AhFarouk

AhFarouk Updated 

1. The prices respected the limits set in yesterday's post but as usual I must update them according to today's fluctuation. 2. After completing one medium wave on Eliot pattern including correction ( ABC ), prices should retrace again upwards to perform a new peak between $98.7x and $103.8x but it must first penetrate the downtrend line (dashed blue) and the...

AhFarouk

1. The prices respected the limits set in yesterday's post but as usual I must update them according to today's fluctuation. 2. After completing one medium wave on Eliot pattern including correction (ABC), prices should retrace again upwards to perform a new peak between $98.7x and $103.8x but it must first penetrate the downtrend line (dashed blue) and the...

AhFarouk Updated 

1. Prices are respecting the analysis posted three days ago but the chart should be updated in accordance as target and pricing levels have been changed. 2. Prices kept fluctuating inside the supporting (green) zone at the testing zone between $101.7x and $100.4x. 3. The downtrend line (dashed blue) positioning also have been changed from being supporting level...

AhFarouk Updated 

1. Prices are still depreciating and find a big support coming from the downtrend line (dashed blue). 2. Candles continue fluctuating inside the horizontal testing channel inside the supporting (green) zone between $104.5x and $107.0x. The Lin-regression pattern confirms the same idea that prices fluctuating inside the channel around the middle MA without any...

AhFarouk Updated 

1. Bears are still having the upper hands since Tuesday and push the prices to the lowest level since 08/02/22. Bulls fail to push up the prices to the first level of resistant (red) zone and even to break the minor downtrend line (dashed blue). 2. Prices still fluctuating inside the testing zone between $107.6x and $111.1x. In case bulls succeed to break minor...

AhFarouk Updated 

1. Yesterday, bulls had lost the battle against bears at the 61.8% level and failed to break the $128.5x and rebounded back to the correction zone. Now, prices loss approx. 16% of the maximum winning value of yesterday. 2. At this time, short traders and long investors started to take rest after the previous day of historical increases since the year 2014 to...

AhFarouk Updated 

1. Price break the $123.75 level and stop fluctuating inside the correction zone and the fight will start between bulls vs bears @ 61.8% level to penetrate $125.5x. 2. Penetrating the $125.5x level means that bulls wins the battle and will continue their pathway to hit the target @ 141.4% level and achieve the $140.4x. 3. It is well noticed that this target...

AhFarouk

1. On 04/03/22, I predicted that bulls will try to push the prices to the $125.5x limit at the new start trading day which is today. Actually, the day started as expected and over as the prices close @ $126.94 in the first trading hour of the day which matches my expectations. 2. The slow down performance in the increasing direction by the end of 04/03/22 made my...

AhFarouk

The above chart gives my prediction for the week depending of interpretations of past week.

AhFarouk

1. Yesterday's model held on all the day and most of predictions had been successfully achieved. 2. The prices penetrate the $111.xx level and finds its way easily to the $115.xx level where I expected a battle between bears and bulls at this region. The battle ended by closing price $114.95 (approx. to $115.00). 3. Since corrections had been done at the upper...

AhFarouk

1. Minor variations in values of pricing levels. 2. Prices now are still fluctuating in the correction zone between $108.6x and $104.6x. 3. RSI shows that the bulls are active when the market starts. First uptrend confirmed if the price exceed the first resistant line (first target) above $108.6x and break the major trend line as well. 4. Breaking the $111.1x...

AhFarouk

1. As expected at the beginning of the trade that prices would tend to reach a limit over than $115.xx before making a downtrend at minimum level of $106.3x. 2. At the moment, prices are making minor corrections inside the resistant (red) zone to move up to achieve the first target above $112.7x. Prices will not enter the supporting (green) zone unless it reaches...

AhFarouk

Yesterday's expectations had beed achieved today according to target levels assumed. The above chart is updated based on price fluctuations as all support and resistant utilities have been shifted upwards due to big market trend. The price raise will continue also for today trying to penetrate the $115.xx level with two resistant points of minimum $106.3x....

AhFarouk

1. As expected in my updated comment in the previous idea , USOIL (02/03/33), which I expected that the new market day will start with a big jump due to selling from traders to collect the profit at the higher levels reached yesterday. 2. This is normal because market must make a backward rebound for corrections after the massive increases yesterday. 3. Also,...

AhFarouk Updated 

Prices still going up without doing any efforts by using a technical indicator or pattern. Just recognize the candles (open and close) and compare it with previous one to confirm the direction. No turbulences will affect the up trend direction of the market at the moment. I just added the new pricing targets for traders to know where is the market located and...

AhFarouk

The price is fluctuating inside the major (red) resistant zone @ 76.8% level as long term bulls hope to push the price over the 100% level to collect the maximum profits (creating a new LH point) since they succeeded to hold the prices inside the resistant zone before closure yesterday. For safe trading the entry point to be after existing the 61.8% level @ price...

AhFarouk

1. The green inverted hammer candle created during this session is still moving inside the previous bearish (red) candle limits which a false evidence for up-trending the prices (bulls attack). 2. The price will touch the support zone @61.8% level around $94.2x then according to traders performance prices will rebound from this level to first limit in upper...

AhFarouk

1. The price gives a strong jump reaching the outer resistance limit and fail to close over $4.63 and rebounds back to the supporting zone. This jump was due to traders willing to collect last week profits and soon the market will act normal. 2. At the moment, the price in the testing region @38.2% level inside the supporting zone to perform corrections around...