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Gann Box

Broad market analysis FX Indices Commodities Crypto. 12 May 2019- Indices - Generally trending down, bulls keep buying dips and price recovers, but to lower highs. Maybe they end up vomitting it all at once and we see a huge red candle. Or maybe more buyers FOMO in. Don't they have to sell to go on holidays soon? - FX Majors - Going to do some research and backtesting on EURUSD USDJPY GBPUSD USDCAD USDCHF EURJPY. Not much to do otherwise. Maybe USDJPY is at support and going to bounce? USDCHF this happens all the time. The top support broke and the price is now hesitantly hanging on. Go check Tesla for another live example. EURJPY is downtrending. Might be interesting. Might not. - Commodities - Gold tightening in a daily inside bar. Going to break and move to where I want it or fake break and move later :) Soybean futures that canonball could break multi year low like it is nothing I bought anyway, I like to live dangerously. Copper still keeping an eye... - Crypto currencies - Bitcoin - all in the chart. So yes, I know I deactivated TV grid lines just to make my own, it is on purpose. Trading view grids keep changing when I zoom in and out. I want to control everything. Welcome to self-fulfilling prophecy "last time they said" & "duh it looks the same": Don't have a huge sample size to work with on BTC, but will assume it works "normally" or "logically" even with all the FOMO ignorant money in it. Alts well yeah, they did not produce a bottom (double bottom at least) they bounced and went higher. My conditions were not met. No entry. - FX Minors - Bought GBPAUD, not interested in anything else. Actions: Indices do nothing. Currencies keep an eye on USDJPY USDCHF EURJPY, do some research on the core majors. Commodities got nothing to do right now. Bitcoin look for short C wave end probably V shape reversal
COMEX:HG1!
by MrRenev
Healthy consolidation for ZYNEIt would seem that ZYNE got a bit ahead of itself. We were very extended on 26, 29 and 30 April, and finally saw some healthy consolidation with an initial 5% pull back. SPY was making ripples yesterday, and probably added much to panic reaction, more than 20% down. I bought that dip with much gratitude, and relished when buying pressure forced her back up to $11.40. If we assume that the recent high of $13.06 marks the end of this cycle, we'll probably see some lower highs and lower lows/higher lows, leading the price back to the 45 degree line, most likely keeping the range roughly between $10 and $12 for now. On the other hand, if bulls break the $13 price resistance, we'll see another leg up. Perhaps that is why we always say "levels on watch". I expect the 45 degree trend line to be strong, as it has been 'touched' 3 times. Keep in mind that ZYNE is only just starting on its rebound journey upward. If you think you've missed it, I think you're wrong. I think the entry is now, with targets of $15 within weeks, and $25 and $36 within the next 6 to 8 months. What we're hoping to see from ZYNE, is a great Phase 3 trial results, and for the broader market, the legalisation of CBD as an additive, etc. so that Zynerba can start marketing its wide range of unique patents. When that bit is behind us, CBD legalisation in the European Union is next. Also for GWPH, btw. Safe trading, everybody!
Z
by Barkworth