thecharttechnician

thecharttechnician

XJO top pattern as well as bearish target as shown on the chart is for EDUCATIONAL PURPOSES ONLY.

thecharttechnician

This analysis is for educational purposes only. Bearish count taken from the most recent completed top is shown on the chart. This target level clusters with 2013 as well as 2016 support levels. Fib. Golden Mean Retracement (GFC low to recent top) is also overlaps in this zone. Will we see a floor around those levels at least temporarily ? This remains a real...

thecharttechnician

This analysis is for educational purposes only. Simple yet powerful analysis is on the chart. Cheers.

thecharttechnician

THIS ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY.IT IS NOT AN INVESTMENT ADVICE. In terms of an END of WEEK CLOSE is there an exit (close long position trigger ) with Telstra in relation to either simple moving averages ? NO the only answer is. What does the current price action behaviour,over the last eight weeks or so, tell with low volatility trading range ?...

thecharttechnician

This analysis is for educational purposes only.IT IS NOT AN INVESTMENT ADVICE. A low pole, vertical count as shown, suggests that $5 is within a striking distance in terms of a bullish target with TELSTRA. There are other targets, which are also in harmony with this bullish target, but not shown. Will we see TELSTRA @ $5 ?

thecharttechnician

This analysis is for EDUCATIONAL PURPOSES ONLY and it is NOT an INVESTMENT/TRADING ADVICE. All my calculations are straight forward and are shown on the chart. Can it go higher from here ? It may, but not in a hurry. Daily or even hourly bar/candle charts may offer clues as to what is forming ( accumulation or distribution) at current levels.Analysis...

thecharttechnician

This analysis is for educational purposes only. For an upside breakout, resistance level of the Box of Tricks is the zone to watch. Due to scaling issues of the PnF charts, I have not drawn 45 degree trendlines but rather marked the buying waves in Blue and selling waves in Red. Most dominant recent wave is the penultimate selling wave in Red. Will Spot Gold go...

thecharttechnician

This analysis is for educational purposes only.It complements my prior post on this instrument. Simple yet powerful point and figure counts are shown on the chart. Will either be met ?

thecharttechnician

This analysis is for educational purposes only. Please see all comments/analysis on the chart. Can it be any more simpler than this ?

thecharttechnician

This analysis is for educational purposes only. All analysis/remarks are shown on the chart with this simple approach in chart reading.Fact is, no one knows the duration which will take the Box of Tricks 2/congestion to resolve itself. Will it be similar to that of Box of Tricks 1 ? Trend following systems will give conflicting signals as long as the congestion...

thecharttechnician

Rising Peaks and Troughs clearly defining the long term trend of ASX 200,XJO. One may also use 45 degree trendlines, if they can construct it with the software. Completed base and clear long term count with a bullish price objective as shown. This bullish objective/forecast is still in effect, until a new low lower than that of 4750 is registered by 53.2...

thecharttechnician Updated 

If you are interested in correct application/education of TA and incorporating different time frames as well as methods in your own analysis read on.A comprehensive but simple approach once it is clearly understand and uncover what is unfolding with EUR/TRY in the short,intermediate and long terms.Pair will be analysed in different time frames(monthly weekly etc...

thecharttechnician

Early stages of a potential top and an established active and valid high pole count as shown on the chart. As long as we don't see a new high, higher that that of shown on the chart, this count remains an active and a valid count. A new high would cancel/negate the count. Every bit of information helps in solving the mystery ! This analysis is NOT an INVESTMENT ADVICE.

thecharttechnician

Better informed/smart money may be off loading/closing their long positions and potentially re-positioning themselves in the opposite direction. I will be watching the boundaries of the current trading range from here on. Anticipation is to potentially see further short term weakness/correction. I would expect to see it test it's 200 day simple moving average...

thecharttechnician

As the end of the move approaches bars of the kind shown may be the clue from here on. What to look for from here on ? A bearish pivot or alike in candles. If and when on hand correction is signaled. This is NOT an Investment advice.

thecharttechnician

Another count form the prior consolidation pattern as shown on the chart. It will be interesting to see if we see a STOP/HALT at the price target on approach ? Bar/candle charts should offer further clues on this front. Analysis continues. This analysis is for educational purposes only. It is NOT an INVESTMENT ADVICE.

thecharttechnician

Dear traders/analysts a road map may well describe this analysis giving us a target/objective to work towards. A forecast of the anticipated move after a completion of a pattern which I like to share with you. A completed top with the daily bar/candle chart ( not shown) of the precious metal. This enables us to take a PnF count for a bearish price objective...

thecharttechnician

Fellow traders/analysts, prior post of mine looked at EW forecast of an Intermediate Degree where the target of it is also shown ( top forecast at 6764) shown at the top of this chart. Time to look at Point and Figure chart to see if there is a harmony/sync between two ? We must bare in mind the box size of this chart in this analysis ( 40.4 points). What do we...