MoodandMarkets

MoodandMarkets

After a volatile falling A-B-C correction and a breakout of the falling line, here is a backtest by a correction style. It suggests me the gold will attack the upper line of the falling red channel around 1900. If this view is true then the gold is not allowed to fall below 1856! We'll see. Dear followers, I wish you Merry Christmas!

MoodandMarkets

An upper line of a falling channel(greyline) is being backtested after breaking up on the 9th of November. Now I am waiting for the further rally to 127 or more. The middle of the falling red channel should represent support and sooner it should be broken upward in the wave fifth wave. Important: If EURJPY goes below 123 then this bullish view will be getting...

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A Cloud Disruptors IPO share, it is like a rising star. Datadog operates a fast-growing software platform that monitors customers' cloud activity and mines it for business insights. it is a 28B market cap share. Now it has reached a support zone and another one lies around 60$. I suppose that it will find its support levels soon and start a big run...

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After a rising rally from 1.16 with an impulse wave has been unfolding a declining Zigzag correction to the Fibonacci retracement level. Around 1.1720 the EURUSD should find it's bottom and further rising should come to new highs. Important: If EURUSD goes below 1.16 then this bullish view will be getting problematic and the EURUSD could decline a minimum 1.15 or...

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I would like to inform you about a very matured correction on the EURGBP. If there will be the break-up, then the new wave up is working and it will be good to be apart in. Waiting for the break for more pieces of evidence!

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After a long rising and lower top the rising green channel is about to break down. I expect further falling to retest the COVID low. On the lower timeframe, the rising correction will create the short juncture. Target zones of the fall are: 12500, 11500, 10000, 8000 Rising above level 13360 will eliminate my bearish view!

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I have mentioned sometimes that above 11.000 the bulls will be victims. As I say in the Closer to the frontline idea: " I would like to see even a failed breakout, and then after a huge reversal." and now I can not say anything else. Maybe we saw the failed breakout and now the continuing should happen in a good and clear reversal pattern. Because of the C wave...

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After a zigzag correction, there was a big turn last Friday. I expect to see further rising, but I will wait for a little falling correction. Maybe a multi-year sideways correction is over and new high will come but do not run forward, so wave 2 correction is needed. Here is the time for dollar coming back?!

MoodandMarkets Updated 

As I experience in the financial news the dollar is getting buried. Zero-interest rate environment and unlimited stimulus are not in favour of the dollar against limited stimulus EU zone package. But I do not like such a fundamental bullsit what I have made, so let me see the technical picture. In my word, the EURUSD has reached the resistance zone in a five-wave...

MoodandMarkets Updated 

Post-COVID rising seems to be corrective and meaningful downturn should come sooner as the blue line represented on the chart. A failed break up should manifest in a large black candle. As do the evidence-based trader I am waiting for the reversal pattern which creates the next juncture in the wave down. Be patient!! one of the most important elements for...

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Early to declared that AUDUSD has found its top, but maybe so. The next essential element for that to break down the trendline. Let's see the break with a good reversal candlestick pattern. There is a good chance because the rising is very matured. The Intermarket analysis suggests the next motive wave should strengthen the dollar because everywhere is near the...

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Cable has the first motion to upward and further rising is expected through the upper line of the declining channel. The next stop might be 1.37 where a sideways correction could occur. It is possible not to see Cable below 1.3330 but too early to say so, so waiting for the next step out of the channel.

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Against yesterday's high the S&P500 should fall to new lows and turn the trend to down. It seems after a clear rising Zigzag correction the third wave is about to start. Important Always use stop order, cutting losses, this is one of the essential elements of your risk management and if you would like to be an independent investor then you must be the master of...

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Once upon a time, there was a great recession in 2008 and from there the USD is continuously strengthening in the red channel. This is a 12-year declining channel. The upper line of the channel has been approached again(1.18 - 1.20). This is the fifth time in this period of time and this is a very strong resistance zone The question is "break or not to break"....

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For weeks I loved the silver but now seems to be overbought, and overbought against the gold also(XAUXAG 79.25 maybe a failed break down). After a clear corrective wave (Zigzag, Flat, etc) further decline should come. So if there will be a reversal candlestick pattern, and a corrective Elliott wave then I will search for open a short position. Be prepared for a...

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Nasdaq is more than 3 times the size of S&P500! Nasdaq100/S&P500>3. This is an extreme situation because the last time when this ration was bigger than 3 it was in the dotcom bubble in the year 2000! So the Nasdaq is absolutely overvalued. The technical picture is that an expanding rising wedge has been built up and a classic throw over occur at the moment. So I...

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In our confused world, there are many believing from sperm bear to sperm bull. I can accept almost any opinion, but I will share my opinion about the technical picture. There are many alternatives, but I represent two conflicting forecasts on the chart. Let it clear, DAX has reached resistance zone designated by the previous peak. It could make a little new high...

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Many sentiment index are in extreme bullish territory like CBOE put-call ratio or the Rydex Bull/Bear ratio and so on. These signs made me cautious, very cautious. So I missed the last upward movement and waiting for opening a short position. The time has just come? Who knows in this very unpredictable, irrational time. The rising seems to be matured, the...