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trading2day Updated 

BAC stock price is trading at a major Fibonacci retracement level. Price is in bearish trend making lower lows and lower highs. There is no sign of a reversal yet. The RSI is not making lower lows, producing bullish divergence signals. I believe that the most probable scenario is for BAC stock price to form a bottom and signal a reversal to the upside soon, this...

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With weekly Stochastic at oversold levels and turning upwards, price at the 50% Fibonacci retracement of wave 3, price at the lower boundary (last support) of the weekly Kumo (cloud), with wave 3 already 161.8% of wave 1 (text book extension of wave 1), there are many chances that we have completed wave 4 of the entire move higher since the 2016 low. First target...

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Silver is showing signs of an inverted Head and Shoulders pattern. With the neckline at $16.11, a break above it will open the way for a move higher towards $16.50 (1st target) and $16.70 (2nd target). Today's NFP announcement could provide the causation for such a break out. So looking closely for a sustained break above $16.11 to go long with stops at the low...

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I'm bearish the Dollar index for a couple of reasons. 5 waves up completed. Wedge pattern formation breaking down. 3 drive bearish RSI divergence in Daily chart. Stochastic diverging and ready for bearish turn around. Rejection at 50% Fibonacci retracement. Bigger wave picture suggests we should expect lower prices for the index.

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5 WAVES up in AUDUSD and a 3 wave pull back at the perfect 61.8% Fibonacci retracement. This is a bullish setup in wave terms expecting a move above 0.7875 and not to break below October lows.

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The price formation, ratios are text book impulsive in BRK-B and I believe there are many chances wave 4 is complete and we have started a wave 5 move that will eventually bring price towards 200$. First target is 196$. Wave 3 is 161.8% of wave 1, wave 4 retraced wave 3 by 38%, wave 5 is expected to move close or higher from the 61.8% wave 1 to 3 distance. The...

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I see 5 waves down in AAPL from its all time highs to 142.20$ and 3 waves back right at the 61.8% Fibonacci retracement and Daily cloud resistance. We are currently in an area where the corrective sequence could already be complete or near completion. I now expect another sequence of 5 waves down that will at least make a new lower low below 142.20$. Most...

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XME price has reached important weekly cloud support and is bouncing dynamically. I expect a new upward move to already have started in XME with new highs as target above 35.10$.

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XLF is at its final stages of an impulsive move that started back in 2009. Long-term traders I believe should not be bullish and look to protect their positions either by reducing exposure or by raising their stop protections. I believe over the coming years we will see XLF below 20$ again. The April low is an important support that if broken will confirm the end...

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I see a weekly break out of a wedge pattern and above Ichimoku clouds for the wheat and expect the 2nd half of 2017 to be very bullish...like a spring being pressured to the max and now being released....Price has started making higher highs and higher lows on a weekly basis.

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A break above 1.2177 will confirm trend reversal for GBPUSD with 1.2310 as the minimum target. There is important support at 1.2140 area as this is the 123.6% extension of the first decline from 1.27 to 1.2340 and also the 78.6% Fibonacci retracement of the rise from 1.20 to 1.27

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EURUSD is showing reversal signs from above 1.05. I believe that a move towards at least 1.0630 is possible. As long as price is above 1.0490, we might find the reasoning in today's Draghi speech for a push higher.

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There are increased chances that wave 4 was complete in Deutsche BANK right on the 38% Fibonacci retracement. The recent decline from 19.79€ is impulsive with 5 waves complete at 17.07€. I expect a bounce towards 18-18.50€ for wave 2 and then a strong wave 3 downwards targeting 15.50€ first and then 13.80€. Stop for this idea is the recent high. Confirmation will...

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I'm bearish USDCAD from current levels as long as price is below 1.36 targeting minimum 1.28-1.29, but with high chances of reaching even 1.25-1.20.

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Wheat is testing important long-term cloud and trend line resistance. A breakout above 470-480$ area could signal a very big move ahead. Minimum target will be close to 600$. Must be patient and wait for breakout.

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The downward sloping wedge has been broken to the upside. As long as we hold recent lows I can see GBPUSD rallying towards 1.25

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I expect USDJPY to top around 120 but for the short-term I can see a pull back towards 115-114 area as wave 4. I prefer to be short as there are also chances of the entire rise to be complete and we do not see 120. 114-115 is key support area.

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With oscillators diverging I will be expecting Wheat to reach 380 or lower again to look for long positions expecting finally a breakout out of the long-term wedge pattern. On the other hand if the low is already in, I will be waiting for a break out above the wedge and above the weekly Ichimoku cloud to go long. The upside is expected to be explosive. For now I...