Tuesday, April 24, 2018

Dashboard Dailies (daily closing basis)

Daily Time Frame Trading

AEX @ 554,25 (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: 521,68/572,81 and pattern bounderies.

BRENT @ 74,71 (Brent Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bearish Wedge (Target 30).
Shorter Term: Move to upper boundery wedge.
Trade Position: Short.
Support/Resistance: 66,69/115,71 and pattern bounderies.

GOLD @ 1.324 (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: Short.
Support/Resistance: 1.322,60/1.364,40 and pattern bounderies.

SOYB @ 1.032,25 (SOYB Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup invalid.
Longer Term: Possible repeat of 2009-2010 Complex Pattern (2016-2017) (Target 1.750).
Shorter Term: Possible breakout of this pattern.
Trade Position: None.
Support/Resistance: 977,75/1.060,50 and pattern bounderies.

XEU @ 122,08 (XEU Daily Chart). TTIP mode.
Bullish trend direction. Trend trade setup valid.
Longer Term: Bullish Trend Channel in danger (Target 1,40).
Shorter Term: Correction getting out of channel.
Trade position: None.
Support/Resistance: 121,55/123,97 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.