I wanted to take a moment to alert everyone to a price cycle setup that may turn out to be one of the most dramatic price moves we’ve seen since 2008. The metals markets have recently made some news by breaking to new recent price highs. This price move prompted a number of major firms to announce new bullish directional forecasts for gold with predictions of $2500 to $3000 price levels in the near future. These future price predictions led me to consider what it would take for metals to rally more than 30% from current levels – and the answer became clear to me.
Over the past few weeks and months, we have been writing to all our members that this next move should be massive in the US majors. We have been very clear in our analysis and have shown the price action identified as the highest probability outcome with our Advanced Dynamic Learning (ADL) price modeling system. Today, we are going to share more information that will help you understand what to expect over the next few days and weeks.
Today’s price action was very unique and presented a series of critical trade levels that we will continue to watch through the end of this week and into next week. The identification of support and resistance levels near the apex of a pennant or flag formation is critical because these apex moves tend to include some wild price rotation before the new trend is established. As of today, we have two new levels we are watching : support at 2623 and resistance at 2658. The triple top formation in the ES today was indicative of major resistance near 2658. We don’t believe this level will hold for very long as our ADL price modeling system is predicting a price breakout next week.
The longer term ES Weekly chart shows the pennant formation, lower price support channels and the two intermediate support and resistance levels drawn on the price chart, above. Our interpretation of the current market setup is that price may continue to rotate in somewhat violent modes until the market completes this phase. The breakout price move we are expecting could happen any minute between now and the end of next week. We believe this is the most likely time span for price to attempt this breakout move.
This chart below is a Weekly YM chart with the ADL price modeling system applied to it. This analysis is reserved for our subscribers but within a 2~3 week span, our modeling system is predicting a possible 10~14%+ price move in the DOW and US majors. Most traders don’t have a clue what to expect, we know what should happen.
We are providing our members with more details of our ADL price modeling system showing these later weekly levels have a very high probability of success based on past price analysis. Historical prices are showing a 90~100% probability of success for these projected price levels. Therefore, unless the future price is vastly different from the previous 15 instances of this ADL price DNA marker, we have high confidence that price will attempt this massive move within the next 14+ days.
We are uniquely positioned right now to take advantage of this without excessive risk. We will continue to evaluate new trades with regards to potential for success while considering risk. Our objective is to not overweight our positions too heavily into one aspect of the market. Although, we will add that once confirmation of this move is evident, we may find multiple opportunities for quick profitable trades for our members. Get ready for some exciting price action and for this move that no one is expecting.
Join fellow traders from over 87 different countries and see how our technical analysis and trade setups can grow your account – www.TheTechnicalTraders.com
Chris Vermeulen
https://thegoldandoilguy.com/wp-content/uploads/2018/05/only.jpg410700adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2018-05-02 23:56:552018-05-02 23:56:55Preparing For The Next Move
With the USD on an uptrend for at least the short term we need to consider what markets will be impacted the most. Sometimes the USD has a strong inverse correlation to certain commodities and other times it doesn’t seem to matter. Chris Vermeulen, from The Technical Traders website, joins me to shares his thoughts on the markets that will be impacted the most by the USD if it continues to rise.
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Chris’ articles, Technical Trading Mastery book, and 3 Hour Trading Video Course are designed for both traders and investors to explore the tools and techniques that discretionary and algorithmic traders need to profit in today’s competitive markets. Created with the serious trader and investor in mind – whether beginner or professional – our approach will put you on the path to win. Understanding market structure, trend identification, cycle analysis, volatility, volume, when and when to trade, position management, and how to put it all together so that you have a winning edge.
https://thegoldandoilguy.com/wp-content/uploads/2018/03/cory.png220266adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2018-05-02 09:58:342018-05-02 09:58:34The Markets Most Impacted By A Rising USD
Yesterday we shared the chart of our underlying asset for our trade setup, and below is a chart of the ETF we entered and it has jumped over 6.6% or $4.42 a share already!
YESTERDAYS TRADE SETUP CHART IN THE UNDERLYING ASSET
OUR TRADE ENTRY, RALLY, AND PROFIT TAKING TARGET REACHED!
We are preparing for another trade alert as another one of these setups is unfolding!
If you want to see the new trade that was issued today for TheTechnicalTraders.com members and take advantage of this opportunity, then do yourself a favor and sign up for our QUARTERLY or better yet the 2-Year membership and save huge on your long-term success! It tough to beat daily pre-market videos telling you what to expect that day, and trade alerts that actually generate profits every week!
Last Reminder
After careful consideration and respect for our members and followers, as of May 1, 2018, we have decided to make all of our more detailed and dedicated price modeling research only available to our subscribers and members while still attempting to provide more general market research to our non-member, free followers. We are making this alteration to our posting and publications in an effort to provide more exclusive value to our members and to limit the free public exposure of our proprietary price modeling systems that have been generating incredibly accurate price triggers over the past 7+ months. Our efforts are to better support our members and to make our proprietary research exclusively available to our subscribers – the people that support our research and team of developers at Technical Traders Ltd.
We will continue to post research articles regarding the markets, trend and forecasts for our free followers to learn from and gain market insight. Our proprietary market cycles, Fibonacci price modeling, Adaptive Dynamic Learning (ADL) price modeling and other proprietary research models will become exclusively published within our members area for our valued subscribers to profit from.
We have been contacted by a number of people recently who have expressed their admiration and astonishment of our posts, research and price modeling system’s success. We believe we are offering the most innovative and inclusive market research that you can find anywhere. We don’t know of anyone that has the tools we have or has the capabilities we have in regards to accurately predicting market trends, turning points and setups. All you need to do is read our recent posts to know how incredible our calls have been in the markets for the past 7+ months.
We urge you to become a subscriber of www.TheTechnicalTraders.com to continue receiving our advanced research and access to our incredible price modeling systems. If you want to know where the market is going today, tomorrow, and next month, and if you want some greater insight regarding what to expect from price, then you owe it to yourself to join today and make your trading decisions easier and more profitable. Remember, we called every major move in the markets this year and at least 3 weeks in advance – where else are you going to be able to get that type of analysis?
We look forward to continuing to serve all of our followers and subscribers. We will still post-free research posts to the general public. They will simply be more general and exclude our proprietary market turning points and price forecasts. JOIN NOW!
Respectfully,
Chris Vermeulen & team.
https://thegoldandoilguy.com/wp-content/uploads/2018/04/cartoon.jpeg338600adminhttp://www.thegoldandoilguy.com/wp-content/uploads/2014/11/tgaoglogo.pngadmin2018-05-01 21:14:292018-05-01 21:14:29Yesterdays Trade Has Rallied $4.42 a Share – Now What?
