BTCUSD indicating USD roll overUSD rolls over, then BTCUSD appreciates. Otherwise I am afraid my once predicted target of 888 still holds and may be reached within two weeks..
Rollover
Oil ready for US stock last big rally upEverything is waiting for Oil to reverse imho, and one last stock market upside rally will be witnessed. See related ideas for inter-market correlations when USD is about to roll over.
Affects Brent and other commodities. When the world reserve currency rolls over expect all financial markets to be affected.
UJ Seasonality opening bell in the making..
She's about to roll over`Just a moment in time, don't be blind to the things at hand. 50% retracement. she's about to roll over folks, you can't stop the golbal economy and just rip straight back to ATH. adios muchachos
The Indians could be in trouble again. The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
USDJPY Weekly Trade AnalysisUSDJPY > 10/15-20/17 Trade Analysis
Timeframe: 1W
Shooting Star candle signals roll-over @ week's beginning.
Break and Hold below 112.00 signals to 108.00 level. Expecting these levels to be Buyers area.
Break and Hold above 112.00 can signal further rise to 115.00 level.
High volatily expected as I believe we are in the "wacky" season where up is down and down is up!
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Oil Channel - If It's Not Broke...This is a my potential 8 week view of oil volatility. For a shorter term intra-week short entry, please see my 'Oil Supply - Continuous Chart', which provides a more detailed view of this charts short entry.
I have been (im)patiently waiting for a breakdown in oil prices and to see a higher weekly low created prior to prices rallying again. I believe this low will happen at the bottom of the daily channel at the 45.75-46.08 level. I feel that the break down is imminent as the FOMC meets on March 15 , rate hike sentiment is increasing and am expecting a clearer validation/retrace of the 46 level. Volume was enormous on the 11/30 daily candle so I do not expect prices to drop below that daily low.
On the upside, I've been looking for a 14 month cycle high to occur on the 4/17 week; so am looking for a top to occur between 4/17 and 4/24. This bottom and top would be in line with the 3/21 and 4/20 futures contract rollover dates. This seems like too large of a swing to realistically happen but looking at the past 16 months of swings it is clearly possible in this channel.
I am currently short and am advising short entries for this trade at current price 53.2 - 53.51, targeting 45.75-46.08 to the downside and 56.5-57.5 on the upside. 57.49 was a weekly inflection created on the original Dec 2014 leg down and it may be tested.
Short Entry (Currently Active): 53.2-53.51
TP1 (Long Entry): 45.75-46.08
TP2 (Short Entry: 56.5-57.5
Good Trading all!
Oil - Higher Weekly Low support chart #4NOTE: this analysis is for the CLH7 (March) oil contract. Also, the path is hypothetical, targets/support/resistance are what matters. I believe that the 12/2 buying climax will hold as resistance.
1. Prices have been rejected at the daily BB midline
and are below the daily 9 MA
2. TL of last two daily swing lows and the last daily
selling climax are at approximately 51.66 level.
4. Daily bars showing declining peaks and troughs, indicating
a potential reversal
5. I have found that .618 run ups are common in descending
wedges; 1/12 high was approximately a 618 run up off
of the 1/6 high
6. I am looking for a drop and potential bounce at the previous
selling climax, 51.66 and .618 bounce to 53.2 level followed
by breakdown of 51.66 and the overall distribution range;
It is common in a keltner channel to see rejection at the
midline prior to a break below, this would be in line with
this hypothetical scenario; first target after breakdown = 50.00
Good trading all!
