Long term monthly chart of XAO, focusing on the intermediate degree swings within the next higher degree/time frame. It appears as though the floor for wave 4 is now set at 5834 ( low of penultimate bar). As long as this level is respected, next bullish objective which is likely to mark the high point of the current impulse/motive wave is at 6764 from this EW...
Couple of Bullish PnF Counts as shown with KLSE which are active. A charging bull with plenty of locally produced high octane fuel to propel KLSE going forward may sum it. Analysis continues on the bar/candle charts for further expected bullish developments.
We analyse bar/candle charts for clues as to what may unfold when the price action becomes congested/flat. That is what I have done in the past with my earlier posts on this pair as things were unfolding in favour of the Greenback. Time has now come to see how far EURUSD may fall. Bearish price objective calculation is shown on the chart. Will it be met...
Dear fellow traders/analysts,long term charts provide the road map for shorter time frame high probability set ups. I ask of the chart reader/trader to have a look at the last 4 bars and tell me what is happening in the short term ? What is being completed ? If you don't know the answer to this please google COMPLEX BEARISH PIVOT POINT REVERSAL and learn it. But...
For educational purposes only. This is NOT and INVESTMENT ADVICE. DEU30 is also feeling the heat of the 200 Day moving average of the next higher time frame daily. Reversal of trend in the hourly after a support break couldn't be any more clearer... Broken support is now resistance. Is the short seller getting the best of DEU30 ? Analysis continues....
This analysis is for educational purposes only. It is NOT an INVESTMENT advice. All shown on the chart. At the next higher time frame daily, price is testing the long term mean of 200 day moving average. This is obvious in the hourly as a secondary reaction, in the form of a pullback, within the up trending channel. As long as the support line of the channel is...
For Educational Purposes Only. This analysis is NOT an investment advice. Classic TA on display with this pair with price action being congested as far as it's intermediate trend is concerned. Within this broader congestion zone ( boundaries marked with Red support and resistance lines) here comes a SOS Bar ( Sign of Strength Bar). A retest of the support with...
For educational purposes only.This is not an investment advice. Is Silver about to stage a MAJOR UPSIDE BREAKOUT joining the ranks of the other metals ? It is a matter of time and keep watching this space for the upcoming eruption. Analysis continues...
This analysis is for educational purposes only. It is not an investment advice. Completed top and a bearish count as shown on the chart. Will it get there ? Analysis continues......
For educational purposes only.This analysis is not an investment advice. Welcome to a congestion/flat price action behaviour.As the Long Term resistance is being tested within a down trending channel of a Monthly time frame ( see my earlier post if you like), effects of that are being felt here in the hourly with a bearish pivot point reversal, watching the...
This exercise is for educational purposes only and it is not an investment advice. I am not describing the past behaviour on the chart and calling that analysis, but rather doing a real time analysis of what matters. I am not forecasting either ( I can and I do when required) but rather waiting for the price to prove itself. I will try and show you how this may...
For EDUCATIONAL PURPOSES ONLY. This is not an investment advice. Longs appear to be on the defensive and exiting their positions. This coupled with new shorts, smelling the parabolic climactic conditions, and what do we get ? Lower Peaks and Lower Troughs. A classic Dow Theory intermediate term trend reversal on hand in this hourly time frame.Control and...
This analysis is for educational purposes only. It is not an investment advice. Base count from the 2017 congestion is shown on the chart as a bullish price objective. It is met and slightly exceeded. What is striking me at the moment is the BEARISH DAILY PIVOT of the bar chart ( not shown) as well as the high pole formation of the 3 box PnF chart. Correction is...
For educational purposes only. On April 8th, I did a long term chart analysis of the pair. www.tradingview.com A resistance retest and a breakdown on hand in the 60 minute chart as of this writing. Watch the support of the larger time frame and a potential further weakness to follow. Analysis continues at thecharttechnician.
This analysis is for EDUCATIONAL PURPOSES ONLY.It is NOT AN INVESTMENT ADVICE. Is ASX 200 out of the woods yet ? Not at all but we have a FLOOR/SUPPORT in place. How did we get to this floor ? Read along. We have a plan/road map to follow by utilising our TA knowledge. This involves more than one time frame approach and more than one charting type more than one...
Does this chart require any analysis ?
This analysis is for EDUCATIONAL PURPOSES ONLY and IT IS NOT AN INVESTMENT ADVICE. An established down trending channel and the price action feeling the heat at the resistance line of the channel. A quick look to the left as we are at an intersection observing a STOP sign ahead(prior breakdown level now turning resistance acting as STOP sign and resistance line...
This analysis of BTCUSD is for EDUCATIONAL PURPOSES ONLY and it is NOT an INVESTMENT ADVICE. Retest of the CLIMAX low is nearing which may or may not resolve the flat price action behaviour with BTCUSD. Watching the the support zone of 6000 at present. If the price action is to bounce off from current levels, zone of resistance at 12000 may well be re-tested....