A short term buy setup has complete with price having broken above a descending channel, after rejection of a median line and a previous structure. Stoploss and profit targets as shown at the chart.. Like and comment for updates..!
Crude oil has found support on WL1. Look for rice to next pink median line.
Wheat is showing some support on a sliding parallel but look for the 420 area to decide.
Gold is starting to retrace down a bit, look for 1350 to 1353 for possible support then the sliding parallel, if broken.
Watch for possible breakdown here in price to 2130 area, then further down.
Price has held at blue middle median line parallel and is now moving up to previous highs and upper median line. Look for possible resistance/pullback near 1380 and 1395-1400
Price continues to drop, showing predictive abilities of the fork. Price may pause here on WL1, but still in bearish wave.
Wider fork is showing price continuing down towards 380. Previous upfork is invalidated after breaking lower.
Price is falling as predicted after rise to 2170 area and taking out short stops to the downside. Look for retests on the upper pink fork and drop down.
Price continuing to hug and hold on to minor frequency of the up blue fork. This has to hold or we may see 382 or lower.
Gold has broke the downward sliding parallel, so look for longs.
Continued downward movement shows some profit taking in SandP. Look for break of 2150-2153 area then possible fades.
As predicted, price is breaking down further on Crude Oil. Look for 39.60 area as target.
Gold has broken the pink Median Line to the upside, look for price to continue higher.
Wheat has paused and is moving higher. Look for price to continue its upward momentum if the blue fork can hold.
Look now at a possible drop on the pink fork, as it is showing some frequency on the tail and top upper Median Line parallel.
After a rally silver has been in a corrective structure for a while and it's now testing a support level previous strong resistance. At this level we may go long wth stoploss and profit target as shown at the chart. Like and follow for updates...
Price recently retested the down fork. Look for price to hold as suport on the blue fork, or break through with another possible short opportunity.