Gold is a little complicated last days as we can see no clear movements. Just collecting stop losses for sure. I saw this wedge pattern tell me what u think. Direction is not clear at this moment could go both ways. My opinion is Upside cause of overall trend since February. Tell me your thoughts
First off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let me get into a few key points I want to make. Oil is about to go back down on the demand curve and have increased resistance, especially in indexes and/or options trading. This is mostly due to price corrections and a result of the sentiment going on from...
My view on gold is on a neutral right now, no certain direction,
The left charts shows the daily time frame of the SPX500. We note that it is above its 20-day SMA and that the RSI is above 50. These are bullish, however, the index has struggled to overcome the 2,900 level (red shaded horizontal). The right chart shows the hourly time frame. Here, the EMAs are rolling over and looking to cross down and the RSI is threatening to...
Heavy seller pressure coming in at the current level we are standing right now. All the way back to 2011'. We can clearly aim for a correction at the .618 fib. Closing some nice 700 pip move
Please support this idea with LIKE if you find it useful. Overall we are moving in a Descending Channel and the previous rejection can lead us to the lower boundary being retested. On closer look we see the price is under Ichi Cloud resistance zone and 50 MA dynamic resistance. Also price producing bearish engulfings, which confirms the decline. Thank you...
Copper has been trading in a bearish channel since 2011 right after bouncing off from the ascending resistance of the ultimate bullish channel. The first corrective wave in the blue bearish channel ended last year and price failed to break out to the upside. A critical price level has been broken and this will potentially expose the copper price to a further...
usoil trading in downtrend line price rejected from key level and 50% fibo level around 24.00 price below SMA100 MACD shows bullish momentum weakness RSI below 50 so its expect more selling to support level around 20.00
This week 24-28 Oil will long? What Do you think my analysis? please let me know your comments. and stay with me.
Hi All, The point of contention will be the level where it was rejected 3 times. We would expect at this point a large % to sell. Note: We will get confirmation of inverse H and S at 1668. However it will be short lived and just like Tesla, it will spike up past this and beat the all time high. Monthly Chart Regards, S.Sari
nasdaq rebounded from resistance zone around 9240.0 price reached reversal AB=CD pattern target at 161.8% fibo MACD shows bullish momentum weakness RSI broke the uptrend line so its expect bearish momentum to support area around 8880.0
Analyis on Gold using 30m,45m and 1hr chart. Sell at 1559.56
we believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP, keep in mind it is a Buy order with a 50 Pips Trilling Stop loss. there is a Buy Stop for the 3 TP with 50 pips trilling SL, If the First TP is broken and passed the First Level...