OANDA:XAGUSD is looking to go lower to 19.00 but are we going to 23.00 first then selling from there. If we get below 21 then we are on our way but a rally from here would see 23. Smaller TF there is an ABCD and a Gartley where it is now. I hope this helps. Enjoy the day.
A look at possible CIT Windows today in the Forex markets. After decent breaks in these markets overnight we could be in for more of a correction. OANDA:EURUSD FX:GBPUSD FX:AUDUSD TVC:DXY FX:USDJPY FX:USDCAD Have a great day.
With larger levels up around 78% 1972 this is a short term look at FXOPEN:XAUUSD with some possible selling today. Its been a massive run up and needs to cool off before the next leg high. Key Time for today is 90mins before the US Open. A rally into this time could see selling for the rest of the day. Keep an eye on the DXY as well. It might be getting close...
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time. But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December. If we get there earlier and go through 4200 then a major low could be in and we head...
OANDA:XAUUSD also had a nice rally on friday. Now we look at how it reacts on Monday. Ideal scenario would see us get a 382 retracement back to the 1643 area to then look for the equal leg ABCD towards 1680 and potentialy a move to the 61.8% 1733 and beyond. But as we are in a down trend we need to be selling any ABCD Retracements. Another one to watch early Monday. 👍👍
FX:EURUSD had a nice reversal on friday and now looks to be headed above parity again before we see more selling come in again with a move that could take us to new lows again. Monday I will be looking for a high to come in then look for the first retracement to Buy. Ideal scenario would see us come back to 0.9800 around the 382 then rally from there. A big...
Waiting for this low to come in and give us our next sell level. Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside. It could get back down below 20 again before the next decent rally. Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week. Lets see how this one plays out..
FOREXCOM:SPXUSD Has some nice symetry and patterns working in the longer TF. We have the smaller cycle looking for a low around the end of October with the larger cycle taking us into Jan next year. This could also be the start of a 2-3 year cycle taking us down to below the Covid low. But one step at a time. Looking for a rally over the next few days to sell...
FX:USDCAD on the longer time frame it looks as though we are heading a lot higher towards 1.3000 - 1.3300 areas. 1.3026 is the 382 from the 2020 high. This is also the area where the ABCD will finish from October last year. There is also the bigger ABCD from June last years low. Once these patterns finish later in the year there could be another big sell off....
Not much has happened over the last week but a very weak rally which is looking corrective. There might be one more low to the 78% around 19237 then I will be looking to short a rally back to the 22-23k area chasing the final move lower towards 12k. Just an update for today, no trades as it is I will just wait for the pattern to show itself and go from there....
BINANCE:BATUSDT has had a nice move down from the larger Patterns on Sept 5th now we are looking for more weakness down toward 0.30 to complete this ABCD pattern. If we look at todays AI there is a CIT Window at 13:00 this afternoon. If we could get one more rally up towards 0.33-0.3350 that would set up a sell signal for a minimum move back down to 0.3200. A...
Once again we have a corrective rally. We have just completed multiple patterns in COINBASE:ETHUSD this morning @ the 78% level setting up the next move below 1400. The good thing about patterns completing @ the 78% is that you dont have to risk much because if we get above 1720 then the pattern are wrong and we look for something else. I hope this helps....
I have marked out the Intraday turn points fot the FOREXCOM:SPXUSD . Ideal Scenario would see a rally into 4030 @ 00:30 just over half way through the US Session setting up another Sell signal. The other option for this is that it could be a low and mark a reversal. The other Key Time is @ 21:30 this might set in motion the next move higher. This is a time...
In this look at COINBASE:BTCUSD I just use simple patterns and timing to give us the downside target of around 12k. This lines up with previous market tops and lows when it retraces up to 88.6% from the ATH. The other reason for one more low is the fact that the 3-4 week rally from the June low was very weak. There is also the pattern of high to high high...
Today Im taking a look at the AI for the next 2 days and how its timing in with major pattern completion levels between 1.8947 - 1.8962. Patterns completing are a Gartley from the 15th low. An ABCD from the 18th high @ 1.8962 A 3 drive completing at 1.8947 Add in the AI @ 2:30 tomorrow morning and this gives us a great set up to buy. If its at a high coming...
Just a simple look at the market repeating. In the Photo I have the TVC:SPX from 2008. In that example we have the market retesting the 200MA before we saw the major selling. From the High in Oct 2007 until that retest was 221 Days and if we look at where we are today we are sitting at 224 Days and we have just hit the trendline from the top. Can we go...
COINBASE:ETHUSD seems to be in the final stages of this correction. It mightve already topped out if we look at the Monthly AI or there could be one more high up towards 2000 to complete multiple patterns and the 382 from the April 3 High. Weekly AI has a High/Low late on the 9th of August. Keep an eye out for this to play out. If we are at a high then we will...
COINBASE:BTCUSD is still edging higher with now real confiction. Im thinking we are coming to the end of this rally. If we take a look at the AI for this week then we could see this have one more rally into Sat evening or has the high already been made just shy of 25k? There are a lot of unfinished patterns just above 26k with multiple ABCDs and the 61.8% level...