Dear followers, Trying to help out with my post on how to read the charts using these tools, I am going to share and explain below two very simple but very powerful patterns of wave SIs that are all over the charts. I have named them Plutus and Plutus Reversal...
As DiNapoli traders we are always able to determine market turning points ahead of time with the help of our advanced Fibonacci analysis. Below is the monthly silver chart. Look at the cluster of Fibonacci extensions around '8'...
Pivot (invalidation): 23.80 Our preference Short positions below 23.80 with targets at 20.05 & 17.80 in extension. Alternative scenario...
Pivot (invalidation): 12.3000 Our preference Short positions below 12.3000 with targets at 11.6100 & 11.4200 in extension. Alternative scenario...
Pivot (invalidation): 1500.00 Our preference Short positions below 1500.00 with targets at 1451.00 & 1430.00 in extension. Alternative scenario...
Pivot (invalidation): 2560.00 Our preference Short positions below 2560.00 with targets at 2280.00 & 2185.00 in extension. Alternative scenario...
Pivot (invalidation): 9080.00 Our preference Short positions below 9080.00 with targets at 8270.00 & 7730.00 in extension. Alternative scenario...
Pivot (invalidation): 6.4590 Our preference Long positions above 6.4590 with targets at 6.5070 & 6.5390 in extension. Alternative scenario...
Pivot (invalidation): 0.5690 Our preference Short positions below 0.5690 with targets at 0.5490 & 0.5395 in extension. Alternative scenario...
Pivot (invalidation): 1.4510 Our preference Long positions above 1.4510 with targets at 1.4700 & 1.4780 in extension. Alternative scenario...
Pivot (invalidation): 0.9650 Our preference Long positions above 0.9650 with targets at 0.9750 & 0.9800 in extension. Alternative scenario...
Pivot (invalidation): 108.45 Our preference Long positions above 108.45 with targets at 109.80 & 110.45 in extension. Alternative scenario...
Pivot (invalidation): 1.1660 Our preference Short positions below 1.1660 with targets at 1.1440 & 1.1310 in extension. Alternative scenario...
Pivot (invalidation): 1.0935 Our preference Short positions below 1.0935 with targets at 1.0865 & 1.0830 in extension. Alternative scenario...
It is amazing how these markets can change in a week. We have massive volatility. Markets still respect yearly, quarterly and monthly Dinapoli Fibonacci levels. Let's look at strong Fibonacci support levels which may act as turning points in the long term...
As DiNapoli traders we are always able to determine market turning points ahead of time with the help of our advanced Fibonacci analysis. Below is the monthly silver chart. Look at the cluster of Fibonacci extensions around '8'...
That is the title of my previous post 17/3/2020 EURUSD THIS IS WHY IT WENT DOWN 200 PIPS -TRADING WITH WEIS WAVE WITH SPEED INDEX and this is the picture posted...
The USD remains in the lead The market conditions are still unchanged and yesterday's announced measures of the US government helps to stabilize the US economy which, of course, leads to a strong USD...
Stop Loss Should be Part of Every Day Trade Management Let’s face it – the financial markets are difficult to predict. There are so many market forces that impact the direction of a position that it’s impossible to trade successfully 100% of the time. That means losses are bound to happen...
