Crude is nearing support levels not seen in many years... with the 2009 low broken we are now testing the 2003 low and a significant origin of a massive 360% increase in the price of oil back in 2003 What is also interesting is we have some harmonic patterns shown as well, in the form of what could be a type 2 gartley pattern (with equal lows) or an alternate bat...
Holds some similarities with Crude, coming into some support zones very soon Looking to buy for investment purposes in the next few months once a shorter term setup presents itself... interestingly I noticed it had a similar look to it as Crude Oil does which I will post in a post shortly
Multiple clusters showing in typical 5 wave advance followed by 3 wave correction - needs to break low of 91 to confirm If it does then there are a few levels I would be interested in buying between 67-78... People thought the golden stock could not fall this far and here we are... the only other alternative could be a triangle forming and the low at 91 holding...
Key long term levels on Dr. Copper.... Would love to start buying it up around 1.647 - 1.426 for a long term positional play Early days but putting it in perspective - Long term bat + key levels going back 30 years
At a 'Bat' level 88.6% retracement, What I am personally looking for now is a break below the prior low to flush out the longs and simultaneously confirm bullish divergence on the RSI I will be scouring the lower timeframes to look for clues of a turn to try and minimise risk on a position trade long
Head and shoulders target hit... looking for short term support not far below Confluence of 38.2% retracement, former long term trend line resistance come support, and shorter term bullish Fibonacci confluence levels around 2.30
Weekly Cypher hit T1, looking for retest of trend line
Aussie 200 Index Monthly Bearish Gartley Suspect there is a little lower to go... breaking down time frames so see lower time frame setup
I am generally bearish on AAPL, mainly because of the following technical reasons i posted earlier Funny how nobody liked it even though it was dead right... at least I made some good money out of it... Looking at it now I think it is likely to turn lower to continue an AB=CD correction down to around 66.77 would be fantastic (down for a garltey buying pattern...
Already bearish on the QQQ's Nasdaq ETF for quite a while based on this post Already taken profits on a prior short position and entered another longer term short position yesterday and (scaled into other US indice short positions) Pin bar rejection of breakout level within a larger pattern points to lower levels despite the FOMC result, I suspect we may see...
Long term support on Platinum.... Daily chart has setup...
GBPCAD Monthly Fib Cluster Level Looking to sell on shorter time frames....
Large Triangle Pattern Correction to earlier post - this could be an end of wave 4/ D in a triangle I don't use elliott wave so excuse my ignorance, I only know it is common to have 5 legs in a triangle before a breakout occurs
100 years of the Dow, How will it repeat this time?? It's not a matter of if.... It's when... how far... and for how long..? If history repeats I believe we are at a MAJOR inflection point in the coming 1-3 month period Judging from the history shown above we can either: a) Take some pain now, which will be bad... but we will recover it all in 10-12 years and...
Risk on this is large, so will be looking for shorter term reversals at the key levels to tighten stop losses... Setup off the 140.73 level was noted in an earlier post of mine in real time,,, playing out nicely! (although took a few months) Selling rallies shorter term - So short to around 129.20 - 127.75, then looking for longs around those levels
AUDUSD Monthly Gartley Pattern Setup on 4hr chart
USDCAD Weekly Butterfly with Bearish Pin Bar