A long term look at ETH.
Are we repeating patterns in time and price?
After the 2018 top and 90+% drop there was a 382 rally which we have had from this recent low but this time we have hit it twice. There is also an ABCD pattern higher at 2200.
If we look at time now. From the 2018 high to the 2021 high there are about 1400 days, so if we...
COINBASE:ETHUSD is moving towards some major levels in time and price.
We have the equal time and price with the August 2022 high, April 2023 high giving us a potential high around the 17th of December.
There are double 1.27% Extension areas from those previous 2 highs around 2300.
The 382 from the ATH @ 2400 and if we break that then the 2600 level will be...
FXOPEN:XAUUSD had a break yesterday but didn't quite get to the targeted Sell area. Now we look for more downside and a Target of 2k to complete the ABCD pattern down.
The other option is a rally from here up towards 2050 to tie in with one more move to the downside for the DXY. Plenty to watch for today.
Enjoy the day.
OANDA:USDCAD Has hit a major Double ABCD/Gartley Buy Zone. With the DXY also getting close to a reversal area this could be one to watch.
There is also the 61.8% level from the September low.
A multi month pattern that lines up nicely.
Enjoy the week.
I will be back posting more content going forward.
OANDA:USDJPY is finally headed lower towards the 145.00-145.50 area where there are multiple patterns completing. From here we should see some type of rally and the way it moves will give us the clues for a bullish or Bearish continuation.
Def one to watch over the coming days.
NFPs tomorrow which will stir the $$ up either way.
Enjoy the day.
OANDA:EURUSD After a spike low on Friday we now look for a correction before more downside.
If it doesn't bounce and breaks below 1.0840 then I will have to adjust to a new move, but for now this is the best looking scenario.
Once this smaller move completes that will give us the upside target where I will look to Sell.
An Intra-Day look but I will post the...
FOREXCOM:XAUUSD & FXOPEN:XAGUSD are at key Double Fib levels at the same time. We are also in a Change in Trend Window today and with a lot of things at extension levels and with Interest rates in the US coming out tonight its setting up for a volatile day.
I hope this helps.
Enjoy the day.
SKILLING:NASDAQ is starting to look nice with some levels to watch in the coming weeks. Tech has had a big run off lows this year after getting beaten down last year.
Bullish Scenario sees an ABCD down to the 12k area then the next leg up.
There are still unfinished patterns down below 10k to complete but it can go higher first.
On a shorter TF look for an...
NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance.
We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking...
OANDA:EURUSD Completed a 3 week pattern on Friday now im looking for a 382 retracement to get short for the move lower.
DXY seems to have hit a low as well which should give us more downside.
Targets are 1.0800-1.0860.
Potential on more downside with bigger patterns playing out.
Enjoy the week.
OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks.
If its really bullish it needs to hold this 78% level and head up to new recent highs.
Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980.
An Ideal Scenario sees us getting a retest of 4100 which has been...
A look at possible CIT Windows today in the Forex markets.
After decent breaks in these markets overnight we could be in for more of a correction.
OANDA:EURUSD FX:GBPUSD FX:AUDUSD TVC:DXY FX:USDJPY FX:USDCAD
Have a great day.
With larger levels up around 78% 1972 this is a short term look at FXOPEN:XAUUSD with some possible selling today. Its been a massive run up and needs to cool off before the next leg high.
Key Time for today is 90mins before the US Open. A rally into this time could see selling for the rest of the day. Keep an eye on the DXY as well. It might be getting close...
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time.
But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head...
OANDA:XAUUSD also had a nice rally on friday. Now we look at how it reacts on Monday.
Ideal scenario would see us get a 382 retracement back to the 1643 area to then look for the equal leg ABCD towards 1680 and potentialy a move to the 61.8% 1733 and beyond.
But as we are in a down trend we need to be selling any ABCD Retracements.
Another one to watch early Monday. 👍👍