albert.callisto

albert.callisto

If you are tired of discussions about oil, China and Janet, pay a look at metals. After consolidation sequence, copper made a first 'V' and we may be right in the second now. One could enter now or wait for a small retracement towards a resisting Kijun. Ichimoku shows a dense upper cloud which resisted to the 4th Feb attempt to break the 2140 level. The lagging...

albert.callisto Updated 

Using weekly and daily Ichimoku , I traced the main lines of interest. Note the weekly Kijun that is a strong line in this setup, if it is broken, it is very likely that price will reach significant lower levels (daily SSB, etc.). The lagging span must be under the weekly Kijun to enter the trade. The chart also shows how Fibonacci traced between highest and...

albert.callisto Updated 

SMI reached a support area that it already encountered back in middle of January between 7935-7955 where it closed on Friday. Kijun lies straight on our Fibo pivot (Kijun is 50% of high/lows of 26 candles) so it indicates that the Fibo is correctly drawn. What we see is that the Tenkan lies around the 0.382 Fibo and could be the first target after the pullback....

albert.callisto Updated 

Corn is showing a flat bottom triangle pattern. The period of the wave is getting shorter and shorter and the wave is getting enclosed at the end of the triangle. We may see a breakout before March and that would provide a clear signal for selling. For increased confirmation, we may wait for a level that was present just below the triangle and defined by the SSB...

albert.callisto Updated 

Turkey is involved in a lot of (geo)political, military and terrorism concerns. Despite relative EUR weakening and low oil price, TRY is loosing its strength due to the risks inherent to the country. On technical daily side, PA is above the cloud. We may see a retracement soon towards the twist and then a rise towards the highest levels of 2015. Impatient traders...

albert.callisto

Tracing of main levels using weekly and daily Ichimoku show us the big picture. We are in a global bearish movement with a temporary bullish reaction. In H4, we observe that the lagging span has to go through a lot of various lines: Tenkan 1W, prices H4, Tenkan H4, Kijun H4, oblique H4 trend. This makes a lot of layers to cross. As the H4 Kijun was broken, the...

albert.callisto

I came up Anilmangal's idea for a potential sell on channel breakout and wanted to see how it looked on Ichimoku. A pitchfork helps to see the overall trend and that we are actually at a key area where we could have a breakout. Price is testing the upper area of the cloud and it is important to note the absence of an incoming twist (which would be an extra-sign...

albert.callisto Updated 

My analysis of CAC40 shares some similarities with the DAX (see related idea). The cloud is slightly weaker in the case of the CAC40 (thinner before the twist). Some long scenarios come to mind but they are only feasible if the cloud support is strong enough and if the levels present near the cloud have enough buy potential to keep the trend from going downwards....

albert.callisto

UJ pair is in a consolidation phase. The post-BoJ sequence was violent as expected with a deep correction. Bearish momentum lost strength and the price is moving lateraly towards a large chunk of cloud. What is interesting to see is how the lagging span is going to go through its price line and then the Kijun. Level 116.6 is providing support and the lagging...

albert.callisto

After a long long downtrend in a clear channel, Sugar made an inverted wok-like pattern. It has retraced to a level that was present in the SSB of autumn 2015. This important level has been tested during the 3 last days and consolidation may continue during a few days before we see the price moving a bit. If it manages to stay above the support, it could head to...

albert.callisto

Long trade in sight but not before the pair produces a retracement towards the cloud. It will be supported by the Kijun and the flat SSB + a thick cloud. General Ichimoku : lagging span above price, above cloud = bullish. Price is above its cloud and consolidating a bit (green candle, followed by an immediate "counter" red candle) This pair is volatile with long...

albert.callisto

Rice started a new intermediate trend with some attempts to get out of the bearish status it got since Oct. 2015. It got some support from an oblique trend that brings it towards the lower level of the bearish cloud. This area needs close monitoring, it could offer an opportunity for a buy in case of a breakout. The lagging span would however need to go through...

albert.callisto

Daily Ichimoku shows a bearish copper with some attempt to reach the cloud. But the Kijun and the cloud bottom are offering some good resistance. We will see if the Kijun holds or not. Considering other indications provided by Ichimoku, it is more likely that the bullish momentum will be stopped. Fundamentals Production increased, demand decreased. This is an...

albert.callisto

Configuration: Two Ichimoku on the chart: H4 (full), and D (blue, only SSB/cloud + Kijun)* The pair retraced and closed on the daily Kijun. We may either have a consolidation sequence with a supporting daily Kijun that will finally reject the price towards the daily cloud. Otherwise the daily Kijun breaks and price attempts to test the H4 Kijun. If this latest...

albert.callisto

As you all know, the BoJ changed its rate policy and we observed a wild move. What is interesting is that the magnitude of this bullish move was similar to the one that occurred when Draghi made its announcement back on 3th December. In both cases, the price was very close to its cloud. These things break equilibrium and we are now waiting for the pullback. The...

albert.callisto

EURUSD is in a neat horizontal channel, hitting the ceiling, bouncing on the floor and doing it again. I came upon a video (see below) where they explain that stochastics are interesting in this case because the price has a higher correlation with stochs in such configuration (and I insist, in THIS ranging oscillating waves). Therefore the stoch (I used their...

albert.callisto

Ichimoku in H4 shows a bearish DAX since beginning of the year with price evolving under its cloud and a few unsuccessful attempts to break its Kijun (in 1D Ichimoku, we are still in a bear trend). However things are reversing short-term as the price crossed its Kijun on 22th Jan and evolved for a few days in a moderately thin cloud. During this neutral period,...

albert.callisto

After the intense BoJ movement, we may expect to see a pullback during next week. Violent things tend to be corrected in a violent manner, so I expect price to go back to Kijun in a first phase and if it holds, the long trade could be entered. Otherwise lower Fibos could be explored but the trade configuration would have to be reevaluated, especially the stop loss...