AUD/USD 3 Box PnF chart is being reviewed here purely from a point of view of where the current counter-trend may lead the Aussie against the mighty Greenback. An established Low Pole with a valid but not active count as shown. For activation we require a pullback where a column…
TA can be confusing unless clarification is offered.Two time frames definition here refers to Daily and Weekly charts. Weekly Time Frame shows the young and vibrant bull run with its up trending channel whereas daily offers detailed analysis of the top box of tricks shown on the weekly. It is this…
Daily chart is the focus here showing the previously anticipated bearish pivot.This analysis also applies to XJO where we had a complex bearish pivot( XJO chart not shown).This bearish pivot did reverse the short term bias to negative or at best flat. What can be the pivot ( bearish in…
Will it stop @ Golden Mean retracement or can it punch higher ? I don’t take signals from indicators but rather observe their reading to look for a reversal of some sort to hop on or off if the view is short term. RSI daily overbought where a rest of…
Weekly chart and a clearly defined rising peaks as well as troughs defining the uptrend ever since the breakout.A must hold support level, for this uptrend to be still considered in effect is also shown at approx. 1450 level.We are seeing a consolidation at current levels( see top box) after hitting…
Important days as well as the congestion of the past as marked on the chart.Completed short term accumulation turning the medium term trend to UP within a major down trend sums the trend condition of Westpac. Trend or counter trend trade ? Nothing wrong with either as long as safety…
Rangebound price action behaviour summarises the current intermediate term trend of Telstra which has been in effect since early 2018.With clear boundaries of the congestion one may utilise the edges of congestion zone for a long or short position in either direction on a successful retest.These trades,if taken, should be…
Corrective/counter-trend move within a major down trend is currently in effect where potential C wave may be unfolding.All evidence so far is indicative of it ( C wave unfolding).Target of C is shown on the chart which is in the vicinity of the Fib. Golden Mean retracement. A tentative up trending…
ABC corrections galore where action may be required @ C target.Here is the XJO chart with nothing other than what it may turn out to be an ABC correction. C target clusters with 40 period weekly simple moving average as shown. And lets not overlook the PnF target published 1st of…
Psychology in this game being the hardest to master here is an earlier post which IMHO worth revisiting. It did a tremendous job with it’s down target will we see similar behaviour with its bullish target ? This remains to be seen. With the major banks breaking out today it…