it is solely based on 15min original supply zone.. non-support from higer time frames. tp1: look just for 1:1
Please see annotated chart for details.
AUDUSD H4 bearish divergence RSI We could probably see another bounce towards 0.773, thenm go short at the break of the trendline. Entry @0.77 or break of trendline @0.76 T1 0.745 T2 0.732 twitter.com
sell xag/usd silver spot sl 18.5 tgt 16.5 and below
Wave five as shown on the chart might terminate crude oil medium term top. There is possibility for retracement back to 45.75 then making a new high at 46.8/47 area. before falling. @basraoil
A clear break and sustain trading above 45.5 may take crude oil to as high as $50 before sharply down.
Watch the lines for a place to jump in on this downtrend of the Equity/Crude ratio.
Watch the lines for a place to jump in on this downtrend of the Equity/Crude ratio.
With all the NIRP's and ZIRP's flying around in an economy based off fraud and debt, this was expected, and now we have the start of the technical indicators to back it up :) My target area Short Term is 25-28: - We have the 23% fib retracement from our move down from our All Time Highs in 2011. - Weekly 200 ma - Solid price action (horizontal black lines) -...
Downward movement is just started on daily basis. 14.775 will act as support if this point will break then sellers will get in the market in no time. Also COT report must be tracked this weekend.
Short is much more possible on this commodity according to channel and bears on the market. On downtrend we have 2 more support areas. But always market decides the way we just follow it :)
I am watching Copper to consolidate and move up trend as the Soft Monetary Policy all over the world. But we have to note it would take some time also
The low of 1936 is well supported and the volume comes higher than previously traded. In medium term, the this level will be best buy level. But soft monetary policy and low rates are pushed a lot of money to the market and the demand will be higher. So 2200 level is nearest support level now.
Chart describes better than words. :) Short's possibility is much more than longs but have to watch prices carefully.
GOLD XAUUSD - Final target still 1190 to 80 Area - SHORT - take a look on the Chart. It's a X7 Wave-Pattern. There is only a X5 or X7 - in this case, the market developed a X7 one. Not, as initially expected: X5. Finally, is a sharp correction highly probable. If You have any questions, please leave a message.