Within the 15 years uptrend, the DJIA corrected twice at -12.6% and -15% for an approx 2.6 years followed by two downward corrections during the markup phase at -9% and -8% which are the lowest correction percentages since 2009 to date.
Nine days left for January's candle to close which is currently at 0.46% versus 8.7% and 4.8% for Nov. and Dec 2023...
Although Gold is witnessing uptrend weakness, the uptrend is still intact as long as gold is trading above $2015.68 support. The weakness prevailed when Gold broke down the $2006 support and retested $2036 open price on Dec 23rd followed by the current correction. The current daily resistance is $2060 and support is at $2015.68 as mentioned above
I am biased...
WTI retraced above the 23% Fib levels from September 28th 's peak and above the 50% Fib retracement levels from November 2023 high price. The last upward move that took place from December 13th, 2023 till December 23rd was faced by a strong contra move retracing back almost 80%, from $76.14 to approx $70.
The upside move is expected to be short-lived facing...
Ethereum Weekly Analysis ( ETHUSD):
Ethereum is currently revisiting the sideways high of $2,140.8, initially established in August 2022. Sustaining trade above this level bolsters confidence in the ongoing upward momentum, aiming to challenge the present weekly resistance at $2,403. A successful breakthrough at this level would set sights on the $2,955 mark.
My...
