Main items we can see on the chart: a) The price has reached a major support zone on the weekly chart b) We can see a clear breakout of the descending channel c) Currently, we can see a corrective movement above the descending channel 60 days of compression d) Based on that, if the price breaks above the compression, we expect a continuation of the...
Today we will take the Daily chart, and we´ll see the relevant levels and the current technical structures we can observe Main items we can see on the chart: a) The price Broke a massive Flag pattern formation on JUN 2020 (320 days of consolidation). From a technical perspective, these patterns are considered bullish structures that tell us about the...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸It has broken the Support Zone. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price made a double bottom pattern and started an upside move. . 🔸It has broken the Descending Trendline. . 🔸Now, it has broken the Resistance Zone, so, we consider that this pair has bullish potential towards the next Resistance at 1.8200. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: A) The price reverse after reaching the all-time high zone and the weekly channel (purple lines) B) After the first sell-off coming from the tech sector, we can see a corrective structure (yellow lines) C) Monday started with a strong bearish movement creating new lower lows on the zone D) Currently we can see a...
🔸4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It has broken the Descending Channel. . 🔸We consider that this pair has potential to make an upside move towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Support Zone. . 🔸It has broken the Descending Channel. . 🔸We consider that this pair has potential to make an upside move towards the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has broken the Ascending Trendline. . 🔸We consider that this pair has bearish potential towards the Support Zone at 0.66300. However, we need to be careful with the middle Support Zone at 68.800. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
🔸DAILY CHART EXPLANATION: . . 🔸Price is facing a Support Zone that has been tested multiple times. . 🔸Bullish Scenario: In case of a bounce, the potential target of the movement is the Resistance Zone. . 🔸Bearish Scenario: In case of a break of the Support Zone, we may see a strong sell towards the next Support at 101.500. . 🔸 Will look for a lower timeframe setup.
We will analyze the short trade we are planning to take on USOIL. Please read the entire post if you want to have the full idea of what we are doing here. REVERSAL SITUATION: The price has reached a significant Resistance zone and broke the bullish compression CORRECTIVE STRUCTURE: Now, after the bearish movement from the resistance zone, we can see a...
Main items we can see on the chart: a) The price has Reached the All-time highs and failed to keep the zone b) After the first sell-off we can see a corrective structure c) Our expectation is that if the price breaks below the structure, that would be a confirmation for the bearish movement, towards the next support zone d) We will take this trade to...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline. . 🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure. . 🔸We are waiting for a breakout to the downside, and also we need a break of the Support Zone. The potential target is the next Support at 1.50500. . 🔸 Will look for a lower timeframe bearish setup...
🔸 4H CHART EXPLANATION: . . 🔸Price broke the Support Zone. . 🔸Last week we posted an idea when price was making a retest of the broken Support Zone. . 🔸Now, we observe that price has made a lower low in the current trend, so, the downside move continuation has been confirmed. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price has been on a bearish trend since MARCH 2020 b) Currently, the price is below a previous Support zone now working as a resistance c) The main style of the strategy we are showing here is looking for previous situations at the same level and use them as models for possible resolutions on the current...
🔸 DAILY CHART EXPLANATION: . . 🔸Price broke the Ascending Trendline, however, it could not stay below. . 🔸Instead, it has broken the Trendline to the upside. . 🔸Before considering any long position, we are waiting for a break of the previous higher low on a lower timeframe to confirm the direction. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART...
🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has also broken the Support Zone. . 🔸We consider that this pair has bearish potential. The next bearish target zone is the Support Zone at 120.00. . 🔸 Will look for a lower timeframe bearish setup. 🔸 4H CHART ANALYSIS:
Today we will give our technical view on Natural Gas Main items we can see on the chart: a) We are working on a weekly timeframe because we are facing structures that come from 2000 until the present b) The main structures we have are 1- Monthly Support zone and 2-Monthly descending trendline. Those two levels are the edges of the current scenario. ...
🔸 4H CHART EXPLANATION: . . 🔸Price made a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline). . 🔸We observe that the Support Zone has been also broken. We consider that this pair has potential to make a downside move towards the next Support Zone at 120.500. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS: