giles_t_error

giles_t_error Updated  Apr 20, 2023

The corrective rally since the 2020 low could be a 2 year triangle or rising wedge which is currently testing support. Interest rate will continue to rise and growth forecasts are being slashed. Returns from stocks will be lower than expected and a recession is highly possible.

giles_t_error Updated  May 6, 2022

Looking for a reaction off the lower medium line on this long-term pitchfork. Patience

giles_t_error Updated  May 6, 2022

NZD/CAD has tested the outer warning line twice and looks like its found support. I think from here it can go higher than the recent high and a longer term trade would be to hold to retest the high this might take 6 months. Really like how the retest is looking today. This could be wave 3 inside wave 5 up. T1 = 0.88 T2 = 0.905

giles_t_error Updated  May 6, 2022

This is looking like a decent setup here after retesting the inner medium line of the pitchfork, and downward sloping trendline. Need to see what happens today. Looking for price to go to 41+

giles_t_error May 6, 2022

I can see sugar shooting higher from here. It's been consolidating nicely for the last week. Moving up now.

giles_t_error Updated  Apr 26, 2022

Missed most of the wave up, but it hasn't broken the high so it could correct and then move a lot higher. Weekly log scale pitchfork holds the price incredibly well.

giles_t_error Apr 14, 2022

An entry here offers a large risk reward trade over the next couple of quarters. Strong support on the lower medium line of this long-term pitchfork

giles_t_error Updated  Apr 8, 2022

Consolidation in price could lead to another strong move to the upside. Finding support near a lower medium line and inner warning line on two schiff pitchforks. Retracement from the high at 62%, but need to wait for confirmation of upward move.

giles_t_error Updated  Apr 8, 2022

A year long consolidation might be coming to an end with massive upside potential. ABC Correction complete start of wave 3 to begin shortly. Could be a year long buy and hold swing trade.

giles_t_error Updated  Apr 8, 2022

Counter trend rally looks to be at the top. Could be a long way down from here to retest the lows.

giles_t_error Updated  Apr 7, 2022

Looking at the chart once prices hits the centre medium it could act as support. Price could be looking to go higher from here or continuing the consolidation pattern in the form of a triangle on the weekly and daily timeframes.

giles_t_error Updated  Apr 7, 2022

Look for this to move higher shortly or will it correct some more? I think we have another wave (V) up to complete this wave. But there is some bearish divergence building up on the RSI So I think there is another corrective wave (C) down to form a running or expanding flat

giles_t_error Apr 7, 2022

Sitting through a small correction on Sugar (hopefully) this may go down to the upper medium line to hit support and then start a Wave V to the upside to target the outer warning line of the pitchfork. This is inline with a previous high which may form resistance.

giles_t_error Apr 7, 2022

On the monthly log chart, we're at an interesting line of resistance. So is it a single zig-zag correction or its it a triangle with another leg down? The current wave looks quite impulsive so it could go higher from here, signalling an ABC is complete. The CAD should be strong due to rising energy costs. So I feel more bullish than bearish. Let's wait and see,...

giles_t_error Updated  Apr 7, 2022

End of a correction down to the medium line or the correction is complete, taking the space of a leading diagonal with the next move up.

giles_t_error Apr 7, 2022

Looking at the weekly we seem to be in a triangle consolidation pattern. Perhaps near the end of this leg down which could start a new move up in May. Patience

giles_t_error Apr 7, 2022

Looks like we have another leg down and that the march rally was a counter-trend rally. Looking for an entry at 4500. Target 4000. Pitchforks are showing a possible way down.

giles_t_error Dec 30, 2021

Need to watch how the price reacts against the outer warning lines and lower medium lines of the two pitchforks. Looking for a possible more up.