The market has broken out 18.50-18.75 levels and it converted to a strong resistance.The market is pulling back this resistance. The 0.618 retracement of the prevous decline also locates at 18.91 level. So it may be good to sell short at 18.50-19.0 levels when bearish candles appear at this zone. SL:above 19.3 TP1:18.0 TP2:17.3 and further more
The bearish AB=CD pattern is completing at 1.107 level and 1.618EXT of the AB is also at this level. The 0.5 retracement of previous decline locats 1.107 level and 0.618 retracement is at 1.116,so this level will have very strong resistance. Meanwhile the most important is that the previous structure is also at this zone. So it is good to sell short at 1.107...
The NGAS has pulled back the 0.618 retracement of the previous decline and the market will be likely to continue the down trend. Meanwhile a pinbar appeared after the market hit the 0.618. So it is good to sell short at 3.06-3.08 levels. SL:above 3.20 Target:2.66 and further more
The market has entered the previous supply zone and will this supply zone still work? The answer may be positive.The price has stopped soaring and a structure is forming. So it may be a good opprtunity to sell short at 2.190-2.20 levels. SL:above 2.20 TP1:2.15 TP2:2.10 and further more
The potential bullish Garlety pattern will complete at 0.7547-0.7554 levels and the important up trendline also works at this zone. Meanwhile the previous strcuture also locates in this area. So it may be good to buy long at 0.754-0.755 levels when bullish candles appear. SL:below 0.750 TP1:0.760 TP2:0.766 and further more
The market has broken out 49.0-49.3 levels and it converted to the strong resistance. Meanwhile the market is moving along the downward channel and the upper edge of the channel also works at this zone. What is more,the 0.618 retracement is at 49.3 locating at this area. So it may be a good opprtunity to sell short at 49.0-49.3 levels when the market pulls...
The bearish bat pattern has completed at 104.7 level and the upper edge of the channnel is not far from this zone. So it may be good to sell short at this level in short term. SL:above 104.86 TP1:104.44 TP2:104.34 and furthur more
A potential bearish AB=CD pattern will complete at about 114.5 levels and the 0.618 retracement of the previous decline is at 114.8 level. Meanwhile the previous structure is also located in this zone. So it is good to sell short at 114.5-115.0 levels when bearish candles appear. SL:above 115.2 TP1:113.8 TP2:113.3 and further more
The potential bullish Gartley pattern will complete at 1261 levels and the D of the bullish AB=CD pattern also locates at 1260 levels. Meanwhile the previous low points also work at this zone. So it may be good to buy long at 1260-1262 levels when bullish candles appear. SL:below 1260 TP1:1266 TP2:1271 and further more
The potential bullish bat pattern will complete at about 2117 levels and the 1.618EXT of the AB is at 2115 levels. Meanwhile the lower edge of the equidistant channels also works at this zone. So it may be good to buy long at 2115-2117 levels when bullish candles appear. SL:below 2112 TP1:2130 TP2:2150 and further more
The market is moving along the down channel and the price has hit the upper edge of the channnel. The previous structure is not far from the channel,and the possible trading opportunities are as follows: Plan 1:sell at the upper edge of the channel and target to confluence of the channnel and structure; Plan 2:buy at the confluence of the channnel and structure...
A potential bullish Cypher pattern is completing at about 1.697 levels and the market is moving along the the equidistant channels;meanwhile the price has hit the lower edge of the channel. So it is good to buy long at 1.697 levels. SL:below 1.691 TP1:1.704 TP2:1.708 and further more
The bullish AB=CD pattern has completed at 49.2 level and 1.618EXT of the AB is at 49.1 level. Meanwhile the previous low point is also at this zone. So it is good to buy long at 49.1-49.2 levels when bullish candles appear. SL:below 49.0 TP1:50.3 TP2:50.9 and further more
Potential bullish BAT pattern is forming and the previous neat srtucture looks like firm.The RSI has entered the oversold zone at the same time. So it is a good chance to open long position at 2.07-2.09 levels. SL:below 2.06 TP1:2.13 TP2:2.15
The bullish Butterfly pattern is completing at about 1.21 levels and the bullish AB=CD pattern will finish at 1.208 level. Meanwhile the previous low points is also at this zone. So it may be good a opportunity to buy at 1.208-1.210 levels when bullish candles appear. SL:below 1.208 TP1:1.218 TP2:1.223 and further more
The potential bearish Cypher pattern is completing at 51.4 and 1.618EXT of the AB is also at this level. Meanwhile the previous high points and structure are at this zone. So it is good to sell short at 51.4-51.6 levels when bearish candles appear. SL:above 51.9 TP1:50.9 TP2:50.3 and further more
The upper edge of the wedge is breaching in daily chart.The MACD is moving above the 0 axis and the fast line is poking the slow line,in other words a golden cross is completing. If the breakthrough of the wedge is vaild,it is a good chance to buy long when the market pulls back the breached trendline. SL:below 1.300 Tg:1.400 and further more
A potential bullish Gartley pattern is completing at 17.15-17.23 levels and the D point of the AB=CD pattern is also at this level.The previous structure looks very firm there in daily chart. So it is a good opportunity to buy long at 17.15-17.20 levels. SL:below 17.08 Target:17.40 and further more The market must break though 17.37 level firstly before the...