Gold is favored ended the cycle from 8/16/2018 lows where the daily right side is up in wave ((3)) at the 9/4/2019 highs at 1557 and a pullback to correct the cycle from the 8/16/2018 wave ((2)) lows ended wave ((4)) at 1446 on 11/12/19 where the 4 hour is turning up...
The cycle in wave (W) ended at 2.0566 where the 4 hour is turning down. While below the 1.9839 highs where the hourly is turning down the pair can continue lower again to correct the cycle up from the 12/12/2018 lows...
Pivot (invalidation): 58.70 Our preference Short positions below 58.70 with targets at 57.70 & 57.20 in extension. Alternative scenario...
Pivot (invalidation): 17.6900 Our preference Long positions above 17.6900 with targets at 17.9200 & 18.0300 in extension. Alternative scenario...
Pivot (invalidation): 1546.00 Our preference Long positions above 1546.00 with targets at 1556.00 & 1562.00 in extension. Alternative scenario...
Pivot (invalidation): 3275.00 Our preference Long positions above 3275.00 with targets at 3294.00 & 3300.00 in extension. Alternative scenario...
Pivot (invalidation): 13400.00 Our preference Long positions above 13400.00 with targets at 13503.00 & 13550.00 in extension. Alternative scenario...
Pivot (invalidation): 5.8740 Our preference Long positions above 5.8740 with targets at 5.8930 & 5.9010 in extension. Alternative scenario...
Pivot (invalidation): 0.6905 Our preference Short positions below 0.6905 with targets at 0.6880 & 0.6865 in extension. Alternative scenario...
Pivot (invalidation): 1.3075 Our preference Short positions below 1.3075 with targets at 1.3045 & 1.3030 in extension. Alternative scenario...
Pivot (invalidation): 0.9690 Our preference Short positions below 0.9690 with targets at 0.9660 & 0.9640 in extension. Alternative scenario...
Pivot (invalidation): 110.10 Our preference Short positions below 110.10 with targets at 109.80 & 109.60 in extension. Alternative scenario...
Pivot (invalidation): 1.3010 Our preference Long positions above 1.3010 with targets at 1.3035 & 1.3050 in extension. Alternative scenario...
Pivot (invalidation): 1.1120 Our preference Long positions above 1.1120 with targets at 1.1135 & 1.1145 in extension. Alternative scenario...
The pair ended a cycle in wave (1) at .8276 where the 4 is turning up. While above the .8421 lows where the hourly right side is up it can see a bounce correct the cycle from the .9331 highs from 8/12/2019 where the daily is turning down...
Crude is favored ended correcting the cycle up from the 12/24/2018 lows at 51.05 on 10/3/19 where the 4 hour is turning up. The wave (1) cycle from the 10/3/19 lows has ended at 65.68 and while a bounce fails below there expect another swing lower to correct the cycle from the 10/3/19 lows...
CURRENCY STRENGTH OVERVIEW TODAY CHF continues to be bullish in most timeframes. Make now attention it is overbought in lower timeframes (yellow color for currency strength), pullbacks are likely...
Pivot (invalidation): 58.65 Our preference Short positions below 58.65 with targets at 57.70 & 57.20 in extension. Alternative scenario...
Pivot (invalidation): 13509.00 Our preference Short positions below 13509.00 with targets at 13320.00 & 13273.00 in extension. Alternative scenario...
