Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Reversal Structure at $8500 suggesting a decline to $3000 and possibly lower. Market structure of the run up suggests strong support at $4000 but the nature of the Harmonic Bearish Crab PRZ at $8500 suggest lower than even $3000 is likely. HOWEVER I will watch the lower time frames for bearish price structures and retracements up into the resistance level at...
Failed Market Structure. Resistance continuation pattern formed retest and run down likely depending on if the market does a lower low at $3235. Once locked we can sell more of level retests.
We have a bearish price action cluster on multiple timeframes with a resistance level at 1233.35 that could see prices bounce off to 1222.36. I watch for the failure of certain price structures and look for entries into higher time frame reversal and continuation patterns. Short term bearish, medium term bullish. We could expect a bounce off 1222.30 to 1234.44.
Price has formed a PRZ below the 1181.64. Target 1 1214.12. I will update and add Target 2 depending in the P.A at Target 1.
Reversal patterns on the lower time frames up to the daily (with the exception of the 1H) pointing toward a rally to 0.75727.
The lower timeframes have price action pointing downwards to 0.072200. The core resistance levels on these lower tfs overlap with the current volume-price divergence on the Weekly. On the flip side 0.072200 could turn into a PRZ due to the possibility of the formation of a Bullish Crab pattern at that level sandwiching the PRZ between 0.072200 and 0.071167 (which...
Price Reversal from 0.74988 to 0.73677 after a failed head and shoulder on the 1H chart.