BINANCE:SOLUSDT is in an interesting area where it could go either way. Upside target on the bigger pattern that has been running all year is around 34 (Fibonacci number). There is a CIT window on Friday 21st April so if we get a retracement back to 22-23 area that will set up the move higher. There is also the possibility of a deeper correction back down to 15...
COINBASE:ETHUSD has started the next leg lower which im thinking could finish around 650-700. The 88.6% retracement from the ATH. There are other possibilities with 1200 holding followed by another rally above 2k then lower from there but as it stands it looks as though it could follow the stockmarket down as well. Looking for a retracement to sell short again...
OANDA:SPX500USD has had 3 big gap days to finish the week really strong. Could we see the bigger pattern play out towards the 61.8% level from the ATH? or even 4400.. There are a lot of resistance areas to come before that level so ideal scenario is to wait until we get a tradable retracement to buy. There could also be a deeper correction before higher prices...
SKILLING:NASDAQ is starting to look nice with some levels to watch in the coming weeks. Tech has had a big run off lows this year after getting beaten down last year. Bullish Scenario sees an ABCD down to the 12k area then the next leg up. There are still unfinished patterns down below 10k to complete but it can go higher first. On a shorter TF look for an...
NASDAQ:AAPL Has rallied 35% this year and is coming into Earnings this week. Most of the other Tech giants have reported and have had rallies, Is AAPL going to continue this or are we due for another correction to get long. If its really bullish like the last move a move back to 160 would be all we get. If it breaks through these levels then 150-155 is the...
NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance. We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH. The measured ABCD is up just above 300 which is also a major FIB number 3. We have just gone past equal tops in time. If its similar to the last retracement then we should be looking...
OANDA:EURUSD Completed a 3 week pattern on Friday now im looking for a 382 retracement to get short for the move lower. DXY seems to have hit a low as well which should give us more downside. Targets are 1.0800-1.0860. Potential on more downside with bigger patterns playing out. Enjoy the week.
COINBASE:ETHUSD A long term look at ETH. Are we repeating patterns in time and price? After the 2018 top and 90+% drop there was a 382 rally which we have had from this recent low but this time we have hit it twice. There is also an ABCD pattern higher at 2200. If we look at time now. From the 2018 high to the 2021 high there are about 1400 days, so if we...
OANDA:SPX500USD is starting to clean up and give us a real clue as to whats coming in the next few weeks. If its really bullish it needs to hold this 78% level and head up to new recent highs. Due to the drop in yesterdays session we now look lower towards the 4k level and even as low as 3980. An Ideal Scenario sees us getting a retest of 4100 which has been...
OANDA:XAGUSD is looking to go lower to 19.00 but are we going to 23.00 first then selling from there. If we get below 21 then we are on our way but a rally from here would see 23. Smaller TF there is an ABCD and a Gartley where it is now. I hope this helps. Enjoy the day.
A look at possible CIT Windows today in the Forex markets. After decent breaks in these markets overnight we could be in for more of a correction. OANDA:EURUSD FX:GBPUSD FX:AUDUSD TVC:DXY FX:USDJPY FX:USDCAD Have a great day.
With larger levels up around 78% 1972 this is a short term look at FXOPEN:XAUUSD with some possible selling today. Its been a massive run up and needs to cool off before the next leg high. Key Time for today is 90mins before the US Open. A rally into this time could see selling for the rest of the day. Keep an eye on the DXY as well. It might be getting close...
SP:SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time. But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December. If we get there earlier and go through 4200 then a major low could be in and we head...
OANDA:XAUUSD also had a nice rally on friday. Now we look at how it reacts on Monday. Ideal scenario would see us get a 382 retracement back to the 1643 area to then look for the equal leg ABCD towards 1680 and potentialy a move to the 61.8% 1733 and beyond. But as we are in a down trend we need to be selling any ABCD Retracements. Another one to watch early Monday. 👍👍
FX:EURUSD had a nice reversal on friday and now looks to be headed above parity again before we see more selling come in again with a move that could take us to new lows again. Monday I will be looking for a high to come in then look for the first retracement to Buy. Ideal scenario would see us come back to 0.9800 around the 382 then rally from there. A big...
Waiting for this low to come in and give us our next sell level. Multiple corrective patterns over the last couple of months followed by a sharp drop has set up more downside. It could get back down below 20 again before the next decent rally. Ideal scenario would see a rally back to the 38 area in an ABCD pattern over a week. Lets see how this one plays out..
FOREXCOM:SPXUSD Has some nice symetry and patterns working in the longer TF. We have the smaller cycle looking for a low around the end of October with the larger cycle taking us into Jan next year. This could also be the start of a 2-3 year cycle taking us down to below the Covid low. But one step at a time. Looking for a rally over the next few days to sell...
FX:USDCAD on the longer time frame it looks as though we are heading a lot higher towards 1.3000 - 1.3300 areas. 1.3026 is the 382 from the 2020 high. This is also the area where the ABCD will finish from October last year. There is also the bigger ABCD from June last years low. Once these patterns finish later in the year there could be another big sell off....