Sinex

Sinex Updated 

I seldom use Elliott wave simply because of the extreme bias it has. I know that the Elliott wavers will say that there is safe measures in place to correct your hypothesis, but why correct it, just simply use divergences or some other method of analysis where you remove as much bias as you can? Anyways I do sometimes use it from a long term and hopefully...

Sinex

Perhaps it is too early to get in to this trade, but it looks like there is a small bit of positive divergence on the Nasdaq 100 on the 1hr time frame. This suggests that the markets want to reverse. The safer idea would be to let it take off and buy upon hidden bullish divergence at some point later on in the week or next week.

Sinex

Positive divergence suggests this will go back up.

Sinex Updated 

The zigzagging nature of the OIL's price action suggests that the bears are finding it difficult to keep OIL down. Though we haven't enough evidence that OIL is a buy yet, I suspect that OIL will be bought up at some point soon.

Sinex Updated 

Stochastic RSI 20% bullish crossing is a dependable buy signal (or sell signal). The stop should go below the current recent higher low. Remember to use 1% risk maximum so calculate your position size correctly.

Sinex Updated 

Bulls thinking "wow! what a discount". But this is just more of the same and bulls haven't learned a thing. Hidden bearish divergence suggests this will continue to fall.

Sinex

Hidden bearish divergence suggests that the AUDUSD will resume the larger trend down and we have not bottomed yet. A new low? We can't not say. This is not a buy here. Most instruments are showing similar divergences.

Sinex Updated 

I saw many chartists point out that this channel was a bullish channel but its resolution was just more weakness. This broken channel suggests that the markets will move downwards and resume the larger trend. We remain oversold in the monthly oscillator readings, but they can remain oversold indefinitely. This area here looks like a good place to add to shorts.

Sinex

Oil on a 4h time frame is a sell according to the Stochastic RSI strategy to sell crossing below 80% or buying crossing above 20%. The daily (top down analysis) supports a move to the down side. The general markets in turn look oversold and are trying to blow off this oversold condition. Therefore it looks good enough to take a trade. The stop should be at...

Sinex

I suppose I expected a different group of chartists here on TradingView, but what I found was mostly biased bulls with little to no humility, and since they had been right since 2011 "they" were guaranteed future rewards. After all they called BTC a money making machine. But when times get tough, tough times tends to shed light on those who can remain...

Sinex

My mistake was to omit looking at Oil from the top down. This led me to accurately spot a bullish move with divergence and as they are reliable it moved in my favour but the longer outlook is now turning bearish. Here the daily suggests that Oil will not move higher for now. And that a solid short lasting several days, and perhaps even a few weeks is likely. ...

Sinex Updated 

Negative divergence on the Nasdaq suggest this will move down for now. This for now is a short term trade.

Sinex

Hidden negative divergence suggests that the NZDUSD will resume the larger trend lower. A similar condition is happening in the AUSDUSD.

Sinex

Oil looks to continue its bullish run as we can see hidden bullish divergence. Strange how they blame Biden for hidden bullish divergence. Seems to me like buyers are the reason Oil is going up. Stops to me looks to be below recent low.

Sinex Updated 

The 1hr turns in to the 4hr, the 4hr turns in to the daily...in song form. Looks like the bulls have lost control and we are in for the resumption of the larger trend DOWN! Told ya the bulls claiming a "new bull market" did not know what they were talking about! Hold short. Maybe it doesn't move to lower lows since the monthly is still oversold but we can't know.

Sinex Updated 

If you have been following my charts for a while, I suggested that the general markets could turn back up as the monthly had blown off its extremely overbought state since I started posting in December. Now that they have bounced we can see that the bulls are not done yet and are looking to cross the 200ma on the 4hr time frame. The hidden bullish divergence...

Sinex

Nas100 being rejected at the 4hr 200ma. This is not bullish.

Sinex Updated 

This suggests that NZDUSD will continue further down. A difficult pattern to trade, ABC patterns tend to fool everyone, bulls and bears by having two strong moves though choppy in themselves interjected by a counter move in the middle. ABC are counter trend moves to blow off overbought or oversold conditions before resuming the larger trend, in this case it is down.