Reading Time: 2 minutesWill the dow make another all-time high? As a new month begins and the DJIA being less than 3% from another record high in less than 3 years. The DJIA closed at 28,645 yesterday from an incredible low of 18,213 at the end of March 2020. This is not a normal market. Seeing traders taunting[More…]
Reading Time: < 1 minuteLook at this #expandingtriangle pattern here formed in the #dx (dollar index) from 6/10- 6/30. ?Wave A = Zigzag?Wave B = Zigzag?Wave C = Is usually more complex than the other waves.?Wave D = Zigzag but also gives the look of an impulse wave.?Wave E = In rare cases take the form of a triangle pattern itself. A triangle[More…]
Reading Time: < 1 minuteThe broad market #djia still in a correction? Will the spike or some other event causing another sharp down wave in the coming/weeks month? A five-wave down in Wave A. is a good indication that the correction is not over. Wave B is the sucker play, pump fake, bull traps, make you feel the market[More…]
Reading Time: < 1 minuteThe charts show that we are at an important juncture in all major markets; #Gold, #DJIA, #DXY, #EURUSD just to name a few. The market may be ready to take a turn for better or worst, depending on your stance in the market bullish or bearish. When the three-wave move is complete; does it mean[More…]
Reading Time: < 1 minuteDeceptive in its moves, The Expanded Flat Pattern’s push to a new low (in which at first glance) appears to be a break-out to the downside from a triangle pattern. The triangle pattern is legit; It’s just that it has formed in Wave (B) of ((B)). Some call this a false break-out, while it never[More…]
Reading Time: 2 minutesWhen a correction is in play, all you can do is wait it out. We sometimes get caught up in trying to predict or forecast. The funny around Instagram is that new traders want to be right all the time but experienced traders want to make money. Everybody wants to make money, though. For me;[More…]
Reading Time: 2 minutesWithin the $EUR/USD. The pattern that I’ve been tracking for about a month The $EUR/USD. About a month-long cumbersome Expanded Flat, a roller coaster ride to say the least. Right before giving up, the pattern unveils itself. In difficult times of uncertainty, you may have to step away and let the pattern form. You can’t[More…]
Reading Time: 2 minutesAs we make a new low on 04/23/20. The #USDCAD began to hit support with a huge push back to the upside on the 360-minute chart. The candle closed more than ¼ of the previous (long drop) candle. By the very next day, we had already reached a high looking at a potential doji. Now[More…]
Reading Time: 2 minutesGBP/JPY Ending Diagonal – One of the Most Reliable Trading Patterns What’s up traders! 🚀 In today’s Short Learn, we’re diving into a powerful setup on GBP/JPY—the Ending Diagonal, also known in traditional technical analysis as a Rising Wedge pattern. When analyzed correctly, this formation stands out as one of the most reliable trading patterns[More…]
