Gold Chart!!

[wordlife05 10]

Hi

Have a look at Gold Weekly!!

Edited June 14, 2009 by wordlife05

[wordlife05 10]

Gold Daily chart shows head and shoulder pattern with break of Neckline.

[wordlife05 10]

Hi

Have a look at Gold Weekly!!Bearish ABC??

[suriNotes 11]

Here are two charts of Gold...

 

1. Inv. H&S Chart (LT?) with Bullish ABC & Targets (from Jun. 5th)

2. Current ABC Bearish Pattern with Price/Time Cycle

 

Regards,

Suri

 

 

[taq 10]

Hello Suri sir,

 

I read your interview regarding dragon pattern I have one doubt regarding the two legs

you mentioned it has to be in 5 to 10% range

It has to be in this range (5% is the minimum criteria)?

& also does it applicable to all timeframe like in 240-min & above?

 

I am uploading Gold 240 min chart does the Dragon pattern is correct?

 

[suriNotes 11]

Hi Taq,

 

Yes, it is a Inverse Dragon setup. Thanks for posting 240m chart.

No need to have 5% minimum for the Dragon legs. Dragon setup

is one of the variation of Double Tops/Bottoms. Very rarely

DT and DB's have perfect bottoms/tops.

 

Here is another take on the same @ZG 240m chart. It is

Trader Vic's 2B Top (Irregular Top/Bottom) with

Entry/Stop/Targets.

 

Regards,

Suri

[taq 10]

thanks for the chart

 

how you calculate target 2 & 3 in 2B patterns?

 

Also can you suggest some readings for time analysis & projections.

[suriNotes 11]

Hi Taq,

 

Thank you for your post.

 

2B Targets are prior Swing Lows/Highs before the pattern

emerged and its distance ratios.

 

To my knowledge books from Scott Carney, Carolyn Borden,

Robert Miner, Larry Pesavento and Bryce Gilmore offered

timing analysis/projections theories. There may be others and

if I remember I will post again.

 

Regards,

Suri

[wordlife05 10]

Hi Suri Sir

Thanks for the wonderful insight on Price Time projection on charts.

 

 

Regards

Vishal

[wordlife05 10]

Hi Suri Sir

Head and Shoulder target??

 

 

Regards

Vishal

[suriNotes 11]

Hi Vishal,

 

Thank you for your post.

 

In H&S pattern, the target is obtained by subtracting the height of the head from the neckline.

The height of the head is the vertical distance between the neckline to the top of the head.

 

 

Eventhough, small H&S (small width/height) are viable patterns,

very rarely they materialize full and may be difficult to detect.

I would look for H&S patterns with atleast 8 number of bars in each

of the shoulder with a minimum of 2 pivot strength.

 

 

Regards,

Suri

[taq 10]

 

In H&S pattern, the target is obtained by subtracting the height of the head from the neckline.

The height of the head is the vertical distance between the neckline to the top of the head.

 

Regards,

Suri

 

do yoy consider only straight neckline or upto some angle (<=30 degree)?

& how you calculate tgts for those H&S?

 

I don't know maybe this week will be all about H&S only every major currency pair is making or already made one in 240-min chart.

[wordlife05 10]

Hi

All Patterns!!

 

Regards

Vishal

[wordlife05 10]

hi

Gold reversal??Gold has bounced back from 61.8 fib levels.

 

Regards

Vishal

[suriNotes 11]

hi

Gold reversal??Gold has bounced back from 61.8 fib levels.

 

Regards

Vishal

 

 

 

Hi Vishal,

 

Here is Gold's Chart with Price/Time Cycles.

 

Regards,

Suri

 

 

[wordlife05 10]

Hi Suri Sir

 

Thanks for your post regarding Gold price time projection.Here is another chart of Copper 240 min showing Bearish Gartley Pattern.Sir whats your view on Bearish Gartley patterns.

 

Regards

Vishal

[wordlife05 10]

Hi Suri Sir

 

Pls ignore the previous post.Thanks for your post regarding Gold price time projection.Here is another chart of Copper 240 min showing Bearish Gartley Pattern(AB=0.618 XA).Sir whats your view on Bearish Gartley patterns.

 

Regards

Vishal

[suriNotes 11]

Hi Suri Sir

 

Pls ignore the previous post.Thanks for your post regarding Gold price time projection.Here is another chart of Copper 240 min showing Bearish Gartley Pattern(AB=0.618 XA).Sir whats your view on Bearish Gartley patterns.

 

Regards

Vishal

 

Hi Vishal,

 

Thanks for your post....

 

Bearish Gartley patterns are very powerful patterns in the rising markets. They do signal end of the rising trend. But all X5 patterns (Gartley, Butterfly, Bat and Crab) have just about 50-60% success. I think market context is the key on how to trade them.

 

X5 patterns form in Two types --- Retracement and Expansion patterns. The 'D' point in the pattern determines which type of pattern it may be forming. If 'D' is inside the 'XA' swing, then it is Retracement pattern (Gartley and Butterfly). If 'D' is outside the 'XA' swing, then it is Expansion pattern (Bat and Butterfly). Within Expansion patterns, if the central point 'B' is less than 0.618 of XA then it is 'Crab' pattern and if 'B' is greater than 0.618 of XA then it is 'Butterfly' pattern. Although these precise ratios are never achieved in the patterns, perfect Butterfly requires 0.786 of XA Swing. Pl. refer to Scott Carney's books for all the other rules.

 

In the Copper 240m chart, you posted, 'D' is outside the 'XA' swing and hence it is an expansion pattern. Also, 'B' is about 0.7 of XA, hence it is a 'Bearish Butterfly' Pattern.

 

Here are the Copper's 240m and Copper's Daily Chart. They both are Bearish Butterfly patterns. I marked the potential Butterfly targets with Time-Cycles.

 

 

Regards,

Suri

 

 

[wordlife05 10]

Hi Everybody

Symmetric Triangle Formation in Gold Daily!!

 

Regards

Vishal

[suriNotes 11]

Hi Vishal,

 

Thanks for your post.

I do see Symmetric Triangle.

 

Also, see ABC pattern with Time Cycle projections (based on 3/4th cycle)

and Inv. H&S Pattern (from June).

 

Regards,

Suri

 

 

[wordlife05 10]

Hi Suri Sir

 

Thanks for your post.

Crude daily chart shows Ascending Triangle Formation.

 

Regards

Vishal

[suriNotes 11]

Hi Vishal,

 

Thanks for your post.

Here is Gold Chart with potential breakout and

Price/Time Projections.

 

Regards,

Suri

 

[suriNotes 11]

Gold Price/Time Cycle Projections update...

 

Regards,

Suri

 

[wordlife05 10]

Hi Suri Sir

Thanks for your post.

Gold 4 hours charts seems to be forming a Rising Wegde pattern.Sir what is the reliability of Rising Wedge patterns(Bullish and Bearish market conditions) and how to trade them and calculate the targets.

 

Regards

Vishal

[taq 10]

Hi Suri Sir hello vishal

 

Gold Daily is looks like can go uptp 1030-35 zone but Silver Daily is made bearish butterfly pattern I am looking for tgts 14.70 & 13.80

 

let us see how it will unfold ?

 

Regards,

TAQ