TheTradeZen

TheTradeZen

i purposely put the word "Prediction" It is hilarious when people say "i predict" as if they have the gospel or a angel said something to them in person Unfortunately market is not driven with prediction but with emotions, and there is a simple rule in trading as the great Warren Buffet says "Be fearful when others are greedy and greedy when others are...

TheTradeZen

wave 5 ends at 9800... a-b-c ends at 4500 before the uptrend resumes...long term market is still in bearish mode and a bubble

TheTradeZen

I hope some of you would have taken advantage of my long gold at the 1180 region with targets at 1350, now its time for the short which was also explained in the previous chart. For those who would have missed the entry, we can go short at markets with stop over the 1303 mark on a daily close with targets towards the 1200 handle and then long again for 1350 and...

TheTradeZen

I have mentioned levels on the chart, long term this is a bear market, so don't jump in just because you read it somewhere or your friends told you too (Remember the Bulls and the Bears will always win the race while the Pigs will get slaughtered) Good luck

TheTradeZen

Wave 5 has indeed ended at levels (1340) mentioned previously in my post, markets will correct to the 1180 handle in the coming days (A-B-C) , stops should be at 1311 on a daily close

TheTradeZen

across the pound crosses we will see the Harmonic Pattern .....the big question is do we go short with a stop above (D) on a daily close or wait , considering the high voltage events with markets hitting stops both sides the big question is "should we rely on the pattern that has developed" it is a tough question and a decision, so i will rather wait and watch...

TheTradeZen

market is presenting a good entry to go long around the 1290-1280-1270 region (4th wave) towards 1350-1360 stops should be placed below the 1275

TheTradeZen

some some few charts on short CAD, so i decided to do my analysis and this is what is feel in the long run....good luck

TheTradeZen

As always the chart explains all, and longs will be short lived ...there is still room and 5 wave will end near the 1500$ mark (this is where probably we will see the anger and depression) final blow i should say from where markets could rally They say there is a light at the end of the tunnel...it could be a train also :) so use stops well and don't let...

TheTradeZen

Just as i thought, market has behaved exactly to the chart published couple of weeks back....for those who have missed the boat, we still have a chance, market will correct towards the 1300$ or below in the (4) wave in the larger A-B-C correction and then pull back towards the 1350 handle where market will give excellent opportunity to short towards 1180 ...good luck

TheTradeZen

this was my primary count which was published few weeks back....i was calling for a top at at 1350 area...i think we could have formed a top at the 1326$ mark....and we could see the larger decline in the coming days/weeks...if market decides to break the 1326$ on a daily closing we could still see the 1350$ and then we will drop to the 1180$ mark....so one can...

TheTradeZen

I had in my previous post mentioned the top in the 5 wave and a larger A-B-C correction towards 1600 ....we are currently in the wave B which should target the 2800 handle and then the larger drop towards 1600 .....use your stops and good luck with your trades

TheTradeZen

either market falls from here or a small rally towards 161 and then drop towards the 120 handle, long term targets around 95$ let the bears make some money this time around :)

TheTradeZen

further drop to the 131 handle looks possible, this is where i will be looking to buy, keeping in mind the long term targets in mind targets of 145-150 are the long term targets

TheTradeZen

not exactly a short, but expect a pull back towards 110.50 and then the B wave rally towards 119...good luck

TheTradeZen

as usual chart explains all.....lets make some more money this year :)

TheTradeZen

I published this chart when gold was around the 1180 $ mark, now i come purely from a technical background, which means i don't refer to news headlines, Trump, Iran, war etc. Now that gold has started going up we have many expert comments like "a combination of economic uncertainty" "trade worries and rising interest rates sparked fear in investors who hurried...

TheTradeZen

Either market will fall from the 4100 region or a rally towards 5000 and then drop below 3500