Now I am kicking myself in the behind !! We should have seen this opportunity for Zoom Technologies.
The nasty pandemic would have driven everyone towards online communication.
To top all of that, there was even a Bullish Bat pattern formed from the first day Zoom when IPO.
It even came back down to test the PRZ for a Type2 Entry
NOT advertising or anything...
Was chatting with an old friend and guess where we worked together last time ? No points for guessing.
Harmonic Patterns we originally created based on the studies on Stock prices. So yes it does work on Stocks & Indices too
I see two possibilities:
1. Bounce off the ABCD pattern at $3.00
2. Head slightly lower to complete the Bullish Crab Pattern at $2.84,...
The USD has been on a bullish run this past weeks. Most other currency falling against the USD.
Spotted a Bearish Shark pattern completing higher.
Another area where the DXY can turn could be at the recent highs.
Let's see and track this move on the USD together
Just looked at the daily chart, seems that we could be on the start of a new down trend
Too much news coming out of the US: Sino-US trade war, Presidential impeachment, Iran bombings etc etc
I just look at charts these days
Quite a number of my participants in my last event in Bangkok was asking about Gold
I have not been trading gold much these days, hence I am taking a look at it today.
I would expect to see more downside for Gold, towards the Bullish Bat Pattern completion at around the 1418 levels