Upon a detailed examination of the gold price charts over the 4-hour and weekly time frames, it becomes evident that the market behavior aligned with our initial projections. As the trading week commenced, we observed a decline in gold prices, precisely as anticipated. This downtrend was significant enough to reach our projected target of $2149. Interestingly, the...
BEAR FORMATION: if this formation holds, i am expecting a IBO on US30 A retest might be inbound but risk is tight. Watching this pair at this hour only mean I am hungry. Is there anyone else hungry to eat some pips today?
Dear colleagues, despite the fact that the price is in a downward movement, I believe that the five-wave movement has not been completed. I expect that the price will not update the minimum of wave 4 38463, but will approach it, and then the upward movement in wave 5 will begin. The nearest target is the area of 39297. Manage your capital correctly and...
Simple trading: Fibb on impulse We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell. Key support areas: 1. Daily support (grey line) 2. Fibb .382 3. Fibb .5 4. Fibb .618 SELL Confirmations: 1. No high higher 2. Weekly Res Confirmed 3. Triangle Break and retest
stuck in a very small range i expected a pole and flag breakout but just now he said wait a minute i am forming ascending triangle pattern also
As you can see in this chart, there is a very interesting relationship between the US100/US500 ratio and Bitcoin. Before discussing the possible outcomes of this chart, let's gain a better perspective on this intermarket relationship chart. On one hand, we have the US100, which is a technology index divided by the US500, representing the largest US companies....
Hey Traders, in the coming week we are monitoring US30 for a selling opportunity around 38860 zone, US30 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 38860 support and resistance area. We would like to add up to current bullish momentum on the US dollar, usually when the dollar is bullish that put some...
- firstly i want to explain what is US30, you can google it : - US30 is a stock market index designed to measure the performance of 30 large industrial companies based on the average stock price of the components "during a specified period". - So basically...when u have a Top30, if one company fail, this company is replaced by number 31. - it's same in football...
Pair : DJI - Dow Jones Description : Bullish Channel as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Completed " 12 " Impulsive Waves
Dow Jones (DJI) had formed a Head and Shoulders (H&S) pattern on the 4H time-frame and ahead of the first 4H Death Cross in 7 months (since August 21 2023), the probability of a short-term correction seems stronger than ever. Technically H&S patterns target the 2.0 Fibonacci extension but we will settle for a slightly higher target on Support 1 at...
im looking for both side buy and sell. right now market sell are active
Dear colleagues, the price has made wave 2 and now I expect the beginning of the movement in wave 3. I assume that the price will rise to the target of the wave 1 top area 39275.89. This is the first minimum target for wave 3. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
US30 once again had come into the Main 4H & Daily supply zone where I expected rejections. Also 12.30 UK time we had critical new on USD. I was targeting entry @39235.00 where I entered aggressively with sl@39320.00 (80pts) at 11.30 UK time. Price then came down and broke structure on both 30mins & 1h Once positive USD news was released but then spiked back up to...
Today's focus: US30 Pattern – Consolidation range Support – 38,550 Resistance – 39,165 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the US30 daily. Yesterday's CPI didn't cause any serious moves but did show that inflation remains stubborn. Today, we have run over what we are watching on the US30 and the current main levels...
Pair : US30 Dow Jones Description : Completed " 12345 " Impulsive Waves RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame Impulse Correction
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
$5000 level is the target of this uptrend. Weekly chart shows that recession It is too early! EMA-150 and EMA-200 is used on this chart to determine the trend... Also we have bullish MACD divergence !
Despite the fact that i calculated the dates, this is just my calculation and correction could easily end in 2033rd, but for now we are monitoring the index and in the future it will be clearer to us where we are, and idea can be updated. According to my interpretation, the bull market ended in 2021 and now we are in a rising sideways leg, which should end at the...