Based on the chart, the price has retested the descending channel for three times, and has started to gain from the black trend line and the channel support ✔️ and now the price is located in the vital zone that you can see on the chart with the purple colour near the round number of 3000 ✔️ if the price breaks the zone to the upside, we will see more gain at...
Based on the chart, the price has started to gain from the red trend line and the support area located on the chart and breaks the channel resistance to the upside ✔️ and now before more gain, we can see brief correction to the downside and hitting the red trend line again and start gaining from there at least to our weekly trend line (with black colour on the...
Hello traders: WHEAT is also looking clean for the downside reversals. We can see that price has formed into a larger, higher time frame ascending structure, correcting the price up. We also see a clear rejection and a possible bearish reversal impulse, after hitting a double tops. HTF: Latest development has shown us a bearish reversal impulse after...
Hi everyone: OIL has been on my watch for the last few weeks, and since the tension between Russia and Ukraine got worse, we did see a strong push to the upside initially. But, after last week, we are seeing some potential reversals on the lower time frame, which can develop more to confirm the overall higher time frame bias. Personally I do still see a...
Hi traders: Similar across other JPY pairs, here on CHFJPY is also looking clean for bearish reversal downside. We can see a higher time frame ascending structure, correcting the price up. At the top of structure, clean bearish reversal correction as a Head and Shoulder, reversing down the price. Now that price has formed a right shoulder, continuation...
Hi everyone: AUDJPY is also showing good signs of bearish price action. After the initial bearish impulse on the higher time frame, price has developed into a larger structure with a few swing highs and lows. We then see a double tops , price reject and a bearish impulse reversal. Latest development show a continuation correction after the impulse down,...
Hi traders: With the tension between Russia and Ukraine, we can expect the market to be volatile and moving during an uncertainly time. As we know, USD is a safe haven currency, and here on USDRUB, we can see clear bullish price action on the bigger time frames. With many bullish impulse phases follow by bullish continuations, price is getting push up to all...
Hi everyone: Also on my watchlist is GBPUSD, together with other USD pairs on watch as well. We can see from previous forecast and analysis, price formed that ascending channel, and a clean impulse down from it. However, price didn't break the lows and continue, instead a reversal up, and form into an expanding structure. We can then see a double tops,...
hi traders: Previous sell forecast didn't develop into further confirmation to sell, and price has managed to move up now to another previous highs. This time, price is event better in terms of the bearish reversals. WE can now see a double tops, larger ascending structure, and smaller ascending within. The price continue to evolve structure, but higher...
Hi traders: We have seen a strong bearish reversal price action during the NY session of yesterday, and now many of the pairs are looking very bearish, and could continue down further. Here on AUDUSD, price correctively move up to a double tops within a larger ascending structure. We can see more bearish reversal patterns within as another smaller ascending...
Hey traders, Update for gold. Analyzing an intraday perspective I spotted a horizontal trading range. To catch a bullish movement, wait for a bullish breakout of its upper boundary. You need an hourly candle close above to confirm the breakout. Then a bullish move will be expected at least to 1972 level. In case of a bearish breakout of a range the setup...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for NZDJPY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hi guys! 👋🏻 🔔 Bitcoin has formed a parallel channel on a daily chart, strictly following its borders. 🔔 The last two uptrend moves have an identical angle and length, I just drew one and copy pasted to the second = identical. 🔔 With that being said we could anticipate another uptrend move as Bitcoin tested the lower edge of the parallel channel. And if that...
GBPUSD is trading in a bearish trend. The market is falling within a falling channel. I believe that quite soon we will see a bearish continuation to 1.32 For shorting consider 1.35-1.36 zone. Good luck! ❤️Please, support this idea with like and comment!❤️
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts...
The altcoin market cap is retesting the Downtrend line with a good Double bottom. Bitcoin pumped hard yesterday and Altcoins were pretty Sluggish... But if we break this Downtrend line, WE will pump hard. Waiting for the trendline to be broken for an #AltSeason