Price below 10ma & threatening to break out of the channel to the downside.All Trix are still above mid point but are currently falling and have broken Trix channel.If downside momentum continues look for S1 as near term price target
Bullish candlestick action,price above 34ma and trend line break.See targets on chart.
Maybe some positive pips under the Christmas tree for those longing AU. I've drawn a triangle with the corners touching significant swing points, this becomes the reference triangle. By clicking on the clone function you automatically get a triangle clone placed above the reference triangle, you repeat by clicking the clone function on the last placed clone. The...
EurJpy is in a long term uptrend, price has stayed above the 10 ma for over a year. Price is just breaking above key resistance and the Trix (5) is turning back up.RSI is in the overbought area so there could be a short term pull back. What I have shown here is a typical alignment signaling a bottom. We had a Fisher positive divergence with Trix(5) trend line...
The last 2 Goggle clone predictions worked out nicely: This time I have drawn 2 sets of horizontal clones on a monthly chart, one clone of a major high/low swing point and a set of clones of a smaller reference channel. Normally I draw a 50 % reference line in all channels. When clones are large in height it’s a good idea to draw Fibonacci retracements...
I find it quite useful to draw trend lines on a longer look back period RSI.On a longer period RSI such as I have here it's a good idea to have 2 other oversold / overbought lines, 65 & 35.You can see here that the Euro last topped at and near 2 trend lines,at the same time the RSI was close to the 65 level, also note the negative divergence between RSI point 1 &...
A slight variation of the Fisher -Trix System, . I left out the Fisher 34 so that I would have more room to show the Trix ribbon swing action & support / resistances. Trend breaks using the Trix7 work very well and often ahead of price trend line breaks, see sample farther back on this chart. On a weekly frame GBP finished the week with a bearish candle pattern...
When Trix is overextended and diverging from price and Fisher it's a sign of a top or bottom, a reliable confirmation is when Fisher forms a sharp point and turns down. Currently candlestick price action is bearish, below the 10 ma, below the .236 Fib. level and all TRIXs are pointing down. Near term price target is at trend line support, failure to hold could...
The bullish trend continues. SPY is currently above all blue averages with price close to a parallel CLONE trend line resistance. The Fisher is overextend but no bearish Fisher patterns or divergence. It will be interesting to see if history repeats itself and we get a similar Fisher topping pattern like the previous 2. The current Fisher peak could be the start...
After forming a positive diverging double bottom TLT is now above the 50 ema with a convincing bullish candle. On a weekly frame the Fisher 34 formed an inverted head & shoulder pattern. The 2 near term targets are the .236 and .382 Fib levels.This is one my favorite trend following system. Idea based on Darryl Guppy's multiple moving averages methodology. With...
High probability long set up in the EURO. We have a bullish candle pattern at bottom of BB34 and at bottom of channel. For confirmation I would like to see the RSI rise above resistance and or Stoch rise above 20. First target is the 34MA. Bullish candle pattern close above the 34MA could see the Euro reach the top of the BB34 or 1.341 level.
Since this idea worked out quite well last time I'm republishing it with the updated clones. It is interesting to note where SLV last low swing point touched , right on a clone channel boundary. Last week SLV finished with a gap up big green candle breaking the reference channel boundary and a close above the 20 ma. Current upside momentum favors the blue...
After a low swing bounce off S3 the EURO has had a nice move up.Currently it's above R1 , if it can clear R2 the next near term target is R4.
Well we have a nice little rally going on here after a positive diverging double bottom. Price is currently sitting just below the 34ma and all indicators are rising. A close above the 34ma could see Apple hit R1 near term. When entering in the financial kingdom of stocks beware of diverging wild animals. For more information and sample charts on this system...
The dual Fisher 34/100 along with the 34ma is a reliable signal system for spotting minor & major bottoms / tops and trend reversals. The basic signal: when both Fisher are above mid point trend is bullish and when both are below, trend is bearish. But like so many indicators there is a delay compared to price action. So Fisher patterns and divergences are used to...
The AUDUSD monthly and weekly trend is still bearish, however there may be a short term long signal setting up in the daily frame. All indicators are showing positive divergence and Trix lines are showing short term upside momentum with Trix 7 about to break mid point. A break above resistance could see AUD reach around .9570 near term. If up trend continues the...
This CLONING technique begins with a circle drawn around distinctive high /low swing points, then I placed a rectangle (square) with the 4 sides touching the outer circle edges. I CLONED the rectangle/circle and placed them side by side. Diagonal trend lines are drawn corner to corner of rectangles and I also placed horizontal trend lines across all mid point of...