We see a leading expanding diagonal. The target zone of five waves intersects with the support line of the higher timeframe. Wave rules are complied. Further, we expect a rollback towards the resistance line - wave B and a subsequent correction - wave C.
A potential black swan that could happen would most likely be due to Russia's nuclear war blackmail.
Best...
Hi All,
as we gear up for the week, We are looking at buying the USOIL from current price, price is currently printing HLs which means the possibility of the break out of the downward channel is on the card, we do not expect a full blow bullish movement, however few pips won't hurt.
Entry, TP and SL marked.
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PLTR Already breaks its strong support zone and retests it again, so this is good for taking short positional trad also US index is bearish so the probability is high to give a good risk reward.
During the summer of 2022, we laid out a thesis about the stock market progressing in the second stage of the bear market. We said that we would look for signs of corporate underperformance and downgrades in forward guidance within earnings statements for 3Q22 and 4Q22. In the 3Q22 earnings season, many companies began downgrading future outlooks and warning...
The ongoing COVID-19 pandemic crisis has proven to be one of history's biggest market fluctuators wth economies worldwide taking the same hit and businesses scrambling to stay afloat. Where lives and livelihoods are at stake every ticking second, the US has recently started QE (Quantitative Easing) to help the economy brace itself for the drastic negative effect....
What's your current take on US Oil. This market seems to have really peaked my interest and I believe most of my profits this year will come from oil.
Just a quick breakdown of what I see potentially happening for oil.
Globalization is dead.
The fat lady has sang, the dirt is piled high next to the hole in the ground, obituaries read, notices had been long mailed to all the parties concerned. All there is left to do now is to show up at the funeral - provided you are not too busy starving or freezing to death, or otherwise engaged with similarly pressing diversions.
This IS...
Hi All,
A nice opportunity has presented itself on the US30. An Inverse H&S pattern. Looking at price action we can see price printing a HL which also shows a possibility of price moving a bit higher in the short term.
entry, Sl and To marked.
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Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is.
Any...
Looking at the H4 chart, my overall bias for USOIL is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 80.22, where the 38.2% Fibonacci line is. Stop loss will be at 82.44, where the recent high is. Take profit will be at 77.90, where the 50% Fibonacci line and support is.
Any...
Hey traders, a 25 bps next meeting should trigger more dollar bears, hence in this week we will be monitoring GBPUSD for a buying opportunity around 1.232 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDZAR gained momentum in pushing to the upside since South africa had a negative impact on the economy due to the poper supply issue. We our first price target from last week was that price would hit 17.50 but now that it has made multiple breakout on certain levels we looking forward for the price to head around 17.70.
We see a very clear price has reached...
A peak was made when price was almost at 35000 and it has been bearish ever since, currently price is forming a bearish penant pattern that I expect that price will fill the imbalance at 33750 before it sells to 31700.
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a retracement pullback buy entry at 76.84, where the 50% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line...
DX1💥4H-TIMEFRAME ANALYSIS
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Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a retracement pullback buy entry at 76.84, where the 50% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is.
Any...
Looking at the H4 chart, my overall bias for USOIL is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 77.90, where the 23.6% Fibonacci line is. Stop loss will be at 72.42, where the recent swing low is. Take profit will be at 84.70, where the 61.8% Fibonacci line is.
Please be advised that...
