In the previous analysis, there was a scenario that an uptrend would take shape. Over time, by the wave count changes, the Triangle Pattern in wave 4 has formed. The range of 1.6100 to 1.6050 could be the primary targets
In the 60-minute chart, the divergence in MACD and RSI is quite clear, and also the 3-wave structure of the sides shows the Diagonal pattern. By crossing the price from the range of 0.6878, which is the end of the 4th wave of this pattern, we can get the confirmation for the downtrend and the targets of 0.6795 and then 0.6700 price level.
There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387. It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave If the price exceeds...
A good probable setup for EURJPY. Throughout the week, wait and pay attention for market structure and price action to develop. Apply confluence, as well.
BANK OF AMERICA : BAC DESCENDING BROADENING WEDGE EN : WE CAN SEE THAT BAC IS FORMING A PATTERN CALLED DESCENDING BROADENING WEDGE THIS PATTERN IS A STRONG BULLISH PATTERN, WE HAVE TO WAIT UNTIL CANDLE BREAKOUT FROM THE PATTERN, THERES GOT A CHANCE THAT BAC WILL DO HIS DOWN MOVEMENT TO AROUND 23.95 - 22.58 AREA THE REASON IS SIMPLE 1. STOCHASTIC OSCILLATOR HIT...
Hey fellow Traders! Today From MAINZ, Germany to NEW YORK . In the last Analysis we talked about upside potential of the freshly developed Covid-19 Vacccine from NASDAQ:BNTX and NYSE:PFE Also calling out those huge gains even before all those news were released. "Today those companies announced their mRNA-based vaccine candidate, BNT162b2, against SARS-CoV-2...
Hello traders and analysts, Basing the QQQ upon the Nas100 - this is the fund version. We will be seeing two areas where price will fall to over the election period. No write is needed as our previous analysis's on SPX, DAX, FTSE cover all information. It is earning quarter, but the political and social landscape of the US is something to consider and not over...
Hello! I hope many of you have been prepared for a pull in the indexes. The whole move lower right now is fueled by the fact that nobody owns protection into November, which is crazy considering there are elections coming, and now suddenly all the fund managers and retail crowd are slowly starting to realize it. The correction is very much needed to let some...