So far, NatGas fulfills all the requirements for the correction. The ideal target of this is at $3,669. At the end of the correction, another long trade could be entered to profit from the rise towards $4,779.
The EUR/TRY breaks below our trendline. We now see a bigger correction on the loom. Wave 5 in orange should now be completed and the next move belongs to the bears. We now expect declines down to the 9.74 TRY area.
What's your take?
...up up to the sky!
The NASDAQ is pushing for new all-time highs. The resistance at 14996 is broken and the way for higher quotations is paved. We now expect further bullish action until we reach the 15600 area.
To uphold the expectation the NASDAQ needs to stay above 14445.
Since I left ain't too much changed, still
I'm representing for them cryptos all across the world...
Ethereum is still out here repping. But like Dr.Dre said it. Since we left ain't too much changed. Ethereum is still cought up in the corrective wave in between the orange triangle.
Despite the countermove yesterday we still see further correction until we reach...
YOU WISH! We’re not scared AT ALL! The Bitcoin price is approaching the blue trading box, and this is what we are waiting for. Somewhere in the middle of this zone, the price should turn around to start rising again and strive for new all-time highs. A premature breakout has currently only chances of 20%.
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After the recent correction, the Dow Jones is recovering again. However, we believe that there is still some potential on the downside until somewhere around 33299 points. Once within that area, the Dow can start its final recovery and push for new all-time highs above 35000 points. It is only important that it stays above 32902 points.
The British Pound started to lose value against the Euro, just as we predicted. Today, the course left the trading zone and we expect further increases to occur soon. In total, the movement should stretch out all the way above GBP 0.89292 per Euro.
Let’s wait and see!
The GLD price has reached its ideal mark at around $171.43. Now, we expect the price to drop all the way down to levels around $162.15. Ending the correction there, the GLD can then look forward to gain upward momentum.
Enjoy your weekend!
The discussions at the tables at the OPEC+ conference do not end, and it shows. We expect the course to drop for quite a bit now. In total, the correction should end somewhere between $41.29 and $39.27, before new bullish runs set in. Once that happens, prices above $59.35 will be targeted.
Let’s go Bears!
The bearish trend is not over, yet! We still expect the price for Ethereum to drop and enter the blue trading zone. From there, the renewed upward potential will emerge and the prices can start to push for new bullish runs. However, the price should not substantially fall below $1000.
Another week, another all-time high for the S&P500 – and it does not stop there. We expect the course to further rise to levels above 4426 points. There, a correction should pull us down under the support line at 4353 points. In the mid-term, the course should rise to levels above 4547 points.
Bull, Bull Hooray!
The Nasdaq is about to cross the resistance line at 14883 points, which means that new all-time highs are coming! We expect the index to further rise until at least 15001 points, before new corrections come our way.
For the beginning weekend, we would like to share our long-term outlook for the silver market. Here, we expect the price to fall all the way down between $18.62 - $13.70. The first major hurdle will be to leave the triangle at $25, as there is a 40% that the curve turns around there and starts the alternative breakout scenario which would bring the price up above...
In the longer run, we expect the British Pound to lose significant value against the US-Dollar. From the current level, our expectation centers around the mark at GBP 1.0480, but once the course reaches the blue trading zone, the course can turn around and push for renewed gains against the USD.
In our analysis of the AMC stock, we expect the price to explode quite soon… again. Before the price hits $37.71, we expect the course to turn around and push for prices around $95.17 and potentially higher, if the stock price breaks out above $101.17.
Clear thing: Hyper!
The Turkish Lira gained a little bit against the Euro but not really significantly. However, we have identified a channel and we expect the Euro to push for another strong run towards 11₺. From this level, we might see a correction.
Keep your eyes open!
The German index has had its troubles with the resistance at 15806 points. However, the longer the course is stable and close to this mark, the more positive are we that the final push will come soon. Once above 15806 points, we expect the course to reach new all-time highs around 16591 points.
Patience is key!
We are still expecting lower prices for Bitcoin as we are approaching the blue trading zone. Within that area, the price should recover and push for a bullish run. However, it should not drop below $16400. If the price increases and crosses the resistance line at $42300 (30% probability), we should see new all-time highs much earlier.
Have a great weekend!