MoodandMarkets

MoodandMarkets

After a corrective rising and a huge reversal, I expect to see a breath stop at the lower line os the corrective channel. A short rising correction and after that the selling pressure will continue.

MoodandMarkets

A fourth wave declining correction is underway and I expect to see the permanently falling will be stopped near the .382 Fibonacci zone or the rising 20SMA. After that, the next resistance zone will be around 24000 so the rising trend should be continuing

MoodandMarkets

In case of a fair turnaround, there will be strong declining with a little rising correction or sideways correction. The further day the DAX should reach its next support zone somewhere around 11400. The lower timeframe when I realise the correction movement like Zigzag, Flat or Triangle I would take the chance to short.

MoodandMarkets

After an impulsive rise which had taken over the previous high, there is three waves Zigzag correction just on the .618 Fibonacci retracement level. I like this combination and there is a swing trade plan on the chart. You should know we are just a few hours before the FED rate decision!!! Consider this circumstance when making a trading decision Disclaimer We...

MoodandMarkets

Tomorrow is about the FED, but it seems USD is getting come back. It has done a three waves Zigzag correction. The wave C seems complete and the Fibonacci level(.786) has been reached, so the next coming wave should be UPward. If it will be than this new wave will be spread through the forex market.

MoodandMarkets

Coming correction or new lows. Trend breaking is underway although the gap(green zone) could represent temporary support for a while

MoodandMarkets

Tomorrow there will be the FED rate decision but it seems something new is happening. Maybe a good reversal pattern will be and the falling is about to start! We will see.....

MoodandMarkets

It seems the dollar strikes back as I expected in the related idea. The further decline should come and I can imagine that 0.63 will be the first resistance. Better watch out!!! FED rate decision will be tomorrow.

MoodandMarkets

Near the .618 Fibonacci retracement level. Just filled the gap. I expect to see a reversal pattern and strong selling pressure. Strong but much weaker than in March and the bottom should be higher a little bit. The rising could continue but it is less probable and the falling line will be strong resistance

MoodandMarkets

A clear three waves structure, failed breakout from the channel. It is an A-B-C Zigzag after the Covid bottom. The rising is final? New low will come? We will see but everything will be decided around 220 - 200.

MoodandMarkets

After a strong downward pressure, there is a matured correction movement in a rising green channel. This moving from 20th of May is absolutely complete and correction type. So I forecast that the next movement will be down, the channel will be broken down, and cocoa could reach 2000.

MoodandMarkets

The continuing falling almost reaches the ultimate support zone near 90. One more movement is missing so I would like to see a decline around 90 after the sideways correction. But the 80 - 90 will be strong support!

MoodandMarkets

Did a rising correction. Reached the lower line of the rising channel. It is a backtest. Sugar is in the zone of a healthy correction between 0.5 - 0.38 Fibonacci zone. Did a correction type pattern. I expect to see a downward pressure at least to 10 or more, much more. We will see.

MoodandMarkets

The reversal from mentioned bull trap resistance zone(in the related idea) looks a little bit weak. Not that clear what I like a lot but after that, the sideways correction seems clear, so downside pressure should come soon. Minimal target around 8000 with the same level of the wave A but if there will be strong momentum, then the target may be further away up to...

MoodandMarkets

Eurjpy filled its gap from 6th of May and reaches a resistance zone with an extended fifth wave. So if there will be a strong pull back then a three waves correction maybe a Zigzag correction would be underway. Such a strong movement I NEVER trade contrary. Wait for a clear reversal

MoodandMarkets

Near the resistance zone! The upper line of a falling channel, horizontal resistance. In a clear 5 wave impulse structure, the price is in the fifth. RSI indicator above 80! These circumstances suggest me the dollar falling will be stopped and it will strike back soon. There can be failed to break out of the channel above 0.71, but I won't buy it. Patiently...

MoodandMarkets

Many elements are required for being successful traders like risk management, strategy and psychological aspect but nobody talking about thinking in alternates. Absolutely understand this situation, because almost everybody is in the position that thinking in alternates is a weakness and indecision. It is believed that whoever has alternates is not able to know...

MoodandMarkets

The upper line of the channel should be support zone beside that it could reach 1.2450. So I wait for one more upside movement to a little new high to 1.2660 - 1.27 resistance. And after that coming a backtest once again so we should prepare for sideways trading. My view is on the Elliott pattern. I do NOT like the pejorative phrases like OVERBOUGHT/ OVERSOLD in...