USOIL WTI Crude Oil Daily Chart 31st March, 2021 . As long as crude holds and trades . above $60/bbl we may see . eventual target area of $75/bbl. . However, sustain trading below $55/bbl we may witness much lower oil price.
Chart suggests trend possible reversal.
We may see around $7 area before sizable reversal as shown
As shown in the chart.
As shown if BTC price sustains trading above $20350, we may see continuation of the bull trend. Sustain trading above $24000 may negate the downtrend.
Based on what is shown on the chart draw up your road map.
The daily chart pattern and Elliott wave possible count may suggest an uptick to the upper trend line then a downtrend may resume.
Simple : Only sustain trading above 2700 negate the downtrend.
The rising wedge on the daily chart shows a possible top for the S&P 500 Index. However, we may see a false upside breaking of the upper trend line. However sustain trading above 3700 may negate the downtrend.
Gold on the way to finish last leg up to perhaps at the current level or more to as high as $2030/Oz. Then a downtrend may resume for much lower level perhaps to as low as $1400 in the coming months or so.
As shown in the chart Crude Short to Medium Term the trend is lower. Only sustain trading above $45 negate the downtrend.
The Chart speaks for it self!
U.S. Dollar / Turkish Lira Daily Chart The L/T trend may show an all time high in the corner. Elliott Wave count may support this scenario.
U.S. Dollar / Turkish Lira Monthly Chart Has the Lira achieved a historical bottom against the US Dollar? The chart pattern and a possible Elliott Wave count may suggest so.
The pair is still trading inside the long term downtrend channel as shown. As long as the prices stay inside the channel we may expect the Long Term target may be below parity. Only breaking and sustain trading well above the upper trend line may save Euro from all time low.
S&P 500 index is approaching reversal level perhaps around 3500 level. The expected sharp reversal may take the Index to as low as 1800 area as shown.
The channel gives a well indication for the uptrend. It seems the start of bear trend is around the corner if not already has started.
The chart, wave count, and support resistance level shown indicate a possibility for bearish trend.