The daily cycle trend seems to be declining. But in order to achieve the goal of 1727, to complete the microwaves, we need to first climb to complete the correction, then form a descending microwave.
It seems price is moving up in a parallel chanel. It is time to go up again but, if down break-out happens, our analysis would fail. Note: sorry for my bad English. I am not a native.
If this down-trend is Wave.4, I am waiting to reverse and take profit!
As you see in the chart, price didn’t succeed to make a higher high in its last upside move and has been rejected and pushed to the downside by the red resistance zone. Moreover, a bearish reversal double top pattern has been created and the neckline is broken out. Currently, we are in a downtrend and price is fixed below the neckline and is dropping after...
As you see in the 1H chart, after a strong uptrend, price has started to rest and bounce sideways. There are downside and upside moves in the sideway zone, and currently, the ascending trend line of the last upside move is broken out to the downside and price has started a sharp downtrend. I expect a drop on price with two targets: First to $2893 and in the case...
Copper has Fallen in price towards a key support level as well as a trend line that has been respected multiple times. The RSI levels are also in oversold conditions at the moment, with all of these factors in play it seems likely that the price will go up from here. The targets for copper to the upside are at the recent highs of 4.4420 which is a heavy liquidity...
The HK50 has managed to returned to the bottom of its bullish channel that was created on the 1hr/4hr time frame. This kind of price rejection on the downside is positive for the bulls, and the possibility for a continuation on the upside is very likely at this point. We are approaching the end of the year, and we are approaching Thanksgiving. Market participants...
Hi there! I showed two Zone on the oil chart. Set Order limits on the hedge of the zones and set your stop loss on the other hedge as I draw r:r rectangle. Do risk free and then set trailing stop.
Yellow metal couldn't barge the resistance at 1813 and fell to the support @ 1782. In this we may see a possible push towards $183O, which has been a strong resistance in the recent history of this precious metal. 222 Above this resistance will open doors for 185O and 19OO's. Below this resistance will welcome 175O ,172O and 168O's once again.
Very clearly on the Weekly time frame, the Gold price is already below the cloud Ichimoku Kinko Hyo (Red), below the Supply Zone and this all indicates a strong decline, coupled with the RSI indicator which shows a decline as well. And my estimate Gold will continue to decline in the medium to long term.
According to my technical analysis gold remains bullish. On the chart I showed a long trade that I am planning to take next week. Let the price reach the entry level & then when until our goal is hit. Please, support this post with like and comment!
The position of Gold is currently below the Weekly and 1 hour Supply Zone, and the projections will start to decline.
USOIL. Pin Bar Trade Strategy. Pin Bar candlestick wick intersects EMA 10, EMA 20, 0.236 Fibonacci Retracement Level, and Horizontal Support Resistance Level.
Market down for chat pattern bear pattern on 15min candle chart I think market goes down for 3 to 6 point this is my only opinion and yours
US OIL ON A KEY RISING SUPPORT Since last week, Oil tries to break the next resistance and head towards a new yearly high. If that is to happen, at some point we will expect the price to pullback towards the blue trendline before gaining more bullish momentum. The pair rose and started a consolidation. Analysts expect next week pullback to finish and the price on...