Ideally prices should continue moving lower and penetrate the next level of support at 131.80. But I want to bring your attention to the fact that the cloud was able to stop prices and there is a green cloud ahead. …
Prices moved higher as expected and can now be counted as a leading Expanded Diagonal. Ideally, we don’t want to see prices moving below the trend line, but most definitely not below 6625. As long as Critical Support (6625) remains …
Prices did continue as expected announcing some sort of a top. The impulsive nature of the decline presages further losses as per the drawing on my chart.
The 4180 Critical Resistance has not been violated despite the surge yesterday. Being so close to this level demands that prices start turning lower. Otherwise, we’ll need to look for a more bullish alternate count. As I said yesterday, the …
Good Morning! I hope you all had a wonderful holiday celebration. We closed the position with nice profits right before the holidays. Prices are now at an important level of support which has so far been respected, but I expect …
Unfortunately there are various ways we can label this chart. If the Triangle we used to turn bearish a few days ago is indeed correct, prices are due to continue higher. You can see those labels in black. If on …
We got our sell signals in P&F confirming the Fan Setup. I personally didn’t take the position because as I said yesterday, I lack confidence without a count. The reasons why the lack of clarity and indecisions from traders may …
Today I’m showing a count that still sees prices lower in the short term. Given the fact that the ES has taken so long in a sideways trend and have not been able to make progress in either direction, I’m …
Even though there was a large decline yesterday, my last comments stand. Please do notice that in the 4 H chart the RSI has formed a Hook forecasting higher prices ahead. From yesterday: “I said yesterday that a case of …
Certainly the count I had presented earlier IS still possible, but at this point, I seriously doubt it. While I did not expect such a large recovery, I believe the trend is still down and is possible Euro sees a …