jasperlawler

jasperlawler

1. Previous ATH at $60,000 in 2021 formed a double top. 2. Support ~$30,000 broke. 3. Bottom in late 2022 after a bullish RSI divergence. 4. 50% retracement at $30,000 (support-turned-resistance) 5. The 61.8% Fibonacci retracement matched RSI overbought at 70. 6. Price fully retraced 100% of its decline to hit a new ATH. 7. 161.8% Fibonacci extension has objective...

jasperlawler

We all know the UK needs more houses, and that the ones already built are waaay unaffordable. The scramble to move house in 2021 corresponded with a big rally for building and construction stocks in 2021, admittedly alongside a lot of other parts of the UK stock market. That rally retraced by exactly 61.8% (Fibonacci) in 2022 and STOPPED FALLING. Since then its...

jasperlawler

If the double top on the weekly chart is going to hold, then there should be a good amount more downside in USD/JPY. If it doesn't - we'll exit this trade. 149 was a key breakdown area - in case of a rebound we can enter short. A close above 149 probably nullifies this trade. 145 is the key target.

jasperlawler

Just under 42K in BTCUSD is the 50% Fib of the entire drop from record highs to the 2022 low. It is also the objective from the recent triangle breakout. Note: this is very counter momentum - which are usually works out pretty quickly - either in profit or loss! Also - the triangle is probably part of a bull pennant in which case the upside objective is more like 49K.

jasperlawler Updated 

Brent crude oil looks to have made the 1st leg lower in a new long term downtrend Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short

jasperlawler Updated 

It was a big leg down from July - Sept - so some attempt at selling a retracement makes sense - probably in the pocket between the 50% and 61.8% Fib levels. Trade: Sell a bounce into 1.27 down towards 1.24, cut losses above the 61.8% Fib

jasperlawler Updated 

It's a pretty clear long-term horizontal range in gold. The break of a downtrend line suggests another test of the range top. Here is a bullish scenario for what follows. The Trade- enter at the breakout, add more on the pullback, cut losses if price moves back into the range or add more on the break of the high formed after the break - then ride it to 2200 and more...

jasperlawler

EURCHF looks like its T-ing up a long term trend reversal after a double bottom and downtrend line break on the daily candle chart. Trade idea = wait for next 2+ day pullback into 0.955-0.96 zone. Cut losses at 0.95 and get long again if/when Swing high gets taken out.

jasperlawler

Crude rounding out and putting in a bottom ? Technicals - $76 is the old peak from 2018 before the crash into -ve territory in 2020. Price has fallen heavily from the highs, looks due a bounce Fundamentals - Bullish arguments include China's economy coming back from zero covid, inflation lower but still high, US recession risk priced in

jasperlawler

Interesting moment for the buck. Technicals - the leg down from 14-year highs has been fast-moving and now looks oversold. We've just nabbed the 50% Fibonacci retracement. A move back over the twin peaks could confirm a lot more upside Fundamentals - Expectations for a Fed pivot combined with a 'soft landing' in the economy have sent the dollar tumbling alongside...

jasperlawler Updated 

News shows Putin's party probably won parliamentary elections in Russia The Russian MICEX index rallied from 200K at the bottom (March 2020) to over 400K (Sept 2021). The index put in a small bearish shooting star last week. Confirmation would be if it broke the rising uptrend connecting lows of past few months

jasperlawler Updated 

The bearish combination of a possible double top and broken rising trendline suggests GBP/USD will test the neckline of the pattern. If the double top completes, the price objective is 1.3120

jasperlawler

The monthly chart of Brent crude oil is breaking out from a downtrend line that began at the 2008 peak. Is this the beginning of a multi-year uptrend in oil ?

jasperlawler

The DJIA just broke an uptrend line that's been in place for over 6 months and most of 2021.

jasperlawler

A look at the following downtrend in the AUD/USD currency pair shows 3x 300-pip swings that start and end close to round numbers. The swings in the price sometimes stop almost perfectly at the round numbers, but sometimes they fall just short or runover them before reversing. Which one happens doesn’t matter for the purposes of a swing trader. If you are...

jasperlawler

XAG/USD dropped alongside XAU in June but the price is consolidating rather than falling off a cliff. Is this accumulation before the next big rally?

jasperlawler

USD/JPY is in the midst of a possibly very meaningful breakout - scratching a possible double top - and continuing to move higher after breaking a 4-year down-sloping channel. The implication is a new long term uptrend

jasperlawler

Bitcoin is moving below $30k and to new monthly lows after a death cross. What is the death cross? its the 5 day moving average crossing below the 200 day moving average. It suggests the longer term trend has turned bearish.