I think there is a bounce coming to the outlined area.
Silver - Testing New Method for finding support & resistance levels .
BTC Long Setup For 1 More Wave Up 15min Chart
Previous Bitcoin Update: There is no short opportunity at the moment as we are in no mans land. After that what are we gonna get 3 wave correction then down again or start of another uptrend ? Stay Tuned ;;
Most analysts are looking @ this Trend line which is WRONG : One more wave down on the 4H then the 5th wave up on the Daily ? *IF* Silver reaches 16.1$-16.25$(bottom of channel) it is a BUY. Previous Silver Update:
March 28th 2019 - Where the weekly chart originates
Previous Update: Currently in no-mans land in the middle of the trend.
Gold Next To Resistance - Next Move To 1470s$ , Needs 1525$ to turn bullish
Likely Gold will have one more leg down. It needs to breach 1520$ to become bullish on the immediate 1H map.
Oil is currently in an uptrend. I am watching to see whether Oil breaks above the temporary resistance level and move up OR break down below the key support signaling the end of this uptrend. Only LONGS next to support levels are recommended in an uptrend. Shorting resistances could prove to be a suicide.
If you recall I was looking for resistance here: This is the map of Gold on the Weekly/Monthly. IF this pullback proves to be a bigger one going into November-December we might see high 13XX area before a resume of the uptrend.
Mapped out the current 4H downtrend. Currently final resistance is @ 1.125 before there is a breakout and change of direction. We just had a push away from support on the 4H & Daily so a bit of caution is required for shorting at this moment. A bit of patience is needed. All other TimeFrames maps for the EUR/USD posted in March 2019:
BTC still in downtrend, close to resistance
Original Idea From February 28th 2019: As you can see I was looking for a short based on the blue uptrending countertrend line. IF EUR/USD goes near the new blue line, and very close to the very top of the channel of the parallel from the High before this downturn, will be a good location on the chart to place a short expecting continuation of the...
Original idea posted back in March: EUR/USD just closed below a key support on the Monthly chart and is threatening to move a lot lower. Does not look good for the EUR at all.
The Longer Term Chart Here: