Fractal777

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated by a thumbs up. Gold is in a clear uptrend channel and has just touched support. This bodes well for a continuation plus an entry area for new longs. Stepping up and healthy pullbacks followed by another step up....and so on. Long term bulls have known precious metals would begin this...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated by a thumbs up. The bulls are defiant and in command as the bears throw the last towels in. Continuation and acceleration into or around the middle of August. The major turn is fast approaching...then a first subtle fall. Late August and September will wreck the bulls psyche. Gold and...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated by a thumbs up. Gold has not disappointed the bulls the past week or so. Some believe they have missed out and hold off buying...this is a fallacy in bull markets. We clearly have an ascending triangle building and this pattern is powder keg. It's a continuation pattern of high degree...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. There is a serious setup now which needs attention. The downward channel has formed and reversed from it's high today. Implications of this type of action are potentially serious for the bulls. We have a double top denoted by the arrows and a downward price move. This pattern is often...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. The Dow continues it's drifting action and non excitement. There is a Bradley turn date approaching in mid August. These turn dates can be early or late by a week or so...but so often are decisive. Looking at the price action suggests much the same movement and a possible thrust. This...

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated. We hope you read my ideas back in early July calling for a silver breakout. The move so far has not let us down and actually flown past my target very quickly. This move took me by surprise even although I called for a parabolic push. We have what appears a bullish flag pattern, this...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. For the first time in four months, U.S unemployment claims soared 1.4M. We all know the markets are fudged beyond dizziness but eventually the sheer weight of negative outcomes will overwhelm the bullish mania. Again, we have a breakdown today and futures continue the move. It would...

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated. Silver finished today on a tear and accelerated upwards. No doubt we are in the midst of wave 5 which is the most dramatic in precious metals. Could well be a parabolic move upwards to finish the rally. We need to be careful this week and monitor the prcie action. Would be looking for an...

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated. Bubbles inflate ever higher as those pumping them convince themselves they are justified. They always burst or burn, just a question of time and patience. Ultimately, price action is the real king when trading and not calling crashes which are rare and easy to call. We can't make...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. The Dow creeps along its upward path. We had a first break of our resistance line at the arrow. This is usually an indication of a shot across the bow or preview. But the candle body closed back inside and then reversed. We see weak downward action and faded the move until now. The...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Just a quick idea. The Dow futures have gapped up to our major resistance line. A total turnaround from yesterdays shoothing star candle. Whipsaw market....there was indication of this two days ago in a breakout. This is decision time and I will fade this move!

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Smash and grab trades are not for the faint hearted. Going long on a signal proved risky. The Nasdaq is the bellwether of things to come now. Finally, today saw a shift in mood for the big boys. We need follow through for this down move today...it will come. There is now an extreme...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Markets ignore bearish fundamentals and negative divergences. Either stand aside or enter long. I am well aware of the perma bear camp and I choose profit instead of stubborn pride. Look closely and we see a violation of our trend line on the 1hr...that's the first indication. A move up...

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated. The Dow has basically gone sideways now for four weeks. Possible pennant pattern in play on the 4hr. Have you noticed on weak days and futures being weak, either the Fed or some other news just appears to save the day? A claimed "death reduction" is no cure for all the millions of...

Fractal777 Updated 

Thank you for taking the time to read my idea, your support is appreciated. Precious metals have commenced another leg up. Silver gave us some moments as it skirted the trend line. This reinforces the upward move and high probability breakout. The most undervalued asset on earth deserves attention. Trillions upon trillions of declining paper will be created in...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. We broke the thick red line last Friday but failed to follow through. A "relief" gap and bounce today as traders cover their shorts. The red line with denoted arrow is major resistance. Monitor this line carefully and watch the behaviour of price action. 26400 ish is resistance...any...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated. Silver broke out as we expected but pulled back a bit harder than expected. Sometimes weak hands are tested by the big boys. This gave the bulls who missed the entry a chance to enter. The upward trendline is holding as is the breakout trend line. We have clear indication if the uptrend...

Fractal777

Thank you for taking the time to read my idea, your support is appreciated! Markets closed higher as expected. We mentioned in the last idea to watch for a kiss back and fade it. This did not disappoint...the major, red uptrend line is very important. It's a resistance line now without doubt. Today finished well off the highs as risk is elevated to hold over the...