been watching this bullish cyphershark build for a while now...not to give the harmonic haterz any fuel but obviously they're not precise like your oscillators so variance in drawing (start dates and prices) can have a huge effect but the idea is there and if you consider a starting point of the covid crash, we're still in valid price zone and time zone...
The above chart illustrates how a 63% decline is beat by a 200% increase within 3 ensuing months. Buying into weakness seems reasonable.
Over all we are in major bearish cycle for EURUS as per my last chart I published in January 2018 which you can check in the link below. This trend has developed well so far and it is in a corrective phase since August 2018 low which appears to be developing what Elliott Wave theory refers to as flat correction of 3-3-5 formation. Rules for Identifying Flat...
here is what i am looking at for the week with regards to the EURUSD. I am going to continue to look at the long side until about the 1.18800 level. At this point I am going to keep my eye out for a reversal. This is where I have an AD=CD pattern completing along with the end of wave 5 of my EW count and the 1.618 extension of the current swing. Additionally, on...
audusd Trying some new time analysis, curious to see if it works. Time symmetry suggesting a entry close to the aud rate decision.
In my last chart around 2 years ago entitled "SP500 BEARISH OUTLOOK - CLOSE TO FORMING GENERATIONAL TOP" (see link below), I suggested that a possible top could occur around 2000 - 2030 area which I believe is still within acceptable range for such long term analysis. It appears to me that the likely topping pattern we are witnessing could be part of a very...
Above i have drawn out my thoughts on time symmetry and bearish cycles in the Crude Oil market. Though in a long term bullish structure on the weekly and monthly, at the tops of these weekly bullish cycles, we see extended bearish cycles, or an "Unwinding" of long positions. We are currently in the process of another of these unwinding cycles. The Willy21MA13...
I thought i would chart out this study and show how previous highs and lows in the crude oil market can act as liquidity pockets for reactions and possible reversals. Highlighted in blue are previous levels where you could expect traders to place their stops. From these stops we have seen numerous reactions in the past. Crude oil has shown on the weekly and...