yin888

yin888 Updated 

Broadening structure. Price closed with strong bearish momentum outside of structure on Friday. Much more downside to come. I see a drop of more than 50% of current price.

yin888

Deceleration in bullish momentum, low volatility, ascending wedge and a pop down. Oil to fall to $30.

yin888 Updated 

Price is at major resistance level and showed an indecisive weekly candle last week. Furthermore, a potential H&S pattern is forming and a break of neckline could speed up the decline.

yin888

We have an impulse wave down, corrective wave up slowly which is exactly what I want to see. Price then stalled at the 50 fib level and we now have a H&S pattern in play. It is evident that 10700 - 10800 offers strong resistance as price has tested and rejected multiple times. A break of ascending trendline would accelerate any sort of downfall to come. With fear...

yin888 Updated 

A Head and Shoulders pattern on the H4 timeframe. Price has shifted from a bullish momentum to a bearish momentum and I will be looking to ride the move down should there be a retest to resistance area. This trade warrants more than a 1:7 risk to reward ratio and I see price hitting below 129 some time next week.

yin888 Updated 

Price broke out of the descending trendline on Friday, 10 April. However, we did not have any push to the upside. This was proof of low liquidity as banks are closed due to a Public Holiday. (Don't panic!) What I'll be looking out for here next week is any potential bullish signal for me to enter long on this trade and ride the next wave of impulse move up. It...

yin888 Updated 

I'll be looking for a pullback to channel support where it coincides with 38.2 fib level for a potential long trade. This warrants a 1:4 risk-to-reward trade. I would like to see a retest and a bounce off fib level / horizontal support / parallel support. This added confluence will make this a high probability trade.

yin888 Updated 

Just when everyone thought "market is back to normal", "we're back for another bull run".. Watch... Someone taught me this: "Be fearful when others are greedy. Be greedy when others are fearful." I see Dow going below 15k before end 2021. Remember, every big share market correction has averaged 50% falls. That leaves 15,000 very very possible in the coming...

yin888 Updated 

Bottom formation looks solid. Wait for a change in momentum before going long

yin888 Updated 

Break out of triple bottom with momentum. Wait for a possible re-test before going long

yin888

Big few weeks ahead for Oil. I'm on the bullish side of things.

yin888 Updated 

Gold could switch to bearish mode in time to come. Possibly a drop to 1350 before resuming any major bullish run higher.

yin888 Updated 

A lovely triangle squeeze here. Patience needed as these types of pattern last till the very end. Manage your risk properly, smaller size and wider stoploss is most ideal here. Enter on the re-test of breakout. If there isn't any, trade would be invalidated.

yin888 Updated 

Many accounts were definitely blown trying to go Long along the way. As usual, one best advice to always keep by you is "To never catch a falling knife". Is it time to go LONG? Not yet. Tuesday's candle did indeed close as a bullish candle but no follow up was made. Two consecutive day of losses followed and maybe even a third. Sitting on weekly trendline, this is...

yin888 Updated 

Possible H&S pattern. If an equal measurement of the chart pattern does indeed play out, 600 pips are up for grab.

yin888 Updated 

Price has come to a key level for a potential move to the downside.

yin888

SImilar to GBPAUD, EURAUD downside is looking very lucrative with price seemingly rejecting resistance level on Daily chart.

yin888 Updated 

Price is currently at resistance area as well as middle line of parallel channel. I expect a pullback to 3.15-3.165 before another run to previous swing high at 3.23 and also a rally to 3.50 possibly to come.