Last analysis of US Oil on 17th December, 2013 expected more upwards movement towards a target at 103.21 to 104.42. Price moved higher as expected, but fell short of the target reaching only to 100.76.The wave count remains the same.Click on the charts below to enlarge.The bigger picture sees US Oil in a large second wave correction at super cycle […]
Yesterday’s analysis expected more downwards movement which is exactly what has happened.Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term target at 1,198 may be about two days away.Click on the charts below to enlarge.Gold is still […]
Weekly Technical Analysis – “Near-Term Weakness Towards Worst Case SP500 1730″
by prestonni on Jan 28, 2014 • 7:42 pmThe Swiss team have released their latest technical analysis for the major asset markets.They are sticking to their cyclical road map and therefore forecasting a shallow correction of between 5 to 7%. They reference 1730 as the ‘worst case’ scenario.I’m personally a […]
Apple is trading in an upward wedge pattern on a 4 hour time frame. If the price breaks out of this pattern to the downside, there is usually a big move to the downside. Within this pattern, we also have the symmetrical triangle pattern formed and the downward projection of this, could push the price towards the support area which […]
Support remains for US despite bearish signals
Tuesday 28 January 2014 10:04 GMT
Although short-term technical continue to look bearish, major support levels remain for US stocks, according to Brian Larose at United-ICAP. Despite a case for a major topping pattern in the S&P, support will need to be broken at 1767-1762, 1744-1736, and 1681 for this to be confirmed.
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Support remains for […]
Elliott Wave chart analysis for AAPL for 27th January, 2014. Please click on the charts below to enlarge.Main Wave Count.Any movement at all during regular trading hours below 513.74 would immediately invalidate this wave count. At that stage the alternate below would be confirmed.Alternate Wave Count.Movement below 513.74 would see further downwards movement towards a target at 255.17. This target […]
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Talking Points
A Bearish Engulfing candle pattern hints a move lower is ahead
Breaking below 1.6475 (23.6% Fib ret.) exposes 1.6356 (38.2% Fib exp.)
Near-term resistance is at 1.6667, the December 24 high
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency […]
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Ferrari is to Formula One is like what Ant is to Dec or fish is to chips, you can’t have one without the other. Being the only team to have competed in every World Championship since the Formula’s inception the team remain the most recognisable brand on the grid, therefore the Ferrari car launch is always a defining moment […]
