This Coffee chart is a great example how the median line (center line) acts like a magnet to attract price. How the market reacts to this line can be a very good indicator of future price action. A market that reaches the line quickly and with a wide range day will typically reverse at the line.… read more
Tag Archives: market timing
Reversal dates for the week of March 29 – April 2
Monday – Soy meal, RBOB gas, Gold, Coffee Tuesday – Wheat, T-Notes, S&P, Dollar index Wednesday – Thursday – Hogs, Crude oil, Heating oil Friday – Corn, Cocoa… read more
Heating oil confirms TR sell pattern with new time and price objectives. [chart]
May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more
Is Silver poised for another fall? [chart]
Silver has completed a 5-wave continution pattern that may mark the center of the longer-term downward cycle. The market is currently forming a bearish TR swing pattern and has retested the downward sloping parallel line as well as the 20- day SMA. A confirmation of the pattern will trigger the next downward slide to the… read more
Possible bullish TR swing pattern forming in Soybeans [chart]
Soybeans touched the ascending median line objective on March 22. The market stopped at the median line and posted two consecutive lower closes as it pulled back to the 20-day SMA. This is a possible bullish TR pattern forming inside the prior market swing. A trade above $9.76 1/2 would confirm the pattern and trigger… read more
Short Yen swing trade has reached the median line target objective.[chart]
The sell recommendation made in the March 24, issue of the Traders Market Views was triggered at 1.1019 in the overnight session. The market has contnued to trade lower under heavy pressure and has reached the descending median line target objective at 1.0879. This is the initial target objective and typically offers support after a… read more
Swing trading opportunity setting up for Swiss franc [chart]
June Swiss franc – The Swiss franc is beginning to exhibit a show of strength on speculation that the central bank will begin relaxing a year-old policy of selling the currency to curb its strength. The market has formed a bullish reaction swing with a retest of the 20-day SMA on Monday. This is a… read more
Update on 3/8 post about April Gold. [chart]
On March 8, I posted a blog about the potential buy signal in the April Gold. Recently, a reader asked about the signal and wanted to know if it is still valid. I thought this was a good topic for an updated post. The Gold confirmation buy signal was never confirmed. The market had formed… read more
Cattle approaching target objective during reversal timing. [chart]
Cattle have been in a bullish trend cycle since mid-December and are approaching the long-term reaction line target objective of 97.50, projected several weeks earlier.… read more
TR swing pattern portends price advance in British pound. [chart]
The long-term bearish reaction cycle ended on the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift. Currently the market is setting… read more