an interesting thing I have noticed on Gold.
after each and every bear impulse that we have recently seen,
pullback lasts until 618 retracement of an impulse leg.
how it can help us?
if the market continues following this rule,
we will see bearish continuation and new lower low.
with 1260 target level.
I have classified the current downturn as a Primary wave 2. This should be an ABC corrective wave. These waves last half the length of time that Primary wave 1 did. All my acquired data dates back to 1932 where I believe our current market Grand Supercycle run began.
Based on primary wave 1 lasting 86 days, wave 2 could last around 43 trading days from May 1,...
Hi Friends !sharing with you their trade statistics according to the strategy "Scalping About" Binary Options for 20.06
on Wednesday, I started trading after lunch using two currency pairs EUR-USD and GBP-USD timeframe 5M trading time from 13.00 to 18: 00 time zone +7 UTC for analysis
today, GBP-USD pair worked particularly well in less than 4 hours of trading...
gold is now trading inside a falling parallel channel!
1290 area is the first demand zone!
as soon as bulls come into play we will see a bullish violation of a flag.
for us, it will be a signal to buy.
$TSLA Tesla has fallen out of a two year range to the downside. Close today was the lowest since January 2017. Expecting further downside and fresh lows in the near term.
Bearish options bet today - $20M worth of $400/$375 strike (very deep ITM) June puts traded. The very high per contract premium looks like a hedge fund bet ($13k-$16k per contract).
$GPRO Back below 200d ema line, headed lower near term.
Bearish options bet today - 25k $8.00 strike (deep ITM) July puts traded today for total premium of $5.6M vs OI of less than 150
Medium term target - $4.00-$5.00 range by early July
A double bottom with an upside divergence in the MACD is taking shape. might be tad early but TBT is the leveraged ETF on the 20 year Treasury. Bought 10 contracts of the 33.5 puts expiring MAY 24 AT .09C BIT SPECULATIVE WE'LL SEE.
Trend is bearish.
The market is trading inside a trading range (1287-1267).
After it touched 1267 on Friday, we see good bullish impulse.
Most likely the market will reach the resistance level of the trading range -1287. (preferably, 1285)
It will be a perfect level to sell.
on this chart I want to show you a decent example of a "volume divergence".
as you see the market is in a clear bullish movement and approaches the all-time market high.
analyzing the volumes you can notice very weak green volumes during bullish days
and rising selling volumes during NOT VOLATILE bearish...