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@DX & DXY DeMark Signals suggest caution on long entry yet

Leading Diagonals TDSEQ Buy Set Ups TD Propulsion in Gold

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#1 Geomean

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Posted 25 January 2017 - 12:03 PM

We should complete a TD Sequential ™ buy set up 9 on the daily charts of @ DX & DXY today.  On the hourly charts a complete TDSEQ 13 buy countdown is completing.  The structure seems to count best as a leading diagonal from the early Jan top. Consequently, it appears that we could get a retrace here, although the leading diagonal could still go a little lower, it already has gone far enough where wave 5 does beyond wave 3 on the hourly.  This suggests that gold has another leg down before it completes this retrace of the initial wave up.

 

While @GC hit the .382 retrace from the Dec 2016 low and is bouncing, it also exceeded the 1196 TD Propulsion down threshold which projects a decline to a minimum of 1180, close to the full gold price harmonic of $34 from the of 1220 top @ 1184.

 

This wave counts best as a compound wxy on the hourly charts of @GC so far.  USDJPY and EURUSD hourlies also suggest this scenario.


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#2 dougie

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Posted 25 January 2017 - 01:10 PM

Thanks

#3 AChartist

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Posted 27 January 2017 - 09:27 PM

seems like a pretty good inv head and shoulder on AG, correct volume too

 

silver looks ready, maybe gold will lag.


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