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Smart Money Divergence

This is just a small preview from my latest article, if you wish to read the entire article please follow the link: Smart Money Divergence
Since we already outlined the core principles of SM divergence it's time to look at the most recent price action and look at:
  • Who is behind the market moves;
  • How to use USDX to qualify setups;
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Aussie Final Stage of Correction

Hi guys today I wanna share with you a trade pattern idea that I've posted in Technical Analysis Contest you can find the original post here: Aussie Final Stage of Correction
Since beginning of last year aussie has completed a five wave cycle to the downside and right now is correcting that cycle which is still in the earlier stage as we only manage to complete wave A, we need wave B to go at least to 50% fib retracement of wave A but at the same time it can go as low as previous swing low but w…
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Giorgio3 avatar
Giorgio3 5 6月

High Great article - very nicely done !!!

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Aussie Final Stage of Correction

Since beginning of last year aussie has completed a five wave cycle to the downside and right now is correcting that cycle which is still in the earlier stage as we only manage to complete wave A, we need wave B to go at least to 50% fib retracement of wave A but at the same time it can go as low as previous swing low but without breaking that point in order for our analysis to be correct.
In Figure 1 is the AUD/USD daily chart which shows the Elliott Wave count and future projections. Right now…
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Update 1: Aussie has been following this prediction to the pip we already sold of and we should see now price consolidating between 0.9200-0.9300 in the coming months as the Gold Fractal is suggesting

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Update 2: The current rally is just wave x of a much larger correction WXY. Based on Elliot wave we should expect further consolidation between 0.9400 and 0.9200 as the 1 month implied volatility is hitting new lows  we should see the range getting tighter.

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Update 3: It seems we where right from previous update as 0.9400 has acted as strong resistance and now we are heading to develop the final price structure of this correction. Wave X has ended at 0.9430 and now we must develop a flat or a 3 wave down movement. We need a break and a close below 0.9300 strong support level before any downside pressure to persist.

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Update 4: the reaction we have seen from 0.9300 level is a corrective move based on price structure and we should see momentum start piking up to the downside from here on as we couldn't broke previous swing high at 0.9430 which suggest this upside move is very weak.

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Gold - Next Move

I've been quite busy and on tight schedule lately and I barely could have time to update my blog but I'm Back!
Since Gold has been keep pressing to the upside I just want to make an update to my previous remarks about gold which you can read here: Gold Outlook
Since the risk aversion kicked in with the Ukraine crisis not only that I've been watching very careful what gold is doing but I've been trading it very actively. Right now I think that gold has already started for a big upside leg that ca…
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Maria_r avatar
Maria_r 13 3月

wow))

Daytrader21 avatar

You don't have the right to say "WOW", only I can say WOW to your photos:))

DaytradeMillionaire avatar

I like your analysis especially since my TP is set almost exactly the first target ;)

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DaytradeMillionaire lets hope we can make some profits on this one:)

jezz avatar
jezz 23 3月

1390 and facepalm? :P

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