Saturday, July 21, 2018

Dashboard Dailies (daily closing basis)

Daily Time Frame Trading

AEX @ 572,20 (AEX Daily Chart).
TTIP modeTrend trade setup valid.
Longer Term Pattern: Bullish Trend Channel ( Target approx. 650).
Shorter Term Observation: Correction within channel.
Trade Position: None (sold long at a profit).
Support/Resistance: 556,02/572,90 and pattern bounderies.

BRENT @ 73,02 (Brent Daily Chart).
TTIP mode.
Longer Term Pattern: Bullish Trend Channel (Target approx. 115,71).
Shorter Term Observation: Move down within channel.
Trade Position: Long (small position).
Support/Resistance: 70,83/75,93 and pattern bounderies.

GOLD @ 1.231,10 (GOLD Daily Chart).
TTIP modeTrend trade setup valid.
Longer Term Pattern: Bullish Ascending Triangle in jeopardy.
Shorter Term Observation: Move exceeding lower boundery triangle.
Trade position: None (sold short at a profit).
Support/Resistance: 1.204/1.266,90 and pattern bounderies.

SOYB @ 864,75 (SOYB Daily Chart).
TTIP modeTrend trade setup invalid.
Longer Term Pattern: Bearish Flag (Target approx. 725).
Shorter Term Observation:  Breakdown out of this pattern.
Trade Position: Short (small position).
Support/Resistance: 777/897,75 and pattern bounderies.

XEU @ 117,23 (XEU Daily Chart).
TTIP modeTrend trade setup invalid.
Longer Term Pattern: Bearish Trend Channel (Target approx. 1,05).
Shorter Term Observation: Bearish Flag within this pattern.
Trade position: Short (small position).
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.