KFI target analysis

[Mike166]

Eur/Usd , 4hr-chart , 9.aug :

The currency pair hit both of targets specified at 7.aug post (ref. to 7.aug chart) .

next target : 1.3480 ;

A pull-back from 1.3395 target is in sight.

 

[Mike166]

DJI , 4-hr chart , 9.aug :

As stated at 7.aug post , 1st target of DJI was 15513.90 .

I mentioned earlier that a target works as a support / resistance level. when it breaks below / above that level ,the next target triggered.

It happened exactly for DJI . At 4-hr chart (attached), you see the 15513.90 acted as a resistance.

Based on the chart (9.aug.) , next target is 15223.71 .

 

[Mike166]

my charts come from Millenium platform .Get it here :


http://www.mpf.co/downloads/desktop-platforms/millennium-trader-4-client

 

[Mike166]

Intel corp. , 4 -hr chart , 9 aug :

Intel is trading at its target ( and important level) 22.42 .

If broken DN, next target is 22.04 .

 

[Mike166]

S&P 500 , 4-hr chart , 9.aug ;

The 1st target specified on Aug 7 post was 1687.49 . Price hit that target and respected it as a support. (see the attached chart)

Trend is down and next target , as mentioned earlier, is 1669.07 .

 

[Mike166]

Quote from Mike166:

Gold , 4-hr chart , 9.aug :

Gold hit 2nd target at 1311.04 .(ref. to 8.aug chart)

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for today,

next target is: 1325.82 ;

Gold is struggling its 1st target at 1311.04 . While KFI is heading down (If price doesn't open with a gap on Monday), i expect price goes down.

Target (red line) : 1298.90 ;

 

[Mike166]

Quote from Mike166:

Eur/Usd , 4hr-chart , 9.aug :

.........................................................

next target : 1.3480 ;

A pull-back from 1.3395 target is in sight.

As expected, Eur/Usd pair headed down and hovering its 1st target at 1.3338 .

2nd target : 1.3309 ;

 

[Mike166]

IBM , 4hr chart , 12.Aug :

1st target : 186.75 ;(Important level)

2nd : 185.50 ;

3rd: 181.53 ; (Important level)

 

[Mike166]

Goldman sachs Group (GS), 4hr chart , 12.Aug :

Down move expected to continue;

Targets:

1st : 160.08 ;

2nd: 156.31 ;

 

[Mike166]

Quote from Mike166:

Gold is struggling its 1st target at 1311.04 . While KFI is heading down (If price doesn't open with a gap on Monday), i expect price goes down.

Target (red line) : 1298.90 ;

As stated, Gold opened with a gap & higher at Asia session and,therefore, the downtrend is not valid.

next target : 1345.71 ;