CoinedByCrypto

CoinedByCrypto

SP have to break out of upper trend line and close above for 2 days to eliminate the EW ending diagonal. Have started buying shorts, but will wait to see fridays triple witching for adding

CoinedByCrypto

Double top but price action has also been setting up for a huge IHS. Does anyone dare ? Well anyway...If yhat huge IHS is playing out... we need to see some consolidation here and not at free fall drop

CoinedByCrypto

At 60min / daily I see a bigger SHS. On the smaller time frames there is a possibility - first of all of a IHS with a consolidation period right now around 2,49 neckline. This IHS could create a later head test with a reach of the 1,27 fib. From there on...let's wait and see. Gold is still weak and could still be working on a double bottom in the 1200 area. The...

CoinedByCrypto

Had hoped for a more slow and easy bull flag and not just a quick pop up. Let's hope we see a back test during the day or a full gap fill.

CoinedByCrypto

Looks like TRX with this small bull flag is setting sails for gap close at the 50 fib retrace

CoinedByCrypto

Looks like TRX with this small bull flag is setting sails for gap close at the 50 fib retrace

CoinedByCrypto

AGNCP appears to have put in an Inverse Head and Shoulders (IHS) bottom with a head at $24.20, neckline at $25.50 and target of $2650. Last week AGNC has broken above the $25.50 neckline, setting up the potential move to the IHS target of $26.70. Also notice at the initial $20.5 price low in july there was positive divergence set-up o the daily RSI (14), MACD...

CoinedByCrypto

AGNC is a mREIT (Mortgage Real Estate Investment Trust) that currently carries a 18.5% annual dividend. Thus, with AGNC you get paid a big dividend to wait for any price movement higher. Recently AGNC has been trading near its 2008 IPO price of $20 per share. This is after coming of a $37 all-time high in May 2013, which is a -45% decline. AGNC appears to...

CoinedByCrypto

If what we are witnessing is a wave 2 down and not another down leg in gold (5th wave from ATH) then a complete retrace could form as an a-b-c - creating a shs with a target around 1200. But with today's hammer candlestick and the huge volume. I believe we have the low in with a 50 % retrace of 1188 low and 1435 top. (Gold has been very difficult to count and...

CoinedByCrypto

For those who are bearish on gold - might see this shs on the TRX that could end up in a double bottom. The harmonic pattern suggest the area around 2,61 The shs target around the 1,95. Place your bets gent! Safe trading BM

CoinedByCrypto

Nice IHS target for the TRX... but of cause - need to reach neckline and break it ;)

CoinedByCrypto

Nice SHS target for the TRX... but of cause have to readh neckline and break it ;) I will add more text later

CoinedByCrypto

But I see the potential of the recent move down as being the end of minor wave 2 down with a retrace of 50 %. At the same time we have a hammer candlestick in for the day, we might see the 1593 as target for wave minor 3, - 1,618 times the minor wave 1 up. Will add more text later..... Want to get the message out. Music at work: www.youtube.com

CoinedByCrypto

Wednesday we saw the first shs setup-up and with neck line broken yesterday we see the result today. But it could be the first of multiple shs setting up for bringing down gold to around the 1000 area. But first thing first. With today's move we see another and bigger possible shs setting up as shown at the chart above. I'm short term neutral and longer term...

CoinedByCrypto

Gold meeting resistance at longer term channel line and shorter term thin red line. Today's action has shown that yesterdays shs is in progress with a very short term target of 1400. Gold shs on 60 min chart:

CoinedByCrypto

Gold has in EW-terms made an a-b-c correction and within harmonic patterns an a-b-c-d pattern. That could be the reason why we see gold making - on the smaller time frames - a shs that could be the start of more downside to come... the 5th EW-wave down to the level around 1000. Notice the spinning top candlestick made today. But as always time will show. Safe...

CoinedByCrypto

TRX as well as Gold could have finished it's a-b-c korrection on the daily/weekly chart and we are perhaps to see more downside move. On the 15 min chart - gold has a shs at neckline. TRX is at channel line support.... so both has to rally north from here. In other words...we will have the answer tomorrow where gold miners (GDX) and gold are heading. For the TRX...

CoinedByCrypto

Believe we see a move higher tomorrow after some more testing. If back test is not confirmed we'll see the price move inside the wedge again to test at least the lower supportline