Selling down within triangle, first target bottom of triangle, Second target Fib cluster between 136 and 131 for 5th wave completion along with longer term buy patterns (Stop and reverse long) Could bounce around inside triangle for a while so if it ishows support on the triangle support I may buy long short term and reestablish short near resistance again
USD Index Gartley/ Bat/ Demand Level
Currently Short based on Wave 4 Triangle, looking to buy around 108.40
Looking to seel a break of last weeks low at 1.11469 stop above last weeks high 1.13227 Target 1 = 1.09, if target 1 hit trail stop to breakeven on 'running' portion I really do not expect the T2 to be hit, so if T1 is hit I will look at price action then to see if I should start trailing the stop aggresively
Longer term bullish but currently swing short based on a shark pattern (shown) and also a 5 wave advance, looking for a 3 wave correction at least back into the proximity of wave 4 low before looking to scale in long again
Could be in for a bounce but would need to drop to $24.40 or so first... (In Euros) bullish for European producers if nat gas drops a little lower ~$5 or so
Playing this for a position long orders set to hopefully buy me in today Given all of the bad news re Oil and Russia I see this as a nice contrarian play although it certainly will be a position play as this is a monthly chart Would not be surprised to see this hit some resistance around $35.00 and $49.50
I find the whole 'Brexit' thing such a joke.. a huge media frenzy for absolutely nothing - all froth and no beer... Long term we are at multi year support levels with a bat pattern, I will be looking on the lower timeframes for reasons to position long GBP for a nice run back up to around 1.5500 over the coming months although aiming for 1.5030 is slightly more...
Already long 2x positions based on HTF and will be looking to add 3rd on break of the neckline Looking bullish to 2.33
Target level 1293 just before 5th Wave cluster for first impulse leg up Then i will be trying to short lower into wave two - hopefully back to 38.2 - 61.8% of the rally so far at 1200 or 1141 for the start of a wave 3 Time will tell but for now I'm bullish and buying more
Long and expecting a rally in 3x waves up, interestingly there is a macro cypher pattern around $57.00 and the gap close
My long term view on Eurostoxx 50, (which is basically mirroring my view on many worldwide indices) As per my previous posts on the Eurostoxx 50 index here: I was shorting around 3780 looking for an 3 wave ABC retracement - which is near complete now... There is a MAJOR fibonacci level around 2670 - 2630 comprising of: - 61.8% retracement of the 2011 low and...
As per lower timeframe analysis... Silver currently at key long term support levels... Falls in line with long term USD view of falling dollar Looking to scale in long...
USD Index AB=CD + Triangle Good target levels around 11614 and 11166, fib cluster levels + demand levels
Looking for possible bounce off long term trend line + confluence of multiple Harmonic patterns in the same zone Preferred buy level is around 129.85 which is a nice level and I will be looking closely if GS continues to fall to that level Possible targets if this eventuates would be around 154.00 and then possibly up to 179.00
Formed tweezer bottom in a fib cluster, looking for a short term bounce to 2.10 possibly up to 2.55
Am looking to trade this to the top of the channel around 0.8200 Will hunt for a long entry on a lower time frame...