Thursday, June 21, 2018

Dashboard Dailies (daily closing basis)

Daily Time Frame Trading

AEX @ 554,97 (AEX Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bullish Trend Channel ( Target 650).
Shorter Term: Correction within channel.
Trade Position: Long (small position).
Support/Resistance: 550,38/572,81 and pattern bounderies.

BRENT @ 74,74 (Brent Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bullish Trend Channel (Target 115,71).
Shorter Term: Move up within channel.
Trade Position: None.
Support/Resistance: 73,10/79,18 and pattern bounderies.

GOLD @ 1.274,50 (GOLD Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bullish Ascending Triangle (Target 1.700).
Shorter Term: Move to lower boundery triangle.
Trade position: Long (small position).
Support/Resistance: 1.238,30/1.313 and pattern bounderies.

SOYB @ 910,50 (SOYB Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Possible repeat of 2009-2010 Complex Pattern (2016-2017) (Target 1.750).
Shorter Term: Awaiting possible breakout in this pattern.
Trade Position: None.
Support/Resistance: 921/1.050,75 and pattern bounderies.

XEU @ 115,75 (XEU Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bullish Trend Channel (Target 1,40).
Shorter Term: Bullish trend channel in danger.
Trade position: None.
Support/Resistance: 115,19/118,41 and pattern bounderies.

TTIP mode and Trend trade setup validness is determined on a daily basis.

For Longer Term Patterns and their bounderies look at the Monthly Charts.

For an explanation of the Trend Trade & Investment Principle, its abbreviations and its usage see the bottom of this blog. Please also read the disclaimer there.