4H CHART EXPLANATION: Price has broke the Ascending Wedge Pattern, did a pullback to the broken trendline and has started a downside impulse. We expect this movement to reach the Support Zone at 108.0, and if this zone is broken, then the potential target would be the Support Zone at 106.600. DAILY CHART:
Use this as a guide to develop your view. Main items we can observe on the Daily Chart: a)The price is inside a Falling Wedge Formation (Continuation structure if preceded of a motive wave) b)We are close to a clear Support area made of "Lower trendline of the Wedge Pattern + Bullish Trendline (yellow dash-dot line) + Major Support Zone." c)We expect the price...
4H Chart Explanation: - Price is on an Ascending Channel . - Price broke the Micro Ascending Trendline . - Price is developing a Bearish Corrective Structure now. - If it breaks it, it has potential to move down towards the Bottom of the Ascending Channel . Weekly Vision: Daily Vision: Updates coming soon!
Use this as a guide to develop your setup: Main items we can see on the Daily Chart: a)The price was not able to broke above the Highet trendline of the White ascending channel. b)The price Broke the ascending dash-dot light blue channel. c)Price Found Support on the Higher trendline of the Yellow channel (most significant structure of the chart). d)Currently,...
Daily Chart explanation: On the daily timeframe we observe that price has broke the Weekly Descending Trendline and it has consolidated on an horizontal channel. Today it is breaking it upwards, so, if this candle closes above, we expect a bullish movement towards the next resistance zone. Weekly Chart:
Use this as a guide to develop your setup Main items we can see on the Daily chart: a)Using Elliott wave theory, we can see a 1234 count with a 5th wave remaining b)We can observe a Pennant pattern (4th wave) which is considered a continuation structure c)The cloned ascending trendline supports the pennant pattern d)Using Fibonacci Extensions, we forecast a...
4H Chart Explanation: - Price broke the Descending Channel. - Price is currently on an important Support Zone. - If price bounces from here, it has potential to move up towards the Descending Trendline first and, then, towards the Resistance Zone. Daily Chart Explanation: Weekly Chart Explanation: Updates coming soon!
Weekly Chart Explanation: - Price was on an Ascending Channel since 2013. - Price broke it up. - It is on a Bullish Corrective Structure. - If it breaks it, it has potential to move up towards the Fibo Levels. Daily Vision: 4H Vision: Updates coming soon!
Use this as a guide to develop your personal view of the chart. Main items we observe on the Daily Timeframe: a)Price Broke the ascending channel and the major Support/Resistance zone b)Currently, the price is inside a Flag pattern on an ABC pattern with a clear structure (yellow lines) c)These types of patterns are considered continuation structures (meaning...
Use this as a guide to develop your view of the chart. Main items we see on the 4hs chart: a)Price is against a Major Resistance Zone b)We can see a Wedge Pattern against that resistance level ( Weakness of the bullish movement) c)We had a first Breakout of the Wedge pattern followed by a corrective structure on the outside d)Now the price is heading towards...
4H CHART EXPLANATION: Price was consolidating on a wedge pattern, which faced the Resistance Zone at 66 and could not break it. Now it is at the Support Zone, that, if it is broken, the next short term target would be the Support Zone at 47. The long term vision is explained on the Daily chart below. DAILY CHART ANALYSIS:
Use this asa a guide to develop your view on the chart Main items we can see on the Daily timeframe: a)Price is on an ascending channel against a relevan resistance zone b)Now is a key moment to see if the price is able to go higher or if it fails on the attempt. c)IF the price fails and the ascending channel is broken below 55.56 we will expect a continuation...
Daily Chart Explanation: - Price the Weekly Triangle. - Price is currently on a Bearish Corrective Structure. - If price breaks the Structure, it has potential to move down towards the Support Zone. Weekly Vision: Updates coming soon!
Use this as a guide to develop your setup. Main items we can see on the 4HS chart: a)We have a wedge pattern against a significant resistance zone. b)The Wedge pattern has been broken and we have a formation around the lower trendline of the wedge pattern. c)We will expect a new test of the zone where the corrective structure found resistance. d)If that...
4H CHART EXPLANATION: On this timeframe price is facing the minor resistance zone, which we expect to be broken soon. Then, the resistance zone at 74.500 it is the definition zone as explained on the daily chart. There, we have two possible scenarios, the bearish one and the bullish one. DAILY CHART:
Use this as a guide to develop your view of the chart. Main things we observe on the Daily Chart: a)We can see a clear Pennant Pattern, this type of Structures are considered continuation ones, in this case, we should expect a new Impulsive wave after the breakout of it b)On the Upper Trendline of the Pennant Pattern, we can see a second structure with a...
Daily Chart Explanation: - Price started its down move from the Major Resistance Zone. - Price made a retracement towards the Middle Resistance Zone. - Now, it should be strong enough to go down towards our targets to the Support Zone first and to the Major Support Zone then. Weekly Vision: Updates coming soon!
Use this as a guide to develop your setup. Main items we can see on the 1H chart: a)Price Couldnt Broke the primary ascending Structure, and it failed several times on the past (Weakness of the Bullish Movement) b)On MACD we can see a Bearish Divergence (Weakness of the Bullish Movement) c)Now we will wait for a Re-Test of the White trendline, and after that,...