Gold, at first glance is seems like it flipped trend and went super bull mode these last three weeks...however Gold is definitely in a major downtrend and at this point has not broken free from it. In truth, it is creating a perfect reaction to trend given the previous reactions in Time & Price. Sure, it was a great buy in the 1120's/1130's but we're now at the...
I wont speculate what FOMC will announce, but in terms of Gold...cyclically, will get smashed. Not until then...time is the most important factor here. My price entry may change due to price action leading into the turning point date. The date of entry is set in stone though. 17th or 18th is next top.
Monday I will be buying 1002.50 and 999.50 with SL at 992. TP at 1033 and will immediately flip short with stops at 1040. Looking to hold for a positional decline into May 2nd. Target date is the 12th, extension to 13th...that's when TP long and go short.
And here are related pivots.....
Here is 2011 into 2012 showing how the 5 year inverse cycle works. A theory exists that the 5 year cycle in some ways creates an inverse relationship in that major tops 5 years prior are indications of major bottoms in the future and same can be said for bottoms to tops. Next chart I will show you 2016/17
It is this trader's belief Soybeans are about to lose their 45 degree angle of support on the Daily TF. The actual March contract is already trading well below but on top of it's 45 degree angle of resistance from June top. The 5 year cycle(will show in next chart) is indicating that a big decline is getting ready to take place from January into May 2nd. Monday...
February...very active for Sugar's seasonal curve.
This trader expected to see bottoming action on 77th day down as that was the given structure for Sugar. However while making this swing down it exceeded the last swing up both in Time and Price. Per trend rules, markets that overbalance in Price and Time are markets that shift in trend. Overall we traveled down for 3 lower monthly candles and so it's easy to...
Hello traders. It is my belief this pullback in the Dollar is now over. I believe that Friday was bottom or Tuesday we will see our bottom at 101.865 - 101.830. Though I'm a bit more optimistic that Friday was our bottom, in any event it's not too big of a concern. I've listen my targets. I have a major top for Dollar set to come in on January 12th/13th, and...
Ok traders, this is a basic chart on Dollar which displays the trending form. Understanding when a market is in trend or breaking down is very important. Many times people have been calling for a top on Dollar, however it's my belief we are still not at that point. Dollar needs more selling volume on a top level as well as needs to make continued closes below...
Cotton is nearing the end of many cycle periods, linear time cycles as well as price cycles. It is also becoming much more narrower of a trading range with rising support each time it travels down from the top. A break is coming and I believe it will pivot/start on January 9th, 2017. It is my belief Cotton will go up from there, though I'm not fully sold on...