Main items we can see on the chart: a) The price was above a Support zone for almost 2 months b) During that time we can see a Range that creates a Pennant Pattern c) Now we have a clear breakout of it d) Based on the size of the broken structure, we should wait for a bullish movement proportional to it. e) Our Target for this movement is 1900.00
Main items we can see on the chart: a) The price is inside a Daily Correction (yellow lines) b) A bullish breakout of the structure will mean that a new motive wave is coming maintaining the proportions of the structure in which has been formed c) Based on the current situation we have two possible paths for the price SHORT SCENARIO: If the price...
Main Items we can see on the chart a) The price is on a Weekly Support zone b) We have a Descending trendline that represents the last dynamic resistance before the bullish target c) Currently, we have a descending movement just on the edge of the mentioned trendline (yellow lines) d) If the price breaks above the yellow lines, we will consider as a...
🔸 WEEKLY CHART EXPLANATION: . . 🔸 Price broke the Ascending Trendline. . 🔸 It has potential to make a downside move. . 🔸 The first target of the movement is the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸4H CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Support Zone. . 🔸 It has broken the Descending Trendline. . 🔸 Now, we are waiting for a breakout of the structure formed above the trendline. The target of the move is the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price is above a Support/Resistance zone b) The next Resistance zone we have is the All-time Highs area c) Currently, we can see a Flag Pattern (corrective Structure) d) If the price breaks above the corrective Structure (Yellow lines) We will consider as a confirmation of the new bullish movement e) Use...
Main items we can see on the chart: a) The price has been inside a huge correction for 5 months b) We saw the first attempt of breaking the higher level of the correction c) Currently, we can observe a 4HS compression on the form of a falling wedge pattern d) If the price breaks the falling Wedge, we will expect a bullish movement towards the next...
Main items we can see on the chart: a) The price is above a Support zone b) A corrective Structure has been broken c) However, we do not consider the size of it proportional to all the previous impulse d) Based on That, let's check the two possible Scenarios FIRST: The price keeps pricing from current levels towards the next resistance zone, if you...
Main items we can see on the chart: a) The price is above a well-tested Support Resistance zone b) It has been there for 70 days almost c) We expect that the direction of the breakout of the range would be bullish based on the technical structures of the current situation d) Our Target for the Breakout is going to be 1900
🔸 DAILY CHART EXPLANATION: . . 🔸 Price bounced at the Ascending Trendline some weeks ago. . 🔸 However, we can see that the bounce was very week, and it has been broken to the downside. . 🔸 The target of the downside move is the Support Zone at 1.5900. Be careful with the middle support at 1.6600. . 🔸 Will look for lower timeframe bearish setup. 🔸4H CHART...
🔸 4H CHART EXPLANATION: . . 🔸 Yesterday we posted this pair when it was facing the Ascending Trendline. . 🔸 Now, we observe that it has been broken to the downside. . 🔸 The target of the downside move is the Support Zone. . 🔸 Will look for lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price reversed from a well-tested resistance zone b) Following the idea of what happened in the past, we developed a scenario in which the price goes towards the support zone c) If the price breaks below the lower low, we will consider a confirmation of the bearish movement d) You can wait for a clear...
Main items we can see on the chart: a) The price had been inside a Range (yellow lines) and was broken with a massive bullish movement b) After the first impulse we saw a reversal a now we are on a situation where the price is retesting the broken level c) Above the mentioned zone there is a new corrective Structure (purple lines) + broken descending...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Descending Trendline. . 🔸 It has broken the Support Zone. . 🔸 Now, it is on a corrective move, holded by the Resistance Zone (Previous Support) . . 🔸 Will look for lower timeframe bearish setup. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price is facing the Ascending Trendline. . 🔸 If it bounces, it could make a bullish move towards the Resistance Zone. . 🔸 If the Trendline is broken to the downside, the target of the move is the Support Zone. . 🔸 Will look for lower timeframe setup when the direction is clear. 🔸DAILY CHART ANALYSIS:
Main items we can see on the chart: a) The price is on a bullish movement after its bottom at the end of march b) During the ascending, we saw several corrections on the process c) The last correction has been the most prominent of all the previous one d) We consider this is a corrective Structure for a continuation movement towards the Double Top...
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Descending Trendline. . 🔸 After that, it faced the Support Zone but could not break it. . 🔸 Now it is against the Support Zone again, and, if we observe, there is like a Head and Shoulders Pattern also. . 🔸 Will look for lower timeframe bearish setup when the Support Zone is broken. 🔸DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Ascending Trendline. . 🔸 On a lower timeframe, the Descending Trendline of the downside move has been broken. . 🔸 The potential target area is the previous high, where price will make a double top. . 🔸 Will look for lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS: