The S&P500 / US500 is trading inside November's Channel Up, with the price turning sideways after nearly hitting its top. This is a comfortable bullish trade over the 4hour MA50 and looks very much like the November 5th-9th consolidation. As long as the 4hour MA50 supports, buy and target 4850 (top of the Channel Up). If it breaks, sell and target 4550 (bottom...
WTI Crude Oil / USOIL is inside a Channel Down but the bearish strength is fading as a Falling Support has been formed while the 1day RSI Double Bottomed. At the same time the 1day MACD is about to form the 2nd Bullish Cross in less than a month. The very same (Channel Down) pattern was trading back in June - August 2022, with the same bullish divergence and...
Gold is rising today after the Fed Rate Decision (unchanged, Powell implying we are near or at the end of the hike Cycle) but also technically as it found support on the 1day MA50. This price action isn't diverging from the recent past. After the sharp decline of September, Gold peaked on October 27th, pulled back to the 0.382 Fibonacci and then made a new All...
EURUSD is close to forming a Death Cross on the 4hour time frame. The pair is trading inside a Rising Megaphone pattern which is inside a larger Channel Down. Both patterns have downside gaps to fill. The price action is almost like all previous bearish legs in 2023 at the time of a 4hour Death Cross. Today's small spike is a solid sell entry. Target 1.06500...
Nasdaq established its price action over the 4hour MA50 again. A Channel Up is emerging, and could be a very aggressive one as the 4hour RSI is already overbought. You can buy now and target at least the 16785 ATH. If the price breaks over it and after re-testing it holds, re buy and target 17850 (+13.65% rise like the first leg of the Channel). Previous...
Ethereum / ETHUSD is trading inside multiple Channel Up patterns, the longest of which is the one that started on the June 18th 2022 bottom. Following only the second 1day Golden Cross formation inside this pattern 3 weeks ago, there is still room for this rise to extend. Buy now and target the top of the white Channel Up at 2850. Previous chart: Follow...
Ordinals / ORDIUSD is trading on a parabolic curve supported by the 1day MA50. Its first bullish leg gave a +90% rally. The second delivered an impressive +468%. As long as the parabola holds, buy and target the psycological level of $100 (+468%). Previous chart: Follow us, like the idea and leave a comment below!!
The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance. This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term. The long term pattern is a Channel Up but the short term is limited to...
Dow Jones / US30 made a new High on its November rally today. This is all part of the bullish sequence from the bottom to the top of the 1 year Channel Up pattern. The last blow off top rally that formed the July 27th High completed a +6.30% rise from the moment it tested and held the 1day MA50. That would now be at 35960, above both Resistance A and B...
Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top. A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50. We are about to form a 1day MACD Bearish Cross on that exact same level. Sell now and target the 1day...
Tesla / TSLA is on a Channel Up trade since the start of the year. Now that we are approaching its end, the price is trading around the 1day MA50 and within the 0.236 - 0.382 Fibonacci range. This is the final consolidation before the final phase of the bullish wave begins. Based on the 1day MACD's identical structure from January until May, we are on the...
EURUSD has been rising continuously since the October 3rd Low, a bottom on an Ascending Triangle pattern after which we gave a buy signal. The price action is now completing a topping pattern identical to July 18th and April 26th as it trades above the Falling Resistance with the 1day MACD near a Bearish Cross and its histogram sideways. Sell and target 1.07850,...
Gold / XAUUSD delivered earlier this month (chart at the bottom) an excellent sell opportunity that emphatically hit our 1935 target. This week the price rose back to the October 27th High, which is the obvious Resistance. As long as the 1day candles close under the Resistance, we will treat them as a Double Top formation, hence a sell opportunity. On top of...
WTI Crude Oil / USOIL is trading inside a Channel Down for almost 2 months. The recent Lower Low on its bottom is so far replicating the previous one on October 6th. Today's sudden decline made a symmetric pull-back as on October 12th. This is the final short term buy opportunity before the price approaches the top of the Channel and the 4hour MA200. A...
Natural Gas/ NG is trading inside a Bullish Megaphone and the price is now on the corrective wave after the latest Higher High. Support A at 2.860 is the first line of defense and with the price this much under the 1day MA50, the most optimal buy entry technically within the Megaphone (observe the circles). Buy now and target 3.600 (Resistance A). Sell if the...
Silver / XAGUSD got rejected on Friday at the top of the 6 month Channel Down. Today it is supported by the 1day MA200, which was the Resistance in late September-October. If crossed, we will have a sell confirmation. The typical decline inside the Channel Down has been within -12.12% and -13.21%. Also we spotted a fractal during July-October 2022, which is so...
The S&P500 index / US500 has been on the strongest 2 week rise since October 2022, which was at the very start of the Fibonacci Channel Up you see on this chart. The index has established the 1day MA50 as the new long term Support and may test it soon if we expect it follow a similar course as the October-November 2022 rally, which made a short term pull back...
Tesla / TSLA is on a non-stop rise since the October 31st bottom. Today it crossed over the 1day MA50. The biggest obstacle lies on the Falling Resistance itself which rejected the price the last two times. The Resistance becomes even stronger as it is exactly on the 0.786 Fibonacci level, which was the rejection point on September 15th of the previous rise...