This currency pair has historically shown beautiful wave symmetry and I think we are in a 5 wave up and at the start of wave 3. I missed the upward trailing bar, but as luck would have it, had I entered I would have autoclosed. So now I'm waiting for a 1 bar trailing to cover a higher high and have stochastics cross not too close to the overbought 80 zone in...
Tabcorp has just come off a 5 wave bull run. I like the wave symmetry behind this stock and predicting the start of a 5 wave down. Stochastics have just crossed. If the 1 bar trailing tomorrow is covering bearish, I'm going SHORT for sure. I've placed the first target where fib levels and Schiff pitchfork cross.
AUDUSD has just come off a nice 5 wave down. I only trade on Daily charts, so I missed the Wave 1 setup because after stochastics crossed over, the trailing bar did not take out a previous bar high until 6th July. By 6th July, the stochastics were too close to the overbought region for me to go in. On the weekly chart, there is a weak crossover up in the...
I have been following copper since 22nd June when I thought stochastics would cross over and go long. Never happened and I have been tracking it's bear run ever since. After reading a few different views, I think Copper still has a way to go down in the short term before a possible swing back up. Looking at the weekly chart, there was a 5 wave up followed by a...