Here I added a presentation of chart ideas that I previously explained on the previous chart (below). So there is a change, if the price moves upwards, above the price 49.05 (previously priced at 48.42, chart below at Fib 2 right), then the possibility will go up.
It can be seen from the chart above, that the price of Brent (UKOIL) at 48.40 has touched the Fibonacci retracement at the 61.8% level (Fib 2 left) and there is a big possibility of a downward movement with the first target at 46.66 at the 161.8% Fibonacci retracement level (Fib 2 right), and continued with the second target at the price of 45.57 at the level...
It looks like a breakout movement above 29911 at the 61.8% Fibonacci Retracement level, so we expect the target to change to 30113 at the 423.6% level.
As we can see, the Fibonacci retracement at the 61.8% level has touched the price 29911, the expectation will decline down with the first target at the 161.8% level at the price 29639, and the second target at the 261.8% level at the price 29471. If the movement is above 29911, then the possibility bigger leads to continue the upward trend.
Let me present my idea, it looks like Platinum has touched the 61.8% Fibonacci retracement level at the price 953.066, and we hope to go to the first price direction in the 982.739 range at the 161.8% level, and the second price at the 999.925 range at the 261.8% level, but I personally prefer to set the profit point at the first price range. If the movement...
Silver has tested the 61.8% Fibonacci retracement in the 15-minute time frame, and we expect the first profit target to be achieved in the 23,586 price range and the second price range at 23,888.
Gold in a few hours after touching the 61.8% Fibonacci retracement, and we expect the first profit target to be reached in the price range 1824.45 and the second price range at 1837.96.
Daily/4H time frame analysis. Price action & potential scenarios. Trading recommendations. Please, support this video with like and comment! thank you!
after a sharp bullish movement on gold yesterday on the hourly chart, the price stabilized and was quite weak during the US session. analyzing the price action we see a sequence of lower highs and bullish reactions from 1885 setting equal lows. it is a classic descending triangle formation and it is a bearish biased pattern. in case if bears manage to close...
USOIL retested broken downtrendline then rebounded with strong bullish movement USOIL is supported above key level at 40.00 Price broke congestion area Above HVN at level 39.11 Above SMA 100 RSI is above level 50 It's expected forming Elliot bullish wave (5) to target level 44.00
SUGARUSD Entry Price 0.14420 Target Price 0.15114
Silver in 4H timeframe. Silver had a strong rejection on Daily timeframe´s Resistance zone . Waiting for shorting entries coming up next.
My last charting was valid for a week and a half so now I’m updating!! I hope this helps you make a million this week ! We are going to watch the market open for selling OR buying opportunities. Expecting gold to retest the floor or quickly break through our double top. After we will test golds major resistance, and key levels within the 1970s to 1980s. We will...
Crude Oil Target Price 27.310 | WTI | USOIL
Gold is contracting within a descending triangle formation. with the sequence of lower highs and equal lows, bullish swings become weaker and weaker. it looks like soon we will see a breakout attempt of the current major daily horizontal support. in case of a daily violation of that, the price will go to lower structure levels. next support will be 1800 be...
We almost hit the stop loss but price reversed just before we did and we are currently in a profit but we are seeing resistance again at the trendline.. The question is will price break through the trendline and have some sort of recent support before it reverses again or will it hit the SL if price reverses.. Comment your thoughts....