EURAUD now is on support line and AB=CD pattern confirmed in chart. Three break out and bad follow through in daily time frame are sign of week down trend and I think its time to long again. EUR_AUD has almost reached a strong support Which makes me locally bullish And I think that we might see a bullish move up To retest the local resistance above LONG🚀
H4 inverted H and S Pattern currently at neckline Previous idea formed the normal pattern And EUR looks bullish long term to me
It appears that the leg count and the similarities (so far) of the current price action with the January-February sequence was correct. If the pattern continues to replicate in the same way, then Nasdaq is ahead of a strong correction as this suggests we are currently at the top of the last leg Well, considering that the price has lost its dynamic support and had...
I remain bullish but recognize that we may have to take a break. The NASDAQ 100 initially tried to rally during the trading session on Thursday but gave back the gains to form the third neutral or even exhaustive candlestick in a row. At this point in time, the market looks as if it is running out of steam, and therefore we could very well pull back towards the...
if our daily support manages to hold and we have a bullish candle close, we might see price push higher to the top/resistance of the range if you can see it. from there, if price manages to break we should see price push higher to complete the daily wickfll on the left and that is the daily resistance. price has been bullish for the past two weeks and if nothing...
XAU/USD (GOLD) - After strong bullish move, price formed pullback. We can see minor bullish reaction tot he previous highs 1820. It is possible to see further bullish pressure and move up.
A weakening in US dollar index right now can potentially push Gold to the upside. Currently Gold is in a wedge /flag kind of formation on small timeframes, once this is violated successfully we can see the yellow metal rising 300-400 pips. Do also remember the season? That Gold season. Yes, throughout History Gold rises so much in this season. Trade Smart! If...
I expect that Nq may reach around 15800 the end of 1st week of September or 2nd week. I think it follows path of rising wedge . I think volatility stays tight which should bring RSI well into overbought territory. Then I would not be surprised to find a big correction. I am waiting for my long signal which will likely trigger with a small pullback from here
H AND S ON H4 H1 EVENING star breakout D1 EVENING star breakout USDZAR descending triangle
Inverted H and S 4hr Possible retest or breakout of neckline I see retest and a new breakout of the pattern
MY ANALYSIS is short in that zone , ABC correction pattern likely to cause that 15150 stir among Nasdaq component COVID cases continue to spike higher darkening economic reopening. The consumer data shockingly has collapsed recently - including consumer confidence last Friday and retail sales. Several stocks have also stopped reacting positively to good earnings...
EURCAD has resisted the previous support at neckline, I foresee more bullish pressure to form the right shoulder
Previously I posted the nasdaq buy on long positions succeeding. Now we see the bullish run not stopping More bear rejections Target would be 15600
We see a retracement back to broken support now forming inverted H and S... The overall trend is ELLIOT WAVE 5 COUNT. WE on the 2nd wave which is the longest Aggressive entries triggered
D1 shows rejection 8hr shows H and S accompanied by all lower timeframes to H1 Evening star formation H4 to D1
Market is completely bearish. Many confluences showing me Repeat patterns. I'm waiting for the bullish setup
The pair has shown a lot of bullish support on 0.88 level I'm looking for another bullish wave 2 of the Elliot wave
I posted this nasdaq weekly setup a week ago getting ready for the down wave, you can see the previous related idea