BenGreen264

BenGreen264

3 waves?

BenGreen264

We broke out of the sharper downtrend in 2016 but were not able to break out of the downtrend from 2011 and 2012 highs (runs close to the .5 fib fan trend). Moreover, the fibonacci fan .382 trend line is unbroken.... a long way to go to break that. The long term uptrend though, is coming to the rescue and combines with this downtrend to form a wedge, which will...

BenGreen264 Updated 

Hi guys, looking at UJ Im feeling it's very mixed. Everything depends on what people say about rate hikes. In any case, what swings it for me is that UST10 has broken upwards this week and it could find some strength here. Anyway, I may be biased here because of my long term view of short Gold. Comments/opinions are welcome. Note I am not long in this, I'm...

BenGreen264 Updated 

I'm not a professional. This is a hobby for me. I am publishing these to keep a record of my thinking and to get constructive criticism. Take what I say with a pinch of salt please. That said, we shouldn't see anything above 1220. That was where the bulls were defeated, on the highest volumes since the election. In my view, the war is lost, if 1195 goes, then...

BenGreen264

A wise man once said to me "tou bara kamchor insan hai" - I can only be bothered to look at a 3m chart - anything else is WAY too much work! On a 3m chart it's as easy to see as ABC. We are heading for a straightforward 50% retracement of an A wave that began, well let's get to that. The 50% retracement comes in at... I don't even want to say it... ~$1013. But...