Maule

Maule Updated 

Gold in Upward Zig Zag on the C leg heading to the 1810.141 which is 1.618 of the 1-2 move of smaller structure. Inflation is High in the US which would ultimately lead to the Fed increasing Rates, but not till they are finished Tapering.

Maule Updated 

Wave 5 in the process of forming. At the same time the Fed is reducing "Tapering".

Maule Updated 

CPI data coming out. Previous unemployment data showed more people working. More people working = more spending = higher inflation = expect CPI to be higher. Fed announced they are reducing tapering. Expectation. Fed may increase rates soon after.

Maule Updated 

On the weekly it's heading down to the -0.1790 in an Expanding Flat (B). From there it would rally up to 2.9756 in an Expanding Flat C. It's going down first then Up second.

Maule

On the Weekly, price in a Zigzag. Heading downward to (C) at -0.209101. But first, on the Daily, it must hit the 1.618 extension of the 1-2 Move on the (C) leg. This ends up at 0.115663 for short a term target. (DISCLAIMER, this is for educational purposes. Trade at your own risk.) (These posts are intended to keep Elliot Wave alive since everyone and their...

Maule

Potential Head and Shoulders pattern forming on the 1 Hour Time-frame. Measured move from neckline break sets the target area at 1.09154 to 1.08960 region.

Maule Updated 

Price bounced off support @ 0.71464 and the .382 Fib retracement. Target set at the 1.618 Fib Extension which is in confluence with Resistance Level @ 0.72843

Maule

Price has broken the up trendline on the Weekly Time Frame & is about the test the back end of that Trend Line. Price is also nearing past support/future resistance at 5777.00. Stocastic is now in the Sell Zone ready to U-Turn South. First target set at Support 2975.01 once it reverses on the smaller Timeframes.

Maule Updated 

Expecting the minor wave FLAT (Marked by Green Lines) to complete down to the 1.12138 - 1.20141 price zone (Blue Rectangle). Staying out the market till then. Will Look for Buying opportunity in this area. Bullish Target will be the End of Primary Wave 5 @ 1.26945 (Marked by Black Lines) Intermediate Wave 5 (Marked by Red Lines) may carry prices a bit higher...

Maule

Price bouncing off Support on the Monthly. Stocastic RSI making U-Turn from the buy zone.

Maule

The USD is currently in an upward channel on the Monthly heading down towards support.

Maule Updated 

Price tested the back of the down trendline on the Weekly Time Frame on 2016.07.04 & 2016.08.15 thus forming a double bottom and identifying the Fibbonaci 'C' retracement. This in turn helped identify the target D Extension at 156.711. On the Daily however price is caught at a traffic light so to speak as price is in a 484 pip consolidation range where price is...

Maule Updated 

Price in up ABCD on the Weekly with the 'D' Fibonacci Extension at 0.81875. Daily nearing support at the 0.73719 and the Stocastic RSI in the Buy Zone ready to U-Turn upward for the Bulls to take over.

Maule Updated 

Price in Large Pendant/Delta on weekly. Expection is for Bullish breakout to head towards the D Fibonacci extension at 163.062. Further evidence would be the breaking of the downward trendline on 2016.11.28 and the retesting at the back of that downward trendline on 2017.01.16. For Swing Traders: on smaller timeframes like the 60min look to trade counter trend...

Maule Updated 

Price in 2087 pip range on the weekly Time Frame and currently in Bullish ABCD heading to the top of the range with the Daily Fibonacci 'D' Extension at 1.68943. Enter on bullish signals on the 60 min heading toward the D target.

Maule

Daily Time Frame Fibonacci 'D' Target for the Bulls at 1.36299. Stocastic currently heading to the buy zone on the Daily. Awaiting both counter trend line breaks on the 60 min and a U-Turn in the Buy Zone on the Daily Stocastic for entries.

Maule

On Monthly Price is approaching historic Resistance level at 1.20422 and Stocastic Over Bought. Look for Bearish Reversal as it begins a new downward ABCD. This would put the New C at the 50 Fib retracement on the Monthly and the New D Extension at the 1.618 = Target for the Bears to hit 0.80868. Swing Traders should swing all the way south and Position Traders...

Maule

On Monthly Timeframe price has broken the down trendline and retested the back of that trendline forming a ABC move with the Fibonacci 'D' Extension target at the 1.11416 on the weekly. On the Daily the sub abcd 'd' fibonacci extension target of 1.11232 is in close proximity to the weekly D extension. Stocastic RSI is also making a U-Turn in the Buy Zone on the...