Gooo view. The matter is how long we wait to see the trend. This tendency matches for investors not for intraday traders. Tks. Maintain your own work.
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Gooo view. The matter is how long we wait to see the trend. This tendency matches for investors not for intraday traders. Tks. Maintain your own work.
EurUsd is ticking up again without breaking some key levels. We're on track. It also has room for a different
low at the 3650 degree before resuming upward to finish the last leg upward.
1 Attachment(s)Levels the SP has to break to affirm that the downturn is a fracture of the yellowish TL at 1840/1845 (ES) at which we also find the 50 day EMA.
Next it's to extract 1833 and 1822 (ES), the recent lows where also the reduced daily Bollinger ring stays.
Split of these amounts will likely trigger a bigger selloff.
https://www.cliqforex.com/trading-sy...ding-edge.html
2 Attachment(s) SP Index (ES) -- Weekly Daily chart investigations.
The upcoming few days will be critical to its small and mid term trend for the SP index.
While it really potentially can shoot up to marginally new highs, lots of signs are now pointing to
reduced prices and possibly a larger correction at the very least. Unless we see sideways and
higher prices in the next week or two, I believe it's time to get a small/mid term trend change
where I'll try to sell the index at the upcoming week.
The trend is clearly up and at this stage a possible change is not yet been confirmed .
We do have solid daily change candle out of friday's large, but currently there's
great service below and no significant pivot levels has been removed.
Weekly chart:
https://www.cliqforex.com/trading-sy...ncleforex.html
Daily:
https://www.cliqforex.com/general-fo...opagation.html
2 Attachment(s) GOLD XAU/USD -- Weekly and monthly investigations
There's been lots of calls which gold has created a bottom and the trend has resumed to the upside.
I loe a few missing bits in the long-term picture in order for this to be the case. While it remains to
see over the next few weeks, I believe we are heading sidewise and reduced for the remainder of the year.
The gold bulls was soaring again, too many, too quickly.
Technically, in my opinion, we don't have a fantastic reversal pattern to call for a floor.
It allways takes time to turn a large ship 180 degrees.
With a 12 year bull run, a three year correction is not too much. Just 3-4 years ago price was
trading at the $1100 level using a reduced in 2010 at $1042. We may venture towards that amount before
the trend changes.
The current rally was pretty powerful and firm, but in my own opinion, likely a C-wave rally.
C-waves are often powerful untill they stop dead.
The alternative is of course if that is a new uptrend, we should shortly see gold take
off and hit new highs. If this does not occur over the next few weeks and begins
choppy and reduced trading we could assume we are in either a triangle or start of a 5th tide reduced.
Weekly chart:
https://www.cliqforex.com/general-fo...exit-ergy.html
Monthly:
https://www.cliqforex.com/trading-sy...t-gbp-jpy.html
1 Attachment(s) EURUSD Weekly - Soon to put a solid tendency:
My prediction is that we're in the very late phase of this long lasting flag pattern
that started in July 2012.
It has now been 88 weeks and lately price seem to go nowhere as it has become more and more
choppy in a slumping and tigther trading range. I, (like most others) have been scratching
heads about the recent months price action but I believe there's a good reason for this
choppiness as explained below and on the chart.
We are now at precisely the exact same price level as we're in October and Desember throughout February,
but it wont last for much longer since it will soon apult and release the energy
it has been building over the past few months.
Many people think that it will break to the upside since it has created new highs and higher lows.
They may be right but in my opinion there's a very clear pattern that tells me the EURUSD will
break down in a huge trend to come.
Unless it is done to the upside and breaks challenging from current levels, I think we
could observe a final leg towards the 1.40 level to conclude a large ending diagonal.
WEEKLY CHART
https://www.cliqforex.com/trading-sy...c-systems.html
EURUSD: The end diagonal might still be alive.
SP500 (ES) - Weekly update:
The major question is now at hand. Is this the last gasp of bullrun before a larger pullback from the coming weeks?
If the index begins to wingle at this region and produce a small pullback (WHICH IS DUE), early this week, then I will
look for sell setups once the index hit new highs after that.
It all remains to be seen, but we do have several technical confluences on the brief and longer term charts.
A possible ending diagonal might be in works, if that is true, we can see some unkind and sharp moves
to the downside once the top is completed.
One situation I am Searching for - 4Hour chart:
Daily:
EURUSD - Update on the Ending diagonal pattern.
Looks like a small triangle in functions.
4Hour chart still showing the ED potential
GOLD XAU/USD took a tough hit this week as the assumed triangle unfolded and price broke down.
All bullish calls lately has been proved incorrect and price has more downside still within this D-wave of the larger triangle.
Daily:
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