Plus USD index has reversed...and hasn't moved much... infact nothing but gold and silver have moved dramatically!

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lets see have to switch back to the old targets of 1300 and 1293 to hold for the time being... Its on the 61/8 retracement level right now!

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An epic pinbar... News in 5 mins

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Thank you Don! I actually took profit on tp2; still have one target left for tp3 (*also one should constantly remind themselves of not getting greedy*) I am going to see how price plays out at this support area... Might see it consolidate or retrace ...

US Crude Oil with smart VSA and Dark Seasons [only]

Update to the pattern... I realized the first one was actually wrong (as I did it in a hurry). Lets see if this pattern holds; if it doesn't then it might turn into a triple abc flat... ( a pattern similar to the recent usdcad breakout that occurred) ...

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Good points...! ...and should all be kept in the backdrop. The way I am seeing this is U.S recovery (which includes possibility of rate hikes) vs (all the points above & eurozone "possible" recession) = Anybody willing to quantify the above ...

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This trade (july 17th) has so far worked out so beautifully... i don't feel like taking profit on tp2... Going to put a trailing stop! *Patience pays*

US Crude Oil with smart VSA and Dark Seasons [only]

Thats a elliottwave 4th wave triangle pattern...

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Gold possible abcde on 4 hr chart before a bullish run as long as D top (1315.2) holds... url url *This count can also be looked at as a flat (abc) with a triangle BC...doing that would increase the count on the waves and might change the shape ...

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1 hr or lower

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possible bullish abcde triangle; where e final support at 1305 support area...

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Big possibility for 1380 to be hit on the first impulse...if you take into account the larger fib ext values... when I quote prices I refer to "candle closes" on the larger time frames; so it is possible that price could go to 1290 but It should ...

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After my last corrective count was invalidated; it now seems that a bullish impulse wave is in process. We are right now at the start of the 3rd impulse wave which should take price to 1340-60 region. Note: 1293-95 must hold for this count to remain ...

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Please be careful there may be more downside... I will only long after a clear close above 1314-16. Price has only rebounded on 38.2% fib level; plus markets are up and oil is down! url

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Glad to see those elliottwaves Best of luck

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Thanks (although it would be way better to see target(s) hit ... Yes I agree; after this upsurge... I do also think we will see more upside in the coming days and weeks...but the markets do need to correct a little! good luck!

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Exactly that whole area is a little obscure... we can also view that minor wave 1 as part of wave 2 correction (flat) where the top of minor wave 1 is labeled as (B).... and if that is the case then we have not seen a zigzag; implying that this is ...

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That would be ideal now wouldn't it... I was actually searching for 1260-70 levels prior to this move up. I really don't know if we will see those numbers now; although a potential cypher/or gartley pattern as I think aetnerum rightly pointed out ...

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This chart makes much much more sense to me... I agree with it! How are you seeing the first major corrective wave II (flat, triangle or zigzag?) That is the only troubling thing to me (as per rules of alternation); as there doesn't seem a ...

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The pinbar on the hourly...High probability reversal candle setup! url

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