The QG3 is in a neutral alignment, flat, not bullish or bearish:
There are some fibo turn date windows just ahead.
- daily windows: From the open on Jan 14 to the close on Jan 18th. And the Feb 3rd open to the Feb. 6th close.
-Weekly window: Starting Sunday Jan. 13th till close on the 18th. So much greater potential for a turn next week than the single daily turn I posted back around December 18th which only spear headed a multi-day bounce. The weekly trend is certainly down into the window, so it's most likely a bottom.
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Silver - Price remains below a key mid channel line that is posing resistance at the moment:
The QG3 is also neutral for silver:
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EUR/USD - Moved as anticipated, after a successful back-test, the bounce back up to take out 1.3300 was swift, further upside to the target of 1.3580ish is expected. Key MT support is now at 1.3000.
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USD/JPY - This impuslive run has exceeded expectations! WOW! It's possible to reconfigure the impulsive count, as several waves could be 'nested' providing for further upside:
zoomed out:
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Coffee - I've been hunting for a major low in coffee for the past few months. Here is the primary reason why:
(click image for full view)
The ST gives a promising potential for a bottom, perhaps a major one:
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Corn - I posted this chart on December 23rd, which had a support zone of 663 to 675 with an EW target of 682.
We saw a bullish bounce this week off that support zone:
Weekly chart
Daily chart
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Wheat - Also showing signs of a potential reversal and bottom:
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Soybeans - Posted a bullish dragon-fly doji on the daily chart, perhaps in sympathy with Corn's move last week. A reversal in the downtrend could be realized with a weekly close this week above 1415.62
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My video about the QG3 (3/10/20 ribbon) is essentially complete, but requires some editing. It's very possible to be complete this week. The process of producing video is all very new to me, please pardon the delay as I hike up the learning curve.
Good Hunting :)
and GO SEAHAWKS!
QG
