TIME
Gold Bearish. Wave 5 completed. Gold Bearish. Wave 5 completed. and Uranus sextile venus.
Universial clock alarms.....
AUDUSD Berish.Rceiprocal ABCD complted.time price square.AUDUSD Berish.Rceiprocal ABCD complted.time price square.
Monster Bullish For USD/CADDaily retracement reached 76.4%.and I saw a equalievent time cycle.. Highly reliable buying setup. I am long now.
Silver starting wave 5 on a multi year timeframeHi Folks and Fawks,
Many of you noticed the gold breakout of its downtrend last month, while near future still is bearish on gold, the long term projection is extremely bullish.
Looking at the Gold/Silver Price Ratio we see that the ratio is at the 80x level, this was the top in 2003 and in 2008 before the infemous pice of $48. while silver price is staying a little behind on gold this can be explained.
we could see $18 silver this week
Last week silver opened at 15.195 high 15.565 low 14.785
and after the drop following the US labor figures silver closed (just barely) above the extended lower trendline (15-12-2015 - 29-02-2016) there will be some resistance at the $18.40 level
The current gold silver ratio is 81x
weekly fundamentals:
- India (worlds 2nd largest silver importer) jewellery shops and establishments (incl. bullion markets) are shut since March 2 after finance minister Arun Jaitley announced one per cent excise duty on non-silver jewellery.
weekly technicals:
- Two weeks ago we closed with a Engulfing Bearish candle. this followed on a monthly Bullish Engulfing candle (Nov).
another event to follow closely, the shanghai gold exchange Yuan-Gold Fix (april 19th).
i will continue to update this idea on a weekly basis.
this posting is not a signal to buy or sell now, always find your perfect entry on a lower timeframe.
Time cycles and the SPYInteresting observation using the "time cycles" tool. Last 3 time cycles have been the near exact highs and lows of the SPY. If we bounce down from here, it would be quite the coincidence! I would assume we see near new lows at the bottom of this new channel, but beware - just because its happened the last 3 times, it obviously doesn't mean its a pattern. Just an interesting observation I thought I would share.
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
