Kujo_Qtaro

Kujo_Qtaro

Hi everyone: I know yall heard about the "strategic reserve" US government wants, but I think WTI oil can fall further despite cutting supplies or receiving aids from the government. The problem is from the demand side, which is driven by this coronavirus. Back to the chart, you can see the red parallel range, which states the upsides and downsides of WTI oil. I...

Kujo_Qtaro

Hi: Yesterday I was expecting a pullback since the bill was about to be passed. And it did. It was an easy .618 retracement that didn't hold for long. Since that failed, I am projecting that a new downtrend will form since next week, possibly triggered by the rising number of infections. Potus' plan to work on Eastern is probably gonna fail as well. So, because...

Kujo_Qtaro Updated 

Hello: As I was analyzing the NQ movements, I still believe that NQ is in a 5-bearish-waves. Because of that, I believe further downside would come later on. When looking at the orange blocks, I am noticing a 5-bearish-waves as well. However, I think there is still some upside for NQ tonight. Politically speaking, you have the House voting for the $2 trillion...

Kujo_Qtaro

From a greater perspective, I am seeing a truncation of wave 5 and expecting the price of gold to drop all the way to $1400(really pessimistic and ideal view though). However, since it's almost impossible for the safe haven to drop like that, I am seeing gold to drop to the (4) wave of the smaller degree, which is labeled in the chart as well. The short term price...

Kujo_Qtaro Updated 

Good morning everyone: Was checking the moves on DAX, and noticed how it failed to break the Elliot Wave's A point drawn on the graph. The technical indicators also signal a significant overbought on DAX, in which I don't think it's a good sign and would suggest you to maybe consider shorting DAX for some profit. Target price 11859.