lafayettej

lafayettej

When a solid trend is established with higher highs and higher lows (blue). We look for price to reverse and create a low (Doesn't have to break a low as shown on the chart). once price successfully reversed we look for it to retrace back towards the original trend, in this case, to test the high. once we see price fails to test the high we now know that the trend...

lafayettej

I marked this up yesterday but forgot to post it, after getting some premarket momentum to the downside as predicted. However I do not think the crash is happening yet, but it's obvious that the dow is losing momentum from the bull run experienced earlier in 2019.

lafayettej

After moving in the predicted direction for 54 pips price reversed rather impulsively to the upside, this made me reanalyze my count and this is my current count. Be on the lookout for the resistance level 1.3466 first set in early March. If we break and hold above that level we could be looking for a Z leg on the primary degree. I personally believe this leg will...

lafayettej

since the beginning of April Ucad has been stuck in a 104 pip range and has created confusion with my analysis. however, I believe we are looking at a stretched out flat correction starting 7th march to now so we can get our final leg up before we get the expected drop. the pattern that was developing during the month of April I identified to be a WXYXZ and will...

lafayettej

I noticed from personal observation AUDNZD respects S/R levels more than other pairs. what I'm looking, for now, is consolidation for this pair has shot up without a break and divergence on the macd is starting to show. I'm personally expecting more upside but i also except the possibility of it doing lower. will wait for a consolidation above the current...

lafayettej

Recently Ucad has been quite stubborn. Therefore I look to oil to help make sense of it. what I'm looking at is a potential wave 4 forming on both the primary and intermediate degree. I' ( looking at further upside in oil prices up to around 67.15$ per barrel (next support level).

lafayettej

I believe Ucad is set to drop a bit to make a 4th leg before continuing upwards. currently, no trade set up available as ill be looking on the 1 min timeframe for a setup

lafayettej

There have been many talks about a recession, every youtube/facebook guru and their mom was talking about it, and although the market crashed late last year it was quite uneventful to the average individual. And we got quite a bull run afterward however, I believe the actual recession hasn't hit yet. on the 22nd of March, the 10-year U.S bond yield curve became...

lafayettej Updated 

within the Elliott wave trading community the drop of UCAD was long anticipated. and when it finally came, although it was aggressive it was a bit anticlimactic. it didn't move all that much perhaps that wasn't the big move we were looking for. perhaps its on its way soon

lafayettej

with oil prices above support of 57,44 dollars a barrel, it's showing no signs of weakness soon. this means a strengthening CAD thus sending price southwards. after seeing consolidation and engulfing candle close after the impulse at the end of the flat correction this only solidifies my confidence in this move.

lafayettej

oil break previous support and will now be resistance one price starts consolidating above. this could correspond with a stronger CAD thus making a drop on USDCAD.

lafayettej

im looking for one final leg upwards before we get a big sell-off probably after brexit due date.

lafayettej

with confluence of divergence and 61% opposite market sentiment, I'm looking for a bullish engulfing candle to form before going long