Main items we can see on the chart: a) The price found Support on a mayor zone b) When the price reached that level we observed previous situations to understand how the price was going to behave c) Observe the circles; we had a perfect copy situation like the one in the past d) Now we are projecting the possible outcomes in which the price can move ...
Main items we can see on the chart: a) The price is inside a major descending channel b) We observed a bounce on the lower trendline of the channel c) Currently, we can see the price inside a range (yellow lines) d) We have two scenarios after the breakout of the structure e) If you are interested in trading this analysis we will wait for the...
🔸 DAILY CHART EXPLANATION: . . 🔸 Price broke the Resistance Zone. . 🔸After that breakout, it did a downside move breaking the zone to the downside again, which couldn't hold. . 🔸 The potential target for the bullish movement is the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸Due to that, we were expecting a bearish brekout of the consolidation. . 🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high. . 🔸 Will look for a lower timeframe bullish setup (short term).
Main items we can see on the chart: a) The price has broken a descending trendline b) The price tested two times a major support zone c) We saw a corrective structure (yellow lines) on the edge of the broken trendline and the breakout of it d) If the price breaks above the green line we will take that as a confirmation for the bullish movement e) ...
Main items we can see on the chart: a) The price has broken the last corrective Structure (white lines) b) After the breakout of it, we saw the formation of a small corrective structure above the previous one (yellow lines) c) Currently, the price is testing the broken zone d) Based on the current level and context we expect a continuation of the...
Main items we can see on the chart: a) The price formed a corrective Structure on the edge of a broken trendline (compressive pattern) b) Now we can see a clear breakout of the compressive pattern c) Based on the technical elements we have on the chart we can expect a bullish movement towards the next dynamic resistance zone (descending trendline) d) ...
Main items we can see on the chart: a) The price has broken all the descending trendline on current levels (dynamic resistances / yellow lines) b) A flag pattern was formed above the previous dynamic resistances c) On Friday we finished the week with a breakout of it d) Now we expect a bullish movement towards the next resistance zone
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸That was a bearish signal, however, it has been consolidating since then. . 🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions. . 🔸 Will look for a lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
🔸 DAILY CHART ANALYSIS: . . 🔸 Price is on a Downtrend moving on a Descending Channel. . 🔸It has broken the Support Zone. . 🔸 We consider that it has potential to reach the lower trendline of the channel. . 🔸 Will look for a lower timeframe setup if there is a good scenario. 🔸4H CHART EXPLANATION:
🔸 DAILY CHART EXPLANATION: . . 🔸 Price is facing the Resistance Zone. . 🔸Also, above this zone, is the confluence zone between the two trendlines. . 🔸 In case of a bounce, we could see a bearish move towards the Support Zone, and, in case of a breakout the bullish move could reach the Resistance Zone. . 🔸 Will look for a lower timeframe setup when the direction...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price bounced at the confluence Zone between the Resistance Zone and the Ascending Trendline. . 🔸After that it broke the Support Zone (now Resistance Zone). . 🔸 Our weekly target is the Ascending trendline of the channel. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price has been ranging between 40 and 35 for several weeks b) Currently, we are observing a bearish movement c) We have a Bullish perspective on Crude Oil with two variations d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next...
Main items we can see on the chart: a) After a long time above a support zone, the price formed a clear corrective Structure b) The Corrective Structure was broken with a bullish movement c) Our main target for this movement is the next resistance zone at 1900-1915 d) Currently, the price is on its way to the Target e) However, in our experience...
Main items we can see on the chart: a) The price is against a Support zone + Daily descending channel b) Currently, we can define a consolidation movement using the yellow lines c) If the price breaks above the green line, we expect a bullish movement towards the yellow descending trendline d) Also, we have an invalidation zone for our Bullish...
Main items we can see on the chart: a) The price is inside an ascending channel b) We can see a vast symmetrical triangle broken c) Currently, we have a corrective structure above the triangle pattern (yellow lines) d) If the structure is broken with a bullish movement, we expect a continuation of it towards the next Resistance Zone
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Ascending Channel. . 🔸 It has also broken the Support Zone. . 🔸 At this moment, it is on a consolidation that can be better appreciated on a lower timeframe. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price has been moving sideways on this timeframe, bouncing on the range. . 🔸 We can observe that the Ascending Trendline has been broken, however, there is no bearish momentum at the moment. . 🔸 In case of a bearish move, the first target would be the Support Zone, and, in case of a bullish move, the Resistance Zone at 1.13500 has...