'm shorting this stock on the breakout of structure, where most likely this will occur on market open with a GAP. In my opinion this will be a huge profit maker as I'm expecting this bearish price action to continue for significantly long period of time.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
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