Trading Strategies

Moving higher in an impulsive manner. The 261.8% extension and possible completion of a 5th wave, is seen at 113.28 (from 111.38-112.10). Read More

We have a 261.8% extension level at 0.7020 (from 0.7315-0.7202). The daily chart highlights bullish divergence (chart makes a lower low while the RSI makes a higher low). Often an indication of exhaustion. Buying into dips offer ample… Read More

With a 261.8% extension seen at 11.2968 (from 1.3232-1.3070) there is scope for a mild upside correction to get short. Read More

Moving lower in a corrective formation. A full AB=CD pattern takes the pair to 1.2884. This is just below the 61.8% pullback level of 1.2905 (from 1.2662-1.3298). DeMark has posted a correction count on the daily chart Read More

We have a confluence area at 128.11-127.98: 1. 261.8% extension at 128.02 from 133.13-131.18 2. Bespoke support at 128.11 3. Lower lows at 127.98 Read More

Monthly: Formed an Ending wedge pattern. Bearish divergence can be seen on the monthly chart (the chart makes a higher high while the relative strength index makes a lower high). The measured move target is 8700 Weekly: Looks to be… Read More

Monthly: Trading within a bearish channel formation. Trend line resistance is seen at 1.2448. Levels close to the 38.2% pullback level of 1.2522 (from 1.6038-1.0349) found sellers. There has been little net change for the last four months.… Read More

Selling into rallies offer decent risk/reward. It should be noted that the projected 261.8% extension of 106.87 (from 111.54-111.6) is located close to the aforementioned monthly trend line support. Read More

Looks to be forming a bearish Head and Shoulders pattern. Current price faces trend line support at 11550. The most interesting factor about this time frame is that 261.8% extension of the 13601-11703 move is located just below the… Read More

The move lower can be seen in 5-waves (Elliott Wave) and the initial selloff is assessed as being complete. We are now in the choppy correction higher. Bespoke resistance is located just above the 50% pullback level of 7483 (from… Read More