Dear colleagues, having analyzed the chart I have redrawn the Elliott waves. I believe that the price formed a correction and now begins a major wave 5, which will reach at least the resistance area of 1.26498.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The gold price is still moving sideways. The market is bouncing between range boundaries. I think the market will range for accumulation. The price usually moves sideways at key levels. I expect it go down to retest the support level and break through the upward channel. Fake break is a great signal of the liquidity above the resitance that has been taken. After...
OANDA:XAUUSD traded within a 200-pip range throughout yesterday, establishing a distinct support at 2020 and a ceiling around the 2040 zone.
The jobless claims failed to provide a clear directional cue. Following an initial dip to the support level, Gold swiftly rebounded, settling around the familiar 2030 mark.
Maintaining the stance shared earlier this week,...
The launch of the Bitcoin spot ETF has ignited a wave of optimism in the crypto market, leading many coins to surpass crucial resistance levels.
However, COINBASE:LTCUSD lags behind, still trading at 75, below a significant resistance level. On a positive note, following the recent low in October, November 22 brings a higher low. Moreover, with the coin...
Recently, FX:AUDUSD broke above the important psychological and technical level of 0.65 and the pair has reached a high at 0.67.
A normal correction followed and the pair dropped and tested the broken level.
Yesterday's close brings us a bullish engulfing candlestick pattern which could indicate the final of correction and the start of a new leg up.
I'm bullish...
The price made the impulse leg fall downward, breaking the strong support level. The market broke through the upward channel and closed below. The resistance zone is a previous-week low, and if it pulls back that resistance zone and rejects it, then the market may continue moving further downward because the price bounced off the upper border of it before. My goal...
The price perfectly fulfills my last idea. The market has been moving down from resistance; it has failed to update its highs. The market pulled back after the bearish impulse move. The price has bearish momentum, and it might fall below the range zone. I expect the price to move lower because, on the daily timeframe, it formed a double top and then fell from the...
After making a low just under 100 mark in mid-July, TVC:DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October.
The attempts for a new local high failed and, at the beginning of November the index has started to fall, recently making a low at 102.50.
December's recovery is contained in a...
In my latest analysis of BITSTAMP:BTCUSD , I emphasized that the $35,000 mark serves as a robust support level for BTC.
As long as this threshold remains unbroken, the anticipation was for further upward momentum towards $40,000.
Now, with two weeks having passed since that analysis, Bitcoin has not only surpassed the $40,000 mark but has shown remarkable...
VANTAGE:NAS100 has experienced a remarkable year, witnessing a 60% surge in the technology index.
More notably, as the year draws to a close, it is hovering around the previous all-time high (ATH) zone.
Technically, following a false breakdown at the end of October, Nas100 displayed robust upward momentum.
Over the past three weeks, the index has been...
Dear colleagues, after analyzing the chart I realized that wave 5 has either already ended or will end soon. The price can still reach the support area of 68.06, but I will consider only long positions with the aim to reach the resistance area of 74.15.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
BINANCE:ICPUSDT has been trading in an immense falling wedge for a year and a half now.
At this moment the coin is exactly in the pattern's resistance and a break could fuel a strong rise.
The recent rise, although not so aggressive as in other coins could be interpreted as an accumulation in a rising channel which also adds to my bullish outlook.
In conclusion,...
Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a...
Recently, I highlighted a potential reversal for NZD/USD on a few occasions. This anticipation was based on two primary factors: firstly, the occurrence of a false break, and secondly, the emergence of a notably large bullish engulfing pattern in mid-November.
As predicted, the pair successfully surpassed the 0.60 figure and the horizontal level at 0.6050,...
The gold market is approching the previous daily highs. It formed a range zone after fakeout. The price made impulse move from the resistance zone. If price breaks and fixes below the daily low the market may continue moving downward. I think gold might retest the range boundery and upward trendline then go downward. I expect ranging market. My goal is the range...
The price perfectly fulfills my last idea and it went down from resistance. The price is in an downtrend and made new low after breaking range zone. The market fromed double top then broke the upward channel by making impulse leg. I think the it will go down and test the support level because it broke range zone and channel, additionally the trend is shifting. My...
In my yesterday OANDA:XAUUSD analysis I wrote that the situation for the medium term remains unclear, and this remains the fact so far.
However, there are some good signs for bulls:
First of all, after touching 2010 confluence support, the price reversed quickly to 2040 zone resistance.
Second, yesterday Gold has made a higher low in the 2020 zone.
Considering...
The price made a lower low, broke through the range zone, and made an extension toward the next support level. If the price pulls back to the resistance zone and rejects it, then we might see a further downward move or retest the recent support. The market reached the daily support level where we had a massive bullish move. I think a strong support level can lead...
