2012/11/91 EURAUD Elliott Wave VIDEO ANALYSIS and CHART

Today on Nov 19, 2012, the EURAUD currency pair exhibits nice emerging ABC patterns in three different time frames, the 5 min, 4 hour and daily charts. The chart and the purely educational video below show how an entry into the marked would be possible in the lowest time frame (5 min) with a relatively low-risk nearby stop, but with a potential to catch a long run that might lead up to 1.3 or higher in the daily time frame.

Video Analysis: EURAUD

Be aware that trading any kind of financial asset carries the risk of loosing money!

2012/11/13 blog.kimblechartingsolutions.com: Dual test of support for the S&P 500 (SPX, SPY)

In his blog, Chris Kimble identifies a current long-term rising wedge pattern in the S&P 500, which resembles the rising wedges that build up during the periods 1998-2000 and 2006-2007, before large market shifts to the downside occurred. The current wedge is also nearing long-term resistance at 1550 that has held since 2000. In conclusion, this is a time when "risk off" is definitively the safer play!

Chris Kimble blogs: "An important "Dual Test of support" is at hand right now for the 500 index. Long investors best hope it holds, because the support line off the 2009 low is very important!  FYI- Support is Support until broken! Twice over the past 12 years, the 500 index broke support lines of these rising wedges at (1) in the chart below and prices fell off quiet a bit."

 Click here for Chris Kimble's full blog article