KVE

KVE

Profit taking at the 20.00 level which is evident since we doubled from the 10.00 low... I think it could be retracing some more now, possibly go as low as 15 at the support and possibly re-test the broken trendline and then back up again...

KVE

Close to the all-time high, RSI highly oversold but weeklly still room to the upside. Could be wave 3 so high could be taken out in the end. For now I think it needs a little relief and maybe we will close the gap when it retraces... Possible short at 134 with tight SL and target around 122... Weekly: Still bullish Daily: Possible retracement to come...

KVE Updated 

Technically the C is low is over 1.41 but now close of candle so we can debate about the validity. Take it or don't, judge by your own rules... Don't rush in either, choose your entry on lower TF setups so you limit your risk... Levels around 44 and 38 are the down targets...

KVE Updated 

Looks like textbook EW...: short wave 1 with sharp zigzag, extended wave 3 and now rather flat looking wave 4 correction...? Target for getting long again anywhere between 86 and 84 I would think..., Maybe re-test of broken trendline... Such a long wave 3 usually means rather short wave 5, sometimes closely related to length of wave 1 but internal wave structure...

KVE Updated 

Anyone who thought the gap up was a breakout and jumped in long got fooled... I went and closed the gap but closed yesterday because I also thought we would either get to the 0.618 or the 0.786, I should have kept part of that short open, damn... Anyway, I think we will now just continue further down, we have strong support at 0.83-0.84 with a possible...

KVE Updated 

We may have left the bottom behind us... Very large bullish candle after Theresa May's speech earlier today. Another strong reaction at 120 and no lower low means we could be in a wave 3 now... First hurdle: down trendline, then the S/R zone and if that breaks and holds we have a higher high... Keep an eye on the bat pattern in the coming weeks/months...

KVE Updated 

Theresa did her best to give the FTSE some relief... We have a maximum butterfly which got a little overextended... I'm not the one to just rush in but I think it's good to get short on retracements now... Targets are 7099 and 6938, EMA55 is now around 7000 so I think we should at least get to around that level..., lower BB will be moving up also, keep an eye on...

KVE Updated 

Sell-off acceleration today, could continue for a bit (1 or 2 strong bearish candles could follow...) so be careful... EMA55 breaking as we speak. Switch to lower TF's to watch the reaction or spot ending structures, divergence or whatever sign of possible retracement/reversal to come at either of the 2 levels I depicted. Stoch highly oversold, RSI pointing down...

KVE Updated 

Possible wave count and harmonic structures... USD or CAD, which one is stronger...? Biased short...

KVE Updated 

EURO may have finished 5 waves down and is going up but I'm not confident yet to go long... Maybe we will see a quasimodo pattern developing so I think maybe we will have another move down to that 1.05 level... Point of reversal could be at any of the levels indicated. I drew 2 cyphers, one of them discounting the spike so choose wisely... I will just seek...

KVE Updated 

On lower TF it seems we completed 5 waves..., but on this TF it seems that those 5 waves might have only been a larger degree wave 3 leaving wave 4 (which we might be in now) and another bearish wave 5 following after that... Where cuold wave 4 end (if it is in fact a wave 4...)? Based on this TF I'd say most likely at the MA/down channel confluence. On the daily...

KVE Updated 

Between here and say 1250 (also based on weekly chart) I think we will see a retracement coming up... Possible phased short entry from here all the way to 1265 for those who believe we will retest the last low...

KVE Updated 

Based on this TF the ares around 1250 is to be watched, next will be the upper BB boundary. Reversal or retracement of current uptrend could be something for next week or the week after. MACD histogram possibly has another 2-4 weeks before we get to zero... Smaller retracements or to better pinpoint possible point of reversal/retracement to be looked for on...

KVE Updated 

I initially bought the 100 level but let go of the position when we first hit 105 mainly because I didn't want to loose any profits with the US elections at that stage... I didn't manage to re-enter though before 113 since all the time I was hoping for a new short opportunity, which didn't come as we know now... I do think now that a retracement is long overdue...

KVE Updated 

Wave 3 target met, see previus idea. MACD making higher bars still but RSI extremely overbought... Might continue up a bit to touch 20000 or overshoot it... May only be a wave 4 retracement if the count is correct... Phased short entry from here: 19750 - 20000 - 20250 (AVG: 20000)

KVE Updated 

The previous short is poised to fail allthough we haven't surpassed the high yet (above which most SL's would be...) Could Trump help the DOW to 20.000 or are we just clearing SL's, re-testing the broken up channel after which we reverse again to the downside...?? Hard to say but we should see some increased volatility and some larger moves, look at the volume...

KVE

Seriously overbought, stoch turning down, RSI needs relief too I think. Trendline hit, might be the end of wave 3 so I expect a retracement is due. This possible wave 4 has more chance of manifesting as a flat or triangle correction since wave 2 was a sharp zigzag correction. Long target of previous idea was reached, this was also TP1 of the large weekly bullish bat!

KVE Updated 

Also see the daily chart I just published, possible small short opportunity based on the weekly BB and Cypher but I wouldn't put too much faith in it if looking for the big moves... As one can see here the main target for longs lies around 85-86...