elyask120

elyask120 Updated 

Hi Guys, Yesterdays session saw a massive selloff on the US indices. After months of non stop upward momentum the market came to a halt last month only to pick up from where it left off when we made the lows from the recent correction. Or so it seemed. Big reversal outside engulfing candles on the daily for Nasdaq and SP 500 were a precursor to yesterdays selloff...

elyask120

Hi Guys At this moment the US 100/ Nasdaq is in what could be a potentialzone to look for sell opportunities. The low of the red box is the 1.27 retracement of the recent pullback and the high of the box is the 0.618 extension of the last impulsive move on daily time frame i.e 8/5 to 16/5 to 17/5. Lower time frame entriesusing whatever method one chooses may...

elyask120

Hi guys. Gold has been on a nice move up from its breakout earlier this year but it is heading into a zone where it may face really strong resistance and selling pressure for a while. The box ive drawn in the chart and more importantly the purple line is the 1.618 retracement of 2011 high to 2015 low. The 1.618 retracement is always a good focal point for any...

elyask120

Hi Guys, The US 30 is heading into a zone that may see some resistance and selling pressure. The red box highlighted on the chart contains the 0.68 fib extension of the covid low to bear market high to bear market low, an important fib level that has taken a while to form and reach. Also the red box contains the 1.13 retracement of the high to the low of the...

elyask120 Updated 

Hi Guys, The GBP AUD pair has been heading south recently and presents some nice trading opportunities either way price moves from the current level. On the chart ( sorry about the messy look) the large red box contains what could be very strong resistance. Looking left on the chart that zone is a very key level as price has had some huge moves from there in...

elyask120

Hi Guys, US indices have ripped up from the recent pullback and back into all time high territory once again. I have marked a pink box just above price on the Nasdaq where there might be a chance of some selling pressure and maybe a slight pullback, which looks due as it is well extended from its key MAs and 4hr RSI extremely overbought. The pink box is zone...

elyask120

Hi guys, Silver is heading back up to strong resistance where it faced selling pressure yesterday. A bearish bat harmonic is forming at the moment with excellent fib ratios. The red highlighted box has bat entry level of 0.886 and is in line with previous resistance. Safe trading all.

elyask120

Hi guys, Russell 2000 has consolidated on the previous range resistance that has now acted as support and is now heading for a crack at its all time high. Currently Russell is just below a daily order block highlighted by the red box which was tested once on the way down in bear market. The zone also is the golden fib zone between 0.5 and 0.618, so very likely...

elyask120

Hi Guys, This is starting to sound like a broken record, but the Nasdaq and accomplices, Dow Jones and SP 500 have yet again broken into all time highs, just when it looked like they might all pull back. Nasdaq is now approaching what may be a strong resistance zone that is highlighted with the purple box and the lines in it. The red and black line above it are...

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Hi Guys, Recent news events have weighed heavily on the Japanese Yen and thus all currencies against the Yen have seen a spike. CHF JPY, which has corrected from the highs was one of those pairs and had a strong rise up after the news. Currently the pair is heading towards a supply zone where a bearish bat pattern is forming and entry lands right in the supply...

elyask120 Updated 

Hi Guys Bitcoin hourly false channel breakout .. profit target around circled area Safe trading all.

elyask120

Hi Guys, The AUD CHF pair is facing some strong selling pressure and has printed what looks like atriple top. The pullback will lead into possible strong support areas due to the nice climb the pair has had of late. The dark green boxes highlighted are both demand zones and the first box also has the anchored vwap from the first low and the anchored vwap from...

elyask120 Updated 

Hi Guys Three levels to watch on CHF JPY as it responds to selling pressure and look for bounce back to the top of the range. 1st level maybe just a relief bounce , second level a push higher and third level expecting to see major buying pressure as it coincides with a bat pattern with excellent fibs and support looking left. Safe trading all

elyask120 Updated 

Hi Guys, The S&P 500 again found plenty of buyers on the dip and has pushed price up with moentum towards what may be a strong resistance area. The red highlighted box is the 1.27 retracement of bear market hgh to low. The Dow found resistance at the same retracement level. The 0.68 fib extension of the last impulsive move up on the daily time frame is also...

elyask120

Hi Guys The GBP AUD pair is approaching strong support area and there is a shark harmonic pattern with nice fib ratiosdeveloping that completes around the support cluster. The red box on the chart is the first entry point of the pattern at 0.886 retracement and the bottom of the box is the limit of the pattern at 1.13. The thick black line at the bottom is a...

elyask120 Updated 

Hi Guys, Before I write regarding this post, I would really appreciate if someone would tell me how to update a previous idea. I am aware of update idea tab but I would like to know how to add further illustrations to that same idea and not just words. Thanks in advance and appreciate if anyone can let me know this so I dont upload multiple posts on the same...

elyask120

Hi Guys, The AUD CHF is continuing to show upward momentum with breaks of downsloping trendlines and moving above key moving averages. Currently it has just broken out of a bull pennant with excellent fib requirements and as you can see from the purple line on the chart has cracked through the 200 ma with a strong candle. Measured move from the breakout is the...

elyask120

Hi Guys, The Nasdaq has continued its crazy bull run with another all time high close after Friday's session. The consolidation period from its last high to this one again presented opportunities to keep riding this uptrend by entering long on lower time frames. Support continues to be strong anytime the Nasdaq comes between its 20 and 50mas and close to the...