Use this as a guide to develop your view of the chart. Main items we can see on the Daily Timeframe. a) The main structure the price is in is an ascending channel. b) Currently, the price is on the higher trendline of the ascending channel. c) Remember that Technical Analysis doesn't tell us what is going to happen. Technical Analysis shows us zones in...
4H Chart Explanation: - Price broke the Ascending Trendline. - It is currently on an important Support Zone. - Expect a pullback from here and, then, price will start a huge down move. - We are looking for sell setups on lower timeframes. Weekly Vision: Updates coming soon!
Use this as a guide to develop your view of the chart Main items we can see on the Daily timeframe: a) Based on the previous short movements we can see a pattern (all of them are composed by a first impulse, then an ABC pattern and then a second impulse) b) We think based on the level we are currently on (massive support zone) that the first impulse is...
DAILY CHART EXPLANATION: 🔸 This pair is making a double bottom pattern between the current low and the previous one. . 🔸 It has been consolidating for the last days. . 🔸 We consider that price has potential to reach the Descending Trendline. . 🔸 We will look for a lower timeframe bullish setup. WEEKLY CHART ANALYSIS:
Daily Chart Explanation: - Price broke the Weekly Support Zone (now Resistance Zone). - Expect a pullback towards that Zone. - After that, price will move down towards the next Support Zone. - We are waiting the pullback to take short trades on lower timeframes. Weekly Vision: Updates coming soon!
Use this as a guide to develop your view of the chart. Main items we can see on the 4hs chart: a) currently, the price is on a Support zone b) On that support zone, we expect a reaction towards the broken ascending trendline c) From an Elliott perspective, we have a full count 12345 and now is correction time d) How is a correction composed of 3 Waves...
4H Chart Explanation: - Price is on the Weekly Ascending Trendline. - It tried to break it, but could not do it. - Now, we have to possible paths: 1) bounce from here and start a new up move; 2) break the Support Zone to start a new down impulse. - We are waiting for setups on lower timeframes to take trades on this instrument. Weekly Vision: Daily...
Use this as a guide to develop your view of the chart. Main items we can see on the weekly timeframe: a) The price has moved towards a support zone after a 5% bearish movement in only two weeks b) In 2015, in this same area, the price made a considerable reversal movement. Is that happening again? c) By now, we will only use this context as a potential...
WEEKLY CHART EXPLANATION: 🔸 This pair was on a downtrend since 2008. . 🔸 Now, it has broken the Support Zone, leading to a continuation of the bearish scenario. . 🔸 It has potential to reach the bottom of the Descending Wedge. . 🔸 We will look for a lower timeframe bearish setup. DAILY CHART ANALYSIS:
4H Chart Explanation: - Price broke the Ascending Channel and started the down move. - Price went towards the first Support Zone (now Resistance Zone ). - Now, it has potential to move down towards the Support Zone . - We are waiting for a sell setup on a lower timeframe to take short trades. Weekly Vision: Daily Vision: Updates coming soon!
WEEKLY CHART EXPLANATION: 🔸 This pair was on a sideways move since 2015. . 🔸 Now, it has broken the Support Zone, leading to a bearish scenario. . 🔸 It has potential to reach the Support Zone at 0.50000. . 🔸 We will look for a lower timeframe bearish setup. DAILY CHART ANALYSIS:
Use this as a guide to develop your view of the chart. Main items we can see on the Daily Chart: a) The price is on a significant Support zone + the lower trendline of the descending channel b) We have an invalidation zone for the long view, which is below 80 USD. Why? Because that would mean that this is not a HUGE corrective structure (yellow channel) but...
4H Chart Explanation: - Price broke the Weekly Ascending Trendline. - After that, the down move started. - Currently, price is on the Micro Support Zone. - We expect price to develop a correction before continuing the down move. - We are looking for sell setups on lower timeframes. Weekly Vision: Daily Vision: Updates coming soon!
DAILY CHART EXPLANATION: 🔸 This pair is on an uptrend. . 🔸 However, it could not consolidate above the Resistance Zone, and was rejected strongly. . 🔸 Now, it is breaking the Ascending Trendline to the downside, so, we consider it can start a downside move in the short term. . 🔸 In case the direction is clear, we will look for a lower timeframe setup. 4H...
Use this as a guide to develop your view of the chart. Main items we can see on the Weekly Chart: a) After the price war, Saudi Arabia started with Russia, the previous support zone at 42.66 was broken with an aggressive GAP and a continuation of the bearish movement towards the 28.00 level b) Currently, the price is on a significant support zone, and we...
4H Chart Explanation: - On a Weekly Basis, price bounced from the top of the Weekly Descending Trendline. -Now, on a Micro Frame, price broke the Ascending Trendline and is currently on the Last Support Zone. - If it breaks it, there is potential to move down towards the Fibo Zones. Weekly Vision: Daily Vision: Updates coming soon!
WEEKLY CHART EXPLANATION: 🔸 This pair is on a strong downtrend. . 🔸 At this moment, it is facing the previous Support Zone, which is the minimum level since 2009. . 🔸 We are waiting for a definition of the move, since there are high chances of bouncing in this area . . 🔸 In case the direction is clear, we will look for a lower timeframe setup, looking for an...
4H Chart Explanation: - Price broke the Support Zone (now Resistance Zone) on an important down move. - Expect a correction from here. - After that, price is going towards the Weekly Ascending Trendline. Weekly Vision: Daily Vision: