Why 3 Box PnF chart here ? To eliminate lots of noise and define clear support as well as resistance levels which matters, like the current congestion (see Yellow box). How ( upside or downside ) will the Yellow box resolve itself is a million $ question ? I am at the…
Bitcoin has been finding it tough against the Greenback at the 200 day simple moving average resistance. It had been unable to clear it but still holding firm with no short term support break either.I am marking a short term support and resistance levels within a larger trading range to watch…
Couple of bearish counts to forecast the potential extend of the move out of a completed top of late. One from 3 box and other from a 1 Box chart. As can be seen both suggests the extend of the move to visit the current levels which US Dollar cash index is at. Move is…
Before I dive into the analysis of this currency pair, a link will be sent out for those friends/members who have registered to join the upcoming Wyckoff webinar day before. If you haven’t received it by Tuesday morning, please let me know. Knowing the position in the major/primary trend, as per the…
DAX was covered yesterday and this currency pair concludes our visit to EU, for now this is. In intermarket TA analysis, as legendary analyst of our time John J. Murphy would say, try and understand the intermarket relationship between 4 different asset groups, two of which are Stocks and currencies.…
Is bitcoin about to go to God ? Lets take the message on display from the chart and be our own judge and the jury. Target is shown on the chart and it does not look pretty. Parameters of the chart can be seen on the chart. Despite the fact…
Timely to re-visit Aussie $ in my opinion. I wont get into trend definition here but rather look for completed patterns and try and take the message which they convey. Couple of bullish horizontal counts as shown on the chart with bullish price objectives. Wonderful software package at StockChats.com also…
Same chart which I posted at tradingview.com late last year showing the Bearish Price Objective which is almost met. Now that this instrument is testing an important zone of support on the daily, it will be interesting to see how things unfold ??? Will it bounce or will it tank…
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Aussie $ has been range-bound since August as far as it’s intermediate/medium term trend is concerned within a major uptrend if it’s daily chart is analysed. Flat price action behaviour of late ( since August) , once resolved, would determine the next probable move, up or down. Expectation and probable outcome may…