Initial breakout Rising Wedge formation, significant break could bring down to 119. Exit above 135.3
Initial break from Bearish Flag, support breaks, guess DJI might not be recovered around this pandemic period. Some companies declare government bailout might not be able to recover loses.
1. Reject upper trendline 2. Fibonacci 2.618 3. Divergence on MACD Exit if breaks upper trendline
Bullish Breakout is noticeable on small time frame, probably will climb to 90. Ruble is suffering from Oil price that could not be recovered during this pandemic, not until the demand is back. Oil has been selling for lower than $10/b backdoor, indicates there is no strength go climb higher at this point of time. For every $1 Oil price decline the nation would...
Referring to earlier Fibonacci, the price reacted on a resistance level, so this is the reason for a little drop today. However, the price has started picking up on small time frame. This movement is referred to Accumulation period, where insiders started to get in, or in Elliot Wave analysis it is called Wave 1, after wave 1 there will be wave 2 (small...
As posted earlier, AC has rejected significant zone at $12, a selling climax has been identified at Fibonacci level 4.236 and Buying Volume has increases.
Clear technical observation when the price has reached 3.618 and an alert from MACD negative divergence, followed by world wide factor COVID-19. No sign of reversal yet
GBP/JPY sharply bounced on Fibonacci level 1.618@ 136.95, significantly closed above Bearish trendline in pink and breaks above resistance area in yellow rectangle, confirms a trend reversal to Bullish. Buy position above 136.95 is relevant with a stop loss 50 pips below. The Bullish movement may climb up to psychological resistance at 141.10.
US Dollar has completed its final drop to psychological support at 97.0 and bounced sharply on Fibonacci level 4.236. Hence, Bull market for US Dollar may begin, and Crude Oil might fall further as US Dollar has negative colleration to WTI.
From my calculation, DJI has completed its Bearish movement as it has close above Fibonacci 2.618, hence continue its Bullish climb to 28208. It's a great opportunity to long for a huge reward, however a Bull market won't climb easily, thus there would be many correction along the way up.
DJI Buy now or buy from 25200 for short term Profit Taking at 27000 for Bullish trendline breakout and complete H4 sell target
I was suppose to publish this idea like a month ago - I anticipate there would be a huge drop from 29553 base of Fibonacci level and Parabolic Curve formation. Of course, world tragedies coincide the huge market impact, however Maths has forecasted earlier. The target is still unknown, however DJI still remain Bearish.
Beautiful Bearish breakout for USD/CHF and still not yet the best time to call the Bull out. I am anticipating the price will drop down to 0.9653 and get confirmation through reversal patterns before Buying decision.
Crude Oil has been Bearish rejected Berish trendline four times since 2008. There were two upward channel has been broken coincide another sell-off triggered in Wall Street and commodity due to fast spreading coronavirus. Hence I am anticipating more bearish for Crude Oil probably down to 33.
A little update from the previous post - There is a BUYING opportunity if the price has successfully break the Great Wall, as 5 Bullish pattern showing up! The price has initially bounced on Fibonacci level 1.618 before it completed a reversal cup, a formation of Inverted Head and Shoulder, Falling Wedge and Ascending Triangle and the formation of a new uptrend...