It has been almost 20 days since our buy signal on WTI Oil (USOIL) after it hit the bottom of the (diverging) Channel Down (dashed lines): As you see, the price hit our target on the top (Lower Highs trend-line) of the previous Channel Down, but yesterday failed to break the 1D MA50 (blue trend-line) and gor rejected downwards. If it breaks and closes above...
Since November 15 there hasn't been a more accurate pattern on Gold (XAUUSD) offering solid buy and sell levels: As you see, the price made two excellent technical rebounds on the bottom of the Channel Up since our last analysis and yesterday made a new Higher High. The 4H RSI Triangle pattern did its job well again and at the moment, the price marginally...
This is the Dow Jones Industrial Average Index (DJI) against Bitcoin (BTCUSD) illustrated by the black trend-line. Every since September and the touch of its 1M MA50 (blue trend-line), Dow has been rallying, having recovered more than 50% of the 2022 losses. With regards to Bitcoin, perhaps the most important development is that Dow is rebounding after its 2M RSI...
This is the Dow Jones Industrial Average Index (DJI) on the 1W time-frame where we look into the current 1W (weekly) candle. As you see, the index managed to turn around the mid-week negative sentiment and closed the week above the 1W MA50 (blue trend-line) and in green. Even last week's heavily bearish candle closed above the 1W MA50. Those are early signs that...
The EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade: At the moment, as long as this week's low holds, we are expecting the Channel Up to make...
Terra Luna Classic (LUNCUSDT) has been consolidating since the December 16 drop having formed a Support Zone (green) just below the low of the FTX (November 08) crash. This consolidation is taking place below the Higher Lows trend-line that was holding since June 09. The price remains below the 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and the...
Nike Inc. (NKE) broke above the 118.70 Resistance of the Shoulder level of the Inverse Head and Shoulders (IH&S) pattern that started in August. Having rebounded last week on the 1D MA50 (blue trend-line) and already now above the 1D MA200 (orange trend-line), this IH&S bears resemblances with the one in early 2020 which kick started the post COVID crash...
We haven't looked into Decentraland (MANAUSD) since June 03, where we called for a bearish continuation unless the 1.13500 Resistance broke: As you see the Channel Down extended and the Resistance hasn't been broken up to this date. Despite today's +10% rise, the price remains below all 1D MA50 (blue trend-line), 1D MA100 (green trend-line) and 1D MA200 (orange...
The NZDUSD pair has been on a tremendous rise since the October 13 Low. That was a Lower Lows on the long-term Bearish Megaphone pattern that goes back to the October 21 2021 High. At the moment, the price hit (and so far holding) the 1D MA200 (orange trend-line) that hasn't been a Support since April and the last Lower High of the Megaphone. The 1D RSI has...
The EURGBP pair hit today the 0.88315 Resistance (November 09 High) after recently breaking above the 1D MA50 (blue trend-line). On our last analysis almost 2 months ago (October 29), we talked about this long term buy opportunity either on the 1D MA200 (orange trend-line) or the 1D RSI Support Zone: Both conditions were met, so if you got positioned then,...
The Matic Network (MATICUSD) recently established trading below its 1D MA200 (orange trend-line), closing a daily candle below it for the first time since October 20. This alone is far from ideal for buyers but the price remains within the wide 0.690 - 0.770 Support Zone that is holding since July 26. However, we can't ignore the Head and Shoulders pattern since...
Helium (HNTUSD) is trading within a Falling Wedge pattern since the September 06 Low and a Channel Down since the May 12 Low. Today it hit the 1D MA50 (blue trend-line) for the first time since November 05 and the FTX crash. Today's test happens to be at the top (Lower Highs trend-line) of the Falling Wedge as well. A rejection should pull the price back down to...
WTI Oil (USOIL) has been closely following our recent projections, both the perfect buy entry caught 12 days ago after spotting the Lower Lows bottom fractal similar to September 26, as well as the most recent buy 6 days ago after the 4H MA50 (blue trend-line) held as Support: We are again on the 4H time-frame, with the price continuing to replicate the...
The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction two months ago and the update 5 days ago (4H time-frame): Now back to the 1D time-frame, the price has started rising since the December 07 Low, exactly at the bottom (Higher Lows trend-line) of the long-term Channel Up, around the 1D MA100 (green trend-line). So far...
The German stock index (DAX) just hit the 4H MA50 (blue trend-line) and it getting rejected. This pull-back has high probabilities of turning into a sustainable sell sequence to a Lower Low considering that just two days ago a Death Cross was formed on the 4H time-frame, which is when the 4H MA50 crosses below the 4H MA200 (orange trend-line). In 2022 every 4H...
Bitcoin (BTCUSD) on the 1D time-frame is consolidating while the RSI just bounced on its Higher Lows trend-line that started after the FTX crash (November 09). This is as tight as it can get in terms of a Support as throughout the whole year, when the RSI broke below its Higher Lows, the price dropped aggressively (red zones). Right now we are on a hold or break...
The Binance Coin (BNBUSD) is on a short-term rebound after it broke below its Bollinger Bands on the 1D time-frame. Since May every time that happened while also the RSI rebounded after breaking into oversold territory (below 30.000), the price rose by at least +30%. Such rise will put BNB at $286.50 near the top of the...
The S&P500 index (SPX) is rebounding since yesterday after the 7 day fall followng the 1W MA50 (red trend-line) rejection. Even though it rebounded near the bottom of the October Channel Up, so far it remains below the 1D MA50 (green trend-line), the 4H MA200 (orange trend-line) as well as the 4H MA50 (blue trend-line). Based on the 4H MACD, it appears that S&P...