The price has broken through the super strong level which will support it going further. Its gravitation will hold the price near for the time being. Hard to get over the beauty of this move, the manifest of universal laws in the price of a currency..
The price dropped to super strong level of support. It is unlikely to break it at once. The count suggests it will keep trying until the next year or something.
Bull Up condition :
1) BRENT candlestick has BO Level-2 of Raising Stage (E), next target going to be 96.55 (Level-3)
2) Tricol+ indicator - Banker's sentiment (red) above 75%, still in bullish trend
Support & Resistance:
S : 89.37 (-1.81%)
R : 96.55 (+6.08%)
Remark:
- length of AB=CD=DE=EF
DISCLAIMER:
Analysis above SOLELY for case study purpose, not a...
View the latest Natural Gas Jan 2023 Stock (NGF23) stock price, news, historical charts, analyst ratings and financial information
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The near term wave count suggests that a bit more upside can be expected to finish wave . Wave (C) of can come out as a contracting or expanding diagonal. At his point it is difficult to tell the shape of it.
If a breakout out of the ascending pattern happens, we may see a bull run to 68-70. Note that breakout may happen not now, but after another small correction.
The price has finally left the triangle and I expect swift decline, however nothing major to write home about. I reckon we are still in a bigger triangle and after swift portion of decline we might get entangled in see saw movements.
Flipping sides as suddenly I see indications for USDRUB to go up and for XAUUSD and XAGUSD to start sinking. Bulling case looks increasingly stretched.
I suspect that waves (i) and (ii) might be over and we will have a thrust upwards despite expectations for a longer and more organically looking diagonal.
The "Head and shoulders" model is the most common reversal model.
The main prerequisite for the formation of a reversal model is the presence of an active trend: from 10.10.22 to 14.11.22, the Index was in an uptrend. The trend line has 3 confirmation points A, B, C. It is important to note that each of these points forms support levels.
After breaking the ABC...
I was pointed to inconsistency in my nested wxy and had to revise the count. My long awaited short might have just got postponed a bit more until a more sizable triangle is formed.
Natural gas is showing bullish signals on the weekly time frame. Here’s a long opportunity.
=> Exit at first reversal signals (basically from fondamental news).
USDRUB futures are coiling in something increasingly looking like a triagnle in wave (Y) which would be the most logical copletion of [W ] [X ] [Y ] combimnation of [W ]- flat | [X ]- combination of zigzag/zigzag/triangle | [Y ] - triangle. This last triangle can be bigger though and spill to next week.
Very interesting count of nested wxys. Looking forward to see how my shorts will survive through this volatility. Combination of flat|combo|zigzag. The x combo is itself a combination of zigzag|double zigzag|triangle. Gosh, this was difficult to decode!
Today Ranks analytical crew has made a fundamental analysis of the Ozon company.
What's the matter? 🧐
Recently, OZON published the results of the 3rd quarter of 2022.
🟢 Analysts for the first time saw in the company's statements a positive free cash flow (money that the company can freely dispose of) 💰 in the amount of 864 million rubles (in the same period...
