The U.S. Government Bonds 10YR Yield (US10Y) has been trading within a Channel Down pattern ever since the October 21 2022 High and even though there might be a Diverging Channel Up (dashed lines) emerging, the current levels and the fact that it has failed to break higher in the last five 1D candles, make it a strong Resistance cluster. With the 1D RSI also on...
The U.S. Dollar Index (DXY) came close o the 105.650 Resistance of the January 06 High and currently has been rejected. This was a level that failed to break above the 1D MA200 (orange trend-line), which is holding as Resistance since December and is also inside the Pivot Zone that formed three rejections and one rebound since May 13 2022. With the RSI almost...
The EURUSD pair has been on a strong monthly pull-back for the whole month of February. Technically the pull-back has been caused by an exact rejection on the 1W MA100 (green trend-line). The correction has already broken below the 0.236 Fibonacci retracement level. Since 2009 and the U.S. Housing Crisis, similar corrections at or below the 1W MA100 have found...
This is a very radical approach to Bitcoin's (BTCUSD) Cycle Theory as it expands on the notion that BTC has so far had only two (mega) Cycles instead of the traditional view of four (smaller ones), which is an idea we have analyzed quite a few times in the past. Radical but as the analysis shows not unrealistic, since each Cycle shares common parameters with the...
DAX has had the strongest 1D bearish candle today since December 15 2022. That was the candle that accelerated the correction from the Higher High Zone (red zone) of the long-term Channel Up to the Buy Zone (green zone). With the Channel Up pattern starting on the October 03 2022 market bottom and remaining valid up to now, this Buy Zone has been the most optimal...
Dow Jones (DJI) broke below its Pivot Zone and Higher Lows trend-line and as per our strategy published 2 weeks ago, we took that break-out sell opportunity: With the 4H RSI though printing Higher Lows against the price's Lower Lows (i.e. a Bullish Divergence) and the price approaching the 32480 Support level and the 1D MA200 (red trend-line), which both...
In our last Nasdaq (NDX) analysis 10 days ago, we called for a short-term correction after the price already filled the Gap of Resistance 1 (12985) and started making Lower Highs: Our target was the 6-month Pivot Zone, which is a symmetrical liquidity level, Support in early September and Resistance in mid November to mid December. In our analysis that is the...
11 days ago we took the best possible sell entry we could have as we shorted the exact top, calling for the best sell opportunity since December: Right now the price is on a strong rebound, slightly higher than Support 1 (73.25) but with the 1D RSI on a confirmed reversal within its range. If you missed the bottom buy opportunity, wait for a 4H candle closing...
Gold (XAUUSD) is about to test the 1W MA50 (yellow trend-line) after breaking the 0.382 Fibonacci retracement level. Following the sell signal we gave last week, with the 4H MA50 (red trend-line) as Resistance/ entry point, we are starting to turn bullish on Gold after a long time. The 1D RSI is very close to the 30.000 oversold barrier and that is our first buy...
The EURUSD pair gave us the decline we wanted as described on our last analysis 10 days ago: The price is now approaching Support Zone (1.04800 - 1.04500), which is also around the 0.382 Fibonacci retracement level. The Support Cluster is getting extremely strong considering that the 1W MA50 (red trend-line) is right below, which supported the price with an...
On our last week analysis for the S&P500 Index (SPX) we called for the start of the correction within this long-term Channel Up pattern: As you see the timing was spot on and the price broke below both the middle of the Channel Up and the 4H MA200 (orange trend-line). Along with the 4H MA50 (blue trend-line), the latter is close to forming a Death Cross on...
Stacks (STXUSD) is on an amazing parabolic rally, having broken above its 1W MA50 (red trend-line). On top of that, the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) formed the Golden Cross, a technically very bullish formation for the long-term. With the 1D RSI though hitting 90.00 (extremely overbought levels) and the price filling the 0.5...
As Bitcoin (BTCUSD) has taken a short-term paus on its early 2023 rally on the 1W MA50 (red trend-line), following the first Golden Cross on the 1D time-frame since May 2020, we naturally go back to the start of the previous Bull Cycle in 2019 to see how it behaved on this important stress test. ** The 2019 Bull Cycle ** As you see, BTC also took a sideways...
The EURJPY pair is on a three day bullish streak above both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The pattern for almost a year is a Channel Up, which has a very clear recurring bullish formation. After every 1-month (approximately) Channel Down (red pattern) and a U-shaped reversal on the 1D RSI, the price rises. We have so far 3 such...
Cisco Systems (CSCO) opened today considerably higher leaving behind both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) which was its Resistance this week. The price even broke above the 0.5 Fibonacci retracement level for the first time since May 04 2022. Needless to say this is a major bullish break-out from all perspectives. We expect a...
The MATICBTC pair has been trading inside an Ascending Triangle since July 2022 with the 1W MA50 (red trend-line) supporting. The Fibonacci Channel levels show that as the 1D RSI is approaching its Lower Highs (Bearish Divergence against the Higher Lows of the Ascending Triangle), we could see a pull-back. This is highly possible within a 0.00005800 - 0.00006650...
Ethereum (ETHUSD) is also testing its 1W MA50 (blue trend-line), after being supported by the 1W MA200 (orange trend-line) since the start of the year. The 1W RSI sequences of the Bear Cycle that just ended and the previous one in 2018 are identical. By applying the Fibonacci Channel we can clearly see the pressure points as Resistance and Support levels during...
Bitcoin (BTCUSD) is again attracting a lot of interest as it recovered the recent pull-back and even made a new weekly high. Those who follow us over the years know that through fractal and Cycle comparisons we have managed to identify key runs before they happen. ** Hitting the 1W 50 for the first time in 11 months ** Now, as BTC just hit its 1W MA50 (blue...