USDCAD for some time now has been revolving around 1.310 support and 1.3878 resistance level. The overall structure can be said to be bearish looking at the WXYXZ structure formation.
From, trading perspective, I expect it to continue to fall from that height 1.3800 back to 1.3100 zone to complete the z of the WXYXZ complex structure.
Elliott Wave Analysis of USDCHF:
The Elliott Wave Principle is a form of technical analysis that tracks market price movements in repetitive wave patterns. These patterns are believed to result from the collective psychology of market participants and often follow a predictable sequence. The principle is based on the observation that financial markets tend to...
Home Depot Inc (HD) is trading within a Channel Up since the May 16 Low, strongly supported by the 1D MA50 (blue trend-line) following a 1D Golden Cross. The pattern is quite similar to the October - December 2022 bullish Channel and as a result we treat this as the last strong buy opportunity before the Resistance Zone test. Our target is its top at $347.65....
On this pair, we have an excellent support zone in which the price made a false break, effectively validating my trading position. The objective is to wait for the price to reach the highs at 172.11 and then identify a possible entry point within the demand zone.
Let me know your thoughts.
Happy trading to all.
Tesla (TSLA) has been trading within a long-term Channel Down pattern since the November 04 2021 All Time High (ATH). Since then we've had two clear Lower Highs (top of Channel) and three Lower Lows (bottom) with the most recent one being on November 09.
That alone can call for a new medium-term rebound within the pattern, but the strongest buy indicator at the...
BTC has been too volatile lately as despite making Higher Highs, it dropped back to Lower Lows and again. The pattern that has those characteristics is the Megaphone (Higher Highs and Lower Lows). Eventually this pattern will break as especially on Bitcoin, I have only found one other time ever that it traded within a Megaphone for a period of at least 1 month....
![GBPNZD: Continuing The Rise [GBPNZD BUY]](https://s3.tradingview.com/0/0LLQAN4Y_mid.png "Continuing The Rise [GBPNZD BUY]")
